by Jon Terry | Feb 15, 2016 | Blog, Buying A Home, Buying in a Recession, Colorado Living, Foreclosure, Luxury Homes, Luxury Mountain Homes, Selling a Home
According to RealtyTrac’s latest market report, the number of foreclosure filings in November was down 8.71 percent from October, and down 20.1 percent from a year ago. There were 544 foreclosures in November and only 284 bank repossessions (1 out of every 2,652...
by Jon Terry | Sep 30, 2013 | Blog, Foreclosure, Mortgage Guidelines, Short Sale
The Great Recession that started in late 2007 forced many responsible Colorado homeowners into mortgage loan default and/or bankruptcy. Because of this, the Federal Housing Authority (FHA) realized that credit histories don’t always reflect a person’s true ability or...
by Jon Terry | Aug 1, 2012 | Blog, The Economy
When the calendar flips to a new year, analysts and economists like to make predictions for the year ahead. So, today, with the year half-complete, it’s an opportune time to check back to see how the experts’ predictions are faring (so far). If...
by Jon Terry | Jul 25, 2012 | Blog, Mortgage Rates
Another week, another new low for mortgage rates. According to Freddie Mac’s weekly Primary Mortgage Market Survey, the 30-year fixed rate mortgage rate fell 3 basis points to 3.53% last week nationwide. The 3.53% mortgage rate is available to mortgage...
by Jon Terry | Jun 25, 2012 | Blog, Business Savvy, Mortgage Rates, Mortgages
It’s a money-saving time to be a Denver area home buyer. Historically, mortgage rates of all types — conventional, FHA, VA and USDA — have never been lower and low mortgage rates make for low monthly payments. According to Freddie Mac’s weekly...
