August Round Up: Mortgage Rates Fluctuating

In Freddie Mac’s results of its Primary Mortgage Market Survey®, average fixed mortgage rates moved lower from the previous week as the Federal Reserve’s bond purchase program continues to drive market speculation. 30-year fixed-rate mortgage (FRM) averaged 4.51 percent with an average 0.7 point for the week ending August 29, 2013, down from last week when it averaged 4.58 percent. A year ago … [Read more...]

Where the Action is in Phoenix Housing Market

In the majority of areas we are seeing a lot more active listings compared with the recent past. In some segments of the market, the supply situation has eased up a lot. However there are always exceptions. In many of the luxury areas and in a few outlying locations, supply has fallen instead. The following ZIP codes have seen a reduction in active single family listings (excluding Under Contract) … [Read more...]