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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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Arizona Housing Prices

Arizona Real Estate Boom: Surging Home Prices Defy Economic Trends Amid High Demand and Limited Supply

Arizona’s real estate market has been experiencing a resurgence, with home prices climbing steadily despite broader economic concerns. A combination of limited housing inventory and continued demand from both in-state buyers and people relocating from higher-cost regions has led to upward pressure on prices. Cities like Phoenix and Tucson are seeing notable upticks, with some…

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Silver Prices Set to Swing This Week: Fed’s Inflation Decision Holds the Key for Metals and Arizona Real Estate Investors

Silver prices are expected to be highly influenced this week by the Federal Reserve’s upcoming decision regarding inflation. Market participants are watching closely for new data and commentary from the Fed, with the core PCE index likely to play a pivotal role in shaping expectations. If inflation remains persistent, it could prompt the Fed to…

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Arizona Home Sales

Tempe’s Luxury Living Revealed: Inside the City’s Most Expensive Homes and Growing High-End Market

A recent review of Tempe’s housing market has revealed the city’s most expensive homes currently for sale, with properties on the list featuring luxurious amenities and premier locations. The priciest listing is a lakeside estate on East La Vieve Lane, currently offered for just under $5 million. Other standout properties include a newly built custom…

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Arizona Housing Prices

Arizona’s Housing Crisis Deepens: Prices Surge as Affordability Wanes for Residents

A recent report highlights the ongoing housing affordability crisis in Arizona, where rapid population growth and limited housing supply continue to push home prices higher. The Arizona Housing Coalition found that many low- and moderate-income residents are increasingly priced out of the market, especially in areas like Maricopa County. Despite an increase in new construction…

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Mortgage Interest Rates

Unlocking Opportunities: Mortgage Rates Hit 3-Year Low — What Homebuyers and Investors Need to Know

Mortgage interest rates have recently dropped to their lowest point in three years, offering potential homebuyers and refinancers an unexpected opportunity. This decline comes as the Federal Reserve’s policies and concerns around slowing economic growth have impacted borrowing costs. For those looking to lock in a mortgage, experts advise acting quickly before rates rise again,…

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