by Jon Terry | Feb 2, 2012 | Blog, The Economy
This week, once more, we find mortgage rates are on a downward trajectory. Conforming mortgage rates have returned to near all-time lows. After this morning’s Non-Farm Payrolls report, however, those low rates may come to an end. It’s a risky time for...
by Jon Terry | Nov 17, 2011 | Blog, Buying A Home, Buying in a Recession, Housing Analysis, Real Estate Definitions, Residential Real Estate, Statistics
Homebuilder confidence continues to rise. Just two months after falling to a multi-month low, the Housing Market Index surged again in November, climbing another three points to 21. It’s the second straight month that the HMI posted a 3-point gain, catapulting...
by Jon Terry | Oct 12, 2011 | Blog, Buying A Home, Buying in a Recession, Mortgages, Residential Real Estate
This Month I will highlight the second of the five most important loan programs about which consumers need to know. The Colorado Housing and Finance Authority or CHFA was created in 1973 by the Colorado Legislature to address the shortage of affordable housing in the...
by Jon Terry | Oct 11, 2011 | Blog, Buying A Home, Buying in a Recession, Credit, Foreclosure, Mortgages, Residential Real Estate, Short Sale
In these difficult economic times, I am commonly asked whether it would be better to have a short sale or a foreclosure on ones credit report. The answer is complicated and has lot of moving parts. A short sale shows up on your credit report as a “derogatory...
by Jon Terry | Sep 23, 2011 | Blog, Buying A Home, Buying in a Recession, Credit, Mortgages
Pay your bills on time- Pay your bills on time, every time! One way to make sure your payments are on time is to set up automatic payments on the creditor’s website or from your banking institution. Make sure that you have enough funds to clear the account,...