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