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Rates based on a Loan Amount of $315,000, Loan to Value (LTV) 70%, Credit FICO Score 770 Rates, terms, and fees as 4/22/2022 11:00 AM Central Standard Time and subject to change without notice. Rates are posted daily at 11am Monday – Friday. Rates are not posted on the weekend. Call the Smart Mortgage rate lock line now (888) 999-1350.
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The Moenkopi Formation is a geological formation that is spread across the U.S. states of New Mexico, northern Arizona, Nevada, southeastern California, eastern Utah and western Colorado. This unit is considered to be a group in Arizona. Part of the Colorado Plateau and Basin and Range, this red sandstone was laid down in the Lower Triassic[1] and possibly part of the Middle Triassic, around 240 million years ago.[2]
There is no designated type locality for this formation. It was named for a development at the mouth of Moencopie Wash in the Grand Canyon area by Ward in 1901.[3] In 1917 a ‘substitute’ type locality was located by Gregory in the wall of the Little Colorado Canyon, about 5 miles below Tanner Crossing in Coconino County, Arizona.[4] While in the Great Basin, Bassler and Reeside characterized and named the Rock Canyon Conglomerate, Virgin Limestone, and Shnabkaib Shale members in 1921.[5] Salt Creek (later replaced by Wupatki and Moqui Members) and the Holbrook Member were found and named in the Black Mesa basin by Hager in 1922.[6]