VA Loans Colorado

Are you a disabled veteran? There are many Colorado VA Loans and home purchasing benefits for you in Colorado. Did you know that if you were disabled during active duty you do not have to pay the VA funding fee when buying a home? There are some special property tax relief programs as well. The military is important to all of us as Americans.

For more information regarding VA Loans Colorado, call Vince Reece, Colorado Mortgage Guy, at Plum Creek Funding.

Property Tax Exemption For Qualifying Disabled Colorado Veterans

mortgage broker denver

Vince Reece
Senior Loan Officer
Office: 303-840-0966
Cell: 303-818-0699
vince@coloradomortgageguy.com
19519 E Parker Square Dr
Parker, CO 80134
www.coloradomortgageguy.com

Home Picture Brightens

On January 17, 2011, in mortgage rates colorado, by admin

colorado mortgage guy

Home Picture Brightens:

September 27, 2010

The constant “doom and gloom” news reports might make you feel as if everyone is in foreclosure and that no one is buying any homes.  Of course, that is the farthest thing from the truth.  In fact, there are some bright spots in the housing market.

The National Association of Realtors reported that sales of existing (previously owned) homes shot up 7.6% in August to a seasonally adjusted annual rate of 4.13 million units.  Another sign of strength is that the median sales prices actually increased, which shows that homes are not being moved due to lower prices.  The median sales price rose 0.8% to $178,600.

Sales grew in every region of the country.  They rose by 14% in the West, 8% in the Northeast and 5% in the Midwest and South.

What Happened to Rates Last Week:
colorado mortgage rates 

Mortgage backed securities (MBS) gained +34 basis points last week causing 30 year fixed rates to decrease from the previous week.  However, once we reached our best pricing on Tuesday, we pulled back -47BPS by Friday.  The reversal from Tuesday’s highs was in reaction to very strong Existing Home Sales, Business Inventories, and Durable Goods Orders.

What to Watch Out For This Week:
The following are the major economic reports that will hit the market this week.  They each have the ability to affect the pricing of Mortgage Backed Securities and therefore, interest rates for Government and Conventional mortgages.  I will be watching these reports closely for you and let you know if there are any big surprises:
denver mortgage rates

It is virtually impossible for you to keep track of what is going on with the economy and other events that can impact the housing and mortgage markets.  Just leave it to me, I monitor the live trading of Mortgage Backed Securities which are the only thing government and conventional mortgage rates are based upon.

mortgage broker denver

Vince Reece
Senior Loan Officer
Office: 303-840-0966
Cell: 303-818-0699
vince@coloradomortgageguy.com
19519 E Parker Square Dr
Parker, CO 80134
www.coloradomortgageguy.com

Foreclosure Rates Fall Again:
U.S. foreclosure rates fell for the third straight month according to RealtyTrac’s new report.  New foreclosure fillings in June dropped 2.81 percent from the previous month and 6.98 percent from the previous year.

While foreclosure rates are falling, they are still at high levels with 16 straight months of readings of over 300,000.  Still 410 out of every 411 homes are not in foreclosure, so there is still some strength in the housing market.

Consumer Prices Continue to Fall:
Consumer Prices fell for the third straight month, providing bargains for American Shoppers.

The Consumer Price Index, the government’s most closely watched inflation barometer, dipped 0.1 percent in June, according to the Labor Department. Less expensive energy bills were a big factor behind the drop. Prices for food items and airline fares also dropped last month.  Also, “core” consumer prices are holding near a 44 year low.

What Happened to Rates Last Week:
mortgage rate colorado

Mortgage backed securities (MBS) gained +44 basis points last week which caused 30 year fixed rates to decrease for both government and conventional loans.  Rate declined on the back of some weaker than expected economic data.  Manufacturing Data, Consumer Price Index and Consumer Sentiment all were much worse than market expectations.  Economic concerns helped to push investors towards purchasing MBS as a way to earn low yields in exchange for safety that you cannot find in the stock markets.

What to Watch Out For This Week:
The following are the major economic reports that will hit the market this week.  They each have the ability to affect the pricing of Mortgage Backed Securities and therefore, interest rates for Government and Conventional mortgages.  I will be watching these reports closely for you and let you know if there are any big surprises:
mortgage rates denver

It is virtually impossible for you to keep track of what is going on with the economy and other events that can impact the housing and mortgage markets.  Just leave it to me, I monitor the live trading of Mortgage Backed Securities which are the only thing government and conventional mortgage rates are based upon.

Contact Colorado Mortgage Guy
Plum Creek Funding, Inc.
303-818-0699 (Cell)
303-840-0966 (Office)
877-840-0965 (Fax)
www.coloradomortgageguy.com
www.plumcreekfunding.com
vince@coloradomortgageguy.com
19519 E. Parker Square Dr. Parker, CO 80134