Arizona Mortgage Rates
In 2006, Phoenix and Scottsdale, Arizona, were ranked by Money magazine as one of the "Best Places to Live". Today, Phoenix is still a popular place to purchase a home. Residents of both Tucson and Phoenix enjoy phenomenal home prices and values. There is a high demand for both condominiums and single-family homes. In light of the oversupply of new homes and the great bargains being offered by builders, it is a market for both buyers and investors. Over the course of the last five years, Arizona has experienced a 231% growth in second home sales. The state also extends attractive mortgage rates. Under Arizona law, individuals may mortgage any interest in real property that can be transferred.