Purchase Arizona Real Estate with Oggy Karchev of Realty ONE Group

As we move ahead to another week in the changing Phoenix Real Estate Market, there are many new and upcoming changes to consider. Currently the Phoenix Real Estate Market is flooded with positive cash-flow producing investment property in the form of bank owned REO homes, pending foreclosures and and an increasing supply of government HUD Homes The one story that stands out amongst the rest is drop in mortgage rates to their lowest of the year. Many investors and real estate buyers in the Phoenix area have been hearing the buzz about rates dropping down to 4.5% through government intervention. The FED has stepped up to the plate and said they are willing to purchase a large amount of Fannie mae and Freddi Mac backed mortgages, and the Treasury has indicated interest to keep interest rates at an all time low. Unfortunately we know that:

· Treasury does not set the mortgage rates – traders on Wall Street do and they directly tied into the Supply and Demand for mortgage backed bonds

· Treasury intervention will not guarantee low rates

· Nothing is set in stone regarding 4.5% mortgage rates…it is all speculation to this point

Short term mortgage rates have fallen, but there is no definite plans to drop the rates down to a 4.5% mortgage rate on the long term loan side. Take advantage of the Phoenix investment property available today with the current low interest rate because like they say, nothing is for sure, take what you can get.

Contact RealVision Group today, receive our Bank Owned Hot List and stay in the know regarding the ever changing Phoenix Real Estate market