Ingrid B. Quinn

NMLS ID #211652 Arizona, Loan Consultant

Summer in Arizona

1 Comment

extreme_heat_signAside from lifeguarding, life slows down in Arizona. It’s too hot to move at a fast pace. Many industries in the Phoenix area slow down. Restaurants are slower, hotels are offering staycation discounts to the locals stuck hanging in the valley, and it’s too hot to hold Open Houses. Granted there are the dedicated agents who go out on Saturday and Sunday and place their signs on street corners risking heat exhaustion.

We have started to see a housing recovery though a slow down of homes listed is likely in the summer months. Sellers will consider listing homes again in late August or early September and the batch of buyers who need to move their families in the summer are already doing so.

Home values have increase, rates have gone up some but a mortgage in the 4%s is still a great deal! I remember the summer of 2000 selling interest rates at 8.75%. Below is a historical graph of where mortgage rates have been in the last since 1992.

historical_rates
(Provided by mortgage-x.com)

I would like to show appreciation by thanking those buyers, sellers and Realtors who push through the heat of the Valley’s summer. Please feel free to share a comment about how you beat the summer heat when working in our Phoenix market. Visit me at http://www.scottsdalemortgageexpert.com or http://www.cobaltmortgage.com/ingridquinn. My email is Ingrid.quinn@cobaltmortgage.com.

Author: ibquinn

I am a Senior Loan Officer at Caliber Home Loans, with over 32 years of Mortgage Banking experience. I have the expertise and knowledge to help focus in on your homeownership goals and make them into reality. My team of experienced mortgage professionals and I can assist you in all steps of the home buying process and ensure that you have a smooth and hassle-free transaction. Caliber cannot accept mortgage loan applications or inquiries for properties located in New York through this site. Ingrid Quinn NMLS #211652 BK#0923637 www.ScottdaleMortgageExpert.com

One thought on “Summer in Arizona

  1. Simply want to say your article is as amazing. The clearness in your post
    is just nice and i can assume you’re an expert on this subject. Well with your permission let me to grab your feed to keep up to date with forthcoming post. Thanks a million and please continue the enjoyable work.

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