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Keyword: interest

Adjustable-rate mortgages becoming more popular

5/22/2022
Less affordable housing is pushing potential buyers toward buying alternatives such as adjustable-rate mortgages, according to a local economist. More homebuyers are opting to get into …

Housing costs primary reason for Phoenix inflation …

4/20/2022
Phoenix inflation exploding is primarily because of rising housing costs around the Valley, according to an economist from Wells Fargo. According to February numbers from U.S. Bureau of Labor …

Interest rate hikes make homebuying tougher

3/18/2022
A local housing analyst says he expects interest rates to rise for the rest of the calendar year to help battle inflation costs from food to gas prices. But that means it could make it tougher to …

Local advocacy groups call on Arizona legislators to …

4/9/2021
Some local advocacy groups are calling out support of proposed laws that would help bar some fringe lenders from imposing hefty taxes slapped on short-term loans.Officials from the Phoenix-based …

Arizona lawmaker proposes limits on interest rates by …

11/18/2019
PHOENIX — A Mesa GOP lawmaker is proposing what he concedes is a very un-Republican thing. Sen. David Farnsworth has introduced two bills to cap the interest rate that can be charged by title lenders at 36%. That compares with rates that run as high as 17% a month.

Goodyear police seek woman who fled fatal armed …

7/9/2019
Goodyear police continue to look for answers into a robbery attempt that turned deadly when a worker at a fireworks stand shot and killed a suspect. Staffany Ulyssa Montenegro, 25, is a person of …