Mortgage Rates in Denver, CO: Market Update by RJ Baxter 2-28-2011 - 02/28/11 10:46 AM
Mortgage Rates in Denver, CO: Market Update by RJ Baxter 2-28-2011
After weeks of rising mortgage rates in Denver, CO and nationwide, rates improved significantly last week. 
However, the good news on mortgage rates in Denver, CO was for bad reasons as the Libya conflict sent oil soaring and cast doubt that the economic recovery will continue with higher oil prices. 
Although the US gets only a small fraction of it's oil from Africa and Libya, the fear resulting from violence in Libya and other Mideast countries sent oil higher and cast global doubt on the stability of economies.  As a result money flowed into … (0 comments)

Colorado Mortgage Rates Improve Slightly on Data - 02/15/11 01:18 PM
Colorado Mortgage Rates Improve Slightly on Data
This week is bringing us a heavy dose of economic data, with some of the key releases today.
One of the biggest market-movers was the release of retail sales, up 0.3%, which would normally be a good thing, but the markets were expecting a better number, and on the news, the stock market has faltered.  The good news is that negative economic data has the opposite effect on Colorado Mortgage Rates, and rates have fallen slightly since the release.
However, there were a few reports that came out good, but not great, which has … (1 comments)

Mortgage Market Update for 2/14/2011 - 02/14/11 05:54 PM
Last Week in Review, by Lou Barnes, RateWatch
Economic optimists remain firmly in charge of markets and the media, and the search for data to support their view.      --- Wait! A Not-News flash! The administration has at last released its Fannie-Freddie study, which contains three plans that will not be enacted. Nor will any until housing and the financial system recover, which they may or may not given current underwriting. Home mortgages total more than the national debt, and we don't know what to do with that, either. Bi-partisan criticism of the GSEs will continue, as Fannie and Freddie are no … (0 comments)

FHA Home Loan Website Upgraded - 02/04/11 06:03 PM
FHA Home Loan Website Upgraded
Our FHA Home Loan website has been upgraded significantly.  The new website is now much more user-friendly and has a more professional look and feel.
The site is geared toward helping prospective home buyers and home owners get their FHA Home Loan questions answered by an FHA Home Loan expert.  There are many articles on the website about key FHA Home Loan concepts and guidelines.
Within the site, you can find information on the FHA Streamline Refinance program as well as other FHA refinance programs.  There is also a plethora of information about buying a home … (0 comments)

Realtors: What Are Your Top Three? - 02/04/11 05:35 PM
Over the years, working with many different Realtors on many transactions, I don't understand why this simple question is rarely asked. 
"What are the top 3 things that I can do to deliver a oustanding experience for both you and our clients?"
More lenders should ask their Realtors this question!  Instead of guessing, doesn't it make sense to ask?
It seems many lenders think they are mind readers or understand what all Realtors want from their lender partners. 
This is a recipe for disaster.  All Realtors are not created equal, and what might be the most important thing to one Realtor, may not even be … (2 comments)

RJ Baxter Moves to Gold Star Financial Group - 02/04/11 05:21 PM
RJ Baxter Moves to Gold Star Financial Group
RJ Baxter, 10 year veteran of the mortgage industry, has moved his Evergreen, Colorado-based mortgage branch to Gold Star Financial Group of Ann Arbor, MI.
The move will enable the branch to provide a higher level of service to their clients and Realtor partners.  Gold Star Financial Group is a mortgage banking company with in-house underwriting and funding, meaning fast turn-around times, lower rates, and more control over file flow.
With more control over file flow, we now have a 15 day guaranteed turn-around time for home purchase transactions in the Colorado market, … (0 comments)