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What Can Influence Mortgage Loan Approval?

What Can Influence Mortgage Loan Approval?

Mortgage approval can depend on several factors, and lenders often look at things like employment history and income stability. In many cases, changing jobs during the loan process may add extra documentation or review. Down payment and closing costs can also vary...
How Could the Iran War Affect the U.S. Housing Market?

How Could the Iran War Affect the U.S. Housing Market?

Mortgage rates rose to about 6.13% for a 30-year fixed loan, climbing above 6% after briefly dropping below that level, reflecting early market reactions to the conflict. Higher oil prices and disrupted trade routes could push inflation up, which may keep mortgage...
How Long Does It Take to Sell a House in Phoenix in 2026?

How Long Does It Take to Sell a House in Phoenix in 2026?

Days on market: Phoenix median is 76 days vs. 66 nationally. Two-week sales: 23.8% of Phoenix homes sell in 14 days vs. 28.6% nationally. Median price: Phoenix sits at ~$459K vs. ~$423K nationally. Sale-to-list ratio: Phoenix averages 97.7% vs. 97.9% nationally. Price...
Impact of ‘Bifurcation’ on Arizona Housing

Impact of ‘Bifurcation’ on Arizona Housing

High-end homes sell briskly, hitting record prices, often driven by buyers less constrained by financing. Entry-level and mid-tier homes linger longer, with more price cuts and fewer multiple-offer situations than years ago. Rising interest rates reduced demand, yet...
6 Common Ways People Pay Off a Mortgage Sooner

6 Common Ways People Pay Off a Mortgage Sooner

Paying off a mortgage early may reduce total interest paid over time and can change your overall financial picture. Common approaches people consider include refinancing into a shorter term, making an extra payment in some years, setting aside funds for additional...