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
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02/11/2010
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 cha
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02/10/2010
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 b
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02/08/2010
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
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02/06/2010
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 th
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02/04/2010
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 servic
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02/03/2010
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 mort
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02/02/2010
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
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02/01/2010
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 bef
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01/29/2010
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. e
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01/28/2010
