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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.

How are rates impacting new home construction?- Markets in a Minute

A quick look at the markets for the week ending June 21, 2024 ‌  Retail sales rose 0.1% in May, coming in weaker than expected as consumers continued to wrestle with …

Understanding Mortgage Interest Rates:  

What Shapes Your Home Loan Costs? In the realm of real estate and personal finance, few factors wield as much influence over a home’s affordability as the mortgage interest rate. …

June Update Highlights

Cromford Market Update with Tina Tamboer, Senior Analyst | The Cromford Report ™ Supply 26% below normal+2 points MOM+52.4 YOY! Demand 22% below normal-1.4 points MOM New Listings 8,594 in …

Understanding Pre-Qualification vs. Pre-Approval

Which Do You Need to Buy a Home?  So, you’ve found the perfect home—the one you’ve been dreaming about. Now, you’re ready to make an offer and dive into the …

This Week with Brandi Paucek

There’s no such thing as a straight line Weekly Newsletter: May 27th-31st  Interest Rates 30-yr fixed  7.346%  15-yr fixed  7.097%  30-yr fixed FHA  7.417%  30-yr fixed VA  7.447%  PCE and …

A better week for rates and apps – Markets in a Minute

A quick look at the markets for the week ending May 10, 2024 ‌  The DJIA stretched its winning streak to 6 straight sessions this week, closing above 39K points for …

This Week with Brandi Paucek

April 29th to May 3rd Fed Meeting & Jobs Week The Fed met this week, and as expected, they did not change the rate. The good news that came out …

Fed rate actions and home price movement – Markets in a Minute

A quick look at the markets for the week ending May 3, 2024 ‌  The Fed kept its policy rate unchanged at this week’s FOMC meeting but kept alive hopes for …

May Update Highlights

Cromford Market Update with Tina Tamboer, Senior Analyst | The Cromford Report ™ Supply 15,832+37.7% YOY Demand 79.6 Accepted Contracts 1736– 7.8% YOYbest weekly opening since May 23 Days On …