Mortgage Rates

Aug. 23, 2011

Cash Out Your Stock Chips And Invest In Real Estate

No one welcomed the global financial upheaval in the wake of the unprecedented downgrade of U.S. credit by S&P. Yet, as bad as it has been for anyone who owns stocks or has a 401(k), the whipsawed stock market - down hundreds of points one day, up the next - could ...

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Aug. 18, 2011

Denver Real Estate Market Statistics for Year Over Year July 2011

July - 2011                         This Month        Prior Month          Year Ago
Active                                      14,014              14,215             17,983
Under Contract                           3,386               3,828                3,050
Sold                                          3,082                3,295               2,632
Average Sold Price                $298,654           $292,230          $297,218
Monthls Supply                            4.50                   4.31                6.80
Condominium ...

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Aug. 18, 2011

Mortgage Interest Rates Effective August 18, 2011

The following interest rates, effective from Cherry Creek Mortgage on Wednesday August 17, 2011, were presented at the Kentwood Company sales meeting. 

                                              Rate              Points

30 Yr. Fixed                            4.125%          1.0%
15 Yr Fixed                             3.25%            1.0%
5-Yr ARM                               3.0%              1.0 ...

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July 14, 2011

Kentwood Real Estate and Cherry Creek Mortgage Company Enter Into Marketing Services Agreement

Kentwood Real Estate and Cherry Creek Mortgage Company (CCMC) have entered into a Marketing Services Agreement effective tomorrow, Friday July 15, 2011.  The new affilitation brings to an end a successful and enjoyed three and one-half year relationship between Kentwood and Wells Fargo Private Mortgage.  "One of the main ...

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July 12, 2011

Denver Real Estate Market Statistics for Year Over Year June 2011

June - 2011                This Month                    Prior Month                    Year Ago
Active                          14,215                            13,985                         17,337
Under Contract               3,828                             3,858                           3,162
Sold                              3,295                             3,036                           3,227
Average Sold Price     $292,230                        $279,443                     $299,375
Months Supply                 4.31                               4.61                            5.37
Active                            3,811                             3,930                           5,352
Under Contract                  933                                919                              723 ...

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June 17, 2011

Last Chance for Reverse Mortgages from Wells Fargo

Wells Fargo annnounced today that they are exiting the Reverse Mortgage market for home loans.  They will continue taking applications for Reverse Mortgages through June 30th.  All loans must close by September 30th this year.  This type of mortgage allows individuals who are 62 years and older ...

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June 6, 2011

On Housing, Don't Believe the Doom

An analysis from Barclays Capital says non-distressed sales have started to stabilize, and predicts home prices could turn positive soon. On Housing Don't Believe the Doom 

June 2, 2011

Interest Rates Still Lower

From my last post on May 24th, interest rates have gone down about 1/8% lower!  Home affordability cannot get much better! #li

May 24, 2011

Mortgage Rates Again at Historical Lows

Recently, mortgage rates again have been on a downward trend.  Unbelievably low home loan interest rates combined with lower home prices make homebuying today more affordable than it has been in the last 40 years!!!  Below are quotes today, May 24, 2011, from Wells Fargo Private Mortgage. These rates include a 1 ...

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