Condo’s For Sale In Paradise Valley 85253

Condo’s For Sale in Paradise Valley AZ 85253

1090_fAre you thinking about purchasing a single family home?  Is Paradise Valley Arizona the location you are looking for? What price would you be willing to spend to get the perfect home? Find full property details with pictures of available Condo’s for sale in Paradise Valley Arizona in the 85253 zip code.  We offer home buyer’s and seller’s our free educational services to help educate you through the process before getting started. Find your Free Reports on our informational website.  The educational tools, reports and services are here to help all of us understand the “WHY” in the housing market and what to do about it.

The Paradise Valley Arizona Condo’s in 85253 zip code have a super convenient location in the heart of Paradise Valley AZ. It is nice to know what is around your new home.  Below we have provided some quick references on the Paradise Valley Arizona 85253 zip code.

Have you been thinking about selling your home?  Request a FREE custom evaluation for your Property in Paradise Valley AZ 85253.

Low or No Down Payment Options!  New Picture (3)

Many of the Condo’s in Paradise Valley AZ 85253 are approved for FHA 3.5% down payment financing, Conventional 5% down payment financing, Conventional Jumbo loans and VA zero down payment financing. Some may qualify for the “Home in 5” Housing Finance Corporation financing.  Apply online to see which low down payment mortgage options you qualify for. Learn more about How To Buy A House With A Low Down Payment In Paradise Valley AZ.

Market Insider for Paradise Valley AZ 85253

The data included in this Market Insider Report for Paradise Valley AZ 85253 is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Condo’s Prices vary depending upon floor plan, size, view, age, condition, updating and remodeling.  Paradise Valley Property prices in the 85253 zip code range between $91,000 to $1.2 million  The average Condo’s sells for about $1,000,000.  The median number of days active properties have been listed is 110. 

The percent of owner occupied properties in Paradise Valley (85253) is 69% above the national average.

Conveniently Located in Paradise Valley AZ 85253

Downtown Paradise Valley AZ 85253 is one of the most convenient areas in the Phoenix Metro area.  Just minutes to get anywhere in Paradise Valley and close proximity to all major necessities.  This is an active community that is walking distance to several parks!  Nearby you also have excellent shopping, restaurants, and convenient access to freeways. This is a very accommodating and hot spot in the city of Paradise Valley Arizona!

You will love living so close to the Downtown Paradise Valley Shopping District, amazing golf courses, Paradise Valley entertainment, and nearby the 101 Freeway.

This great Paradise Valley location is just minutes away from:

  1. Paradise Valley Country Club
  2. Mountain Shadows Golf Course
  3. Desert Mountain Tour
  4. Camelback Golf Club
  5. Kerr Cultural Center

The Condo’s in Paradise Valley AZ 85253 are a great place to call home. You will not be disappointed if you end up living here. You can find Condo’s for sale in Paradise Valley Arizona’s 85253 zip today as well as all available Paradise Valley AZ Condo’s for sale on the website.

Free Community and Demographic Reports for Paradise Valley AZ 85253

Gain valuable insight into the Paradise Valley AZ 85253 community by looking at household incomes, crime risk, education levels attained, and potential for extreme weather. Use the map to locate points of interest like shopping, restaurants, and health care services. Median household income in 85253 is $118,416 with 219 households earning between $35,000 to $40,000 annually. For the zip 85253, 36% of the people have completed a bachelors degree as their highest education level.

Search for Condo’s in Downtown Paradise Valley AZ 85253 by local schools including:

The quality of a school can greatly influence home values in an area. Access detailed information on Paradise Valley School District, school ratings, test scores by grade, student-teacher ratio, and much more. You may need to scroll down the page after you put the zip code in.

Featured Paradise Valley High Schools:

  1. Chaparral High School

Featured Paradise Valley Middle Schools:

  1. Tesseract Middle-High School

Featured Paradise Valley Elementary School

  1. Kiva Elementary

Thank you for reading about Condo’s For Sale in Paradise Valley AZ 85253. 

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 Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam

 

 

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Paradise Valley 85253 Zip Code and Homes For Sale

Single Family Homes For Sale in Paradise Valley AZ 85253

650_fAre you thinking about purchasing a single family home?  Is Paradise Valley Arizona the location you are looking for? What price would you be willing to spend to get the perfect home? Find full property details with pictures of available Single Family Homes for sale in Paradise Valley Arizona in the 85253 zip code.  We offer home buyer’s and seller’s our free educational services to help educate you through the process before getting started. Find your Free Reports on our informational website.  The educational tools, reports and services are here to help all of us understand the “WHY” in the housing market and what to do about it.

The Paradise Valley Arizona Single Family Homes in 85253 zip code have a super convenient location in the heart of Paradise Valley AZ. It is nice to know what is around your new home.  Below we have provided some quick references on the Paradise Valley Arizona 85253 zip code.

Have you been thinking about selling your home?  Request a FREE custom evaluation for your Property in Paradise Valley AZ 85253.

Low or No Down Payment Options!  prequal vs preapproval

Most of the Single Family Homes in Paradise Valley AZ 85253 are approved for FHA 3.5% down payment financing, Conventional 5% down payment financing, Conventional Jumbo loans and VA zero down payment financing. Some may qualify for the “Home in 5” Housing Finance Corporation financing.  Apply online to see which low down payment mortgage options you qualify for. Learn more about How To Buy A House With A Low Down Payment In Paradise Valley AZ.

Market Insider for Paradise Valley AZ 85253

The data included in this Market Insider Report for Paradise Valley AZ 85253 is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Single Family Homes Prices vary depending upon floor plan, size, view, age, condition, updating and remodeling.  Paradise Valley Property prices in the 85253 zip code range between $504,000 to $25 million  The average Single Family Homes sells for about $1,000,000.  The median number of days active properties have been listed is 110. 

The percent of owner occupied properties in Paradise Valley (85253) is 69% above the national average.

Conveniently Located in Paradise Valley AZ 85253

Downtown Paradise Valley AZ 85253 is one of the most convenient areas in the Phoenix Metro area.  Just minutes to get anywhere in Paradise Valley and close proximity to all major necessities.  This is an active community that is walking distance to several parks!  Nearby you also have excellent shopping, restaurants, and convenient access to freeways. This is a very accommodating and hot spot in the city of Paradise Valley Arizona!

You will love living so close to the Downtown Paradise Valley Shopping District, amazing golf courses, Paradise Valley entertainment, and nearby the 101 Freeway.

This great Paradise Valley location is just minutes away from:

  1. Paradise Valley Country Club
  2. Mountain Shadows Golf Course
  3. Desert Mountain Tour
  4. Camelback Golf Club
  5. Kerr Cultural Center

The Single Family Homes in Paradise Valley AZ 85253 are a great place to call home. You will not be disappointed if you end up living here. You can find Single Family Homes for sale in Paradise Valley Arizona’s 85253 zip today as well as all available Paradise Valley AZ Single Family Homes for sale on the website.

Free Community and Demographic Reports for Paradise Valley AZ 85253

Gain valuable insight into the Paradise Valley AZ 85253 community by looking at household incomes, crime risk, education levels attained, and potential for extreme weather. Use the map to locate points of interest like shopping, restaurants, and health care services. Median household income in 85253 is $118,416 with 219 households earning between $35,000 to $40,000 annually. For the zip 85253, 36% of the people have completed a bachelors degree as their highest education level.

Search for Single Family Homes in Downtown Paradise Valley AZ 85253 by local schools including:

The quality of a school can greatly influence home values in an area. Access detailed information on Paradise Valley School District, school ratings, test scores by grade, student-teacher ratio, and much more. You may need to scroll down the page after you put the zip code in.

Featured Paradise Valley High Schools:

  1. Chaparral High School

Featured Paradise Valley Middle Schools:

  1. Tesseract Middle-High School

Featured Paradise Valley Elementary School

  1. Kiva Elementary

your homes value

Thank you for reading about Single Family Homes For Sale in Paradise Valley AZ 85253. 

 Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam

Condo’s for sale in Scottsdale Arizona’s 85250 zip code

Condo’s For Sale in Scottsdale AZ 85250

Stop Renting

Are you ready to purchase a home?  Is Scottsdale Arizona the location you are looking for? Find full property details with pictures of available Condo’s for sale in Scottsdale Arizona in the 85250 zip code.  We offer home buyer’s and seller’s our free educational services to help educate you through the process before getting started. Find your Free Reports on our website for Scottsdale properties.  The educational tools, reports and services are here to help all of us understand the “WHY” in the housing market and what to do about it.

These Scottsdale Arizona 85250 Condo’s have a super convenient location in the heart of Scottsdale AZ. It is nice to know what is around your new home.  Below we have provided some quick references on the Scottsdale Arizona 85250 zip code.

Is it time to sell or have you been thinking about selling your home?  Request a FREE custom evaluation for your Property in Scottsdale AZ 85250.

854_fLow or No Down Payment Options!

Most of the Condo’s in Scottsdale AZ 85250 are approved for FHA 3.5% down payment financing, Conventional  5% down payment financing, Conventional Jumbo loans and VA zero down payment financing. Some may qualify for the “Home in 5” Housing Finance Corporation financing.  Apply online to see which low down payment mortgage options you qualify for. Learn more about How To Buy A House With A Low Down Payment In Scottsdale AZ.

Market Insider for Scottsdale AZ 85250

The data included in this Market Insider Report for Scottsdale AZ 85250 is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Condo’s Prices vary depending upon floor plan, size, view, age, condition, updating and remodeling.  Scottsdale Property prices in the 85250 zip code range between $87,000 to $1.3million  The average Condo’s sells for about $300,000.  The median number of days active properties have been listed is 76. 

The percent of owner occupied properties in Scottsdale (85250) is 60.99% above the national average.

Conveniently Located in Scottsdale AZ 85250

Downtown Scottsdale AZ 85250 is one of the most convenient areas in the Phoenix Metro area.  Just minutes to get anywhere in Scottsdale and close proximity to all major necessities.  This is an active community that is walking distance to several parks!  Nearby you also have excellent shopping, restaurants, and convenient access to freeways. This is a very accommodating and hot spot in the city of Scottsdale Arizona!

You will love living so close to the Downtown Scottsdale Shopping District, amazing golf courses, Scottsdale entertainment, and nearby the 101 Freeway.

This great Scottsdale location is just minutes away from:

  1. Silverado Golf Club
  2. The Sea Water Gallery
  3. Scottsdale Pavilions
  4. Pavilions at Talking Stick
  5. Pavilion Lakes Golf Course
  6. McCormick-Stillman Railroad Park
  7. Lincoln’s Restaurant
  8. Harkins Theaters
  9. The Good Egg
  10. Fleming’s Prime Steakhouse, and much more!

The Condo’s For Sale in Scottsdale AZ 85250 are a great place to call home. You will not be disappointed if you end up living here. You can find Condo’s for sale in Scottsdale Arizona’s 85250 zip today as well as all available Scottsdale AZ Condo’s for sale on the website.

Free Community and Demographic Reports for Scottsdale AZ 85250

Gain valuable insight into the Scottsdale AZ 85250 community by looking at household incomes, crime risk, education levels attained, and potential for extreme weather. Use the map to locate points of interest like shopping, restaurants, and health care services. Median household income in 85250 is $65,845 with 336 households earning between $35,000 to $40,000 annually. For the zip 85250, 26.08% of the people have completed a bachelors degree as their highest education level.

Search for Condo’s in Downtown Scottsdale AZ 85250 by local schools including:

The quality of a school can greatly influence home values in an area. Access detailed information on Scottsdale School District, school ratings, test scores by grade, student-teacher ratio, and much more. You may need to scroll down the page after you put the zip code in.

Featured Scottsdale High Schools:

  1. Saguaro High School

Featured Scottsdale Middle Schools:

  1. Mohave Middle School

Featured Scottsdale Elementary School

  1. Pueblo Elementary

259_f

 Thank you for reading about Condo’s For Sale in Scottsdale AZ 85250. 

 Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam

Scottsdale’s 85250 Zip Code and Homes For Sale

Single Family Homes For Sale in Scottsdale AZ 85250

May2013-41Are you ready to purchase a home?  Is Scottsdale Arizona the location you are looking for? Find full property details with pictures of available Single Family Homes for sale in Scottsdale Arizona in the 85250 zip code.  We offer home buyer’s and seller’s our free educational services to help educate you through the process before getting started. Find your Free Reports on our website for Scottsdale properties.  The educational tools, reports and services are here to help all of us understand the “WHY” in the housing market and what to do about it.

These Scottsdale Arizona 85250 Single Family Homes have a super convenient location in the heart of Scottsdale AZ. It is nice to know what is around your new home.  Below we have provided some quick references on the Scottsdale Arizona 85250 zip code.

Is it time to sell or have you been thinking about selling your home?  Request a FREE custom evaluation for your Property in Scottsdale AZ 85250.

Low or No Down Payment Options!New Picture (11)

Most of the Single Family Homes in Scottsdale AZ 85250 are approved for FHA 3.5% down payment financing, Conventional 5% down payment financing, Conventional Jumbo loans and VA zero down payment financing. Some may qualify for the “Home in 5” Housing Finance Corporation financing.  Apply online to see which low down payment mortgage options you qualify for. Learn more about How To Buy A House With A Low Down Payment In Scottsdale AZ.

Market Insider for Scottsdale AZ 85250

The data included in this Market Insider Report for Scottsdale AZ 85250 is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Single Family Homes Prices vary depending upon floor plan, size, view, age, condition, updating and remodeling.  Scottsdale Property prices in the 85250 zip code range between $224,000 to $1.9million  The average Single Family Homes sells for about $300,000.  The median number of days active properties have been listed is 76. 

The percent of owner occupied properties in Scottsdale (85250) is 60.99% above the national average.

Conveniently Located in Scottsdale AZ 85250

Downtown Scottsdale AZ 85250 is one of the most convenient areas in the Phoenix Metro area.  Just minutes to get anywhere in Scottsdale and close proximity to all major necessities.  This is an active community that is walking distance to several parks!  Nearby you also have excellent shopping, restaurants, and convenient access to freeways. This is a very accommodating and hot spot in the city of Scottsdale Arizona!

You will love living so close to the Downtown Scottsdale Shopping District, amazing golf courses, Scottsdale entertainment, and nearby the 101 Freeway.

This great Scottsdale location is just minutes away from:

  1. 1. Silverado Golf Club
  2. 2.The Sea Water Gallery
  3. 3.Scottsdale Pavilions
  4. 4.Pavilions at Talking Stick
  5. 5.Pavilion Lakes Golf Course
  6. 6.McCormick-Stillman Railroad Park
  7. 7.Lincoln’s Restaurant
  8. 8.Harkins Theaters
  9. 9.The Good Egg
  10. 10.Fleming’s Prime Steakhouse, and much more!

The Single Family Homes For Sale in Scottsdale AZ 85250 are a great place to call home. You will not be disappointed if you end up living here. You can find Single Family Homes for sale in Scottsdale Arizona’s 85250 zip today as well as all available Scottsdale AZ Single Family Homes for sale on the website.

Free Community and Demographic Reports for Scottsdale AZ 85250

Gain valuable insight into the Scottsdale AZ 85250 community by looking at household incomes, crime risk, education levels attained, and potential for extreme weather. Use the map to locate points of interest like shopping, restaurants, and health care services. Median household income in 85250 is $65,845 with 336 households earning between $35,000 to $40,000 annually. For the zip 85250, 26.08% of the people have completed a bachelors degree as their highest education level.

Search for Single Family Homes in Downtown Scottsdale AZ 85250 by local schools including:

The quality of a school can greatly influence home values in an area. Access detailed information on Scottsdale School District, school ratings, test scores by grade, student-teacher ratio, and much more. You may need to scroll down the page after you put the zip code in.

Featured Scottsdale High Schools:

  1. Saguaro High School

Featured Scottsdale Middle Schools:

  1. Mohave Middle School

Featured Scottsdale Elementary School

  1. Pueblo Elementary

259_f

Thank you for reading about Single Family Homes For Sale in Scottsdale AZ 85250. 

 Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam

 

Homes For Sale in Scottsdale Arizona By Saguaro High School

Homes For Sale By Saguaro High School

Find homes for sale near Saguaro High School in Scottsdale AZ. Our For Sale property information is a direct feed from the Arizona MLS and is updated multiple times per day.

The homes near Saguaro High School in Scottsdale AZ have easy access to schools, shopping, freeways and parks. You will love your Home Near Saguaro High School in Scottsdale AZ!  There is a large percentage of owner occupied residential homes in the area.  This makes for a strong community.

To find out what your home near Saguaro High School in Scottsdale AZ is worth, fill out this simple form.  Here you will receive a free home evaluation on your property.  You can also have a neighborhood market watch set up so you can receive monthly updates on your Scottsdale Home and neighborhood.

Awesome Schools

To get local school scores and more information about schools serving the Saguaro High School Area, check out Scottsdale School Reports on my website, put the zip code in click search then scroll down till you see the map and the report. Know how good the schools in your area are will tell you about the community around them.  The higher the school rankings the more popular the community and neighborhoods are.

school reports 2

Super Convenient Scottsdale Location

Saguaro High School in Scottsdale AZ is conveniently located in Scottsdale AZ. This location offers convenient access to several parks, freeways, restaurants, grocery stores and shopping malls. Here is a list of a few 3 miles or less from the school.

  1. 101 Freeway
  2. Safeway
  3. Bashas
  4. Target
  5. Scottsdale Pavillions
  6. Talking Stick
  7. Mickey’s Hangover
  8. Lincoln’s Restaurant
  9. Good Egg
  10. Fleming’s Prime Steakhouse

Find out about everything that is nearby to Saguaro High School in Scottsdale AZ including places of worship.

  1. St Maria Goretti Catholic Churhc
  2. Glass & Garden Community Church
  3. Freedom Center Christian Church
  4. First Christian Church
  5. Church of Jesus Christ of LDS

The homes near Saguaro High School in Scottsdale AZ are a great place to call home. You will not be disappointed if you end up living here. You can find homes for sale near Saguaro High School in Scottsdale AZ (if there are any available today) as well as all available Scottsdale AZ homes for sale on my website.

Community Information

  1. Median Household Income by Scottsdale is $65,845
  2. 26.08% of people in the area have completed their bachelors degree
  3. 33% of People in the area are married
  4. The Median age is 46 years old
  5. Estimated 1,147 homes in the area have children

Market Analysis

  1. Median Listing Price $309,900
  2. Median Days on Market 65
  3. 60% + Owner Occupied homes vs 23% Rental homes

Affordable Low and No Down Payment Options

Homes near Saguaro High School in Scottsdale AZ are approved for several types of financing with low or no down payment required. Find out what programs you qualify for. VA Zero Down Financing approved, FHA financing approved, Scottsdale Housing Finance Programs, Conventional Financing approved. Learn more about How To Buy A House With A Low Down Payment In Scottsdale AZ.

your homes value

Free Market Report For The Homes Near Saguaro High School in Scottsdale AZ

The data used this Free Market Report is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Call or email anytime to discuss how this information can benefit you!

Thank you for reading about the Homes near Saguaro High School in Scottsdale AZ!

Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam

Sold Homes In Scottsdale AZ by Saguaro High School

 

Scottsdale Foreclosure Updates and Properties

foreclosure 2

Foreclosure Updates for the City of Scottsdale

Scottsdale, Arizona Foreclosures & Distress Sales

As expected there were no surprises for the month of September. The Sales volume came in as expected while prices remained flat. Sales volume for this year has been running 14% lower than 2013, but the sales volume for this month was only 1% lower than September 2013. Keep in mind there were 21 working days this September compared to 20 working days in September 2013. Discounting the number of working days, the year-over-year sales volumes were very similar.

Distressed Sales for the Arizona Regional MLS stats show that only 9.6% of homes sold are distressed sales. The pending foreclosures are down to only 6,190 homes. That is a 31.5% decrease from last year.

With year-over-year sales volumes for homes sold being in lockstep, we are afforded a clear picture of the year-over-year changes in sales composition. Normal or traditional sales are up, distressed or investor sales are down. – Provided by ARMLS.

foreclosure 5

Distressed Sales For Scottsdale Arizona

Click on Price Range or Property Feature below to begin:

Under $100,000

$100,000 to $125,000

$125,000 to $150,000

$150,000 to $200,000

$200,000 to $250,000

$250,000 to $300,000

$300,000 to $500,000

Over $500,000

Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam

Mortgage Updates For Chandler Arizona

prepared to work for youIt’s time….let’s work on it together! Find out what sales price you can afford and what payment you are comfortable with for free. I am here to help….call me today 480-248-9008 or apply on my online application link below.

My Online Application Link https://www.bayequityhomeloans.com/jennifer-moore/applynow

 

 

If I were considering financing/refinancing a home, I would….
Lock if my closing were taking place within 7 days…
Lock if my closing were taking place between 8 and 20 days…
Lock if my closing were taking place between 21 and 60 days…
Float if my closing were taking place over 60 days from now…

 

Tuesday’s bond market has opened well in positive territory following more stock selling yesterday. The major stock indexes are in positive territory during early trading, but have recovered only a small portion of yesterday’s 223 point loss in the Dow and 62 points in the Nasdaq. The Dow is currently up 42 points while the Nasdaq has gained 13 points. The bond market is currently up 18/32 (2.22%), which should improve this morning’s mortgage rates by approximately .250 of a discount point if comparing to Friday’s morning pricing. The bond market was closed yesterday for the Columbus Day holiday, but the stock markets were open for business.

There is no relevant economic data set for release today. This morning’s bond strength is mostly due to yesterday’s stock selling and some economic news from overseas that indicated slower economic growth. There is no doubt that bonds have rallied and mortgage rates have moved noticeably lower over the past week or so. However, I am not comfortable shifting to a less conservative stance towards rates just on this move alone. We are due for some profit-taking and possibly a sizable upward move in my opinion. If I was closing on a loan in the near future, I would seriously consider locking at these low rates before that move comes. There may or may not be a little more improvement, but the risk of a sizable upward spike in rates outweighs the potential gain of continuing to float much longer in my opinion.

We have three reports scheduled for tomorrow, all of which are considered highly relevant to bonds and mortgage pricing. September’s Retail Sales report is the first at 8:30 AM ET tomorrow morning. It measures consumer level sales and is very important to the markets because consumer spending makes up over two-thirds of the U.S. economy. If consumer level spending is strong, overall economic growth is likely to be stronger, making bonds less attractive to investors. If we see weaker than expected readings in this report, the bond market should respond favorably and mortgage rates should drop again tomorrow. Current forecasts are calling for a 0.2% decline in sales. Good news for the bond market and mortgage pricing would be a larger decline.

Also set for release at 8:30 AM ET tomorrow is September’s Producer Price Index (PPI). This index measures inflationary pressures at the manufacturing level of the economy and is also considered to be highly important to the bond market. Analysts are expecting to see a rise of 0.1% in the overall index and an increase of 0.1% in the more important core data reading. A larger than expected increase in the core reading could raise inflation concerns, pushing bond prices lower and mortgage rates higher. Inflation is the number one nemesis of the bond market because it erodes the value of a bond’s future fixed interest payments. When inflation is a threat, even down the road, bonds sell for discounted prices that push their yields higher. And since mortgage rates tend to follow bond yields, this leads to higher rates for mortgage borrowers.

The third and final relevant report of the day is the Federal Reserve’s Beige Book, which is named simply after the color of its cover. This report details economic conditions throughout the U.S. by Federal Reserve region. It is relied upon heavily by the Fed to determine monetary policy during their FOMC meetings. If it shows surprisingly softer economic activity since the last report, the bond market may thrive and mortgage rates could drop shortly after the 2:00 PM ET release. If it reveals signs of inflation growing or rapidly expanding economic activity in many regions, we could see mortgage rates revise higher tomorrow afternoon.

Overall, it appears tomorrow is an easy label for the most important day of the week although today’s unexpected bond rally makes today a worthy opponent also. In addition to the economic data this week, there are many companies posting earning reports, including some big names such as Citigroup, GE and Intel. If the corporate earnings releases are generally weaker than forecasts, stocks may suffer, making bonds more appealing to investors. The end result would likely be an improvement in rates. The flip side though is stronger than expected earnings that drive stocks higher, pushing bond prices lower and mortgage rates upward. Accordingly, please maintain contact with your mortgage professional if still floating an interest rate.

find-a-home