All day, every day, conforming and Denver FHA mortgage rates in Colorado are in flux. Rates move in response to hundreds of factors which exact varying levels of influence. Among the biggest influences on Denver mortgage rates is inflation. When inflation is unexpectedly high, mortgage rates te
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06/29/2010
Denver Mortgage Rate Update The Federal Open Market Committee commences a 2-day conference today, the 4th planned conference of this calendar year, in addition to 5th overall. The FOMC is definitely the actual monetary policy-setting element involving the federal government and also its main prog
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06/23/2010
Denver Mortgage markets improved last week on weaker-than-expected jobless figures, ongoing troubles in Europe, and a tame reading on domestic inflation. As a result, conforming mortgage rates for Colorado fell last week, drawing loads of new refinance applications. For a brief moment Thursday af
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06/21/2010
Denver Mortgage News In May 2010, Retail Sales at non-store retailers -- a category that includes Amazon and eBay -- topped $29 billion, up 16 percent from May 2009. Clearly, Americans are doing an increasing amount of shopping online. And we're paying our bills online, too. But how well are we
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06/15/2010
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
