Grayhawk Scottsdale is a competitive market and very little can get in the way of a homebuyer and their dream home. Not even a jump in mortgage rates. A recent jump in mortgage rates comes after news that the Federal Reserve might reduce its stimulus package resulting in the largest week over week increase since 1987.
Up 3.93 percent since the week of June 27th, rates on a 30-year fixed-rate mortgage increased from 0.8 to 4.46 – a clear result of the recent news regarding the stimulus program. The rates are up 3.66 percent from last year.
While the jump in mortgage rates may slow down some of the real estate activity, home sales should stay strong due to affordable home prices. This is an especially strong prediction since the pace of home sales in May 2013 were at its strongest since fall of 2009. Potential Grayhawk Scottsdale homebuyers are not scared away by the jump in mortgage rates because deals in Grayhawk are too good to pass up.
Please view Grayhawk homes for sale. Grayhawk is one of Scottsdale’s most sought after golf communities. If you’re interested in learning more about the community or viewing a home please contact me at Carmen@TopScottsdaleHomes.com or (602) 791-0536.
Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
www.GrayhawkRealEstate.com
Voted in the Top 3 Realtors in Arizona by the readers of Ranking Arizona Magazine, 2015-2025. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.
