Are mortgage rates high? Mortgage rates in the United States have experienced significant fluctuations over the last 50 years. Tracking 30-year fixed-rate mortgages, Freddie Mac data shows the highest rates occurred in 1981 with weekly rates peaking at 18.63% in October of that year. However, an average or median calculation for a similar decades long time period would put mortgage rates closer t

Make the most of your buyer inspection period. When purchasing a home in Arizona, comprehensive inspections are crucial. While a standard home inspection evaluates structural integrity, electrical, plumbing, HVAC systems, and the roof, several specialized inspections are highly recommended due to the state's unique climate and common issues. Key inspections to consider include: General Com

Rent versus Buy-- Buying a home can offer several benefits, including building equity and long-term financial stability. As you make mortgage payments, you're investing in an asset that can appreciate over time, contributing to your wealth. Homeownership may also provide tax benefits, such as deductions for mortgage interest and property taxes. Additionally, owning a home offers predictabilit