January 20, 2008 by Donna Anderson.

Tucson 30 year fixed conforming  (under 417K) conventional mortgage rates are now at 5.625% and jumbo (over 417K) 30 year fixed conventional rates are at 6.375%.  These weekend rates were reported by Long Mortgage, Cindy McKearney, Foothills Office, tel # 520-918-3762.  What a great time to buy or refinance!

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January 11, 2008 by Donna Anderson.

Great news Jumbo– 30 year fixed Interest Rates– are finally down to 6.5%–these are for loans over 417K.  This rate was published by Long Mortage today.  What a great time to buy; rates have not been this low for quite some time! 

Rates for Conforming–30 year fixed Interest Rates–are down to a very low 5 3/4% which is very low indeed! This rate is for mortgages less than 417K.

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January 11, 2008 by Donna Anderson.

The chief local brokers gave their analysis on what to expect in 2008 in a large local meeting on Wednesday. Overall they expect market stability. The changes I have noticed from last year are that fewer Sellers are listing their homes unless they are very serious about selling. Last year at this time I saw many people try to sell their homes at peak or over peak prices to see if they could get the price. Most found out that few Buyers would pay peak or over-peak prices. Many Sellers missed a more opportune time to sell their homes when they could have sold for higher prices had they been more realistic.  Those Sellers have completely left the markeplace.  Also many agents that were not serious about the profession have left.  This is a job that demands the full -time attention of a tenacious, caring and detail-oriented person to assist buyers and sellers in a market that has been in flux and may be stablizing.  I believe 2008 will go down is the best year for Tucson buyers due to large inventory of good houses that are priced right and interest rates that are projected to become the lowest that we have seen in four years.  I do believe the market has bottomed out.

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January 4, 2008 by Donna Anderson.

I have listed a really well priced property at 7502 E Wandering Rd. The future purchaser will have a rare opportunity to reside in a 3,000 square foot–2002 built home–with pebble-tech pool and waterfall backing to over 3 acres of pristine desert with views of the Santa Catalinas. Recently the property has been professionally staged since some buyers had difficulty imagining furniture in the large 2 story family room.  This home would have sold 3 times over had it not been for the need to usually put 10% down on jumbo loans as of mid-August of last year. If you would like to see this home, give me a call at 520-615-2598.

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January 4, 2008 by Donna Anderson.

Great news–interest rates on conforming loans (those at 417K or less) for 30 year fixed loans at Long Mortgage are at 5.875%.  Jumbo loans (those at 417K or more) are at 6.625% for 30 year fixed loans.  What a great time to buy! Interest rates are rarely this low and there is good inventory of homes for all those who want to find their place in the sun!

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