Arizona Real Estate Experiences A Significant Drop in Mortgage Delinquency Rates – Jeff Cameron

Estate agents said prices are now being cut to tempt buyers back in, particularly those worried about rising interest rates as they struggle to raise enough money to secure a mortgage. of houses.

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"These distressed sales represent a significant proportion of all home sales transactions. and thus are a contributing element to the downward pressure on home prices," the Fed said. "With mortgage.

Despite the hurricanes and these quarter-over-quarter results, most states are seeing overall mortgage delinquency rates at lower levels than a year ago." "The FHA overall delinquency rate in the fourth quarter of 2017 is higher compared to the fourth quarter of 2016 in all but three states.

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Mortgage Delinquencies Dropping. Realistically it would seem that it was only a matter of time until the Arizona mortgage delinquency rate dropped. However, it’s important to note that it has dropped below the national average, which is a great sign for the overall health and vitality of the Arizona real estate market.

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