Name: Martha Navarro
Address: 13166 W McDowell Rd # B, Goodyear, AZ, 85395
Telephone: 623-341-6345

4 bedroom,3 baths,Arrowhead lakes,Glendale AZ 85308.

This two story home also features extensive high-end upgrades, travertine tile flooring at kitchen and Living room,granite counter tops,vaulted ceiling, Four car garage with cabinets and textured floor,exterior recently painted, front house has a courtyard with travertine pavers and a stunning fountain,patio with an overhead pergola. Come and see this 4 bedroom,3 baths,Arrowhead lakes house and enjoy the Beehive fireplace in backyard, master bath has a separate tub and shower, two vanities and a walk-in closet,family room has built-in bookshelves and desk area. Best view of the lake in arrowhead lakes subdivision. Call me to schedule a showing of this 4 bedroom,3 baths,home at Arrowhead lakes,Glendale AZ 85308,Martha Navarro at 623-341-6345.

What’s Ahead For Mortgage Rates This Week – July 7, 2014

Last week’s economic news was mixed, but economic reports for Non-Farm Payrolls and the National Unemplo yment rate suggest a strengthening labor sector. Pending Home Sales surpassed expectations in May and conversely, construction spending was lower than expected. Here are the details.

Pending Home Sales Reach Highest Level in Eight Months

The National Association of REALTORS® reported that pending home sales in May rose by 6.10 percent over April’s reading. May’s reading was 5.20 percent lower than for May 2013. The index reading for May reached 103.9 as compared to April’s index reading of 97.9. Results for all regions were positive for May:

– Northeast: 8.80%

– West 7.60%

– Midwest 6.30%

– South 4.40%

An index reading of 100 for pending home sales is equal to average contract activity in 2001; pending home sales are a gauge of upcoming closings and mortgage activity.

CoreLogic Home Price Index Reflects Slower Price Gains

National home prices rose by 1.40 percent in May and 10 states posted new month-to-month highs, while year-over-year reading slipped from 10.00 percent in April to 8.80 percent in May. Home prices remain about 13.50 percent lower than their 2006 peak.

The overall rate of construction spending slowed in May to an increase of 0.10 percent from April’s reading of 0.80 percent and against expectations of 0.70 percent. Residential construction spending dropped by 1.50 percent in May.

Freddie Mac’s weekly survey of average mortgage rates brought good news as the rate for a 30-year fixed rate mortgage dropped by two basis points to 4.12 percent. The average rate for a 15-year fixed rate mortgage was unchanged at 3.22 percent, as was the average rate for a 5/1 adjustable rate mortgage at 2.98 percent. Discount points were unchanged at 0.50 percent for a 30-year fixed rate mortgage and 15-year fixed rate mortgages. Discount rates rose from 0.30 to 0.40 percent for 5/1 adjustable rate mortgages.

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