Warm Weather
79 degrees Saturday. 81 today with light and variable winds. 82 Monday. If you live in the Midwest your probably not trying to decide which pair of shorts to wear to church today. Remember that only you can prevent the hell that is Winter by moving to where the sun warms you almost everyday. Too expensive to live in LA or San Diego so please consider Phoenix.
This from our friends at DSNews.com:
Mortgage Rates Climb for Fourth Straight Week
Mortgage interest rates rose again this week, marking the fourth consecutive increase. Freddie Mac says the average rate on a 30-year fixed mortgage has jumped to 4.61 percent, up from 4.46 percent just one week earlier. If such sharp increments continue at this pace, the 30-year rate could rise above where it was a full year ago (4.81 percent) in a matter of mere weeks. For a $200,000 conventional loan, the sudden rise amounts to $50 more in monthly payments than if buyers had locked in rates just two months ago.
Read the whole story here.
And
Pressure Mounts for Fannie and Freddie to Write Down Mortgages
With property values still tumbling, it's no surprise that nearly a quarter of the nation's mortgage borrowers owe more than their home is worth. Industry studies support the consensus that the farther a borrower sinks into negative equity, the more likely they are to throw in the towel. The severity of this catch-22 is now top-of-mind for government officials. The administration is reportedly pressuring Fannie Mae and Freddie Mac to make principal write-downs a key component of their foreclosure prevention efforts.
Read the story here.
XEROX IS DOING SOMETHING COOL
If you go to this web site, www.LetsSayThanks.com you can pick out a thank you card and Xerox will print it and it will be sent to a soldier that is currently serving in Iraq. You can't pick out who gets it, but it will go to a member of the armed services. This works and is free to you to do. A very easy to say thanks for being between us and the folks that want to end our way of life.
Do not forget about our 4 legged friends at the Arizona Animal Welfare league. Go HERE to check out our buddy Lamar here and all of his friends who need a home. Pets enrich our lives.
Check it out! Call me if you need directions to get there.
The Borrego model at 3826 East Herrera Drive went back to the bank last week. Opening bid was $400K and no one stepped up to buy it. It will be back on the market soon.
Tags:aviano,desert ridge,phoenix,real estate,villages at aviano,fireside,Arizona,short sale, foreclosure,fireside at desert ridge,Toll Brothers,pulte del web,bella monte. Information and pictures supplied by MLS and deemed reliable but not guaranteed. Proud to wake up, live and work in the great State of Arizona.
This from our friends at DSNews.com:
Mortgage Rates Climb for Fourth Straight Week
Mortgage interest rates rose again this week, marking the fourth consecutive increase. Freddie Mac says the average rate on a 30-year fixed mortgage has jumped to 4.61 percent, up from 4.46 percent just one week earlier. If such sharp increments continue at this pace, the 30-year rate could rise above where it was a full year ago (4.81 percent) in a matter of mere weeks. For a $200,000 conventional loan, the sudden rise amounts to $50 more in monthly payments than if buyers had locked in rates just two months ago.
Read the whole story here.
And
Pressure Mounts for Fannie and Freddie to Write Down Mortgages
With property values still tumbling, it's no surprise that nearly a quarter of the nation's mortgage borrowers owe more than their home is worth. Industry studies support the consensus that the farther a borrower sinks into negative equity, the more likely they are to throw in the towel. The severity of this catch-22 is now top-of-mind for government officials. The administration is reportedly pressuring Fannie Mae and Freddie Mac to make principal write-downs a key component of their foreclosure prevention efforts.
Read the story here.
XEROX IS DOING SOMETHING COOL
If you go to this web site, www.LetsSayThanks.com you can pick out a thank you card and Xerox will print it and it will be sent to a soldier that is currently serving in Iraq. You can't pick out who gets it, but it will go to a member of the armed services. This works and is free to you to do. A very easy to say thanks for being between us and the folks that want to end our way of life.
Do not forget about our 4 legged friends at the Arizona Animal Welfare league. Go HERE to check out our buddy Lamar here and all of his friends who need a home. Pets enrich our lives. Check it out! Call me if you need directions to get there.
The Borrego model at 3826 East Herrera Drive went back to the bank last week. Opening bid was $400K and no one stepped up to buy it. It will be back on the market soon.
Tags:aviano,desert ridge,phoenix,real estate,villages at aviano,fireside,Arizona,short sale, foreclosure,fireside at desert ridge,Toll Brothers,pulte del web,bella monte. Information and pictures supplied by MLS and deemed reliable but not guaranteed. Proud to wake up, live and work in the great State of Arizona.
