Wire fraud is a growing concern in the real estate industry, with thousands of people losing millions of dollars every year due to this crime. The problem is so prevalent that it’s become a major concern for buyers, sellers, title companies and real estate professionals alike. Criminals are using wire fraud to defraud sellers and…
If you’ve been watching the news, you may see a different story, but it really is a great time to buy (and sell) in today’s Colorado real estate market. Why? Because as winter begins, sellers are more motivated to sell, and buyers have purchasing options. It’s no secret that interest rates have been on…
Buying a home is a big purchase and most buyers rely on a mortgage in order to pay for one.So, there’s good news for would-be homeowners… New data from the Mortgage Bankers Association shows that qualifying for a mortgage has gotten easier for many buyers over the past few months. The MBA’s Mortgage Credit Availability Index,…
If you haven’t checked your credit report recently, it’s time to take a few minutes to do so. It’s something that we should all do several times a year and it’s FREE! Why is it so important? Because your credit rating can make all the difference in the mortgage rates that you pay, your credit…
We wrote last week about the importance of checking your credit on a regular basis. We all know it’s critical to good ‘credit health’. One of the key reasons this should be done periodically is be on top of any situation where someone else may be stealing your identity. Of course, there are lots of…
MARKET RECAP from Arlin Shepard, Branch Manager American Pacific Mortgage (Div of Universal Lending) A Federal Reserve World, And We’re All Living in It When the conversation turns to monetary policy and the Federal Reserve, the natural reaction is for eyes to glaze over. This is understandable. In the past, monetary policy and the Fed…
MARKET RECAP The Fed Giveth; Will It Taketh Away? More than 200 years ago, Mayer Rothschild, founder of the Rothschild banking dynasty, uttered one of the more profound observations on finance and power. “Permit me to issue and control the money of a nation,” said Rothschild, “and I care not who makes its laws.” Rothschild…
MARKET RECAP At the beginning of the year, we predicted that mortgage rates would end the year higher. Specifically, we predicted the 30-year fixed-rate loan would be quoted above 5%. To be sure, the year is still young. We’re only into the first full week of February, but so far mortgage rates have been countering…
Market Recap The Federal Reserve has taken initiative on tapering. In other words, it’s no longer talking about tapering, it’s doing it. On Wednesday, the Fed announced it would reduce its monthly purchases of U.S. Treasury notes and bonds and mortgage-backed securities (MBS) by $10 billion to $65 billion each month. As it now stands,…
We, along with most everyone else , believe interest rates will rise in 2014. If you were to ask most mortgage bankers where the rate on the 30-year fixed-rate loan will be on Dec. 31, 2014, you’ll likely get a response of 5% or above. To be sure, the year is still young, but mortgage…