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Juan Grimaldo | THE GRIMALDO GROUP BLOG

Tuesday, January 19, 2021   /   by Juan Grimaldo

Should I Wait for Lower Mortgage Interest Rates?

Should I Wait for Lower Mortgage Interest Rates?



Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the reality is, acting sooner rather than later may be the actual win if you’re ready to buy a home.
According to Greg McBride, Chief Financial Analyst for Bankrate:
“As vaccines become more widely available and a return to normal starts to come into view, we’ll see mortgage rates bounce off the record lows.”
While only a slight increase in mortgage rates is projected for 2021, some experts believe they will start to rise. Over the past week, for example, the average mortgage rate ticked up slightly, reaching 2.79%. This is still incredibly low compared to the trends we’ve seen over ti ...

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Tuesday, January 19, 2021   /   by Juan Grimaldo

¿Debo esperar a que las tasas hipotecarias bajen más?

¿Debo esperar a que las tasas hipotecarias bajen más?
Las tasas hipotecarias históricamente bajas son una gran motivación para los compradores de viviendas en este momento. Solo en 2020, las tasas alcanzaron récords mínimos 16 veces y la tendencia continuó hasta principios de este año. Muchos compradores de vivienda esperanzados ahora se preguntan si deben poner sus planes en espera y esperar por tasas más bajas imaginables. Sin embargo, la realidad es que actuar lo mas pronto puede ser la verdadera victoria si está listo para comprar una casa.
Según Greg McBride, Analista Financiero Principal de Bankrate:
“a medida que las vacunas se vuelvan ampliamente disponibles y comience a verse a la vista el regreso a la normalidad, veremos que las tasas hipotecarias rebotan de los mínimos récord”.
Mientras que solo se proyecta un ligero aumento en las tasas hipotecarias en 2021, algunos ex ...

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Tuesday, January 19, 2021   /   by Juan Grimaldo

Phoenix bioscience hub has $3B in projects and 7K new jobs in the works

The bioscience sector in Phoenix is heating up and the world is taking notice, as exclusive licensing agreements are forged, lab space is being built and medical schools are expanding.
Construction is underway or about to begin in Phoenix on bioscience health facilities with a capital value of more than $3 billion, according to data compiled by Phoenix Community and Economic Development. More than 7,000 new bioscience health care jobs will be created in Phoenix during this time.
The Translational Genomics Research Institute just forged a worldwide exclusive licensing agreement for its proprietary technology that uses a blood test to catch tumors even before X-rays and CT scans. TGen, an affiliate of the City of Hope, now has a deal with Madison, Wisconsin-based Exact Sciences Corp. (Nasdaq: EXAS)
The new technology measures DNA in the blood to identify any cancer DNA, said Dr. Jeffrey Trent, founder and medical director of TGen.
"It's particularly useful for early detection of recu ...

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Monday, January 18, 2021   /   by Juan Grimaldo

Tempe approves mixed-use project planned for Macayo's site

The Tempe City Council unanimously gave approval to a plan by Phoenix-based Red Development to redevelop the Tempe Macayo’s Depot Cantina site into a mixed-use development, which also will preserve and restore the train depot on the site.


Red Development is planning to build a 17-story office tower totaling 319,000 square feet on the northern portion of the 2.5-acre site near Third Street and Ash Avenue, which is bisected by the light rail tracks, according to plans submitted to the city of Tempe. Plans call for constructing the two towers around and over the light rail tracks, creating a space where the train will travel through the buildings.


The office tower will include 10 stories of commercial office space, which the developer’s application to the city said will “entice creative tenants to meet today’s market need and future growth who can benefit from the downtown district.”





For the second tower, Red Development is planning an 18 ...

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Monday, January 18, 2021   /   by Juan Grimaldo

How to Make the Dream of Homeownership a Reality This Year

How to Make the Dream of Homeownership a Reality This Year



In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one of those common goals is owning a home: a piece of land, a roof over our heads, and a place where we can grow and flourish.
If you’re dreaming of buying a home this year, start by connecting with a local real estate professional to understand what goes into the process. With a trusted advisor at your side, you can then begin to answer the questions below to set yourself up for home buying success.
1. How Can I Better Understand the Process, and How Much Can I Afford?
The process of buying a home is not one to enter into lightly. You need to decide on key things ...

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Keller Williams Realty Elite- The Grimaldo Group
Juan Grimaldo
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Goodyear, AZ 85395
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