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Thursday, October 31, 2013

One Good Reason To Buy Now In Phoenix Scottsdale - Mortgage Rates Drop Again

One Good Reason To Buy Now In Phoenix Scottsdale - Mortgage Rates Drop Again

Amid our sales data for our Phoenix Scottsdale real estate market, mortgage rates dropped for the second straight week.

Rates on 30-year fixed-rate mortgages with 20% down are about 4.375% (APR 4.6%) this week ending Oct. 31, down from last week but up about 3.4% from a year ago.

Rates on 15-year fixed-rate mortgages with 20% down are about 3.375% (APR 3.831%) and five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans also decreased to about 3.375% (APR 3.462%), same for jumbo rates at 3.250% (APR 3.464%). 

The expectation are for rates to remain perhaps stable for now but surely to increase in the future.

Buyers should really consider purchasing now as the total Phoenix Scottsdale real estate market has somewhat softened with outstanding deals in the luxury market ($800,000+) with a great inventory of jumbo loan ($417,000+) products to choose from. 

Read my previous blog about 10 Ways To Buy Your Luxury Home lhttp://phoenixscottsdalerealestate.blogspot.com/2013/10/10-ways-to-buy-now-your-arizona-luxury.html

The better way to search for Phoenix Scottsdale Real Estate with real live data from the market, without being spied on and tracked by the big and less reliable consumer sites, go to my web site 24/7 here at http://goo.gl/JfB9y

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

One Good Reason To Buy Now In Phoenix Scottsdale - Mortgage Rates Drop Again