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Today’s 15- and 30-year mortgage interest rates remain unchanged at 5.88% and 6.50%, respectively

By: The median interest rate on a 30-year fixed-rate mortgage is 6.50% as of October 15, which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.88%, which is also unchanged from yesterday. Mortgage rates have risen recently, a level that economists expect will hold through the end of the…

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Arizona budget analysts aren’t forecasting more deficits, but school funding is less clear

Legislative budget analysts predicted a $2 billion budget deficit for Arizona’s current fiscal year, leading to spending cuts.New projections show that deficit will likely not be happening again for the coming year. Analysts say the cuts initiated this year are unlikely to be restored.Current revenue are about $425 million higher than initially projected, however only…

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