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Yolanda & Brian Gallegos FHA, VA, USDA, HUD, Conventional, Jumbo and Investor Mortgage Loans in Arizona and California. Get pre-qualified for a home loan is easy with the Gallegos Team. Home Purchases, Refinance, Cashout, We are the Arizona and California Mortgage experts.



Last week was another volatile week for mortgage rates. Wall Street alternately sought risk and shunned it, causing mortgage-backed bonds to rise and fall rapidly. There was a lot to move markets, too, including banking concerns across Europe, inflation figures within the U.S., and a public speec...
CNNMoney recently released its Best Places To Live 2011 list. The annual survey is based on data from Onboard Informatics. Using Quality of Life factors such as education, crime and "town spirit", and focusing on towns with between 8,500 and 50,000 residents, the CNNMoney survey ranks the country...
Last week, at its 5th scheduled meeting of the year, the Federal Open Market Committee voted to leave the Fed Funds Rate in its target range near zero percent. The Fed Funds Rate has been near zero percent since December 2008 and, in its official statement, the FOMC pledged to leave the Fed Funds...
  Foreclosure activity continues to slow. According to RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings nationwide fell 35 percent as compared to July 2010, a statistic suggesting that the housing market continues to improve. "Foreclosure filing" is a catch-all ...
Mortgage rates continue drifting downward in Arizona, despite -- or because of -- a ratings downgrade on long-term U.S. government debt. Standard & Poors issued a single-notch downgrade after Friday's market close, from AAA to AA+. Of the roughly $9.4 billion in publicly-held U.S. debt, 72 percen...
Mortgage markets were especially volatile last week, taking rate shoppers in Arizona on a roller-coaster ride. The week's news schedule was full. It included debt ceiling debates, jobs figures, and ongoing maneuverings within the Eurozone. Each story a material impact on mortgage rates and, as a ...
  Mortgage rates in Arizona plunged to new 2011 lows this week.  According to Freddie Mac's weekly Primary Mortgage Market Survey, the national, average 30-year fixed rate mortgage fell to 4.39% this week -- the lowest 30-year fixed reading since November 18, 2010. The 0.16 drop from last week is...
  Home sales have heated up, according to the National Association of REALTORS®. More homes are going under contract this summer in Arizona than went during the winter or spring seasons. Many of these homes are scheduled for late-August/early-September closings.  If your home is among them, plan ...
At 8:30 AM ET Friday, the Bureau of Labor Statistics will release the July 2011 Non-Farm Payrolls report. Mark it in your calendar. If you've been watching mortgage rates fall to new all-time lows this week and fear a mortgage rate reversal, Friday could be the day. The monthly Non-Farm Payrolls...
Mortgage markets improved last week as the U.S. debt ceiling debate continued on Capitol Hill. Bonds traded in a range Monday through Thursday before breaking higher Friday morning. 30-year fixed conforming mortgage rates improved in Arizona last week, falling to levels just north the product's a...

Brian and Yolanda Gallegos

Licensed Loan Officer- FHA/VA, HECM
smartphone(602) 692-4993
local_phone(480) 289-7608
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