Posts with tag 'Arizona'

When the Mortgage Rate Drops 1%, the Payment Drops By….

For Buyers:
Well the balanced market didn't last long, 7 weeks to be exact. Last month the Federal Reserve gave the housing industry a much needed gift. Not only did they not raise the Federal Funds Rate, they also announced their intention to drop it three times in 2024. Conventional mortgage rates responded by dropping from 7.1% to 6.62% within 2 days. Mortgage rates have now dropped 1.4% since they peaked at 8% in October 2023, saving a borrower nearly $380 per month on a $400,000 loan, a payment decline of 13%. For perspective, each time the rate drops by 1%, the mortgage payment can drop between 9-10% depending on where it started, in many cases saving at least $200/month*. This rate drop was enough to give December's mortgage applications a boost, which could be a precursor to Jan...

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A ONE-OF-A-KIND BOUTIQUE

I don't know how I missed this place all these years, but I just discovered the most incredible boutique filled with unique goodies, homegrown treats, and the most amazing Christmas shopping experience. Orange Patch Too is located on McKellips Rd, just east of Val Vista Dr in Mesa. Their roots date back to 1962 when the Freeman family first started their business as a roadside citrus stand.  The Freeman's have since expanded their business, and over the years have become 'Arizona's Favorite Local Market & Boutique'.

What makes the Orange Patch Too so special is the Freeman family's knack for finding treasures all over the country. There's something new to discover with every visit making it the perfect place to find a one-of-a-kind something. Whether you're treating yourself or hunting for the perfect gift, they have it all - home décor, jewelry, skincare items, candles,...

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