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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

As always, we strive to inform our clients and partners with timely market data. Here are the latest stats from our monthly Market Update with Tina Tamboer, Senior Analyst with …

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, …