Pam Irwin - The Irwin Group

09/26/2022

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09/26/2022

Still do... even if I go by myself!!!!

09/26/2022

09/26/2022

My first dinner party in Show Low

02/04/2020

Thought I might retire....got 4 listing today. Guess I’m good at what I do.

07/29/2019

I’m still a realtor....just slowed down some. Check out Arizona City listing....just 40 min from Phoenix east valley and the best bargains around

07/25/2017

U.S. mortgages rate moved lower after two weeks of increases, according to Freddie Mac.

The 30-year fixed mortgage averaged 3.96 percent for the week ending July 20, down from 4.03 percent the previous week.

The 30-year fixed mortgage averaged 3.96 percent for the week ending July 20, down from 4.03 percent the previous week.
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The 30-year fixed mortgage averaged 3.96 percent for the week ending July 20, down from… more

A year ago, mortgage rates stood at 3.45 percent.

Historically low mortgage rates have propelled U.S. home sales and the refinance market.

“Continued economic uncertainty and weak inflation data pushed rates lower this week,” said Sean Becketti, chief economist at Freddie Mac. “The 10-year Treasury yield fell 5 basis points this week. The 30-year mortgage rate moved with Treasury yields, dropping 7 basis points to 3.96 percent.”

Favorable mortgage rates have also aided Miami Valley home sales. After breaking records in 2016, Dayton-area home sales remain vibrant this year. Most recently, area home sales jumped 4 percent in May, according to the Dayton Area Board of Realtors.

The historic low for 30-year rates was 3.31 percent in November 2012.

06/16/2017

The Fed raised policy rates by 0.25% as expected at this week's FOMC meeting. However, the Fed doesn't control mortgage rates, which actually improved slightly.

Inflation rates released this week came in below the expected level. Low inflation helps provide an environment for mortgage rates to remain low as well.

12 of 16 Fed members signaled they expect to increase rates at least once more this year. Markets have been slow to react to the news though.




The number of homes on the market in May fell 10.9% year-over-year, marking 20 straight months of year-over-year declines. However, sales increased 7.5%.

The typical home is currently under contract after an average of 37 days. More than a quarter of homes listed are selling for more than the asking price.

Rising prices are bringing out home flippers again. More than 2/3 of the 44k single family homes flipped in the 1st quarter were by mom-and-pop investors.

05/15/2017

Inflation at the wholesale level, before it reaches the consumer, rose 0.5% in April and is up 2.5% for the last 12 months. Inflation pressures rates to go higher.

The Fed is expected to raise policy rates at their June FOMC meeting. Raising rates will help keep rising inflation in check at the Fed's target of 2%.

There's speculation that the Fed may also raise policy rates again in September. Mortgage rates may be pressured higher now as traders prepare for the hike.




Fannie Mae's Home Purchase Sentiment Index rose 2.2% in April. Five of six components that measure confidence in buying were up for the month.

Forty-nine percent of those that don't yet own a home expect to purchase in the next 5 years. Ten percent say they plan to buy as soon as the next year.

Mortgage applications were up last week, with home buyers fueling the increase. Total applications for loans rose 2.4%, showing strong demand continues.

Now is the time to purchase that home you've dreamed of. Call Pam....let me earn your business. 480-861-0088