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Interest Rates on 30 year mortgages in Phoenix are at their all time lows at 4.12%, as the average interest rate on a 30 year fixed has been 5% over the past year, according to Freddie Mac, which are the lowest since 1971. Also, normally on the 15 year fixed mortgages interest rates are even [...]
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A lot of people think that if you are buying a home these days you need 20% down, but you don’t, you only need 3.5% down if qualified through FHA financing. FHA loans are insured by HUD, so there is mortgage insurance, but you will be able to still buy a home with a very [...]
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