Thursday, March 25, 2010
Wednesday, March 24, 2010
Higher Interest Rates Forseen In Late Spring
As the Federal Reserve stops buying mortgage-backed securities it is expected that the interest rates to climb. The Fed committed about 18 months ago to purchase $1.25 trillion in Fannie Mae and Freddie Mac securities, a move intended at keeping liquidity flowing so rates would stay low and Fannie and Freddie would continue buying conforming loans. However, the Fed's commitment ends March 31 and while the full impact won't be known for several months, it's almost certain to cause rates to increase.
This is once again another reason for Homebuyers to take advantage of the historic rates being offered. If you need a referral for a fantastic knowledgable lender call us at 480.861.9142.
AZ Professional Realty has wholesale homes located all over the valley. Email us to get a list sent to you. admin@azprofessionalrealty.com
Saturday, March 20, 2010
Tuesday, March 16, 2010
Attention Homebuyers! The Time to Act is NOW!
The time to act in now because... over the next 45 days two key government programs that have kept home ownership more affordable than ever are winding down to their already extended deadline dates.
First, the Federal Reserve's Mortgage Backed Securities (MBS) purchase program will come to an end on March 31st!! Without this program home loan rates could have been at least 1% higher... and potentially even higher...over the last year.
Second, major item to effect home buying will come on April 30th, which is the deadline for purchasers to get under contract to qualify for the Home Buyer Tax Credit program, which has been providing a tax credit of up to $8,000 to first time homebuyers and up to $6,500 to a repeat home purchaser.
Don't let this be a costly decision to stand on the sidelines. If you are in the market to buy... now is the time to act!
Monday, March 8, 2010
Welcome to AZ Professional Realty Blog!
The "AZ Professional Realty Blog" will be an excellent resource for what's happening in today's residential, commercial and investment real estate industry. Our company firmly believes that not only do you need this information on a broad scale but even more importantly for your specific real estate sub-markets. AZ Professional Realty can deliver this accurate and pertinent information to all our blog readers. It is our goal to be consistent in providing this information and we look forward to your hearing your thoughts, comments and questions regarding the current real estate market trends. AZ Professional Realty is a multi-faceted organization offering multiple services. To learn more about us, please visit our website www.azprofessionalrealty.com
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