Arizona Mortgage Consultant www.thegeorgeteam.com

I see so many customers go to Lending Tree to get a rate quote and "shop" for the best rate!  After taking a few Lending Tree leads, I realized that the best way to get the customers to commit is to be the lowest rate.  I hear the leads telling me that they have offers of 3.75% on a 30 year fixed...

Phoenix Property Shoppe - Peoria, Ariz. Residential Real Estate Market Report – July 1, 2010 to July 28, 2010 These are active listings, pending sales with contingencies, pending sales, and houses that have closed in Peoria, AZ. The following table includes how many short sales & REOs made up the...

Arizona - Are We At The Bottom - See For Yourself - I am asked pretty much every day where our market is at, and when and IF we are at the bottom of the Real Estate Market. See for yourself and make the determination. I am a "Buy and Hold" type, but didn't start out that way. I analyze data and i...

Strategic Default Vs. Strategic Short Sale And "Verifiable Hardships" The new "buzz phrase" in our industry is "Strategic Default".   Recently,  University of Arizona professor Brent White wrote an article dealing with the issue "Strategic Defaults".  In the article, he basically justified the id...

MBS prices are up +9/32 (FNMA 30-yr 4.0 at 102.18), which is about 20/32 higher than yesterday at this time. Favorable repricing was seen yesterday. The 30-yr fixed FNMA required net yield (60 day) is now at 4.02%, a new low, from 4.06% yesterday. Early investors may have priced at higher levels....

MBS prices are up +4/32 (FNMA 30-yr 4.0 at 102.07), above 9:45 et pricing of -5/32. MBS prices reached a high of +8/32, and favorable repricing was seen. Jobless Claims came in close to expectations. Demand was weaker than average for the 7-yr Treasury auction. The bid-to-cover ratio was 2.78, an...

MBS prices are up +8/32 (FNMA 30-yr 4.0 at 102.03), above 9:45 et pricing of +2/32, and at the high for the day. Strong Treasury auction results provided a boost to MBS markets. Durable Orders fell short of expectations. The Fed's Beige Book painted a picture of slow economic growth in most regio...

MBS prices are up +2/32 (FNMA 30-yr 4.0 at 101.29), which is about 4/32 higher than yesterday at this time. The 30-yr fixed FNMA required net yield (60 day) is now at 4.08%, from 4.11% yesterday.       June Durable Orders declined -1.0% from May, below the consensus forecast for an increase of 1....