Click the Photo for a Full Slideshow of Home Photos

Head up the hill on Fox Hill for the reward of this home at the top! This wonderful Flagstaff Country Club home backs up to state land offering you open space with trails all the way to Walnut Canyon. The home is newer than most of its Country Club neighbors and is a single-level beauty. The large patio and full windows of the great room and master and guest bedrooms offer a peaceful forest-like view.

All the essential living space in this Flagstaff home is on one level, including a great room, formal dining room, office. The huge master suite is on one side of the home and has its own exit to the patio. The other bedrooms are found on the opposite side of the main floor. There is a nice bonus room upstairs which you can use for recreation, work or even as a bedroom. That's a perfect spot to plant the teenagers or pop a skylight or two into the already light-filled room and you’ll have that artist’s studio you’ve always dreamed of. 

Brand new carpet, appliances and much more make this Flagstaff home move-in ready. The great room, including living area and kitchen, features a soaring ceiling, a kitchen with breakfast bar and a generous eating area, which is adjacent to one of the patio exits. The flowing, one-level, floor plan gives a smooth transition to foyer, office and formal dining room. You’ll find muted, custom tile accents throughout the main floor.

Depending on how you want to use the rooms, there are four or five bedrooms in this Flagstaff home. For those who need offices at home, this house offers plenty of space for two home offices. The lovely master suite features a large bedroom with fireplace and a bathroom with garden tub, separate shower, private commode, and walk-in closet.

Fabulous neighborhood amenities, which, for a miniscule annual fee, include two swimming pools (one just for the kids), tennis courts, exercise equipment, and more. Full Membership in Continental Country Club is extended to homeowners within Continental Country Club's HOA.

Don’t just do a drive-by on this great Flagstaff home at 2002 N. Fox Hill.

Call Ann Heitland at RE/MAX Peak Properties to see this Flagstaff home "live." 928.714.0001

Flagstaff home lenders are seeing rates edge up this week, they tell me. Meanwhile, Freddie Mac announced its weekly survey of mortgage rates for the last week and for yet another week, rates reached a record low. This could be the bottom on the mortgage rates.

The difference between what rates were in April and what they are now is nearly three times the value of the now expired homebuyer tax credit, according to a story I heard on Flagstaff's NPR station today. (That's over the life of the loan -- so you're not likely to own your Flagstaff home that long, but it's still a significant deal!)

To see all the Freddie Mac mortgage rate charts for the week, click here.

For a list of Flagstaff mortgage brokers to consult as you plan your Flagstaff home purchase, click here.

To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

National Association of Realtor^® economist Lawrence Yun called the organization’s home sales results for July a “pause” and predicted the “pause” would last at least through September. Single-family home sales dropped 27.1% to a seasonally- adjusted annual rate of 3.37 million in July from a pace of 4.62 million in June, and were 25.6% below the 4.53 million level in July 2009.

The median existing single-family home price was $183,400 in July, which is almost 1% above a year ago. Meanwhile, the supply of homes relative to sales skyrocketed. That spells lower prices in the coming months.

The last time existing home sales were so few in any single month was May 1995 when the sales rate was 3.34 million and I was last trying to sell a personal home. That sale took a year – I was stubborn seller and didn’t listen to my real estate agent about where the market was going. Read the full press release from the National Association of Realtors® here.

Distressed property sales accounted for nearly the same number of sales in July as in June – 32% and 31% respectively. That’s unchanged from a year ago, when distressed home sales were 31% of all sales. Count of that to remain unchanged a year from now as banks trickle out their inventory of foreclosures.

Here are some graphic illustrations of where the national home sales market is, thanks to Reuters News Service:

To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

Emergency workers have reported that Timberline and Hutchison Acres residents are digging in County rights-of-way in the Schultz Flood areas and, in some instances, are dangerously digging up utilities in the process.  Coconino County issued a press release on August 19 reminding residents of the flood areas that the County and the Arizona All Hazards Incident Management Team have workers in the area on a daily basis digging out drainage areas and trenches and cleaning out culverts.  

Residents are advised to dig only on their own private property and to call Blue Stake prior to digging (1-800-782-5348).  Blue Stake officials will visit the property and identify all underground utilities.  To request a Blue Stake, or for more information on the Blue Stake process, visit www.azbluestake.com.

Residents are also reminded that Arizona Revised Statute 45-112 prohibits property owners from changing the natural water flow pattern on and around their properties.  To change the natural flow pattern could result in diverting water onto their neighbor’s property and creating problems downstream.

Source: Coconino County Press Release, August 19, 2010

The latest national mortgage rate survey showed the average 30-year mortgage rate .02% lower than the prior week. The rate continued below 4.5% when seven/tenths of a point was paid at closing to obtain the rate.

"Investors in long-term bonds appear very confident that inflation will remain in check, and as a result long-term fixed mortgage rates have continued to fall,” said Amy Crews Cutts, deputy chief economist, Freddie Mac. Last week marked the ninth straight week in Freddie Mac’s Primary Mortgage Market Survey^® that 30-year-fixed mortgage rates have met or set a new record low.

Here are the numbers from Freddie Mac’s press release of August 19:

To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

My Flagstaff Back Yard at Dawn

I’m just back from a six-day vacation and the Flagstaff real estate market seems to be heating up as the Flagstaff weather cools down. Two offers have arrived on my Flagstaff home listings this week and showings on nearly all the listings have increased.

I’ve seen Flagstaff mortgage broker rate sheets with interest rates for 30-year fixed rates at 4.25%. Mortgage rates are below 4% on 15 and 20-year home loan programs. No wonder buyers are coming out in droves! (Well, at least they are coming out in pairs.)

Yesterday morning I attended a very informative Northern Arizona Association of Realtors^® breakfast meeting. The state association lawyer spoke briefly, providing updates on current issues related to transactions – and especially short sales.

Then three representatives from Coconino County brought us up-to-date on the flood problems in Timberline, Fernwood and Doney Park. County Manager Steve Peru brought a great map and explained that the County and U.S. Forest Service are making an all out effort to alleviate future flooding following the Schultz Fire burn earlier this summer. County Assessor Christine Mazon provided information about re-assessment of properties that have been damaged by the flooding – I’ll be doing a separate blog post about this soon. County Supervisor Mandy Metzger, whose district includes the flooded areas of Doney Park, spoke about the status of efforts to obtain Federal Emergency Management Agency assistance (not likely because the flooding hasn’t left standing water of twelve inches in any homes) and further assistance from the U.S. Forest Service. A team of scientists and engineers is soon to arrive in Flagstaff to study the area and make recommendations. We’re all looking forward to the day we can think of these areas as some of the most beautiful spots to live in Northern Arizona – just as we have for years.

To buy or sell any Flagstaff home, please contact me:

Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

Here's a townhome in the much-sought-after Oak Park Manor Townhome Complex in Flagstaff. Real estate investors take note: your property will be right across the street from Flagstaff Medical Center, a few blocks from downtown, and an even shorter distance from the US Geological Survey (USGS) and Northern Arizona Center for Emerging Techologies.  You can offer your tenants a fabulous view of the San Francisco Peaks. (Maybe you'll just want to keep it as your Flagstaff second home?) Folks love these townhomes for their location and for the spacious floor plan featuring vaulted ceilings and skylights.

This Oak Manor unit is special because it has a large, fenced yard – many of the Oak Manor townhomes have only decks or much smaller yards. This one has low-maintenance, natural landscaping. An additional special feature of this particular Flagstaff townhome is the view – I’m told that it is the only home in the Oak Manor complex where the San Francisco Peaks can be viewed from inside. Indeed, the mountains appear like a framed picture in the window of the living and dining rooms and they are also seen spectacularly from the front deck. This is an end-unit so it has lots of natural light!

You’ll love the high-quality carpet as well as the laminate flooring in this Flagstaff townhome. The master suite features a skylight in the bath, a walk-in closet and its own private deck. This entire unit is in excellent condition. Two-car garage plus exterior guest parking. Furnishings are available to the buyer.

Don’t miss this opportunity to be in the heart of north-end Flagstaff activity in one of Flagstaff’s best townhome complexes. The best value in the area!

For your personal showing, give me a call: 928-714-0001.

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To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

There is no other way to say it: July was a dismal month for Flagstaff real estate sales. Home sales volume was down 25% from a year ago.The median price of single-family-homes sold in Flagstaff in July was off 6.3% from a year ago. Over 27% of the Flagstaff homes sales in July 2010 were distressed properties (bank-owned or short sales).

The good news is that there are a significant number of Flagstaff homes under contract to sell and if all of them closed in August (an unlikely event), the number of homes sold in August would be more than twice the number sold in July. In July, fifty-five single-family-homes sold in Flagstaff. (My Flagstaff home sales numbers differ from those reported in the Arizona Daily Sun because of differences in how we define “Flagstaff” home sales. I include rural metro homes but only homes with "Flagstaff" in their address. All numbers are based on reports to the Northern Arizona multiple-listing-service and may not include all sales in the market area.)

The even better news for buyers is that home loan rates are staying at record lows. Combined with lower prices than we’ve seen for Flagstaff homes for years, the home affordability picture for Flagstaff has changed dramatically.

Here is the home price and inventory breakdown for Flagstaff home sales (single-family only) based on July 2010 sales:

Clearly, most of the fifty-five homes sold were in the lower price ranges. But would-be Flagstaff buyers are not celebrating very hard because the market in those lower home price ranges is not a buyers’ market. The power of buyers vs. sellers in the lower price ranges is quite balanced. (The National Association of Realtors^® assumes 6-months’ supply of homes for sale in any real estate market is “balanced.”)

Of course, buyers in the lower price ranges can turn to a Flagstaff townhome, where they will find over 15-months’ worth of townhomes for sale. The median price of Flagstaff townhome sales in July was $255,000 – no great bargain homes! Flagstaff condo sales volume was steady as compared with June, and with a year ago. Prices for Flagstaff condos are down only slightly from the original apartment-to-condo conversion prices.

In sum, pressure continues to build on Flagstaff home prices. The question is, when are sellers going to yell "uncle" -- or maybe they won't and we'll be at this low sales level for the next 4 years?

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To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Home loan rates continue to be one big incentive for home buyers (in addition to lower prices) – but homebuyers don’t seem to be taking the bait. Freddie Mac’s weekly mortgage market rate survey showed rates hitting another forty-year record low. Meanwhile, the Mortgage Bankers Association showed applications for home loans barely budged, and refinancing applications took up a larger share of the total number of applications. 30-year fixed rates continued to come in well-below 5% for homebuyers in Flagstaff this week as well as across the country.

See Freddie Mac charts of weekly home loan rates here. (I’m on vacation, so am not spending the time to download and republish the charts this week.)

Jobs numbers (the all critical key to improvement in the housing market) did not come in as well for the week as economists had hoped, but private sector employment was up – no matter how dismal the headlines may have seemed yesterday.

One Federal Reserve governor registered a strong dissent from the continued low rate posture the Federal Reserve continued to take this week. While Federal Reserve rates do not directly relate to mortgage rates, what the Federal Reserve is thinking about the economy does provide clues as to where the housing market is headed. Governor Hoenig said, “Job growth may be less than hoped for but is positive nonetheless. While we are not where we want to be, the economy is recovering, and, barring specific shocks and bad policy, it should continue to grow over the next several quarters."  If that’s true, mortgage rates may be as low as we’ll ever see them.

Hoenig, who is president of the Kansas City Federal Reserve, is worried about the flat-lined CPI number pictured here. He doesn’t want it to sky-rocket as we come out of recession, forcing interest rates higher on recession fears and potentially suppressing the recovery. Most economists believe inflation fears should currently be the least of our worries. We’ll see.

This Dog Loves Living in Flagstaff!

Yesterday, I had the pleasure of introducing some Washington transferees to Flagstaff. They came with their three dogs. I was happy to show them some homes and also to be able to show them that Flagstaff is a pet-friendly town!

The City of Flagstaff provides two off-leash “bark” parks – at the north end of Thorpe Park on the west side of town and in Bushmaster Park of the east side. All dog-friendly dogs are welcome to play in these double-gated areas of about 1.5 acres each.

There are plenty of hiking trails in and around Flagstaff and all dogs on leashes are welcome to run or walk with their people.

Flagstaff folks have created a not-for-profit shelter in addition to the Coconino County Humane Society. This is Second Chance Center for Animals, in north east rural Flagstaff. Second Chance provides this list of pet-friendly Flagstaff hotels.

Here’s my favorite Flagstaff boarding center for dogs (and cats): Cinder Hills Boarding Kennel. It’s a bit of a drive from central Flagstaff and there are in-town alternatives, but Cinder Hills has the most highly trained hosts and individual accommodations for each animal or family of animals. They have expertly provided medicine for one of my chronically ill pooches and happily taken others from hikes in the forest.

So, if you have any doubt about Flagstaff and pets – erase those thoughts right now!

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To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

Flagstaff Home for Sale

This home offers a rare opportunity for a larger, four-bedroom home in Coconino Estates. You’ll find it on one of the most-desired streets in this popular Flagstaff neighborhood. Best of all, this home has been occupied by the same family since the builder turned it over to them in the early 1970s. The "bones" of the home are solid and the location can't be better in Flagstaff. So, if you've been waiting for the price reduction, wait no more -- it happened today!

This home has features of a new home, including brand new energy-efficient windows and sliding patio door! There are two furnaces which separately regulate comfort upstairs and down -- each installed new in recent years. The hot water heater is nearly new as are the kitchen appliances. Even the sewer line is been redone. Only the surface looks dated and at this new price you can fix that to your taste in a jiffy!

The floor plan offers plenty of space, including both a living room and a well-separated family room, plus an office. The home has a large, eat-in kitchen, and also a formal dining room. Four bedrooms, 2.5 baths and a laundry room with sink complete the roominess of this wonderful home. Pocket doors separate kitchen from dining room and family room so one part of the family won't disrupt the other's fun.

The front yard is beautiful and traditional while the backyard is all Flagstaff - a place for adventure among rocks, pines and native grasses. There is even a fenced area to play with the dog.

For those who want to be in the heart of Flagstaff’s northwest side residential area, this is the home!

Get more photos and details on the property by clicking here and call me now to learn more:

Tonight is Flagstaff's monthly (year-round) downtown street party, otherwise known as First Friday Artwalk. This week's event is likely to be packed because the Arizona Cardinals have brought huge crowds to town for their annual training camp at Northern Arizona University. (I had to take a back road to get home tonight because of Cardinals' traffic and I-40 ramp repair closures.)

This weekend, Theatrikos Community Theater opens its production of Laughing Stock, part of the Theatrikos comedy season. Enjoy it tonight, Saturday night or Sunday afternoon -- or one of the coming weeks on the schedule.

It'll be a fun, if somewhat rainy, weekend in Flagstaff. Enjoy!

Mortgage rates hit new record lows this week, according to the weekly survey most followed in the industry. Freddie Mac’s Primary Mortgage Market Survey^® showed 30-year and 15-year fixed-rate mortgages reaching new interest rate lows. (The 30-year fixed-rate survey began in 1971, and the 15-year began in 1991.)

The 30-year fixed-rate mortgage averaged 4.49% with an average 0.7 point given to obtain that rate for the week ending August 5, 2010, down from last week when it averaged 4.54% percent. Last year at this time, the 30-year rate averaged 5.22%.

One local Flagstaff mortgage lender quoted 4.25% with zero points on Friday.

Poor economic news is good news for rates. Bad economic news came in waves this week. On Thursday, Gross Domestic Product statistical adjustments showed the economy grew more slowly in 2009 than previously reported. On Friday, unemployment news was worse than expected, with private sector jobs growing – but growing more slowly than anticipated by economist. Also, the census work this year was so much more efficient than usual that government census workers were laid off earlier than in past census years.

This mean there is not much likelihood of inflation which will relieve the pressure on long-term bond rates. That helps mortgage rates. The Federal Reserve may take action to stimulate the economy next week, but it’s unlikely the Fed will change its rates.

Here are the numbers from Freddie Mac’s mortgage rate survey for the week ending August 5, 2010:

To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

I'm just downloading the statistics for July home sales in Flagstaff and the picture is not pretty. For those who like to follow Flagstaff home prices, you'll be pleased because the median home price was stable -- even slightly up.

The ugly news behind that is that there were many fewer sales in July than in June. And there were fewer sales in July 2010 than in July 2009. Meanwhile the inventory of homes for sale remained stable -- in other words, the absorption rate shot up.

More details here on July home sales in Flagstaff within the week. Meanwhile, hold onto your hats, the Flagstaff home price reductions have already begun: Daily Market Snapshot for Northern Arizona real estate.

Meanwhile, the National Association of Realtors^® today released its monthly report on pending home sales as an aggregate of reports from hundreds of MLS services around the country. The index reached a new low (the index is only a decade old). Flagstaff home sales data often does not track the national data, but for what it's worth, here's what the NAR chief economist had to say: “There could be a couple of additional months of slow home-sales activity before picking up later in the year, provided the job market continues to improve,” he said. “Over the short term, inventory will look high relative to home sales. However, since home prices have come down to fundamentally justifiable levels, there isn’t likely to be any meaningful change to national home values."  Let's see if I can say something that optimistic about Flagstaff real estate later this week.

To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

If you are short on cash and just cannot make all of your Flagstaff home loan payments in one month, make the right choice. Your “second mortgage” is called that for a reason – it’s second in line. Whether this was a second mortgage put on the property at the time you purchased your Flagstaff home or a home equity line of credit (“HELOC”) doesn’t matter. If you are making tough choices, choose to pay the first mortgage loan payment in full and skip the second.

Your second mortgage lender is unlikely to foreclose in this real estate market. According to Chris Combs, lawyer for the Arizona Association of Realtors^®, “the reasons are: one, the second mortgage lender may then have to pay the first mortgage loan or lose the property to foreclosure; two, there is generally no equity in most homes subject to foreclosure; and, three, the second mortgage lender would not be able to pursue any deficiency claim against the owner of the home after the foreclosure.” Arizona is an “anti-deficiency” state, which means that lenders cannot pursue collection claims after foreclosure if the home was a single-family-residence actually used as a home (whether by the owner or a renter). This doesn’t mean you are protected from attempts to collect on the loan – it just means the legal process of foreclosure is unlikely to be invoked by the second lender.

If you can’t keep up your Flagstaff home loan payments, the best thing to do is consider whether you are eligible to refinance or restructure your loans, or whether you are eligible to sell short. If you want to stay in the home, the first option is one you should pursue with your current first lender. If you need to move, give me a call to consult about the short sale option. Stop losing sleep over foreclosure!

The above is for informational purposes only and is not intended as definitive legal or tax advice. You should not act upon this information without seeking independent legal counsel. If you desire legal, tax or other professional advice, please contact your attorney, tax advisor or other professional consultant. These issues are not “black and white,” so experienced attorneys and brokers may disagree.

My phone: 928-714-0001

My website: www.BestFlagstaffHomes.com

Backyard in Timberline after 6th Flash Flood

Doney Park, Timberline and Fernwood community residents are invited to attend a special combined Neighborhood Watch meeting on Tuesday, August 3, 2010, beginning at 6:30 p.m. at Cromer School, 7150 East Silver Saddle Road, Flagstaff, AZ. Coconino County Sheriff Bill Pribil and Supervisors Mandy Metzger and Liz Archuleta will be at the meeting to share information about the on-going flood emergency in these rural Flagstaff neighborhoods.

Tuesday’s meeting will be dedicated to updating community members on the progress that has been made on flood mitigation in the affected neighborhoods as well as plans for future work.  Presenters from the following organizations will speak:  Coconino County Public Works, Arizona State All Risks Incident Management Team, Burned Area Emergency Response Team, Summit Fire Department, U.S Forest Service-Rocky Mountain Research Station, and the National Weather Service-Flagstaff.

On Monday, Coconino County opened the Schultz Fire/Flood Assistance and Information Center (FAIC) at 7121 N. Highway 89 (just south of the Townsend/Winona Road intersection). FAIC will connect flood victims with social service and volunteer agencies and resources in a one-stop location.  These services range from assistance with home repairs, to financial advice, to counseling services to deal with the tragedy and loss they may have experienced.

The Coconino County Public Health Department has extended clinic days for tetanus and hepatitis A immunizations. The shots are free to residents of the flooded areas and to volunteers who have worked in these neighborhoods to assist in flood recovery and protection. Tuesday and Thursday late afternoon and evening at Cromer School; other days at King Street.

Neighborhood Watch is similar to the Block Watch program commonly conducted in urban areas, and goes back to the concept of “neighbors looking out for neighbors” that many people remember from 30 years ago.  It is one of the most effective ways to prevent and deter criminal activity, attend to home and personal security, address the safety of our children and the elderly and to alleviate fear and isolation.  Residents will learn how to observe and report suspicious activity and reduce the risk of becoming a crime victim. For more information about the Neighborhood Watch program and the meeting schedule, please call the Coconino County Sheriff’s Office at (928) 226-5089.

Flagstaff’s Continental Country Club is donating all of the greens fees and cart fees collected Monday August 2, 2010 to the Schultz Fire & Flood Relief Fund. This fund will benefit the more than 90 Flagstaff area families that have suffered losses due to the Schultz fire and subsequent tragic flooding in Northeast Rural Flagstaff.  This is not a tournament so no registration is required other than usual tee-time booking.

There will be contests on all par 3's, with the opportunity to win prizes, including rounds of golf from Continental and other golf courses. Continental will give away a 2011 season's golf pass to any hole in one at Continental on Monday! (An additional donation is required to participate in these contests.) Also, there will be silent auctions for foursome's at some of the finest courses in Arizona. 

In addition, Continental Country Club will donate 10% of all merchandise sales on Monday at the pro shop to the fund and an additional $20 dollar donation nets you a 20% discount on one item and a $30 donation nets a 30% discount on up to three items. (This offer excludes some golf clubs.)

Call the Pro Shop at 928.527.7997 to book your tee time, or if you can’t play Monday, stop by (until 7 p.m.) and shop in the Pro Shop! Take a break and help some Flagstaff neighbors victimized by fire and flood.

UPDATE: Silent auction runs through Friday at 5 p.m. Stop by the Pro Shop!

Fabulous Kitchen in Flagstaff Home!

The kitchen remodel in this Flagstaff home is fabulous! And, so is the rest of the home. Location, location: Close to the most sought-after trails in Flagstaff and nearly equidistant from downtown Flagstaff and the Flagstaff Mall.

Among the many wonderful features you’ll find inside this Flagstaff home:

·         Lovely and highly functional cabinetry

·         Jenn Air convection/microwave oven in stainless to match other new applicances

·         Wood-burning fireplace with glass front offers romantic ambiance with energy-efficiency

·         Wood-burning stove with slate-tile hearth – double-down on that last feature!

·         Two vanities in master bath and plenty of closet space

·         Fenced back and side yard

·         Vaulted ceiling

·         New, energy-efficient windows

This four-bedroom Flagstaff home is priced to sell in this great buyers’ market.

Don’t miss this opportunity: See all the details of this featured Flagstaff home as listed in the Northern Arizona MLS.

The Freddie Mac weekly mortgage market survey has been in existence since 1971. Last week, both 30-year and 15-year fixed rate mortgage prices reached record lows. The average 30-year fixed-rate mortgage was 4.54% with an average 0.7 point given to obtain that rate.

On any given day, rates may be different from the average and if you are obtaining a “no points” mortgage, your rate is likely to be slightly higher than the average here (with its .7 point cost).

This is the sixth week in a row that home loan rates have fallen. Here are the numbers:

You cannot lock these historic rates until you have a contract to purchase a home! Get qualified today with one of Flagstaff's mortgage brokers and then call to start your Flagstaff home search: 928-714-0001.

To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

The Freddie Mac weekly mortgage market survey has been in existence since 1971. Last week, both 30-year and 15-year fixed rate mortgage prices reached record lows. The average 30-year fixed-rate mortgage was 4.54% with an average 0.7 point given to obtain that rate.

On any given day, rates may be different from the average and if you are obtaining a “no points” mortgage, your rate is likely to be slightly higher than the average here (with its .7 point cost).

This is the sixth week in a row that home loan rates have fallen. Here are the numbers:

You cannot lock these historic rates until you have a contract to purchase a home! Get qualified today with one of Flagstaff's mortgage brokers and then call to start your Flagstaff home search: 928-714-0001.

To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.