Warning: include(/var/www/rrnweb/includes/joomla_init.php): failed to open stream: No such file or directory in /home2/rrnews/public_html/templates/redrocknews1.5/index.php on line 328

Warning: include(): Failed opening '/var/www/rrnweb/includes/joomla_init.php' for inclusion (include_path='.:/opt/php54/lib/php') in /home2/rrnews/public_html/templates/redrocknews1.5/index.php on line 328

Search

Loading

Breaking News:

Close

Online Poll

How do you celebrate Easter or Passover?

Sponsored By:

Tlaquepaque Village

Ranney revisits Mt. Kilimanjaro

Ranney revisits Mt. Kilimanjaro

Growing old is something everyone must face but it doesn’t mean it slows you down. At least, that’s what Wayne Ranney set out to prove. Ranney was speaking to the Sedona Welcomers...

Well, I'm sure that most of you (if you have a TV, newspaper, radio or internet) have heard the news on what's going on in the Mortgage market.  Things are changing daily, but the easiest thing to say is that it's getting tougher to obtain a loan.  There are fewer 0% down loans and packages that we've become accustomed to seeing.  The most realistic effect felt by Sedona area home buyers is that the Jumbo Loans have jumped up 1% and more over the past two weeks.  (Jumbo loans are over $417k)  The FED dropped the discount rate last week by a half point - we'll see how that affects the mortgage interest rates in the coming weeks ahead. You could look at it from a long term perspective and realize that we are being a bit jumpy about rates... check the attachment to show historical interest rates.  We're still under 7%.... does anyone remember the 80's.... and interest rates in the 18% range?????  I remember getting a "low interest" student loan in the 80's and my mother told me to jump at it because it was only 9.75%... OUCH.  Thanks mom!

Leave your comments

0
terms and condition.
  • No comments found

Other Headlines

Council talks broadband needs
Council talks broadband needs

How fast is the Internet service at your home or work? If your answer is “not fast enough&rdqu [ ... ]

Nearly 200 sign up and engage

In just one year, Sedona’s Citizen Engagement Program has not only opened the door for a great [ ... ]

More News

Latest Sports

Sophomore secures shot put supremacy

Sophomore secures shot put supremacy

Anybody not including Sedona Red Rock High School in the conversation over Arizona’s top track and field contenders should see how far Hannah Ringel can throw them. “I didn’t expect myself...

Sedona Weather

Fair

74°F

Sedona, AZ

Humidity: 11%
Wind: W at 9 mph
Tuesday
Mostly sunny
50°F / 80°F
Wednesday
Sunny
47°F / 77°F
Thursday
Sunny
41°F / 72°F

Sedona Gas Prices

Lowest Gas Prices in Sedona
Sedona Gas Prices provided by GasBuddy.com