Tom Hoobler VP of Mortgage Lending NMLS #625738

11/17/2025

Monday Morning Mortgage Update

The mortgage market opened this week with stable movement and no major surprises. Bond markets are holding steady, and housing activity across Arizona continues to normalize compared to the rollercoaster we’ve seen the past few years.

Here in the Phoenix area, we’re seeing:
• More inventory hitting the market
• Longer days-on-market
• Prices holding relatively steady across most neighborhoods
• More sellers offering concessions to help buyers with closing costs or buydown strategies

This creates a healthier environment for buyers and still strong opportunities for sellers who price their homes strategically.

If you want a personalized payment breakdown or updated prequalification, message me. One direct conversation will give you more clarity than any headline.

— Tom Hoobler, Mortgage Loan Officer (NMLS 625738)

Looking to join NEXA Mortgage, start here:

06/30/2025

Monday Morning Mortgage Update:
Phoenix housing market is undergoing a correction, no crash.

Much of the Phoenix housing market is in a buyer's market, and prices are starting to cool. Zillow reports a 3.5% decrease in average home value year-over-year. Listings are on the rise, with some areas at a 10-year high.

Domestic migration to Phoenix reported a net loss for 2024 to 2025. Even so, Phoenix remains one of the fastest-growing regions in the US, driven by technology, healthcare, and manufacturing.

The rental market remains robust due to high home prices and rates.

There's growing interest in walkable urban living areas—downtown and Tempe are examples.

Rates remain largely flat, with analysts adjusting expectations to only gradual or limited rate cuts. Rate cuts may give some who locked in higher rates last year a chance to refinance

02/19/2025

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01/23/2025

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01/17/2025

MARKET INFO:
The Fed’s Beth Hammack told the Wall Street Journal the US still has “an inflation problem,” as evidenced by the market’s expectations of just one 25 basis point cut in 2025. Nonetheless, the bond market experienced a post-CPI rally that pushed interest rates about 20 basis points lower. Prices on mortgage-backed securities also rallied, resulting in mortgage rates dropping by about 20 basis points.

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