Comments on: Arizona Mortgage Rates December 26 2008

By: Justin McHood

Justin McHood — Tue, 30 Dec 2008 17:55:38 +0000

@Dylan,

Thanks for the comment!

Great advice. We have been advising people to “look ‘em if you have ‘em” because interest rates are great right now and we don’t know for sure how long they will stay that way. Will they go lower? Maybe. Will they go higher? Maybe. Our un-official opinion is that they may head slightly lower for a period of time, but in the long run are probably headed higher. The only question is “does the long run start tomorrow or in a year?” That part, we don’t know.

By: Dylan in Bend

Dylan in Bend — Tue, 30 Dec 2008 16:03:23 +0000

Interest rates are awesome right now. If you have the means to lock in a 30 year fixed rate loan, then do it! We’re seeing great deals in Bend, and they look even better with rates as low as they are.

By: Justin McHood

Justin McHood — Mon, 29 Dec 2008 22:45:56 +0000

@Sean, we haven’t seen any of our “main” lender doing this – but anything is possible. The rules for investors seem to be changing on a regular (sometimes daily) basis. We will keep everyone posted if we see this happen in a big way.

@Ryan, agreed! With supply still at a very high level, we are seeing many “great deals” where sellers are paying closing costs *and* fire-sale prices… and as an added bonus, rates are low.

By: Ryan Philipenko

Ryan Philipenko — Mon, 29 Dec 2008 12:52:42 +0000

Rates are going lower and lower, pretty good time to be a buyer everywhere.

Ryan Philipenko – Edmonton Real Estate Agent

By: Sean Terry

Sean Terry — Mon, 29 Dec 2008 07:17:27 +0000

Thanks for the update, I think the lowest investor rate I have seen is hovering around 6.25%, that;s pretty good for a 30 year fixed. One of our brokers on Friday said that their main lender stopped lending to out of state investors….Have you run across this yet?