Mortgage Interest Rates

Steady Waters: Mortgage Rates Hold Near 7% Amid Evolving Economic Signals

Mortgage interest rates have remained relatively stable this week, following a period of sharp fluctuations earlier this year. As of today, the average rate for a 30-year fixed mortgage holds steady just above 7%, while 15-year fixed rates are slightly lower, hovering around 6.5%. Market watchers are closely monitoring inflation data and Federal Reserve signals…

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South Korea’s Inflation Cools in May: What This Means for Global Markets and Arizona Real Estate Investors

**South Korea’s Inflation Slows in May** South Korea saw its inflation rate slow in May, for the first time in three months. According to data from Statistics Korea, consumer prices rose 2.7 percent on-year in May, compared with a 2.9 percent increase in April. Core inflation, which excludes volatile food and energy prices, also rose…

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Arizona Home Sales

New Home Sales Surge in the U.S. Amid Rising Confidence and Limited Resale Options

New home sales in the United States posted a notable increase, reflecting growing confidence among buyers despite higher mortgage rates and affordability challenges. The latest figures show that lower inventory in the resale market is pushing more people toward new construction homes, and homebuilders are responding by offering incentives and discounts to attract buyers. Analysts…

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Arizona Housing Prices

Frustration Mounts as Phoenix Home Raffle Participants Denied Refunds After Auction Collapses

Hundreds of people who bought tickets for a Phoenix home raffle are expressing frustration after learning they will not be receiving refunds. The raffle, organized by a company called United Way Sweepstakes, promised participants the chance to win a multimillion-dollar home. However, after failing to sell the required number of tickets, the raffle was abruptly…

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Mortgage Interest Rates

Mortgage Rates Held Steady as 30-Year Fix Remains at 7.60%, While 15-Year Rises Slightly Amid Persistent Inflation Concerns

Mortgage rates showed mixed movement as of September 22, with 30-year fixed-rate mortgages holding steady at 7.60%, marking no change from the previous day. However, 15-year fixed-rate mortgages rose slightly to 6.81%, up by 7 basis points. These increases come as the Federal Reserve signaled a more prolonged period of elevated interest rates to combat…

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Arizona Home Sales

Pinnacle West Capital: Seizing the “Buy the Dip” Opportunity Amid Arizona’s Growth and Stable Dividends

Pinnacle West Capital, primarily known as the parent company of Arizona Public Service, has recently seen its stock price experience a notable dip. Despite concerns over regulatory challenges and short-term headwinds, the company’s steady dividend yield and long-term growth potential make it an intriguing opportunity for income-focused investors. The region’s expanding population and ongoing economic…

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