Phil DePasquale's (sedonarrealtor) Blog

Mortgage Rate Trends: The Week's National* Conforming Loan Averages (BankRate avg.): 30 year fixed: 5.09%Down 15 year fixed: 4.81%Up 5/1 ARM: 4.78% Down 30 year Jumbo: 6.46% Down 5/1 Jumbo ARM: 5.34%Down FHA and VA 30 year fixed rate loans have seen a rise this week- expect note rates to be in th...

 In a plan just unveiled, the Treasury Department said it will remove up to $1 trillion in bad residential loans and toxic private-label mortgage-backed securities from the balance sheets of many financial institutions to jump start lending and revive the economy.The plan will work like this: Fed...

 The U.S. district court, at the request of the Federal Trade Commission, has ordered two loan modification companies to stop falsely advertising that they're affiliated with the foreclosure prevention alliance "Hope Now". The two companies in question, "Hope Now Modifications" and "New Hope Modi...

Although it is not overwhelmingly good news, it is a step in the right direction. According to FHFA (Federal Housing Finance Agency), U.S. home prices climbed 1.7 percent on a seasonally adjusted basis from December to January. The East North Central region posted the greatest increase, experienc...

Fully rented - annually leased units @ $700 per month. Well maintained property on propane, septic and well. Built in 1998. Each unit has attached garage with additional parking. Great access to shopping, Sedona, Cottonwood, and I-17. Stable rents with plenty of room for parking and expansion. Ea...

According to a survey just released by the Treasury Department, mortgage loanorigination volume jumped in January among some of the largest banking institutions that have received and are receiving TARP Funds (Troubled Asset Relief Program). The survey, which covered the top 21 recipients of gove...

Just in (today) -- Mortgage Backed Securities (MBS) are moving aggressively down in coupon after the FOMC (Federal Open Market Committee - the monetary policymaking body of the Federal Reserve) announced they will outlay an additional $750 billion for Agency (Fannie/Freddie) MBS and that they wil...

High above West Sedona with panoramic views. Southwest Style Home, easy landscaping. rear decks, spa and hiking trails across the street. Oversized garage and Cat 5 wiring.  This 3/2 has been gently used as a vacation rental.  In beautiful, upscale neighborhood on dead-end street.  Lowest priced...

 According to the Chadds Ford, Pennslyvania-based Phoenix Management's Lending Climate in America survey, most lenders believe the Troubled Asset Relief Program (TARP) will have no more than a modest impact on their lending practices and cited the reduction in purchasing power as the most importa...

The price tag for the economic stimulus package Congress is developing got a $19 billion bump Wednesday when the Senate approved doubling the housing tax credit to $15,000 and expanding it to include all homebuyers, not just those buying their first home.    The proposal would create a credit wor...