Sedona Real Estate & Verde Valley Real Estate

I know it has been a long time since I have written a market update, or a newsletter for that matter!  Truth be told, Ken and I have been absolutely inundated with foreclosure/REO listings and sales.... And since, nearly ALL REO business is done on-line, we have literally eaten nearly every meal in front of the computer screen for the last 12 ...

Mortgage Market Weekly: (August 13, 2009)   Edition 111In This Week's "Good News":Home Purchase Activity Pointing toward RecoveryAlthough rising interest rates contributed to a declining Mortgage Bankers Association Market Composite Index (MCI) for the week ended Aug. 7, when compared with the previous week -- continued ...

Wow-  What a busy couple of months, especially in comparison to what we have seen over the last several quarters.  Sales during the second    quarter  were up 80% over the first quarter of this year-  and that makes for a very healthy bounce off the bottom!  Still, this HUGE jump in activity is not  ...

(Edition April 30, 2009) Vol. 97  In This Week's "Good News":2009 Refinance Numbers Show Homeowner Savings of at least 2.5b over the Coming YearAccording to Freddie Mac, refinance numbers for the first quarter of 2009, show that half of borrowers who refinanced their loan lowered their annual mortgage interest rate by at least ...

(Edition April 22, 2009) Vol. 96  In This Week's "Good News":97% Mortgage Financing is Back - Seller Can Contribute the 3%Yes, that is right.  Some investors are allowing 97 percent financing again for the purpose of purchasing a home and for rate and term refinances. For the purpose of purchasing, the Seller can once ...

  (Edition April 15, 2009) Vol. 95  In This Week's "Good News":Federal Reserve Continues to Buy Fannie/Freddie Debt - Good for Interest RatesThe Federal Reserve continued its latest policy of purchasing Fannie Mae, Freddie Mac and Federal Home Loan Bank's debt this week.The Fed on Monday purchased $5.15 billion of ...

  (Edition April 8, 2009) Vol. 94  In This Week's "Good News":FNMA Releases New Refinance Program Up to 105% - Without Mortgage Insurance As part of the new "Homeowner Affordability and Stability Plan" recently rolled out by the government, Fannie Mae has just made public that they are offering refinances of 1 - ...

In This Week's "Good News": Home Prices and New Home Sales Up For JanuaryAlthough it is not overwhelmingly good news, it is a step in the right direction.According to FHFA (Federal Housing Finance Agency), U.S. home prices climbed 1.7 percent on a seasonally adjusted basis from December to January.The East North Central region posted ...

Mortgage Market Weekly:  (Edition March 18, 2009) Vol. 91 In This Week's "Good News":Mortgage Rates Dropping SignificantlyJust in (today) -- Mortgage Backed Securities (MBS) are moving aggressively down in coupon after the FOMC (Federal Open Market Committee - the monetary policymaking body of the Federal Reserve) announced ...

Mortgage Market Weekly:  (Edition March 11, 2009) Vol. 90 In This Week's "Good News":New Czar for Regulation of Financial Products? Tuesday of this week, Senator Richard Durbin was joined by lawmakers from both the Senate and the House, in introducing proposed legislation that would create a Financial Product Safety ...