DC Ranch & Grayhawk part of one of the strongest Real Estate markets in the country

DC Ranch, Grayhawk and any other community in the Phoenix metro area are part of the strongest real estate market in the country.

The city of Phoenix has been predicted to be the top performing real estate market with a 5% appreciation rate.

Veros Real Estate Solutions, an industry leader in risk management, has released its most recent quarterly report showing signs of accelerated recovery in some housing markets while other markets continue to struggle with slight recovery.

Veros says the forecast displays “fewer significant drags across an increasing number of markets, many of which are beginning to emerge with initial signs of appreciation for the first time since the market’s decline”.

Projected 5 strongest markets

 

1.  Phoenix-Mesa-Scottsdale, AZ +5.0%

2.  Bismark, ND +4.3%

3.  Shreveport-Bossier, LA +3.4%

4.  Anchorage, AK +3.1%

5.  Fargo, ND/MN +2.7%

 

Bakersfield , CA sits at the bottom of the housing market for the third consecutive quarter with depreciation of 6.3%.  Although the Bakersfield market is still experiencing the greatest rate of depreciation it is an improvement over the previous quarter’s 6.8% rate.

 

*Projected 5 weakest markets

 

1.  Bakersfield, CA -6.3%

2.  Modesto, CA -4.9%

3.  Fresno, CA -4.9%

4.  Reno-Sparks, NV-4.7%

5.  Stockton, CA -4.7%

 

Thanks to Lisa Brown for the information

lisa brown DC Ranch & Grayhawk part of one of the strongest Real Estate markets in the country

Call Lisa today to get prequalified

Lisa Brown

Branch Manager

2151 E. Broadway Rd. Suite 210

Tempe, AZ  85282

602.680.8816 Cell

lbrown@amerifirst.us

My website www.lbrown.amerifirst.us

 

AMERIFIRST DC Ranch & Grayhawk part of one of the strongest Real Estate markets in the country

INTEREST RATES – NOVEMBER 3, 2011

 Anyone looking to buy a home in DC Ranch, Grayhwk or any other Scottsdale community, will be glad to know that rates are still low!!!

Here are the lastest interest rates and news

Snap shot from Europe
News from Europe dominated the financial headlines this morning. The European Central Bank (ECB) surprised investors with a 25 basis point rate cut.  With inflation in Europe running higher than the traditional comfort levels of ECB officials, investors did not expect this tilt toward boosting economic growth. Separately, there have been reports that the Greek Prime Minister will resign, but the situation remains very   uncertain.

Conventional 30 year fixed – 4.125%

FHA 30 year fixed – 4.125%

MORTGAGE RATES 11 3 11 001 300x60 INTEREST RATES   NOVEMBER 3, 2011

CLICK TO ENLARGE

If you’re interested in learning about loan programs or financing your next purchase,

 please contact Lisa Brown with Amerifirst Financial Inc.

lisa brown INTEREST RATES   NOVEMBER 3, 2011

Lisa Brown - CNN Mortgage

Lisa Brown

Branch Manager

2151 E. Broadway Rd. Suite 210

Tempe, AZ  85282

602.680.8816 Cell

480.374.6982 Efax

lbrown@amerifirst.us

My website www.lbrown.amerifirst.us


Mortgage Interest Rate Myths – DC Ranch & Grayhawk Real Estate

Those who want to buy real estate in DC Ranch, Grayhawk or any other community in Scottsdale AZ or the Phoenix metro area, I thought you would be interested in this article.

Mortgage Interest Rate Myths

This may come as a shock to many borrowers, but it’s absolutely true. Mortgage interest rates are not set by the Federal Reserve and, contrary to popular belief, mortgage rates are not directly tied to the yields of US Treasury bills, bonds, or notes – including the 10-year Treasury Note. That’s right. Despite what you might hear in the media, mortgage interest rates are actually set by lending institutions, and are based solely on the performance of mortgage-backed securities.

For years now, the media and inexperienced loan officers everywhere have suggested that the 10-year Treasury Note, a government-backed security, is directly tied to mortgage interest rates, that the two are separated by a specific interval – which is simply not true. The graph on this page, which shows interest rates for 30-year fixed-rate mortgages and the yield for the 10-year Treasury Note for 13 months, clearly demonstrates this fact.

At a quick glance, yes, it’s easy to see why the mistake is made. As you can see, for 11 out of the 13 months recorded in the graph, the yield of the 10-year Treasury Note and interest rates for 30-year fixed-rate mortgages did follow a somewhat similar long-term path, despite obvious short-term divergences. However, take a closer look at the drastic change that occurs from January through March 2008. What’s interesting about this graph is that, during this period, the Federal Reserve had cut interest rates six times, from September 2007, to March 2008, and yet mortgage rates were actually higher in March 2008 than they were a year before. Not only does this demonstrate that the yield of the 10-year Treasury Note is not pegged to mortgage interest rates, it also reveals that mortgage interest rates are not set by the Fed either.

Thanks to

Lisa Brown

Amerifirst Financial Inc.

Branch Manager

2151 E. Broadway Rd. Suite 210

Tempe, AZ  85282

602.680.8816 Cell

480.374.6982 Efax

lbrown@amerifirst.us

My website www.lbrown.amerifirst.us

 

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DC RANCH GRAYHAWK REAL ESTATE MORTGAGE NEWS

Thinking of buying in DC Ranch, Grayhawk or any other Scottsdale community?

Financing is a huge part of the process.

Submitting an offer for a property requires a pre-qualification letter so that”s always a good idea to get before you even search for property.  Many are keeping their cash and looking at financing their new home in DC Ranch and Grayhawk.  Check out mortgage rates.  Thanks to Lisa Brown with CNN Mortgage for the information

Lowest Rates of the Year

Early in the week, an agreement to raise the US debt ceiling was reached, avoiding a default on government debt, but investors found little time for relief. Concerns about debt problems in Europe and the slow pace of global economic growth sparked a large rally in US bond markets and a large decline in the stock market. Mortgage rates improved significantly during the week, ending at the lowest levels of the year.

This week”s bond market rally dropped mortgage rates back to levels last seen in November, which is not too surprising since the economic environment is now similar to that time period. The economic outlook is for below average economic growth with low inflation. Slower economic growth reduces inflationary pressures, which is favorable for bonds. In addition, the possibility that the debt problems in Europe will spread to larger countries such as Spain and Italy is causing casino online polska some investors to shift out of riskier assets and into relatively safer assets such as US government bonds.
Mortgage rates would have improved even more this week if Friday”s Employment report had not exceeded expectations. Against a consensus forecast of 85K, the economy added 117K jobs in July, and the data for May and June was revised higher by 56K. The Unemployment Rate unexpectedly declined to 9.1% from 9.2% in June. Average Hourly Earnings, a proxy for wage growth, increased at a 2.3% annual rate, which was higher than the consensus forecast. In short, the data solidly surpassed investor expectations in nearly every area.

 

Also Notable:

  • The June Core PCE inflation index was a tame 1.3% higher than one year ago
  • The Bank of Japan intervened to weaken the Japanese Yen
  • The Dow stock index dropped to the lowest level since March
  • Oil prices fell to $85 per barrel, the lowest level since February
mortgage rates1 DC RANCH GRAYHAWK REAL ESTATE MORTGAGE NEWS

Mortgage Update

Week Ahead

The biggest economic event next week will be Tuesday”s Fed meeting. Given the large stock market decline this week and the uncertainty about the economy, investors will be looking for indications on whether the Fed will provide additional monetary stimulus. The most significant economic data will be Friday”s Retail Sales report, as Retail Sales account for about 70% of economic activity. Beyond that, Productivity, the Trade Balance, and Consumer Sentiment will be released. In addition, the Treasury will auction $72 billion in 3-yr, 10-yr, and 30-yr securities on Tuesday, Wednesday, and Thursday.

To get more information and rates..

Lisa Brown

Branch Manager

2151 E. Broadway Rd. Suite 210

Tempe, AZ  85282

602.680.8816 Cell

480.374.6982 Efax

lbrown@amerifirst.us

My website www.lbrown.amerifirst.us