Arizona Real Estate Notebook

30-year fixed-rate mortgage, average in Western U.S. for week ending September 6, 2007.

“In other news, the most recent Conventional Mortgage Home Price Index (CMHPI) release issued by Freddie Mac reported that on average, national house prices grew by 0.1 percent in the second quarter, the slowest quarterly house price growth since the fourth quarter of 1994. For the past 12 months, house prices appreciated 3.3 percent, the slowest rate in 10 years.”