Will the Phoenix housing market lose more affordability in 2017?

Affordability and the Phoenix Housing Market Some industry experts are saying that the housing market may be heading for a slowdown in 2017 based on rising home prices and a jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors […]

Real Estate Wednesday! Mortgage rates are doing what?

Real Estate Wednesday! Mortgage rates are doing what? It’s been an intergalactic planetary week, and just like the Beastie Boys are known to let the beat… MMM drop, so have interest rates. The average rate on these 30-year mortgages has been declining fairly rapidly. It averaged 3.81% on Monday and 3.94% for last week, ended Jan. 2. […]