Mortgage Rates Drop in Arizona

Big news!  Arizona mortgage rates drop!  For months, the mortgage market has awaited September 18, 2013 to see what the Fed would do regarding their mortgage rate policy.  After waiting and guessing, expecting and anticipating the Fed shocked the market.  They surprisingly decided to continue purchasing mortgage backed securities rather than "tapering" their purchase program as many expected.  As a result, we saw mortgage rates drop. Big Ben and the Fed felt that our economy was not quite … [Read more...]

Arizona Mortgage Rates – How Low?

When I hear people complain about Arizona Mortgage rates closing in on the 4% range all I can think is "Never look a gift horse in the mouth" - a saying I can still hear my mom telling me as a little boy.  It is based on the fact that one of the ways a horse owner judges the quality of its horse is by the stallion's tooth quality.  Therefore, if someone gives you a horse, good manners would have you not judge the gift but be thankful instead.  This saying holds true with today's Phoenix mortgage … [Read more...]

Win The Mortgage Rate Lock Game

One of the most critical components to structuring an Arizona Mortgage Plan when purchasing a home or refinancing an existing mortgage is interest rate.   As Arizona mortgage rates continue to move daily, putting together a strategic and effective game plan with your loan officer to capture the lowest rate is vital. Secure the Lowest the Lowest Mortgage Rate The challenge mortgage applicants face with regard to locking looks like this - If mortgage rates look good today and we lock in what … [Read more...]

Arizona FHA Streamlines

Check out this updated article. As your Arizona FHA mortgage lender I wanted to share some  great news for FHA borrowers that have been stuck due to rising mortgage insurance costs.  This change will help Arizona FHA homeowners take advantage of record low Arizona Mortgage Rates. Check out these 2 articles and read below: http://www.housingwire.com/article/fha-raise-insurance-premiums-april http://www.housingwire.com/article/fha-announce-premium-changes-soon FHA Streamline Refinances … [Read more...]

HARP 2 Makes Inequity Refi Simple

As you may have heard, the government is overhauling it's HARP refinance program.  This upgrade will drastically improve the existing HARP (“upside down/no equity refi program”) that may finally allow this program to reach the millions of American and Arizona homeowners that need it. However, there are 3 key proposed changes that would allow many more Arizona homeowners to take advantages of HARP2:   1. The new proposed HARP 2 refinance eliminates the 125% cap meaning that there is … [Read more...]