Mortgage rates
Mortgage rates in AZ. You may ask does it make a difference if you’re in another state, and it does matter. For the most part rates whether in AZ or any other state are going to be very similar, they shouldn’t vary more than a half percent from one another. Rates are also not the exact same at every lender or bank. You will also see that a rate can vary sometimes up to a quarter percent from one lender to another. To take a deeper look into what comprises a rate you’ll realize that there is not a magical ’standard’ if you will that is set across the nation at every bank and lender. You’ll realize that so many variables weigh in that affect what sets your rate that it is no wonder that rates can have such big sways from one side to the other in a matter of days and sometimes hours! 
Rates can be affected dramatically in a day! In our years of experience we’ve seen rates sway up to a whole percent in one direction and by end of day end up one percent towards the opposite direction. It’s almost a guessing game. It should be an educated one, mind you. We are subscribed to an exclusive service that is a proven systematic outlook on what mortgage rates will do throughout the day, with emails or sometimes phone calls alerting dramatic change in the market. We will be open with you communicating with you the entire way and will leave it up to you when you’d like to lock your rate. 
When can you lock your mortgage rate? You can lock your mortgage rate once you have gone through our quick pre-approval process, have found a property and have an accepted contract on the property. If mortgage rates look like they will remain steady and you would like to wait and float your rate and hope for rates to lower you may do so acknowledging that rates could also rise so it’s a risk you take but one you may want to take if you are trying to get a lower rate.
What do points mean? You will always see ads whether on TV or radio with lenders promising low rates, but what they fail to sometimes do is include what they will be charging you to get that rate. For instance you can pay your rate down by paying what are called, points. Points in reality are a percent. So for example one point (or one percent) of $100,000 = $1,000. Any lender can do this it’s just a matter of how much you are paying upfront and if it really is a savvy decision financially for you which we can help you determine so that you make an educated decision.
For more information
Call Edwin Solis 480-201-0461
Jesus Perez 480-344-3678