features 1 bedroom and full bath downstairs, living and family room , dinning room and lots of beautiful kitchen cabinetry, granite counter tops, breakfast bar, kitchen island, beautiful 18×18 Title floors, beautiful iron banister, huge master bedroom & master bath, with garden tub, separate shower, double sinks, large walk in closet, Loft, large Covered patio, nicely done back yard, RV Gate, great curb appeal, 3 car garage and much more. Meticulously maintained. Call me to schedule a showing of this 5 bedrooms 3 bathrooms home at Windmill Village Buckeye AZ 85326, Martha Navarro 623-341-635.
Pending Home Sales, Home Price Growth Slower
Pending home sales dropped by 1.10 percent nationwide in June. This was the first decrease in four months. Pending home sales rose by 1.10 percent in the Midwest and 0.20 percent in the West, but dropped by 2.90 percent in the Northeast and 2.40 percent in the South. Pending sales are measured by signed purchase contracts and provide an indicator of future completed sales and mortgage loan activity.
The 20-city Case-Shiller Home Price Index for May fell by 1.50 percent to a year-over-year reading of 9.30 percent from April’s 10.80 percent. No cities in the 20-city index reported declining home prices.
Construction spending fell by 1.80 percent in June against projections of an 0.30 percent increase in spending and May’s reading of an 0.80 percent increase. Reasons cited for lower construction spending included builder focus on high-demand areas. Builders have also indicated concerns about rising mortgage rates and tight loan requirements that impact numbers of home buyers that can qualify for home loans.
Mortgage Rates Little Changed, Fed Continues Wind-Down of Asset Purchases
According to Freddie Mac’s weekly Primary Mortgage Market Survey, rates were little changed last week. The average rate for a 30-year fixed rate mortgage was 4.12 percent as compared to 4.13 percent the prior week. Discount points were unchanged at an average of 0.60 percent. The average rate for a 15-year fixed rate mortgage fell by three basis points to 3.23 percent with discount points higher by 10 basis points at 0.70 percent. The average rate for a 5/1 adjustable rate mortgage fell by one basis point to 2.38 percent with average discount points of 0.40 percent unchanged.
The Federal Open Market Committee (FOMC) of the Federal Reserve issued its customary post-meeting statement on Wednesday. The FOMC plans to continue reducing asset purchase under the current quantitative easing program until the purchases cease in October. Although some analysts were concerned that the Fed may consider raising its target federal funds rate based on lower than expected unemployment figures, the FOMC said it doesn’t plan to raise the target federal funds “for a considerable time” after the QE purchases cease, but no specific timeline was given.
Call me to schedule a showing of this 5 bedrooms 3 bathrooms home at Windmill Village Buckeye AZ 85026, Martha Navarro 623-341-635.
13166 W McDowell Rd # B
Goodyear , AZ 85395