Market News 

For most people, financial journey starts with purchase of primary residence. A simple mortgage calculator helps estimating monthly payment and then deciding the affordability. Recent mortgage rates are also displayed here for checking rate trend. To get accurate rate in local area, please consult with mortgage professional.

Mortgage Calculator
Enter loan details & click the CALCULATE button, or, hit Tab or Enter key
Purchase price $ (if this is the loan amount, enter 0 in below Down Payment)
Down Payment as % %   (3, 10, 20, etc.) Down Payment $
Mortgage Rate %
Term of Loan Years
Monthly Payment $ (only includes principle & interest)
Loan Amount $ (the money you will borrow)
Number of Payments

Mortgage Rate (贷款利率) powered by MortgageCalculator.org

To predict mortgage rate in near term, pay attention to bond yields as mortgage rate is highly related to bonds such as U.S. Treasurys because they compete for investors looking for a safe and stable return. Mortgages are longer-term and higher risk than most bonds, and therefore offer a slightly higher return. Trend chart shows the high correlation between 30-year fixed rate mortgage and 10-year treasury yield.
House price went up a lot after 2010 in Arizona. Below are house price trends of 20 years in Phoenix and Tucson Metros from MLS non-seasonally adjusted (NSA) data. Both prices are way above the bubble peak.

The price graph shows sales prices (nominal price), but it is also useful to look at prices in real terms (inflation adjusted) for comparing investments and for long-term investment. As an example, the median home price in Phoenix Metro was $124,500 in January 2000, which would be close to $180,500 in September 2020 after adjusted for 45% inflation from January 2000 to September 2020.

Historical chart reminds investor the high risk at the top of real estate bubble, and goldarn opportunity after the bubble burst in Phoenix house market during approximately one year window.

House price in Phoenix city from Januay 2000 to December 2012

Source: www.trulia.com 2013

Here are some useful websites or information on real estate.
http://www.pulte.com (I worked for Pulte from 2007 to 2011)
http://nces.ed.gov  (US Department of Education school search)
http://www.azdps.gov  (Locate/Find sex offenders in Arizona)
https://tarf.azda.gov  (Search termite history in AZ properties)

- Do I need to buy renter insurance? The answer is Yes.
- AC energy-saving Tips by SRP. Actually, US Dept of Energy recommends the lowest AC temperature is 78 degree.
- If you want to return a purchase, please read FTC rules.
- Here is the link to AZ Residential Landlord and Tenant Act.

第九届圣地亚哥国际龙舟比赛 C组亚军队。San Diego,2018
  Delex Realty
6170 W Chandler Blvd #14
Chandler, AZ 85226