Wishes everyone a Happy Thanksgiving!  Make it a great holiday!

The Fed announced today it will purchase up to $600 billion in mortgage backed securities issued by Fannie, Freddie and Ginnie Mae.
As a result, 30 year fixed rates drop to 5.50%. This is great news!  What isn’t such great news is that those in need of a “hand up” are NOT going to get it.

There are millions of American Tax Payers that given a few months time, forebearance of arrears, or other economic relief, could make good on their financial obligations.  I have spoken with two such people in …

A common question I get asked is “Should we decorate for the holidays while our home is on the market?”

My answer is always “Yes, within reason!”
Here are a few simple rules to follow:

If you live in a condo or small home, make sure your decorations are small in scale, too. Consider a table-top tree instead of a full-size one.

Even in a large home, try to keep decorations to a minimum.

Resist the urge to decorate every room in the house.  Try to stick to one or two …

How does making an inquiry on your Credit Report effect your credit score???

When a consumer pulls their own credit report, it is considered a “consumer disclosure” request and therefore their credit scores will not be impacted by the pull.  However, anytime a creditor accesses a consumer’s credit report it posts a credit inquiry. The credit report keeps a record of who pulled the credit report and on what date.  The credit bureaus are required to keep a complete list of all inquiries into a credit report for, in most cases, 24 …

The number of unsold homes in the Denver area continues to decline. In October there were 23,120 homes on the market, a 20.1% drop from 2007!  Inventory hasn’t been this low since January 2005, when there was slightly less than 21,000 homes available.
One of the primary reasons for the lessening inventory is the fact that would be home sellers, are not putting their homes on the market given the current conditions.  Many sellers we work with are choosing to be landlords, or just sit tight until the competition from bank …

The Parker Road Corridor study extends along the eight mile stretch of Parker Rd. from Hampden on the North, to E-470 on the South.  Currently Traffic volumes range from 40,000 vehicles per day north of E-470 to over 80,000 per day just south of Hampden.  Forecasts for the year 2035 estimate 95,000 and 145,000 respectively.
Now that we have the facts, and assumptions how will this get fixed? This stretch of road is already congested and handling double the traffic is going to be quite a challenge.  I’ve alread discussed the …

Some good news from the State of Colorado Department of Treasury!
Cary Kennedy, State Treasurer
Eric S. Rothaus, Deputy Treasurer
………………………………..
Treasury Notes, October 2008
We all have been watching closely as our nation’s credit markets have experienced extreme stress in recent months. The collapse of some of our nation’s largest and longest-standing financial institutions has caused a crisis of confidence – and liquidity – in the global financial system. It is not yet clear how long these challenges will last or how broadly the impacts will be felt.
The good news is that …

When selling, it would be great to update your home, and make it more desirable to buyers. But, in reality, most sellers have no budget or a very small one to work with. The good news is that there is still hope.
There are many things homeowners can do to prepare their home for the market and improve the chances for a successful sale:

Cleaning your home is probably the most important task you can take on for no money. Dirt, dust and bad odors are the …

Daylight Savings Time ends on Sunday and will start up again on March 8th, 2009.  Don’t forget to set you clocks back one hour Saturday night before you go to bed!
For the record, I hate it getting dark at 5pm!
For more information on Daylight Savings Time you can check out these sites.
http://aa.usno.navy.mil/faq/docs/daylight_time.php
and
http://en.wikipedia.org/wiki/Daylight_saving_time