By: Rates dropped from 7.22% to 7.09% for 30-year mortgages. (iStock) Mortgage rates have steadily been rising over the last few weeks, but rates have finally started to dip. Rates for 30-year fixed-rate mortgages averaged 7.09% as of May 9th, Freddie Mac reported. This is a decent drop from last week when rates averaged 7.22%….
Memorial Day weekend changes things. The calendar claims that weeks of spring still remain on the books. But for all intents and purposes, it’s hello, summer. The holiday also provides a chance to get out of town for a wonderful stretch. While backyard barbecues and pool parties are great, there’s a whole lot of Arizona just…
PHOENIX – Anticipating smoky conditions from a prescribed fire, officials plan to close a section of State Route 87 in northern Arizona on Friday. The closure will cover both directions of SR 87 between State Route 260 and Lake Mary Road, a 12-mile stretch north of Payson, starting at 6 a.m. Detour options include SR…
By: Fed will cut interest rates because of its political ‘value system’: Joseph Wang. Posted: May 9, 2024 | Last updated: May 9, 2024. Bianco Research … See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
Unemployment claims rose unexpectedly, signaling weakening labor market. This news caused US Dollar to drop and rate cut expectations to rise. The number of individuals filing for unemployment benefits soared more than predicted last week, suggesting emerging weaknesses in the labor market. Jobless claims rose from 209,000 to 231,000 for the week that ended on…
A day filled with talk about Arizona’s space ecosystem definitely had our guest columnist taking stock in what is happening within our borders. Would you be surprised if I told you Arizona is first in the United States for space vehicle and guided missile manufacturing and second for employment in those areas? And would you…
At both the federal and state levels, elected leaders are paying more attention to national security threats stemming from Chinese-owned real estate in the United States.REF The totality of Chinese-owned real estate in the United States remains unknown and, under current law, is unknowable. For agricultural land, Chinese-owned acreage reportedly only constitutes a small share…
By: … interest rates. This helped BCHA navigate a complicated closing process … Arizona, and California. TAGS; affordable housing · Colorado · Deal Boom … See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
During recent budget discussions for fiscal year 2025, city of Tucson staff alerted the Tucson City Council of falling revenue despite the city’s growing economy. To cut costs, the city … See the full article on Arizona residential development, or, read more Arizona real estate investing news. Feel free to share our site with your…
The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months, further evidence that the labor market was cooling. The weekly … The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months,…