The Monaghan Group
Some thoughts on Arizona real estate from one agents perspective
ARCHIVED BLOG POSTS
2008
Arizona Attorney General Terry Goddard and the attorneys general of nine other states are asking 16 mortgage lenders to adopt streamlined mortgage modification programs to help ease the wave of foreclosures and bad loans. The states cite protocols set up by Countrywide Financial after its merger ...
10/11/2008
2
Comments
Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 5.94 percent this week, down from 6.1 percent last week. That marks the first decline since rates fell on Sept. 18 to 5.78 percent, a seven-month low. With the financial markets in turmoil, mortgage rates have fluctuated dr...
10/11/2008
7
Comments
I have noticed a disturbing trend over the past month or so, Since the DPA programs went away I'm now seeing more and more offers requesting (demanding) 6% towards buyers closing costs? My question is why the change all of a sudden, did loan costs jump dramatically in the past month have interest...
10/11/2008
Even though the current market has caused Interest rates to decrease in the last week, the rate is still higher than it was the beginning of 2008! January 24, 2008: 5.48% October 13, 2008: 5.94% Let's look at the effect of interest rate hikes and home price declines an...
10/11/2008
30-Day Market Snapshot as of 10/11/2008(from ARMLS for past 30 days - residential sales only) Active listings in ARMLS 52,752 (52,727 last week) Active with contingency 986 ...
10/11/2008
Weekend of October 10 ~ 13 The Valley Freeways Closures & Restrictions Map & Information is also available in a printable PDF version. Weekend closures and restrictions allow more work to be done at once, so projects are completed in less time and on budget. That gives you more time to drive o...
10/11/2008
The U.S. Treasury Department has set up a Web site for posting announcements and up-to-date information related to the Emergency Economic Stabilization Act of 2008 and the Troubled Asset Relief Program (TARP). Click here to go to the Web site and to sign up to receive e-alert updates from the T...
10/08/2008
30-Day Market Snapshot as of 10/4/2008(from ARMLS for past 30 days - residential sales only) Active listings in ARMLS 52,752 (52,727 last week) Active with contingency 986 ...
10/04/2008
2
Comments
All contracts have dates, Some are hard written into the contract i.e Time for acceptance, Close of Escrow and so on. Some are based on days after acceptance of the contract, opening of escrow, Inspection period, response time for sellers response to repair request etc, Some are based on a period...
10/04/2008
5
Comments
http://www.snopes.com/computer/virus/postcard.asp Hi All, I checked with Norton Anti-Virus, and they are gearing up for this virus! " You've received A Hallmark E-Card!" I checked Snopes (URL above:), and it is for real!! Get this E-mail message sent around to your contacts ASAP. You sho...
10/04/2008
Rainmaker
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Andrew Monaghan
CRS, GRI, EPro Associate Broker
