Ar_home_b_search
 



western colorado mortgage rates: Are we really going to get sub 5% mortgages???????? - 12/04/08 11:25 AM
There are many stories out there this week that we will be at 4.5% soon..... according to an article in the WSJ yesterday.  The article goes on about how this will be for "new home loans".  Will it happen?  No one is really sure and I bet you are getting that question from your buyers......  5% to 4.5% on a 30 year will equal 30 bucks a month.....  but I want to share with you what is actually happening in the market TODAY.....  
 #1)  I have a client looking to pull cash out to consolidate some bills on a manufactured … (1 comments)

western colorado mortgage rates: What an "E" Ticket Ride in the Mortgage World - 09/09/08 05:03 PM
  For those that are not "seasoned enough" to  
remember "E" Tickets at Disneyland/World it was the ticket to get you on the best and most exciting rides.  I have fielded numerous calls today about what is going on with rates. 
What will they do next?is the biggest question and to be honest,
I really wish I had that flying Delorean  so I could give you all the answer we crave.  But, lets look at the past 2 years for some sense of guidance.  The last 2 falls and winters saw rates drop to the lowest levels of the year.  With the … (2 comments)

western colorado mortgage rates: Did you miss the bottom???? - 02/19/08 09:15 AM

Where you still sitting on the fence 2 or 3 weeks ago thinking that rates would go even lower?
Man I really hate to hear that, I mean rates are still awesome BUT they have gone up.  Still 6% is not bad.  Ok it isn't 5.625% like it was a few weeks ago. BUT lets compare what your payment difference is
On a $150,000 loan your payment 3 weeks ago would have been $863.48 (PI) and now it is $899.33 (PI).
On $175,000 loan your payment would have been $1007.40 and today it will be $1049.21.
On $200,000, your payments went from $1151.31 to $1199.10.
  … (4 comments)

 

Joe Adams

Montrose, CO

More about me…

Major Mortgage USA/Branch Manager

Address: 1521 Oxbow Dr #125, Montrose, co, 81401

Office Phone: (970) 252-1700

Cell Phone: (970) 209-9802

Email Me

<!-- Start of StatCounter Code -->
free hit counter
<!-- End of StatCounter Code -->


Links

Archives

RSS 2.0 Feed for this blog