colorado: Colorado Mortgage Rates This Week : February 16, 2010
- 02/17/10 04:32 AM
Colorado Mortgage markets worsened last week on general profit-taking in the U.S. bond market, combined with talk of a coordinated rescue effort for Greece and its debt burden. Mortgage-backed bonds sold off, causing conventional and FHA mortgage rates to rise. There wasn't much hard data on which to trade last week, either, so momentum took markets farther than they otherwise might have moved on their own. It marked the first time in 5 weeks that rates rose for Colorado mortgage rate shoppers. This week, data returns. Expect mortgage market movement. Some of the week's more important releases include: Housing Starts and … (0 comments)
colorado: How Rising Consumer Sentiment Is Linked To Higher Colorado Mortgage Home Prices
- 02/12/10 10:28 AM
Consumer Sentiment has been on the rise since last February and it's something to which Colorado home buyers should pay attention. The affordability of your next home may hinge on consumer confidence. As the economy recovers from a near-the-brink recession, many of the elements of a full recovery are in place. Business investment is returning, household spending is expanding, and financial systems are gaining strength. Consumer confidence is at a 2-year high. What's missing from the recovery, though, is jobs growth. Another net 20,000 jobs were lost in January. Data like that hinders economic growth. That said, twenty-thousand jobs lost is … (0 comments)
colorado: Colorado Mortgage In Pictures: The Severity Of The Foreclosure Crisis Depends On Where You Live
- 02/11/10 06:11 AM
Foreclosures stories dominate the national housing news. It seems at least one foreclosure-related story makes its way to the front page or the nightly news every week. But for as much as the foreclosure filing statistics can be astounding -- over 300,000 homes were served last month alone -- the prevalence of foreclosures depends on where you live. As reported by RealtyTrac, just 4 states accounted for more than half of the country's foreclosure-related activity last month. California : 22.7 percent of all activity Florida : 14.9 percent of all activity Arizona : 6.7 percent of all activity Illinois : 5.7 … (0 comments)
colorado: Colorado FHA Mortgage Loans Separating Fact From Fiction : Mortgage Insurance Premiums
- 02/10/10 03:39 AM
The Colorado mortgage lending landscape changes a lot. Rates and guidelines are in constant flux, and it creates preparedness challenges for buyers in Aurora that aren't paying in cash. The loan you get today won't always be the loan you get tomorrow. Because of how frequently bank rules are changing, it can be hard for laypersons to distinguish between mortgage fact and fiction of "what's coming next". Recently, we saw this with respect to Colorado FHA home loans. January 20, 2010, the FHA issued a press release with new lending guidelines. Specifically, it announced 3 changes that will be effective starting … (0 comments)
colorado: What's Ahead For Colorado Mortgage Rates This Week : February 8, 2010
- 02/08/10 03:03 AM
Colorado Mortgage markets improved last week on domestic jobs data and international banking concerns. The news triggered buying in the bond market and, as a result, conventional, FHA and VA mortgage rates in Colorado improved for the 4th consecutive week. Mortgage rates are now at a 6-week low but probably shouldn't be. It underscores just how important global events can be to U.S. mortgage markets. For example, corporate earnings continue to improve and key elements of the economy are strengthening. Even the Federal Reserve acknowledges this. In most circumstances, that would be a boon for the stock markets and bond markets … (0 comments)
colorado: 7 Ways To Protect Your Credit Score For Better Colorado Mortgage Rates
- 02/06/10 06:58 AM
As Colorado mortgage lenders tighten approval standards in Colorado and nationwide, the importance of a good credit score is rising. Credit scores not only make the difference between a mortgage approval and mortgage turn-down, but they also play a large role in determining your actual mortgage note rate. In the 3-minute piece, the NBC Today Show talks about 7 ways that homebuyers ruin their credit -- often by accident. Some of the highlighted mistakes include: Closing open credit cards Making appliance buys on credit prior to closing Asking creditors to lower credit balances prior to closing In general, a 740 FICO … (0 comments)
colorado: The January 2010 Jobs Report May Lead Colorado Mortgage Rates And Home Prices Higher
- 02/04/10 04:29 AM
On the first Friday of every month, the U.S. government releases its Non-Farm Payrolls data from the month prior. The data is more commonly known as "the jobs report" and it swings a big stick on Wall Street. Especially now -- many analysts believe job growth is tightly linked to the future of the U.S. economy. Therefore, when January's jobs report hits the wires at 8:45 AM ET tomorrow, Aurora, Colorado home buyers would do well to pay attention. A net job reading that is much higher (or lower) than Wall Street's expectations can make a serious change in home affordability. … (1 comments)
colorado: Pending Colorado Home Sales Predicts A Stronger Spring Market
- 02/03/10 02:43 AM
The Pending Home Sales Index rose slightly in December, climbing 1 percent from November. A Pending Colorado Home Sale is a home that is under contract to sell, but not yet sold. It's a figure compiled by the National Association of Realtors® using sales data from over 100 regional listing services and more than 60 large brokerages around the country. Because each pending sale is a true measure of sales activity, the Pending Home Sales Index is purported to be the most reliable forward-looking indicator for housing. Recent data supports this hypothesis. After Pending Colorado Home Sales plunged 16 percent in … (0 comments)
colorado: Simple Colorado Real Estate Definitions : Short Sale
- 02/02/10 04:24 AM
A "Short Sale" is when a Colorado home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff. By way of example, a Short Sale may be appropriate for a Denver, Colorado home seller whose mortgage balance is $250,000 but whose home wouldn't sell for more than $220,000. Rather than pay the $30,000 difference to the lender at the time of sale, the seller enters into an agreement with the lender by which all sale proceeds are paid to the … (0 comments)
colorado: What's Ahead For Colorado Mortgage Rates This Week : February 1, 2010
- 02/01/10 04:47 AM
<!-- This material is non-exclusively licensed to Ben Yost and may not be copied, reproduced, or sold in any form whatsoever.--> In a news-heavy week, Colorado mortgage markets improved last week, adding to a 3-week rally. But, given last week's data and domestic story lines, it's surprising that rates actually fell. The Federal Reserve said the economy continues to strengthen Consumer Confidence pushed to a 2-year high 4th Quarter domestic output exceeded Wall Street's expectations Usually, events like these draw money away from the bond markets and into the stock markets and Wall Street preps for better corporate earnings. The movement … (0 comments)
Reporting on a two-month lag, the government said home values rose 0.7 percent in November. National home prices are at their highest point since February 2009. But before we look too much into the FHFA's Home Price Index, it's important that we're cognizant of its shortcomings; the most important of which is its lack of real-time reporting. According to the National Association of Realtors™, 80% of purchases close within 60 days. As a result, because of its two-month delay, … (0 comments)
colorado: A Simple Explanation Of The Federal Reserve Statement for Colorado Homebuyers- 2010
- 01/28/10 04:50 AM
<!-- This material is non-exclusively licensed to Ben Yost and may not be copied, reproduced, or sold in any form whatsoever.--> The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy “has continued to strengthen”, that the jobs markets is getting better, and that financial markets are supportive of growth. There was no mention of the housing market's strength. The last 3 statements from the Fed included that specific verbiage. It’s the fifth straight statement in which the Fed spoke about … (0 comments)
colorado: Coloraodo Mortgage Rate-Locking Strategy Ahead Of The Fed's Meeting Today
- 01/28/10 04:40 AM
<!-- This material is non-exclusively licensed to Ben Yost and may not be copied, reproduced, or sold in any form whatsoever.--> The Federal Open Market Committee ends a scheduled, 2-day meeting today in Washington. It's the first of 8 scheduled meetings for the policy-setting group in 2010. The group adjourns at 2:15 PM ET. As is customary, upon adjournment, the Fed will issue a press release to the markets recapping its views of the country's current economic condition, and the outlook for the near-term future. The post-meeting statements from the Fed are brief but comprehensive. And Wall Street eats them up. … (0 comments)
colorado: Colorado Existing Home Sales Plummet In December, But It Was Expected
- 01/26/10 03:14 AM
<!-- This material is non-exclusively licensed to Ben Yost and may not be copied, reproduced, or sold in any form whatsoever.--> Just one month after from blowing away Wall Street, December's Colorado's Existing Home Sales hit the skids, shedding nearly 17 percent and falling to a 4-month low. Don't be alarmed, though. The plunge was expected. And not just because Pending Home Sales cratered last month. When November's Existing Home Sales surged, it was clear to observers that an expiring $8,000 federal tax credit was the catalyst. At the time, the tax program was slated to expire November 30 and the … (0 comments)
colorado: What's Ahead For Colorado Mortgage Rates This Week : January 25, 2010
- 01/26/10 03:03 AM
<!-- This material is non-exclusively licensed to Ben Yost and may not be copied, reproduced, or sold in any form whatsoever.--> Conforming and Colorado FHA mortgage rates improved last week on the combination of weaker-than-expected economic data and new anti-banking rhetoric from the White House. The S&P 500 shed nearly 4 percent in its worst weekly showing since October 2009 as all 10 sectors fell. As the money left stock markets, it made its way to bonds -- including the mortgage-backed variety. As a result, Colorado mortgage rates fell for the third straight week. Since shedding 300 basis points in December, … (0 comments)
colorado: Housing Permits Spike For The 2nd Straight Month in Colorado
- 01/22/10 08:41 AM
<!-- This material is non-exclusively licensed to Ben Yost and may not be copied, reproduced, or sold in any form whatsoever.--> A "Housing Start" is a privately-owned home on which construction has started. It's an important gauge of housing health because it tracks new housing stock nationwide. In December 2009, starts fell by nearly 7 percent. The news is mildly disappointing but not too bad. The likely cause for the Colorado Housing Starts drop is December's rough weather conditions. It's tough to break ground when Mother Nature won't coordinate and last month was especially hazardous in a lot of parts of … (0 comments)
colorado: Spring 2010 FHA Guidelines Make Borrowing Tougher in Colorado
- 01/21/10 07:40 AM
<!-- This material is non-exclusively licensed to Ben Yost and may not be copied, reproduced, or sold in any form whatsoever.--> Securing an FHA mortgage in Colorado is about to get more expensive. In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group's portfolio risk while strengthening its overall financials. For consumers, the changes mean higher costs. As listed in the official announcement, there are 3 major guideline updates for the FHA: Upfront mortgage insurance premiums are increasing to 2.25% from 1.75% Minimum down … (0 comments)
colorado: 100 Days Left To Claim Your Colorado Homebuyer Tax Credit
- 01/20/10 11:32 PM
<!-- This material is non-exclusively licensed to Ben Yost and may not be copied, reproduced, or sold in any form whatsoever.--> November 6, 2009, Congress voted to extend and expand the First-Time Home Buyer Tax Credit program. There's 100 days left to claim it. The expiration date of the up-to-$8,000 tax credit has been pushed forward to spring, requiring homebuyers in Denver, Colorado to be under contract for a home no later than April 30, 2010, and to be closed no later than June 30, 2010. In addition, "move-up" buyers were also added to the program's eligibility list meaning you don't have … (0 comments)
colorado: What's Ahead For Colorado Mortgage Rates This Week : January 19, 2010
- 01/19/10 03:49 AM
<!-- This material is non-exclusively licensed to Ben Yost and may not be copied, reproduced, or sold in any form whatsoever.--> Colorado Mortgage markets showed little conviction last week, carving out just a narrow trading channel. There was very little data on which for markets to move, leaving mortgage rates momentum-bound. Luckily for rate shoppers, Colorado mortgage rate momentum was favorable. Rates were slightly lower Monday through Thursday before breaking downward Friday afternoon. Home shoppers in Highlands Ranch this past weekend caught a nice break. Last week marked the second straight week in which Colorado mortgage rates fell. This week, in … (0 comments)
Like real estate, it appears that foreclosure activity is a local phenomenon, too. As reported by RealtyTrac.com, more than half of all foreclosure-related activity in 2009 came from just 4 states: California Florida Arizona Illinois More than 1.4 million filings made in 2009 are attributed to the above states. Furthermore, each ranks in the Top 10 for 2009 Foreclosures Per Capita. The other states are Nevada, Utah, Georgia, Idaho, Michigan and Colorado. Versus 2008, foreclosures are up 21 percent … (2 comments)
Denver Mortgage. Get the Lowest Denver Mortgage Rates Today in CO! Call me if you need a Denver Refinance or Purchase loan- FHA ; VA; Conventional or Non-Conforming Loans. Denver Mortgage for First Time buyers; Zero Down; VA Loans; FHA 203KS and USDA 100% Loans!. We offer local residents the tools and information necessary to secure the lowest rates for a Denver CO mortgage.
Colorado Mortgage markets worsened last week on general profit-taking in the U.S. bond market, combined with talk of a coordinated rescue effort for Greece and its debt burden. Mortgage-backed bonds sold off, causing conventional and FHA mortgage rates to rise.
;)
;)
