This weeks mortgage update courtesy of Jon Tobias and Nova Home Loans

Week in Review

Mortgage bond prices rose this week pushing mortgage interest rates lower. There were several Treasury auctions and most resulted in decent foreign demand. Stock strength the middle of the week along with higher than expected new home sales put some upward pressure on rates.Volatile oil prices also factored into trading. Saudi remarks indicated they might increase production. This helped stem some of the oil price spikes in the middle of the week but world benchmark prices remained near the $100/barrel mark and US benchmark prices were near $90/barrel as unrest in Egypt continued. Stock weakness and weaker than expected GDP figures led to rate improvements Friday afternoon.

For Sale: 2BR/2+1BA Townhouse in Scottsdale, AZ, $250,000

For Sale: 2BR/2+1BA Townhouse in Scottsdale, AZ, $250,000 Back on the market buyer walked hurry or you will miss it. This fantastic beautiful prestigious North Scottsdale Grayhawk home is back on market approved at the list price by Bank of America. This is a 3 bed/2.5 bath home located in Cachet at Grayhawk gated community. This home has it all fantastic golf, tennis heated pool and spa, club house, and fitness room. This property not last long.  This home is brought to you by Michelle Owens Home Smart Realty www.metrophxrealestate.com

Michelle Your Metro Phoenix Realtor: Arizona bill widens tax-credit donations for schoo...

Michelle Your Metro Phoenix Realtor: Arizona bill widens tax-credit donations for schoo...: "Arizona bill widens tax-credit donations for schools This new bill would provide relief from budget cuts and allow tax payers to make tax cr..."

Arizona bill widens tax-credit donations for schools

Arizona bill widens tax-credit donations for schools This new bill would provide relief from budget cuts and allow tax payers to make tax credit donations towards public school books, computers, and other academic purposes. The current law only allows donations towards extra curricular activities. This is a part of a larger bill called the Economic Relief Act, and it would remain in place till 2014. This bill currently has the support of both the House and Senate. It also would allow public schools to shorten their school year to 170 days lengthen school days to compensate, sell more bonds for building repair, and provide time extensions on debt repayment. The contribution limits would remain the same with $200 for single tax payers and $400 for married tax payers filing jointly. School officials are hoping that by allowing funds to go toward class room education more tax payers will choose to participate in the program. These additional funds could provide a lot of relief for our school systems that are burdened by the budget cuts, and most of all help the classroom where it is needed most.

For Sale: 3BR/2BA Single Family House in Peoria, AZ, $174,900

For Sale: 3BR/2BA Single Family House in Peoria, AZ, $174,900 This fantastic home is not a short sale or bank owned, you get a quick response and this home is fabulous. The pool has been re-plastered, all new paint, carpet, kitchen, master bath. This home is a one of a kind. It features a resort like back yard and RV gate for those with toys that need additional parking space. It is located on a corner lot and faces North.   It is located close to the Peoria sports complex, shopping, restaurants and more.  There are to many features to list hear. Please call or e-mail Michelle Owens, Home Smart Realty your Phoenix metro realtor to schedule a showing.