FHA Increases Fees to Save Programs?
August 10, 2010 by Bob Schenkenberger · 1 Comment
It’s no secret that the housing crisis has strained Fannie Mae, Freddie Mac and the Department of HUD. So, congress just passed H.R. 5981. This bill gives FHA the authority to adjust its mortgage insurance rates to increase funding to the FHA Mutual Mortgage Insurance Fund. This move will immediately begin to yield $300 million [...]
$8000 Tax Credit Still Available for Military
July 9, 2010 by Bob Schenkenberger · 3 Comments
The Get Home Denver Team is pleased to publish this post written by VA expert James Kelley. Homebuilders in Denver, CO are very optimistic about the local economy. According to a recent Denver Post article, builders are buying vacant lots all over Denver with the intention of constructing new homes to meet predicted demand. Although [...]
Denver Real Estate Mortgage Rates
January 22, 2010 by Bob Schenkenberger · Leave a Comment
Denver Area Current Mortgage Rates Program Rate Orig.+Discount Conv. 30 yr. fixed 5.00% 1%+0% FHA 30 yr. fixed 5.00% 1%+0% VA 30 yr. fixed 5.25% 1%+0% 5/1 ARM 3.75% 1%+0% Conv. 15 yr. fixed 4.375% 1%+0%
HUD Suspending 90 Day Rule
January 18, 2010 by Bob Schenkenberger · 2 Comments
HUD’s 90 day rule was a condition put upon home sales stating that if the property was owned for less than 90 days, the owner could not sell it and offer FHA financing. The reason for this was to keep unscrupulous investors from buying low, and re-selling immediately for substantial profit. Investors, rehabbers, and the like, needed to wait a full 90 days before the resale could go through with an FHA loan.
Denver Mortgage Rates 12/4/2009
December 4, 2009 by Bob Schenkenberger · Leave a Comment
The better than expected unemployment numbers have shown the economic recovery may well be taking hold. However, this also caused interest rates to rise slightly from the record lows seen the past couple of weeks. If you have thought about a re-finance, or know someone who is looking to buy a home, let us know. [...]
Mortgage Backed Securities
November 17, 2009 by Bob Schenkenberger · Leave a Comment
There was a nice improvement in MBS (Mortgage Backed Securities) last week. Rates are directly impacted by the trading of MBS coupons, which is why we saw rates improve throughout the week. This could be a continuing trend in the very near term, but beware of the pressures on this market. Much of the market [...]
Mortgage Rate Update 11/12/2009
November 12, 2009 by Bob Schenkenberger · Leave a Comment
Click through to post to see all current rates!
Please note that FICO scores, debt ratios, loan to value, and property type can all significantly effect your rate. Feel free to contact us privately (email or phone) and we would be happy to discuss your individual situation!
Denver Mortgage Rates as of 9-18-2009
September 18, 2009 by Bob Schenkenberger · Leave a Comment
This Week’s Rates 30-yr Fixed: 5.125% 15-yr Fixed: 4.625% 5/1 ARM: 5.00% 3/1 ARM: 5.25% FHA: 5.25% VA: 5.375% Jumbo Arm: 5.00% Jumbo Fixed: 6.30% Feel free to contact us for qualification info!
4500 Colorado Mortgage Licenses Revoked
September 2, 2009 by Bob Schenkenberger · 1 Comment
I recently wrote about the upcoming licensing problems many Colorado Mortgage Brokers would face. This article brought about a lively discussion about whether this was positive or not. I stand by my opinion this is a good thing, despite many great counter points brought up (You can read the story and comments here.) It’s a [...]
First Time Home buyer Credit – Extension?
August 27, 2009 by Bob Schenkenberger · 1 Comment
There is much discussion going on regarding the potential extension of the $8000 first time home buyer credit. Congress returns next month from their summer recess and it is expected the credit extension will be a hot topic of discussion. I wanted to pass on a link to an interesting article from the Wall Street [...]
