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Excerpt from:  Greater Phoenix trends and statistics
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December 07, 2007

Mortgage rates continued to decline to low not seen for 2 years.

Phoenix has a good supply of homes, lower prices and now 2 year low interest rates.
Not only do we have great prices for homes in Phoenix metro, with the median home price down by 5.8% from last year, a unparalleled inventory, we now have 30 year fixed loans at 5.96 percent, down .14% from last week.   This is the lowest it has been since the height of the real estate boom in September 2005.  The 15 year fixed mortgage fell to 5.65% from 5.73 percent last week.   (rates from Freddie Mac)
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by Artur Ciesielski | ↑top | link to this#
by The Artur and Joanna Real Estate Team
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