Breaking News:

Close

Online Poll

How has the recent stock market volatility affected you?

Sponsored By:

Tlaquepaque Village

Big Park Community School finds success in multi-age program

Big Park Community School finds success in multi-age program

On the surface, placing kindergartners, first-graders and second-graders into the same classroom might seem like a recipe for disaster - or at least a massive headache - but as the...

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

Bike and Brew photo gallery
Bike and Brew photo gallery

The second annual Bike and Brew course race happened Friday and Saturday, Aug. 28 and 29 at Sedona G [ ... ]

Girls learn self-respect & how to live healthier v...
Girls learn self-respect & how to live healthier via program

Beginning Monday, Aug. 31, Girls on the Run of Northern Arizona officially kicked off, spurring more [ ... ]

More News

Latest Sports

Sedona summer softball title returns West

Sedona summer softball title returns West

After Willy Aldredge stretched out to glove Jesse Vawcil’s throw for the final out of the summer Adult Softball League, the first baseman for A Day in the West flopped...

Sedona Weather

Fair

68°F

Sedona, AZ

Humidity: 37%
Wind: SE at 3 mph
Thursday
Partly cloudy
58°F / 81°F
Friday
Partly cloudy
57°F / 81°F
Saturday
Sunny
58°F / 82°F

Sedona Gas Prices

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