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Frequently Asked Questions
Welcome to Mortgage 101. Whether you’re a first-timer or just need a refresher, we’ve got the home financing details you’re looking for. This list of FAQs has been curated by our team members, based on common recurring questions. For a deeper dive into the mortgage experience, check out the Informed Lending Blog posts below. Better yet, drop us a line or give us a call at 480-776-2954.
More Good News For Interest Rates!
Weekly Newsletter July 22th-26th Interest Rates – Inflation Week 30-yr fixed6.85%15-yr fixed6.27%30-yr fixed FHA6.76%30-yr fixed VA6.79%*These mortgage rates are estimated by a third party using industry averages for owner-occupied properties …
A Stable Week in Mortgage Rates While the World Is in Chaos
Weekly Newsletter July 15th-19th Interest Rates – Quiet Week 30-yr fixed 6.83% 15-yr fixed 6.31% 30-yr fixed FHA 6.9% 30-yr fixed VA 6.79% *These mortgage rates are estimated by a …
Rate cuts before the Fed hits its target? Markets in a Minute
A quick look at the markets for the week ending July 19, 2024 30 Year Fixed Mortgage Rate Movement Retail spending held steady in June, as it has throughout the …
Will this week’s cracks in the inflation dam flood the real estate market with transactions?
Weekly Newsletter July 8th-12th Interest Rates 30-yr fixed 6.94% 15-yr fixed 6.41% 30-yr fixed FHA 6.74% 30-yr fixed VA 6.79% *These mortgage rates are estimated by a third party using …
Is the market becoming more buyer friendly? Markets in a Minute
A quick look at the markets for the week ending July 12, 2024 Consumer inflation data in June saw core prices rise 0.1%, the smallest gain since August 2021, supporting …
‘Merica had fireworks; mortgage rates had sparklers
Weekly Newsletter July 1-5, 2024 Interest Rates 30-yr fixed 7.08% 15-yr fixed 6.53% 30-yr fixed FHA 6.86% 30-yr fixed VA 6.82% *These mortgage rates are estimated by a third party …
Are homeowners thinking of selling any time soon? Markets in a Minute
A quick look at the markets for the week ending July 5, 2024 According to ADP, private payroll growth edged lower in June. A slowdown in the labor market could …
July Update Highlights
Cromford Market Update with Tina Tamboer, Senior Analyst | The Cromford Report ™ Supply 25% below normal+.6 points MOM+61.7% YOY! Demand 23% below normal-2.2 points MOM New Listings 7,330 in …
House prices are still on the rise – Markets in a Minute
A quick look at the markets for the week ending June 28, 2024 According to the Fed, the excess savings Americans stored away during the pandemic ran dry months ago, …