mortgage loans: 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)

mortgage loans: 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)

mortgage loans: What's Ahead For Colorado Mortgage Rates This Week : February 1, 2010 - 02/01/10 04:47 AM
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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)

mortgage loans: Colorado Home Values Rose In November 2009 By Another 0.7% - 01/29/10 08:02 AM
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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)

mortgage loans: A Simple Explanation Of The Federal Reserve Statement for Colorado Homebuyers- 2010 - 01/28/10 04:50 AM
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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)

mortgage loans: Coloraodo Mortgage Rate-Locking Strategy Ahead Of The Fed's Meeting Today - 01/28/10 04:40 AM
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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)

mortgage loans: Colorado Existing Home Sales Plummet In December, But It Was Expected - 01/26/10 03:14 AM
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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)

mortgage loans: What's Ahead For Colorado Mortgage Rates This Week : January 25, 2010 - 01/26/10 03:03 AM
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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)

mortgage loans: Housing Permits Spike For The 2nd Straight Month in Colorado - 01/22/10 08:41 AM
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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)

mortgage loans: 100 Days Left To Claim Your Colorado Homebuyer Tax Credit - 01/20/10 11:32 PM
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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)

mortgage loans: What's Ahead For Colorado Mortgage Rates This Week : January 19, 2010 - 01/19/10 03:49 AM
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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)

mortgage loans: RealtyTrac's 2009 Colorado Foreclosure Report Gives Reason For Optimism - 01/15/10 01:48 AM
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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)

mortgage loans: Retail Sales Dropped In December And Now So Are Colorado Mortgage Rates - 01/14/10 03:47 AM
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Colorado Mortgage rates are dropping this morning on weaker-than-expected Retail Sales data from December. Lower rates means more bang for your home-buying buck.
Excluding motor vehicles and parts, December's "ex-auto" sales receipts were down roughly $500 million from November. Analysts had expected receipts to grow.
The relevance of Retail Sales to home affordability isn't obvious, but it's definitely logical.
Retail Sales is directly related to consumer spending and consumer spending accounts for the majority of the U.S. economy. When … (0 comments)

mortgage loans: Jobs Report Wasn't All Bad -- Colorado Mortgage Rates Fell - 01/12/10 02:04 AM
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Despite the headlines, it's important to remember that December's jobs report wasn't all bad news.
Sure, the economy shed 85,000 jobs last month and the Unemployment Rate failed to dip below 10%, but for home buyers and rate shoppers in Denver , the news was just fine.
The soft employment data led mortgage rates lower, making homes in Piney Creek, for example, more affordable for buyers.
There is two sides to every economic coin.
Since early-2008, the U.S workforce has … (0 comments)

mortgage loans: What's Ahead For Colorado Mortgage Rates This Week : January 11, 2010 - 01/11/10 10:29 PM
Data was sparse through 2010's first trading week last week, setting the stage for a week of momentum trading.
 
In up-and-down trading, Colorado mortgage pricing improved overall but the best rates of the week didn't last long.
 
Denver Mortgage Rates improved Monday and Tuesday as an oversold market corrected itself to better price points.  Then, in anticipation of the December jobs report, rates worsened Wednesday and Thursday.  Friday, after the jobs report was released, pricing proceeded to carve out a huge range before settling unchanged.
 
On average, lenders issued new rate sheets every few hours last week. It … (0 comments)

mortgage loans: Home Inventories Plummet, Foreshadowing Higher Prices By Spring 2010 - 01/09/10 08:22 AM
Home resales are soaring.
For the 4th consecutive month, the Existing Colorado Home Sales report revealed what today's buyers and sellers already know -- there's a lot of buyer activity right now.
Existing Home Sales surged 7-plus percent in November, posting its largest number of recorded sales in 33 months. Sales volume is up 44% higher versus last year.
It's another example of the Colorado housing market in recovery.
There were other interesting statistics buried in the November data, too. According to the National Association of Realtors:
51 percent of Colorado home buyers were first-timers Distressed properties accounted for one-third of … (0 comments)

mortgage loans: Shopping Tips when looking for a Mortgage Loan - 12/16/09 02:08 AM
Save Lot's of Time and $Money
with These Valuable Shopping Tips!
Shopping for a Mortgage Loan in Colorado can be Confusing at Best! Everyone is talking about the same type of Home Loan, but they are still saying something different! Please watch the this Video- I believe it will really help you get the very best Mortgage loan! This is Great whether your are a First Time Buyer or someone Looking to Refinance their present home! These Tips apply to FHA: VA; Conventional and No-Conforming Mortgage Loans! Please call me at 303-587-4297 with any questions that you might have! … (0 comments)

 
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Ben Yost - 303-587-4297

FHA, VA, Conventional - Mortgage Loans in De

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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.


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