The MBA mortgage applications index fell 10.7% to 595.8% for the week ending December 18. Both the purchase and refinance indexes fell last week, 11.6% and 10.1% respectively. Recent declines in application activity suggest weaker home sales, however, November existing home sales suggest otherwise. While downside risks in the form of rising foreclosures remain, economists expect [...]
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Nextage Realty Professionals
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The Wall Street Journal recently ran a couple of articles on the unforseen impacts that short sales can have on homeowners who use short sales to avoid foreclosure. Many Prescott and Prescott Valley homeowners facing foreclosure are under the impression that there are no consequences when the bank “agrees’ to a short sale. Sadly, this is not [...]  Posted by Jerry Cecil  May 8, 2009, 6:57 amFrom Tom Henichek, a local loan officer at Mountain Mortgage
Tom Henichek Thinking of buying a home in the Prescott, Arizona area? Perhaps one of the foreclosed or REO homes?
Now is the time [...] Posted by Jerry Cecil April 15, 2009, 3:33 pmFrom Tom Henichek, a local loan officer at Mountain Mortgage
Tom Henichek On Wednesday, the Federal Reserve agreed to purchase a large amount of mortgage securities since investors are sitting on the sidelines and not actively participating in these securities.
Posted by Jerry Cecil March 19, 2009, 2:20 pmFrom Tom Henichek, a local loan officer at Mountain Mortgage Tom Henichek Many of you are familiar with the $7,500 tax credit if you purchased a home after April 8, 2008 and before July 1, 2009. Essentially, the government has given you an interest free loan for purchasing [...] Posted by Jerry Cecil March 5, 2009, 11:27 am |
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