Tag Archives: Mortgage Rates

Beware Mortgage Interest Rates That Seem Too Good to Be True!

February 5, 2014

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Beware Rates That Seem Too Good to Be True!     Oh, if only they had asked a licensed loan officer ahead of time! This is what the buyers were “promised” as their rate. Needless to say, this “rate” didn’t really exist.  Just like those emails you get that say you’ve won the Nigerian lottery, or that […]

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Mortgage Rates Still Low, But Expected to Rise

August 29, 2011

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Mortgage rates remain low, but lenders are forecasting a rise in rates. Here are the current rates, provided by my good friends at Denver Mortgage Company:   30 year Fixed – 4.375% 15 year Fixed – 3.375% FHA 30 year Fixed – 4.0% FHA 15 year Fixed – 3.375% Non-Owner 30 year Fixed – 5.00% […]

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Whoa! Dramatic Spike in Mortgage Rates for June 29

June 29, 2011

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Whoa!  Dramatic Spike in Mortgage Rates for June 29 Here are the stats for today, as reported by my friends at Denver Mortgage Company.  You’ll note a dramatic increase as compared to yesterday.  This is why you want to lock in a rate when you can!  Consult your mortgage professional for more specific information   […]

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The Latest in Mortgage Financing- provided by Jennifer Prestwich, your Henderson CO Real Estate Resource

June 28, 2011

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The Latest in Mortgage Financing- provided by Jennifer Prestwich, your Henderson CO Real Estate Resource I don’t normally post about mortgages specifically, as I am not a mortgage broker or loan officer.  I prefer to specialize in the buying and selling of homes! But I got an email from my good friend Kris Andrea at […]

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A Simple Explanation Of The Federal Reserve Statement (August 10, 2010 Edition)

August 10, 2010

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Today, in its first meeting in 6 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains at a historical low, within a prescribed target range of 0.000-0.250 percent.

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The Fed Is Meeting Today. Should You Float Or Lock Your Mortgage Rate?

August 10, 2010

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We can’t be sure what the Fed will say or do this afternoon so if you’re floating a rate right now and wondering whether the time is right to lock, the safe choice is to lock before 2:15 PM ET today.

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Falling Consumer Confidence Helps Drag Mortgage Rates Lower. For Now.

July 29, 2010

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For the second consecutive month, U.S. consumer confidence is plunging. July’s official reading is its lowest since July of last year and the figures run in stark contrast to just two months ago, when the index touched a multi-year high.

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The Fed’s June Minutes Keep Mortgage Rates In Rally-Mode

July 16, 2010

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At 7,333 words, the June Fed Minutes is the unabridged version of the more well-known, post-meeting press release. The corresponding press release was just 360 words. It turns out, the Fed’s words are doing wonders for mortgage rates.

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Should You Refinance Your ARM, Or Let It Adjust Lower?

July 15, 2010

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If your adjustable rate mortgage is due to adjust this year, don’t go rushing to replace it just yet. Your soon-to-adjust mortgage rate may actually go lower this year.

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The Year Is Half-Over. How Did The Housing Experts Fare On Their Predictions?

July 2, 2010

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As 2009 was ending, the “experts” were busy making forecasts about the U.S. economy and what to expect in 2010. Were they right?

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