Congratulations to Cheyenne Davis of Saint David, winner of the spelling bee championship for Cochise County. She now heads on to the state competition in Phoenix on March 27.
March 6, 2010
Rates Up A Tad
Rates on 30 year fixed mortgage rose slightly last week going above the 5 percent level. 30 year average was 5.05 percent, 15 year fixed rates were up a bit to 4.40 percent.
Don Grafues
Resource: REALTOR.org
Resource: REALTOR.org
March 5, 2010
Earned Principal Reductions
The Federal Deposit Insurance Corporation (FDIC) is considering a plan to help homeowners who are significantly underwater on their mortgage yet are current with payments. The program would offer “earned principal reduction” for an as yet to be determined period of time. If they proceed with the program it would be introduced later this year.
Don Grafues
Resource: REALTOR.org
Resource: REALTOR.org
March 4, 2010
Cochise County Wines
The Southwestern Wine Guy posted an interesting article on his blog last Sunday about Cochise County wines. You can read his article here.
Move Up Tax Credit Having Minimal Impact
A survey of 1500 real estate agents shows the $6500 move up tax credit is having virtually no effect upon the housing market. One issue facing people wanting to take advantage of the tax credit is the potential sales price of their current home.
Don Grafues
Resource: REALTOR.org
Resource: REALTOR.org
March 3, 2010
Bailout For Fannie?
Fannie Mae is asking for another $15.3 billion from the government. Fannie’s 4th quarter loss was $16.3 billion, an improvement over the $25.2 billion loss in the 4th quarter of ’08. Fannie continues to be plagued with bad loans.
Don Grafues
Resource: REALTOR.org
Resource: REALTOR.org
Cochise County Journey
This link is to a blog post written by Tyler Gates about his journey through Cochise County. There are also photos from his travels. If you have not been here, this article will give you a little insight in this beautiful place.
Don Grafues
Resource: Tyler Gates Blog
Resource: Tyler Gates Blog
Cochise County HUD Price Reduction
1111 Hunt Ranch Road, Huachuca City
Reduced $8,100 to $48,600. 1111 N. Hunt Ranch Trail, Huachuca City, Cochise County, AZ. HUD manufactured home with 3 bedrooms & 2 baths, 1075 square feet on 1.5 acre. The home sits atop a mesa with great views. For additional photos and information click on “Featured Properties” tab or here.
Don Grafues
Resource: HUD
Resource: HUD
March 2, 2010
New HUD Listing
HUD site built, 3 bed/1.2 bath home on corner lot.
Benson (Cochise County) AZ HUD site built home. 3 bedrooms / 1.5 baths. On corner lot. Some work needed. Asing price $107,500. Prior owner started a number of remodeling projects and most (if not all) are not completed. Living room fireplace. Home can be FHA insured and it is 203k eligible to help you make repairs and buy appliances. To learn more about the 203k program click here.
Don Grafues
Resource: HUD
Resource: HUD
HUD Price Reduction – Cochise County
1111 Hunt Ranch Trail, Huachuca City - now $48,600
Reduced $8,100, 1111 N. Hunt Ranch Trail, Huachuca City, Cochise County, AZ. HUD manufactured home atop a mesa with great views now priced at $48,600. For additional photos and information click on “Featured Properties” tab or here.
Don Grafues
Resource: HUD
Resource: HUD
