refinance: What's Ahead For Colorado Mortgage Rates This Week : March 8, 2010
- 03/11/10 10:43 AM
Colorado Mortgage markets improved last week in low-volume trading. Between Monday to Thursday, Wall Street focused on the upcoming jobs reports and mortgage markets gained while traders jockeyed for position. Colorado Mortgage rates drifted lower through Thursday afternoon. But, then, after a better-than-expected Non-Farm Payrolls report Friday morning, mortgage markets -- and mortgage rates -- reversed. Overall, Colorado mortgage rates dropped last week, but only by a small margin. Rates were best Thursday afternoon. It was the second consecutive week in which mortgage rates fell. Last week was also interesting in that both stock markets and bond markets improved, proving that … (0 comments)
Fewer Colorado homes went under contract in January as the housing market continues to limp through the winter months. According to the National Association of Realtors®, the Pending Home Sales Index fell to its lowest level in 3 quarters this January. By contrast, in October 2009, the index had touched a 3-year high. The Pending Home Sales Index measures the number of homes that have gone under contract to sell, but have yet to close nationwide. It's compiled using … (0 comments)
refinance: Tying Friday's Jobs Report To Rising Colorado Mortgage Rates
- 03/11/10 09:49 AM
Conforming and FHA Colorado mortgage rates have improved over the last 10 days, but that could all change this Friday with the release of February's Non-Farm Payrolls report. Non-Farm Payrolls is the official name of the government's monthly jobs report and, given the fragile state of the U.S. economy, Wall Street will be watching it closely. Mortgage rates could spike come Friday morning. Jobs are an important part of the nation's recovery. Among other concerns, unemployed Americans don't spend as much money on goods and services, and are more likely to default on a mortgage. This retards economic growth and increases … (0 comments)
refinance: How To Properly Screen A Prospective Tenant if They Are Not Going to Get a Colorado Mortgage
- 03/03/10 01:01 PM
Colorado Mortgage Loans v.s. Renting According to the the National Association of Realtors®, "distressed homes" represented nearly 2 of every fifth home sold in January 2010. Clearly, real estate investors in Aurora, Colorado and around the country are taking advantage of good deals on cheap property. But there's risk involved. This NBC Today Show interview first ran in March 2009, featuring real estate expert Barbara Corcoran. Despite its age, the message remains relevant. Today may be a terrific time to buy a bank-owned home -- just make sure you do your research first. There's plenty of ways for investors to get … (1 comments)
refinance: Colorado Mortgage Existing Home Sales Drop Again In January Stay On The Trendline
- 03/03/10 12:51 PM
The winter months have not been kind to Colorado home sales. After plunging 17 percent in December, Existing Home Sales fell by an additional 7 percent in January, according to the National Association of Realtors®. An "existing home" is a home resold by a previous owner (i.e. not new construction). In looking at the annualized, adjusted Existing Home Sales data, we find: Sales volume is at its lowest levels since June 2009 Sales volume fell below its 12-month rolling average Home supplies are at a 5-month high These are similar findings to the Colorado New Home Sales data issued by the … (0 comments)
refinance: What's Ahead For Colorado Mortgage Rates This Week : March 1, 2010
- 03/03/10 12:37 PM
Colorado Mortgage markets improved last week as economic reports painted a less-than-stellar portrait of the U.S. economy and concerns of a looming monetary policy change eased. Mortgage pricing improved dramatically, despite a late-Friday retreat. Colorado Mortgage rates are now at their lowest levels since early-February. Last week was heavy on negative data: Consumer Confidence posted 16% short of expectations New Home Sales posted 13% short of expectations Initial Jobless Claims were higher than expected In addition, both the Case-Shiller and Home Price Indices showed a slight pullback in the housing sector. The impact of these statistics was muted, however. This is … (0 comments)
refinance: The Colorado Home Price Index Shows Some Regions Up, Some Regions Down
- 02/26/10 08:08 AM
Earlier this week, the private-sector Case-Shiller Index showed home prices slightly lower between November and December. Thursday, the public-sector Colorado Home Price Index showed the same. Publishing on a 2-month lag, the Federal Home Finance Agency said home prices fell by 1.6 percent nationally in December. And that's an average, of course. Some regions performed well in December as compared to November, others didn't. Values in the Middle Atlantic states improved slightly Values in New England were essentially unchanged Values in the Mountain states sagged, down 3.5% These aren't just footnotes. They're an important piece toward understanding what national real … (0 comments)
refinance: As The Supply Of New Colorado Homes Grows, So Does The Opportunity For A "Good Deal"
- 02/25/10 10:27 AM
The housing recovery showed particular weakness in the Colorado New Homes Sales category last month -- good news for homebuyers in Highlands Ranch and around the country. A "new home" is a home for which there's no previous owner. New Home Sales fell 11 percent from the month prior and posted the fewest units sold in a month since 1963 -- the year the government first started tracking New Home Sales data. Right now, there are roughly 234,000 new homes for sale nationwide and, at the current sales pace, it would take 9.1 months to sell them all. This is … (0 comments)
refinance: Battered Colorado Mortgage Markets In Bona Fide Recovery
- 02/25/10 10:15 AM
Using data compiled in December, Standard & Poors released its Case-Shiller Index Tuesday. The report shows Colorado home prices down just 2.5% on an annual basis, a figure much lower than the 8.7% annual drop reported after Q3. According to Case-Shiller representatives, the housing market is "in better shape than it was this time last year", but some of the summer's momentum has been lost. 15 of 20 tracked markets declined in value between November and December 2009. Meanwhile, it's interesting to note the 5 markets that didn't decline -- Detroit, Los Angeles, Las Vegas, Phoenix and San Diego. Each … (0 comments)
refinance: How You Can Get The Most Accurate, Real-Time Colorado Mortgage Rate Quotes Available
- 02/25/10 08:11 AM
You can't get your Colorado mortgage rates from the newspaper. Last week proved it. Again. Friday morning, headlines in Colorado and around the country read that mortgage rates were down 0.04 percent, on average, since the week prior. A sampling of said headlines includes: US Mortgage Rates Drop For 2nd Straight Week (Reuters) Mortgage Rates On 30-year US Loans Fall To 4.93% (Business Week) 30-Year Fixed Mortgage Rate Falls Farther Below 5% (Marketwatch) The story behind the headline was sourced from the Freddie Mac Primary Mortgage Market Survey, am industry-wide Colorado mortgage rate poll of more than 100 lenders. The … (0 comments)
refinance: What's Ahead For Colorado Mortgage Rates This Week
- 02/25/10 07:42 AM
Colorado Mortgage markets had a terrible, holiday-shortened week last week as Wall Street responded to worse-than-expected inflation data and action from the Federal Reserve. Mortgage bonds sold off with force, causing mortgage rates to rise for the second week in a row. Last week was a bad week to float a Colorado mortgage, to say the least. Rates in Denver rose by the largest margin in any week since late-2009. The two biggest stories from last week both came from the Federal Reserve. The first was the release of the FOMC January meeting minutes which showed more confidence in the U.S. … (0 comments)
refinance: Colorado Mortgage Rates Spike On The Federal Reserve's January 2010 Meeting Minutes
- 02/22/10 04:00 AM
Colorado Mortgage markets reeled Wednesday after the Federal Reserve Colorado Mortgage Rates Spike On The Federal Reserve's January 2010 Meeting Minutes released the minutes from its January 26-27, 2010 meeting. Mortgage rates in Colorado are now at their highest levels since the start of the year. The Fed Minutes is a follow-up document, delivered 3 weeks after an official FOMC meeting. It's a companion piece to the post-meeting press release, detailing the debates and discussions that shaped our central bankers' policy decisions. The Minutes is a terrific look into the Fed's collective mind and, yesterday, Wall Street didn't like what it saw. … (0 comments)
refinance: Colorado Mortgage Presents- The Best And Worst Cities For Commuters (2010 Edition)
- 02/17/10 04:40 AM
According to the Census Bureau, 2.8 million people commute to work 90 minutes or more each day, in each direction. Now, your daily commute may not be as long, but time spent in cars, trains and buses is time away from work and from family. Drive-time can affect a person's Quality of Life and it's one reason why Forbes Magazine's Best and Worst Commutes is worth reviewing. Measuring travel time, road congestion and travel delays in the 60 largest metropolitan areas, Forbes ranks city commutes from best-to-worst with Salt Lake City topping the list and Tampa-St. Petersburg finishing it. The Top … (2 comments)
refinance: 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)
refinance: 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)
refinance: 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)
refinance: 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)
refinance: 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)
refinance: 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)
refinance: 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)
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Colorado Mortgage markets improved last week in low-volume trading.
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