Notes and Opinions from one of Arizona's Most Trusted Loan Teams

All indicatioins are that rates will not rise significantly this year as was predicted earlier. Continued lackluster performance of the economy, along with other factors have kept mortgage rates very low. Even in Arizona, where there is a small premium, we are currently quoting rates in the 4's for well-qualified borrowers, and down into the 3's on some shorter term loans.

If you are buying, this is a great thing to have going along with today's very low prices. Home affordability is much better than it's been in many years.

Those lower values can make it harder to refinance, but it's worth looking into if you have a rate over 5.5%. If you have questions, give us a call.