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Colorado Mortgage Interest Rate Advice for Week of July 28, 2014

How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market.  This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events.  […]

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The Cost of Waiting to Purchase a Home in Denver Colorado

I’m one of those that enjoy listening to talk shows on the radio.  I’m a big sports fan, and so I tend to gravitate to sports talk radio, The Dan Patrick Show, Under Center with McNabb and Malone, and many of the local shows.  It’s been awesome as of late, with our own Denver Broncos […]

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The Best Down Payment Grant for Colorado Homebuyers

One of the most misunderstood benefits for potential Colorado Homebuyers in today’s real estate market, are the multitude of Down-Payment Assistance (DPA) Programs available in Colorado for not only first-time homebuyers, but repeat homebuyers, and even homebuyers who plan to keep another home as a rental. By far the best DPA (down payment assistance) available […]

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When is it Smart to Refinance into a Shorter-Term Mortgage in Colorado?

Recent data reflects that Colorado homeowner’s are abandoning their 30-year fixed mortgage loans and opting to refinance into a shorter-term mortgage loans at a pace not seen for nearly 8 years. Last quarter 43% of U.S. homeowners refinanced out of their 30-year mortgage loan, in favor of a shorter-term mortgage loan, equating to 2 our […]

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Colorado Mortgage Interest Rate Advice for Week of Feb 17, 2014

Last Week’s Mortgage Rate Recap Mortgage Rates Currently Trending: SLIGHTLY HIGHER Last week saw rates worsen slightly, with the MBS (mortgage-backed securities) market ending the week -82 basis points worse than we started.  By far, the biggest event that impacted mortgage rates was new Federal Reserve Chair Janet Yellen’s first time up in front of […]