Denver Mortgage update: In June, for the first time since December 2009, the U.S. workforce shrank. According to the Bureau of Labor Statistics, the economy shed 125,000 jobs last month even as the Unemployment Rate dropped to 9.5 percent. The drop in the Unemployment Rate is being attributed to
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07/09/2010
Denver Mortgage Morning television can be "light", but as far as personal finance interviews go, this Suze Orman segment from The Today Show is loaded with practical financial planning advice. Titled "What Should You Do First?", Ms. Orman addressed the real-life, money management conundrums house
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07/09/2010
Last week, the Case-Shiller Index reported home values up 0.8 percent across 20 tracked markets. The public-sector Federal Housing Finance Agency has reached a similar conclusion. Reporting on a two-month lag, the government's Home Price Index shows home values up 0.8 percent in April, buoyed by
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07/09/2010
The Pending Home Sales Index plunged in May 2010, just one month after the expiration of the federal home buyer tax credit program. This can affect Denver Mortgage Rates. The Pending Home Sales Index is now at a record-low level. A "pending home sale" is an existing home under contract to sell, b
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07/02/2010
Denver Mortgage markets improved last week in response to mostly negative data about the U.S. economy, and the Federal Reserve's acknowledgement that Eurozone financial ills could cross the Atlantic. Conforming and FHA mortgage rates fell last week, extending a rate rally that dates to early-Apri
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07/01/2010
Denver mortgage rates are always affected by this report. Standard & Poors released its Case-Shiller Index Tuesday. The index is a monthly home valuation report from select cities and among the private sector's most popular home pricing models. In reviewing the April Case-Shiller Index and its
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07/01/2010
As 2009 was ending, the "experts" were busy making forecasts about the U.S. economy and what to expect in 2010. With respect to the Colorado housing markets, two predictions were made again and again: Home prices would fall in the first half of 2010 Mortgage rates would be higher in 2010 Well, it
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07/01/2010
