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

Breaking News:

Close

Online Poll

How do you protect yourself from thieves?

Sponsored By:

Tlaquepaque Village

Teacher claims meals too sugary

Teacher claims meals too sugary

The Breakfast in the Classroom program at West Sedona School provides free breakfasts to all students, yet first-grade teacher Gail Basham said the meals are not meeting federal standards for...

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

Music will fill plaza at City Hall
Music will fill plaza at City Hall

As part of the city of Sedona’s ongoing desire to be animated by the arts, last year’s p [ ... ]

Valley students show art at Sedona High
Valley students show art at Sedona High

Add Sedona Red Rock High School to the gallery list this weekend.

On Saturday and Sunday, April 25 an [ ... ]

More News

Latest Sports

Sedona's two top 10 ballclubs to honor seniors

Sedona's two top 10 ballclubs to honor seniors

Seniors Emily Aitken, Sophie Copenhaver and Kristina Schindele will be going out on top in front of their home fans Friday, April 24. The three seniors, four-year veterans of the Sedona...

Sedona Weather

Fair

46°F

Sedona, AZ

Humidity: 50%
Wind: WNW at 9 mph
Monday
Sunny
50°F / 73°F
Tuesday
Mostly sunny
50°F / 76°F
Wednesday
Sunny
53°F / 81°F

Sedona Gas Prices

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