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Hoping to reach more people, Phoenix nonprofit Homeowners Financial Care Fund has changed its name. The group that pays mortgages or rent payments for people when a sick child prevents parents from working has dropped Homeowners Financial from its name and now goes by simply Care Fund. For full article see: http://www.bizjournals.com/phoenix/news/2013/09/25/homeowners-financial-care-fund-changes.html?iana=ind_rre
The Federal Reserve Bank’s decision to keep buying bonds had a predictable effect on mortgage rates that fell to their lowest level in nine weeks. For full article see: http://www.bizjournals.com/phoenix/morning_call/2013/09/mortgage-rates-fall-as-fed-continues.html?iana=ind_rre
The chronic supply shortage that has had a stronghold on the metro Phoenix housing market this past year is finally loosening its grip and may return to a state of normalcy by year end, according to the latest Arizona State Univesity report released Friday. For full article see: http://www.bizjournals.com/phoenix/news/2013/10/04/supply-shortage-in-phoenix-housing.html?iana=ind_rre