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Posts from ‘December, 2008’

Happy New Year 2009

To all our readers I’d like to wish you a very happy New Year 2009. May this coming year bring you much peace and prosperity!

photo credit: sweethaa
Welcome to the Arizona Mortgage Guru blog, a great resource for all your home financing needs. If you’re new here and like the content, you can subscribe to [...]

New Years Resolution: Get Organized

Another year is in the books and it’s that time again. You know… that time when you start making resolutions for the New Year. Yep, it’s that time again. If you’re like me and continually don’t live up to resolutions this is not a good time. However, hopefully this time it will be a lot [...]

Streamlined Loan Modification Now Available

Last week Fannie Mae announced that the Streamlined Modification Program (SMP) would now be available to borrowers. This program is part of an ongoing effort by the GSE to prevent foreclosures. Borrowers of course need to meet certain requirements to participate in the program.
Tammy over at the Arizona Mortgage Team blog has done a nice [...]

Sign of the Times: Divorce Rate Drops

Marketwatch had an interesting story on how divorce rates have fallen during this economic recession. The article appeared this weekend and quotes a Phoenix area family law attorney Bonnie Booden:

Hitched to the economy
Divorce rates drop as couples realize it’s cheaper to stay together
By Marty Orgel
SAN FRANCISCO (MarketWatch) — The recession and economic turmoil is creating [...]

Christmas Eve Service in Gilbert, Arizona

In case you’re looking for a Christmas eve service in the Gilbert area this year, Two Rivers Church is having candle light service at the new location. Two Rivers is a great church and I can say that because it’s our church :-).

Two Rivers is meets at 645 N Gilbert Rd (corner of Gilbert and [...]

Green Alternatives to Asbestos

Last week Jesse Herman, Awareness Coordinator at the Mesothelioma Cancer Center contacted me to see if I would post a public service announcement regarding asbestos.  After reviewing the information I feel it is something our readers could benefit from. Hence, I am posting the information he sent below as is - with only few edits [...]

Fed Funds Rate is at Zero, Prime at 3 Percent

Image via Wikipedia

Amazing. The Fed cut the target federal funds rate to between 0% and 0.25%. This is a significant event in many ways. Rates can not go further down. Which means the only leverage left for the Feds to influence US Monetary Policy will be through their balance sheets (buying/selling assets etc.).
Below is a [...]

Winter is Here in Gilbert, Arizona

It’s been a cold and overcast day here in Gilbert, Az but this is as bad as it gets here. However, that can not be said of the places where we have still have some family and friends:
No surprises here - a high of 4F in Madison today and 40F with rain forecast for Wednesday [...]

Renters May Not Have to Move When Landlords Foreclose on Property

Last week we sold a bunch of things on Craigslist. One person who came to purchase the last baby gate was one who had to move to a new house all of a sudden. This move was because the landlord was foreclosing and by default her life was going to have to change as well. [...]

Mortgage Interest Rates Continue to Fall

Home mortgage rates are trending downwards and presenting homeowners with an opportunity. Freddie Mac says rates are at their lowest levels since 2004 (from MarketWatch):
SAN FRANCISCO (MarketWatch) — Freddie Mac said Thursday that the 30-year fixed-rate mortgage average dropped from a week ago to a four-and-a-half year low as bond yields declined. The 30-year fixed-rate [...]