Economic Update - Where are Rates Headed? - 09/29/11 10:50 AM
 
In a welcome sign of strength, existing home sales rose 7.7% in August to a seasonally adjusted annual rate of 5.03 million units from an upwardly revised 4.67 million units in July. The inventory of unsold homes on the market decreased to 3.577 million, an 8.5-month supply at the current sales pace, down from a 9.5-month supply in July.
The National Association of Home Builders/Wells Fargo monthly housing market index fell one point in September to 14. An index reading below 50 indicates negative sentiment about the housing market.
Retail sales fell 1.2% for the week ending September 17, according … (0 comments)

VA Funding Fee Changes - 09/28/11 04:14 PM
FYI—VA Funding Fees have been LOWERED, and are effective on October 3, 2011…

 
 
 
 
 
 
 
 
 
 
 
 
 
As always, if we can help you with anything, including your VA refinances & purchases, give us a call at 970.455.4131.
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Advice for new mortgage applications: Lock - 09/27/11 12:40 PM
Treasuries remain under pressure as equity markets around the globe rally following yesterday's CNBC report that European authorities were constructing the framework for a rescue plan. Greek leaders appealed for support at home and abroad to avert default before key legislative votes as the U.S. criticized European leaders for moving too slowly to stem the debt crisis. In recent remarks from Tim Geithner and the President the heat is building around the world for something to be done, and quickly. Geithner said Europe has “not very much time” to act. Geithner called on euro-area leaders to beef up their 440 billion-euro … (0 comments)

Can I Re-Lock My Rate if the Fed Moves to Lower Rates While I'm in Process? - 09/21/11 03:05 PM
Today's news by the fed that lower rates may be around the corner stimulated some questions from clients that have recently locked with us.
Can I re-lock a lower rate while my loan is In-Process if the Fed drops rates?
Picking the right time to lock is tough. Fortunately, if there is a significant decrease in rates (.5% - .375%) while a loan is in process, many of our lenders will renegotiate. That is our primary remedy to take advantage of situations where rates drop further while a loan is locked and waiting to close. While Fed actions may improve yields … (0 comments)

Frisco Oktoberfest - A Mountain Town Tradition: Here's What You Need to Know - 09/02/11 02:35 PM
Hurray Beer!
Frisco's Oktoberfest is back after a few years hiatus. The event was on-hold because Main Street vendors & residents felt the event created too many problems. Road closures, long hours, and excessive noise & drinking resulted in a decision that the 'party' be moved.
With the recent development of the Frisco Peninsula area, Oktoberfest was reborn.  A picturesque mountain landscape in a location that makes everyone happy.
I'll be in attendance volunteering Friday evening and definitely NOT volunteering on Saturday. :) If you are in the neighborhood, stop by for some beer, music, food & fun. The event kicks … (0 comments)

Inflation on the horizon? - 09/01/11 06:45 PM
I received this from one of my account executives with his permission to re-post here. I thought this was an interesting report in that it focused primarily on inflation commentary. As always, if there is anything we can do to help you with financing, don't hesitate to contact us at 970.455.4131.
Inflation ClimbsConcerns about the pace of global economic growth continued to drive financial markets, causing investors to shift to less risky assets. This trend was favorable for mortgage rates, which ended the week lower.Debt troubles in Europe, worries about the health of European banks, and weaker than expected economic data … (0 comments)

 
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Jason Berman - Summit County's Mortgage Guy

Frisco, CO

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JBerman Group

Office Phone: (970) 455-4131

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