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

What advice do you have for graduating seniors?

Sponsored By:

Tlaquepaque Village

City wants input on Brewer site

City wants input on Brewer site

Last year the city of Sedona finalized the purchase of 3.5 acres on Brewer Road — the site of the old U.S. Forest Service Ranger Station. Now, it wants 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

Spring Creek is home for endangered fish species
Spring Creek is home for endangered fish species

At only three inches long, the spikedace would seem to be of little importance yet the minnow is the [ ... ]

ADOT outlines SR 260’s future
ADOT outlines SR 260’s future

It was a packed house at the Cliff Castle Casino Hotel on May 20 as residents and local officials ga [ ... ]

More News

Latest Sports

Diamondbacks look for revenge for first of two losses

Diamondbacks look for revenge for first of two losses

Sedona’s only major league team in Little League competition scored its 10th victory against just two losses on the season Monday, May 18. The Diamondbacks didn’t have to swing for the...

Sedona Weather

Fair

47°F

Sedona, AZ

Humidity: 46%
Wind: SW at 5 mph
Wednesday
Mostly cloudy
53°F / 82°F
Thursday
Sunny
55°F / 85°F
Friday
Partly cloudy
57°F / 87°F

Sedona Gas Prices

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