Fed to Keep Short-Term Rates Low
The Federal Reserve announced Wednesday that it expects to keep short-term interest rates “exceptionally low” for the next few months. It also underscored its commitment to make $1.25 trillion in total purchases of mortgage-backed securities by the end of year.
Both actions are likely to keep mortgage rates low through the end of 2009.
The Fed failed to raise a cap of $300 billion in purchases of Treasury securities, which could lead indirectly to higher mortgage rates because mortgage rates tend to rise in conjunction with Treasurys.
In response to the possibility of rising mortgage rates, the Mortgage Bankers Association this week cut its forecast for total 2009 mortgage originations by 27 percent.
Source: Inman News (06/25/2009)
DOWNTOWN SCOTTSDALE PROVIDES WIDE ARRAY OF FREE OFFERINGS: Every Every Thursday Night all year - FREE Arts District Art Walk 7 to 9 p.m.
Every Thursday - FREE Museum of Contemporary Arts 10 a.m. to 8 p.m. Civic Center Every Saturday Old Town Farmers' Market 8:30 a.m. to noon at Brown & 1st Ave parking lot Every Saturday and Sunday - Gary the Singing Cowboy and Horse Dusty 1-4 p.m. Old Town streets.
Brian Dunshie
480.522.6818
Russ Lyon Sotheby's International Realty
SOLD THIS HOME IN 74 DAYS (CLOSED 08/09) Papago Park Village is located in beautiful North Tempe. Amenities include 3 pools, RV/Boat storage lot, and Papago Park directly across the street with its equestrian, bicycle, and jogging trails. The park also has a softball field and basketball court. The Rio Salado project is a reality now with boat launching on the Tempe Town Lake and horse rental availability. Papago Park Village is also the closest community to the 100 million dollar Rio Salado Project and the newly filled Tempe Town Lake. Just sitting in the park created there is a treat! Papago Park Village is located only 1.5 miles from Arizona State University, home of the Sun Devils and 5.5 miles from Mesa Community College. PPV is close to Mill Avenue in Tempe which features many restraunts and shops. It is also close to the Scottsdale Fashion Square Mall, which features anchor stores such as Nordstrom’s, Dillard’s, and Nieman Marcus. Arizona Paradise Living in North Tempe's Papago Park Village -1084sf, 2 large Bedrooms, 2 full Bathrooms -Private Gated Patio with mister system. Perfect for your BBQ's and relaxing outdoors -Upgraded Tile Flooring -Upgraded Marble Tile Countertops in both Bathrooms -In unit full size stackable Washer/Dryer unit included -Walk to Papago Park right accross the street -3 Community Pool & Patios -Walk to Tempe Town Lake and launch your boat -Boat storage in community (Boat & RV Parking) -Walk to several Mountain & Hiking Trails -Nearby Horseback Stables & Riding Trails -Covered & Assigned Parking -Park offer Basketball - Volley Ball - Covered Patios & BBQs For more information and to schedule a showing, please contact Brian Dunshie 480.522.6818 Russ Lyon Sotheby's International Realty www.ArizonaParadiseLiving.com Scottsdale Waterfront Office
Summer in the desert can be very “cool”... if you know where to go. The 20th annual Summer Spectacular ArtWalk is sure to be the “coolest” place around on Thurs., July 9 from 7 to 9 pm. This popular event is presented by the Scottsdale Gallery Association and Scottsdale Downtown.
ArtWalkers can “chill out” along Main Street, Marshall Way, Stetson and Sixth Avenue and throughout the downtown Scottsdale Arts District which will be busy with artist demonstrations, gallery show openings, live music, prize drawings, delicious samples from great restaurants and more. There is plenty of nearby free parking, and easy access to local hotels or famed Scottsdale eateries.
The Scottsdale Arts District can be found just west of Scottsdale Rd. along Main Street to Goldwater Blvd. and north of Indian School Road on Marshall Way, 6th Avenue and Stetson Drive to the waterfront. For more information about the 20th annual celebration, visit www.scottsdalegalleries.com. The Summer Specatular ArtWalk is one of the “coolest” events of the summer! Visit www.scottsdalegalleries.com
Brian Dunshie
480.522.6818
Russ Lyon Sotheby's International Realty
LEARN HOW TO BRING THE OUTDOORS INSIDE AT MAY 30 WORKSHOP. How Does Your Garden Grow? Learn How to Bring the Outdoors In on May 30th from 4-7 p.m. at the Design Within Reach Scottsdale Studio at 4821 N. Scottsdale Rd. #101.
Learn how to create living modern sculpture out of low-maintenance cacti and succulents with a hands-on workshop from 4-5 p.m. with Charlie Ray from the Green Room (www.thegreenroomaz.com). You can participate in planting with a $35 materials fee that includes plants and dirt. Linger longer with live music and refreshments until 7 pm.
RSVP by 5/23 to Scottsdale@DWR.com or call 480.970.8800 to be entered to win one of three DWR Rubber Flower Pots.
Brian Dunshie
480.522.6818
Russ Lyon Sotheby's International Realty
www.ArizonaParadiseLiving.com
 |
|
|
Arizona Paradise Living.com - Luxury Homes and Real Estate. For a trouble-free experience, call Brian Dunshie a Luxury Home Specialists with Russ Lyon Sotheby's International Realty.
"Specializing in YOU...and Your Next Castle!!"
Brian, we just want to give you a BIG pat on the back and let you know how happy we are with you. Randy and I both feel that you are so on top of everything and are just wonderful at what you do. We truly feel like we have no worries with you. Honestly, I don't know if I could say that about anyone else. So, again, THANK YOU for all that you do. You're terrific!!! Dr. Randy & Kathi Happy Home Owners in The Groves area of N.E. Mesa
-------------------------------------
Thanks so much for paying attention to the details, and keeping a watch over the house while we were in Nevada. We were only able to purchase this home, due to your personal handling of the entire process.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
