Mortgage refinance rates held steady for most loan terms as of the end of September, offering borrowers a stable but elevated environment for refinancing decisions. The average 30-year fixed refinance rate remained at 7.52%, while the 15-year fixed refinance rate stayed at 6.79%. Meanwhile, the 20-year rate increased slightly, rising to 7.44%. These consistent yet…
A new report from the Black Chamber of Arizona reveals that Black-owned businesses in the state made a significant contribution to the economy last year, generating $2.2 billion in sales and creating or supporting roughly 13,000 jobs. The analysis highlights the importance of minority entrepreneurship, showing that companies owned by Black entrepreneurs have had a…
Firefighters from across Minnesota gathered at the State Capitol on Sunday to honor their fallen comrades during the annual Minnesota Fallen Firefighters Memorial Service. The event recognized 247 firefighters who have died in the line of duty since 1881, including Dylan Roffers, the most recent addition to the memorial wall. Roffers, who served with the…
Arizona’s rental market shows slower rent growth, rising vacancies, strong demand, and shifting investor opportunities amid evolving economic and regulatory trends.
Economic updates show Arizona’s solid job growth, cooling inflation, and steady consumer confidence support cautious real estate investment opportunities.
Rising inflation is significantly increasing the cost of homeownership, making it harder for many Americans to purchase a home. Higher prices for goods and services, combined with elevated mortgage interest rates, are stretching household budgets thin. As a result, both first-time buyers and existing homeowners are finding it increasingly challenging to afford monthly payments, property…
Nestled on the border of Utah and Arizona, Lake Powell stands as a striking example of the region’s natural beauty, with its deep blue waters winding between dramatic red rock cliffs. This area has become a scenic destination for boaters, hikers, and outdoor enthusiasts, who are drawn to its unique landscape and recreational opportunities. Housing…
Mattamy Homes has secured approval to develop a large-scale housing community in Buckeye, Arizona, that will eventually include more than 500,000 homes. The company plans to build the new development across approximately 37,000 acres west of Phoenix, incorporating a mix of housing types alongside public parks, trails, schools, and commercial zones. The long-term project will…
Arizona’s real estate market shows stable prices, rising inventory, slower sales, and growing rental demand, offering both risks and opportunities.
Mortgage interest rates have shown slight movement, with the average 30-year fixed rate currently around 7.24%, reflecting a modest increase from earlier this month. Rates for 15-year fixed mortgages hover near 6.67%, while 30-year jumbo loans remain slightly lower at about 7.20%. Fluctuations in rates are influenced by broader economic indicators, including inflation data and…