What’s Ahead For Mortgage Rates This Week – July 28, 2014

Last week's economic news brought several housing-related reports, which indicated varying results in terms of gauging the economic recovery. FHFA reported slower growth of home prices associated with Fannie Mae and Freddie Mac mortgages, but sales of existing homes as reported by the National Association of REALTORS® surpassed expectations and May's reading. Sales of new homes slumped to their lowest level in three months. Weekly jobless claims were lower than expected and also lower than for the prior week. FHFA Home Prices Grow at Slower Rate, Existing Home Sales Higher than Expected  The Federal Housing … [Read more...]

The 7 Most Unaffordable Cities for Real Estate in the USA (And 3 Affordable Gems!)

As prices continue to rise across the board with everything from food to gas, it's no wonder that real estate prices are high in many cities across the USA. While this is the case for a large number of cities, there are also certain areas in which prices are decidedly low. Here's a small look at the most affordable and unaffordable cities within America. The Seven Most Unaffordable Cities Oakland, CA - Though Los Angeles and San Francisco are 2 California cities that may first come to mind, Oakland is also highly expensive when it comes to real estate, with a median home value of nearly $450,000, which is over 100 … [Read more...]

HUD Home For Sale in Paradise Parkway, Mesa 85203

3 bedroom home in Paradise Parway Mesa 85203

3 Bedroom with 2 bath home  located in Paradise Parkway Community  in Mesa.  The house has an easy access to  Main Street and Stapley Rd.. The property  is situated on a  big lot and has fenced  back yard. Living area, according to the appraiser is 1369 Sq Ft.  The home was built in 1956 and has one car port, fireplace in living room, inside laundry.  This property lies  within  boundaries of  Hawthorne  Elementary, Poston Jr. High and Mountain View High Schools … [Read more...]

HUD Home in Woodglen Community Mesa 85210

2 bedroom condo in woodglen community mesa 85210

       HUD Home For Sale in Woodglen Community. Price Reduced!!! A cute 828 square foot home in the gorgeous neighborhood of Woodglen Square. Located on the first floor of the complex building number 4, near community swimming pool and spa. Tile in the dining room and kitchen. Huge closet in the master bedroom. Private patio, assigned parking, insight unit laundry. Wood counter tops. Fireplace in family room. Ceiling fans in living room and every bedroom. Community located close to Western Canal, restaurants, and shopping.  Price was recently reduced.Obtain current pricing and schedule showing by calling  … [Read more...]

Can One Missed Mortgage Payment Affect Your Credit Rating? Yes! Here’s What to Do if You Miss One

Most people don't know whether or not a single missed mortgage payment can have serious consequences for their credit score. The good news is that there are things that can be done to mitigate the damage and help anyone who has missed a payment repair their credit. What are some options to help homeowners get back in the good graces of their creditors? Own Up To The Mistake The best thing to do is to admit that the payment was missed and immediately make amends for it. For the most part, mortgage lenders are sympathetic to the fact that people miss payments for reasons that may be beyond their control. By calling the … [Read more...]

National Association of REALTORS Existing Home Sales Exceed Projections

According to the National Association of REALTORS®, existing home sales surpassed both May sales and expectations for June. Sales of previously owned homes increased by 2.60 percent in June and reached a seasonally adjusted annual level of 5.04 million sales. June's reading was the third consecutive monthly increase in sales of existing homes and was the highest reading for existing home sales in eight months. Existing home sales remain 2.30 percent below the June 2013 reading of 5.16 million sales of existing homes. Analysts projected sales of 5 million existing homes for June against May's initial reading of … [Read more...]

Is Now the Time to Consider a 15-Year Mortgage? Five Reasons to Give the 15Y Another Look

A 15-year fixed mortgage is, as its name suggests, a mortgage that's paid off after 15 years. Since it amortizes fully, after that amount of time you won't have to pay anything else. This type of mortgage has a lot of benefits, and below we'll share just a few of them. 1) No Need For Payments After Retirement Here it highly depends on when in life you choose to take on the mortgage. However, most people decide to take on a mortgage at around 30 years of age. If this is the case for you, then it means you'll be 45 years old when your mortgage will be fully paid. There will be no need to worry about having to use Social … [Read more...]

What’s Ahead For Mortgage Rates This Week – July 21, 2014

Last week's economic news offered a variety of indications that the economic recovery continues, but some readings missed their expected levels. The Philadelphia and New York branches of the Federal Reserve Bank reported higher than anticipated manufacturing for their respective regions and new jobless claims were lower than expected. Fed Chair's Senate Testimony Hints at Coming Interest Rate Hike Federal Reserve Chair Janet Yellen testified that the Fed might have to raise interest rates sooner than expected if the economy continues to outperform the Fed's projections. Ms. Yellen said that the central bank presently … [Read more...]

Buying a House or Condo? Why the Home Inspection Process is One You Won’t Want to Skimp On

Once you have found that perfect home with the right price and every little feature you were hoping for, it's important to keep in mind that the home has been presented in a way that accentuates its highlights and shadows any flaws. For this reason, it is crucial that you get a home inspection before completing a purchase. Many sellers also have inspectors investigate the home in order to determine its sale value. As such, they should be aware that a prospective buyer will want to request an independent inspection to verify the findings. Reasons For Home Inspections If you are the one purchasing the home, getting an … [Read more...]

HUD Home at Roeser Place, Phoenix, AZ 85040

1506 E Chambers St

3 Bedroom, 2 Bathroom, 1471 Sq. Ft. HUD home at Roeser Place offered at $132,000. Conveniently located close to South Mountain High School and John F Kennedy Elementary School with quick access to I-10, I-17, SR-143 (Hohokam Expressway) and US 60. Nearest attractions are The Legacy Golf Resort, Raven Golf Club, Arizona Mills Mall, Hermosa Park and South Mountain hiking trails. Obtain current pricing and schedule your showing by calling American Allstar Realty at 480-751-5300 or email info@findazhomes.net. … [Read more...]