Colorado Mortgage markets had a terrible, holiday-shortened week last week as Wall Street responded to worse-than-expected inflation data and action from the Federal Reserve. Mortgage bonds sold off with force, causing mortgage rates to rise for the second week in a row. Last week was a bad week
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02/25/2010
Colorado Mortgage markets reeled Wednesday after the Federal Reserve Colorado Mortgage Rates Spike On The Federal Reserve's January 2010 Meeting Minutes released the minutes from its January 26-27, 2010 meeting. Mortgage rates in Colorado are now at their highest levels since the start of the yea
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02/22/2010
According to the Census Bureau, 2.8 million people commute to work 90 minutes or more each day, in each direction. Now, your daily commute may not be as long, but time spent in cars, trains and buses is time away from work and from family. Drive-time can affect a person's Quality of Life and it's
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02/17/2010
Colorado Mortgage markets worsened last week on general profit-taking in the U.S. bond market, combined with talk of a coordinated rescue effort for Greece and its debt burden. Mortgage-backed bonds sold off, causing conventional and FHA mortgage rates to rise. There wasn't much hard data on whic
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02/17/2010
Consumer Sentiment has been on the rise since last February and it's something to which Colorado home buyers should pay attention. The affordability of your next home may hinge on consumer confidence. As the economy recovers from a near-the-brink recession, many of the elements of a full recovery
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02/12/2010
Foreclosures stories dominate the national housing news. It seems at least one foreclosure-related story makes its way to the front page or the nightly news every week. But for as much as the foreclosure filing statistics can be astounding -- over 300,000 homes were served last month alone -- the
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02/11/2010
The Colorado mortgage lending landscape changes a lot. Rates and guidelines are in constant flux, and it creates preparedness challenges for buyers in Aurora that aren't paying in cash. The loan you get today won't always be the loan you get tomorrow. Because of how frequently bank rules are cha
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02/10/2010
Colorado Mortgage markets improved last week on domestic jobs data and international banking concerns. The news triggered buying in the bond market and, as a result, conventional, FHA and VA mortgage rates in Colorado improved for the 4th consecutive week. Mortgage rates are now at a 6-week low b
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02/08/2010
As Colorado mortgage lenders tighten approval standards in Colorado and nationwide, the importance of a good credit score is rising. Credit scores not only make the difference between a mortgage approval and mortgage turn-down, but they also play a large role in determining your actual mortgage
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02/06/2010
On the first Friday of every month, the U.S. government releases its Non-Farm Payrolls data from the month prior. The data is more commonly known as "the jobs report" and it swings a big stick on Wall Street. Especially now -- many analysts believe job growth is tightly linked to the future of th
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02/04/2010