Denver mortgage markets posted four good days last week and one awful one. Unfortunately for rate shoppers in Colorado , that one bad day outweighed the gains of the other four and mortgage rates worsened on the week overall. Despite re-touching all-time lows on Tuesday and Wednesday, Conforming
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06/15/2010
Denver Mortgage News Starting sometime later this year, the monthly cost to carry an FHA-insured mortgage is expected to rise. In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers. Currently, mont
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06/11/2010
Denver Home Loan News According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide. As compared to May 2009, all 50 states now show an increase in annual REO activity. Data like that won
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06/10/2010
Denver Mortgage rates may be dropping, but mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May. A "discount point" is prepaid mortgage interest; an up-front fee paid by a borrower in exchang
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06/09/2010
Denver Mortgage News A new loan quality initiative from Fannie Mae is making it harder for Denver home buyers and refinancing homeowners everywhere to close on a mortgage. Beginning June 1, 2010, with all new applications, Fannie Mae wants lenders to verify that borrowers have not taken on new d
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06/08/2010
On the first Friday of each month, the Bureau of Labor Statistics releases its Non-Farm Payrolls data from the month prior. The release is more commonly called "the jobs report" -- a major factor in Denver mortgage rates and monthly payments. Especially now. With the recession officially over and
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06/07/2010
Rate shoppers caught another break last week as Denver mortgage markets improved on weak jobs data. The May Non-Farm Payrolls report fell well short of expectations while ongoing jobless claims rose. The two combined to cast doubt on the speed of the U.S. economic recovery, hurting stocks and he
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06/07/2010
The Consumer Confidence Index is rising, a potentially double-edged sword for residents of Denver and for Americans, in general. According to The Conference Board, economic confidence is as high as it's been since August 2007 -- 4 months before the start of the recession. Americans are optimisti
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06/02/2010
Denver Mortgage markets worsened last week as concerned of a global debt crisis lessened and stock markets rebounded. The gains in stocks came at the expense of bonds -- including mortgage bonds. Conforming and FHA Denver mortgage rates rose in Colorado for the first time in 5 weeks, pulling mor
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06/01/2010
The supply of newly-built homes for sales plummeted in April, a positive indicator for the Denver housing market and People looking to acquire a Denver Mortgage as we head into the summer months. It's no wonder that homebuilders are breaking new ground at the fastest clip in 2 years. At the cur
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05/28/2010
