Arizona
Mortgage Rates;
Arizona remains one of the most attractive states for people to move into. Both single family homes and condos are proving very popular. So although the housing market has been tough in recent months, there is still growth in some areas.
The huge growth that Arizona was experiencing over the last few years has definitely slowed down and there are real bargains for buyers.
The Arizona economy remains string with forecasts of low unemployment and low mortgage rates. Currently, there is an oversupply of new homes in Arizona and builders are offering fantastic bargains as they try and offload their stock. This is a great time to buy a home or even to look at property as an investment.
Below are an example of rates.
For loans up to $417,000
30 Yr Fixed : rates from 5.125% to 6.25%
15 yr Fixed : rates from 4.625% to 5.875%
1 Yr ARM : rates from 0.5% to 6.75%
3/1 ARM : rates from 4.75% to 6.25%
5/1 ARM : rates from 3.25% to 6.25%
For loans above $417,000
30 Yr Fixed Jumbo : rates from 5.75% to 6.625%
15 Yr Fixed Jumbo : rates from 5.375% to 6.5%
1 Yr Jumbo : rates from 0.5% to 5.5%
3/1 ARM Jumbo : rates from 5.25% to 6.125%
5/1 ARM Jumbo : rates from 3.25% to 6.375%
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Looking for a mortgage in one of Arizona's major cities? Click any of the cities below for more mortgage information.
Major Arizona
Cities;
Flagstaff
Glendale
Phoenix
Scottsdale
Tempe
Tuscon
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