RATES FALL SLIGHTLY ON FOMC ANNOUNCEMENT
December 19th, 2008 Categories: Buyer's Corner, First Time Buyers, Market Conditions, Relocating, Selling Thoughts, Trends
Mortgage interest rates fell slightly this past week as the Fed cut the discount rate by 75 basis points at the conclusion of its FOMC meeting on Tuesday. Additionally, the Federal Reserve stated that they would purchase large quantities of agency debt and mortgage backed securities to support the mortgage and housing markets. The yield
Written by Brody Stinson | Discussion: No Comments »
RATES FALL AGAIN ON NEGATIVE ECONOMIC DATA
December 13th, 2008 Categories: Buyer's Corner, First Time Buyers, Market Conditions, Relocating, Selling Thoughts, Trends
Interest rates fell slightly again this week on continued negative economic data. October Wholesale Inventories and weekly jobless claims were much weaker than expected. November Retail Sales fell 1.8%. Excluding automobile sales, Retail Sales were down 1.6%. The November Producer Price Index (PPI) fell 2.2% on expectations that it would fall 1.8%.Excluding the food and
Written by Brody Stinson | Discussion: No Comments »
Boulder County Colorado - a bright spot in a gloomy forecast
December 9th, 2008 Categories: Colorado Round Up, Focus on Boulder, Market Conditions, Relocating
The Boulder Daily Camera highlighted today the economic forecast for the state, stating that “next year 1000’s of people might loose thir jobs, retail sales will be sluggish and the state’s housing market will continue to slide”. This was released Monday from the University of Colorado recapping the 44th Annual Colorado Economic Forecast released Monday.
Written by Karen Cifala | Discussion: No Comments »
Deck The Halls With Boughs Of Holly
December 7th, 2008 Categories: Focus on Boulder, Market Conditions, Selling Thoughts
Yes, Boulder Colorado, decorating your home for the holidays is fun, spiritual, and festive. We love to put out those icicle lights, wreaths, and huge figurines. However, if you are listing your home during the holidays, be cautious to not go overboard. Sellers, you don’t need to keep all the trimmings in storage just because your
Written by Julie Johnson | Discussion: No Comments »
RATES CONTINUE TO FALL ON ECONOMIC DATA
December 5th, 2008 Categories: Buyer's Corner, First Time Buyers, Market Conditions, Relocating, Selling Thoughts, Trends
Mortgage interest rates fell slightly on the week on continued negative economic data.
Todays November employment report showed job losses of 533,000 on expectations that 320,000 jobs would be lost. The unemployment rate was reported at 6.7% on expectations of 6.8%. The ISM Manufacturing Index and the ISM Services Sector Index were weaker than expected. October
Written by Brody Stinson | Discussion: No Comments »
RATES INCREASE DESPITE FALL IN TREASURY YIELDS
November 25th, 2008 Categories: Buyer's Corner, First Time Buyers, Market Conditions, Relocating, Selling Thoughts, Trends
Mortgage interest rates increased slightly this past week despite the yield on the US Treasury 10 year note falling from 3.71% to 3.174% currently. This is the biggest weekly drop in the 10 year note since the stock market crash of 1987. Money continues to flow into safe Treasury debt with short-term yields nearing zero
Written by Brody Stinson | Discussion: No Comments »
The Price Is Right; How To Sell Your Home In A Buyers Market
November 23rd, 2008 Categories: Buyer's Corner, First Time Buyers, Focus on Boulder, Market Conditions, Trends
People are always asking me how my career is going with the “bad” real estate market. I always answer that I’m doing just fine and state that it’s not a bad market in Boulder county - it’s a buyer’s market. I’ve stayed busy showing buyers homes and closing some pretty good deals. As for sellers,
Written by Julie Johnson | Discussion: No Comments »
RATES INCREASE SLIGHTLY ON TREASURY DEBT AUCTIONS
November 14th, 2008 Categories: Buyer's Corner, Colorado Round Up, First Time Buyers, Focus on Boulder, Market Conditions, Real Estate Tales, Relocating, Selling Thoughts, Trends
Today’s Market Commentary:
Interest rates increased slightly this past week as the US Treasury auctioned off $55 billion of debt. Economic data continued to be negative. Weekly jobless claims jumped by 32,000 claims on expectations that claims would actually fall by 2,000. Continuing claims increased to 3.9 million from 3.84 million the previous week. October Retail
Written by Brody Stinson | Discussion: No Comments »
Mortgage Market Update
November 11th, 2008 Categories: Buyer's Corner, First Time Buyers, Market Conditions, Selling Thoughts, Trends
Today’s Market Commentary:
RATES FALL
ON WEAK ECONOMIC DATA
Interest rates improved this week on generally weaker than expected economic data. Today’s employment report for October showed job losses of 240,000 on expectations of 200,000 lost jobs. The unemployment rate increased 0.4% to 6.5% on expectations that it would increase to 6.3%. The October ISM Manufacturing Index was
Written by Brody Stinson | Discussion: No Comments »
RATES FLAT DESPITE WEAK ECONOMIC DATA
October 20th, 2008 Categories: Buyer's Corner, First Time Buyers, Market Conditions, Relocating
Interest rates(HAVE A LOOK AT THIS WEEKS RATES) were mostly flat on the week despite economic data that was mostly negative. The New York Empire State Manufacturing Index, September Retail Sales, September Industrial Production and Capacity Utilization, the Philadelphia Fed Business Index, September Housing Starts and Building Permits, and the University of Michigan Consumer Sentiment Index
Written by Brody Stinson | Discussion: No Comments »
