Mortgage Rates Lowest of 2011

May 9, 2011

A lot has happened since last weeks update: Rates are at the lowest level of 2011.   I can get a rate of 4.625 on a 30 year with no origination fee or discount fee, a 15 year a 3.75% with no origination fee or discount fee. Where are we going from here?  Starting June 1st […]

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Phoenix Mortgage Rate Update

April 26, 2011

Mortgage rates are holding. However, I would expect this week to be a very telling week for rate outlook.  There is a fed meeting on Wednesday where Bernanke will be stating what is happening with the QE2 which is scheduled to be over here.   Many people believe this will have a big impact on the […]

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New Government changes affect mortgage rates and costs

April 19, 2011

There have been some government changes in the industry this month – and not all good for you the consumer. FHA Monthly Mortgage Insurance premiums are going up .25%. This means about an extra $20 a month for every 100K you borrower.   That means less people will be able to qualify for underwriting and you […]

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Arizona Mortgage Rates Recap

March 25, 2011

Rates are holding pretty well this week. they are up from last week, but still competitive. 4.625 is about par and 4.875% is paying almost 2 points back on a 30 year fixed. if you don’t know what it means when I say “paying back” you need to call me – i will help explain […]

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The Japan Earthquake, Libya and Mortgage Rates

March 22, 2011

Rates have been very volatile.  They were on a slow steady incline until we ran into the issues with Egypt, Japan and Libya, then they came back down again.   Right now they are slowly going up again.  As always, we are at the mercy of the market.  As the stock market stabilizes and Japan gets […]

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Arizona Mortgage Rates in 2011

January 19, 2011

2011 has started off as 2010 ended – volatile. Rates have continued to rise, but don’t get me wrong, rates are still good, just not as good as they were in 2010.  I don’t expect them to return to those 2010 levels.  We expect that rates will continue to rise as the year progresses on […]

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The news has reported that mortgage hit new lows….is that really true?

November 12, 2010

This Nov the fed started their quantive easing strategy. Simply put Quanative easing is when the fed buys treasuries to try and help lower interest rates.  When this started the news started reporting that mortgage rates have hit new lows again.  Without a doubt mortgage rates remain near historic lows with par pricing on a […]

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Thinking of Walking Away from your Home with a Strategic Default? What you Must Know Before you Make that Decision

October 4, 2010

Everyone is well aware that we are in historic times for mortgages. From rates being so low to values being so low.  The problem facing many homeowners today is the fact that a home you bought in recent years is now worth significantly less than you paid for it.  You are upside down on equity.  […]

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Fall Mortgage Rates on the Move

September 27, 2010

Rates have remained low because of the unsettled state of the economy. The concern being are we going to double dip in a recession?  Most economists now feel that we will not double dip, but stay at this very low rate of growth.  What does that mean for you and mortgage rates…..we should stay bouncing […]

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July Mortgage Rates Explode

July 9, 2010

Well just when we thought mortgage rates couldn’t go any lower……….they do!!! Depending on your loan amount you could possibly do a 30 Year fixed with no points or origination fee at 4.375% and a 15 year at 3.875%! What you ask is driving down rates so much? In one word, uncertainty. The global economics […]

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How to avoid paying 44K in interest

May 20, 2010

Mortgage rates have taken a dramatic step for the better! What is the world is happening? Rates are even LOWER today as investors are all over the place. The stock market is being hit hard today and that is because of all the instability in the market. As we have been talking about for weeks, […]

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Rates are Back Near Historic Lows

May 14, 2010

It is time to take advantage of what investors have given us. We are back near the historic low pricing. How long will they last? We will need to watch for next weeks news on whether or not there has been an signs of inflation. If there are it is most likely that rates will […]

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The May Twister

May 6, 2010

The market has its biggest one day swing in history. As we spoke about before “Greece” is the word. The Greece debt problems cause panic on the market today. With Greece’s debt problems come problems with the Euro and the world economic recovery. With this concern looming over the market people sought the security of […]

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The Home Buyer’s Tax Credit Has Gone … What Comes Next?

April 29, 2010

Are current mortgage rates an un-expected gift? Most experts predicted that mortgages rates would go up when the Fed stopped buying Mortgage Backed Securities in April, but rates have not increased. Why? The biggest reason there has not been the forecasted increase in rates has been the uncertainty of the European financial market, specifically, Greece […]

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Mortgage Fraud Case Causes Rates to Fall Quickly

April 22, 2010
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Arizona Mortgage Rates Rally! But for How Long?

April 12, 2010

Interest Rates have rallied today, but we have no idea for how long, so it would be a good day to call your broker to get a good rate!

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Is this the End of Low Mortgage Rates in Phoenix?

April 6, 2010

Notes on today’s market update: Rates up.  The fed stopped purchasing and we dropped 141 basis points.   We should expect more instability and then stability in the market due to 2 reasons.  1) there will be an auction of long term t bills tomorrow and thursday and 2) the fed may start to sell what […]

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Jobs Numbers Expected to Be Good-What Does that Mean for Mortgage Rates?

March 29, 2010

Some of the high points of today’s market update include: March in like a lamb – out like a lion! Job numbers come out on Friday, and they are expected at this point to be good. That should mean that stock market will rise and the mortgage bond market drop. Rates have already climbed up […]

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Phoenix Mortgage Professional Mike Goblet Shares Daily Market Insight

March 25, 2010

Arizona mortgage professional Mike Goblet shares daily rate updates and the impact of economic events on your mortgage.

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$8000 First Time Tax Credit to End for Arizona Home Buyers

September 2, 2009

If you have been thinking about taking advantage the government’s $8000 First-time Homebuyer tax credit, you are quickly running out of time. In order to qualify for the tax credit, the purchase needs to be completed by November 30, 2009. Several things have made this date be a lot closer than you think. The Phoenix […]

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