On Tuesday, the Fed slashed the Federal Funds Rate (the rate banks charge each other to lend money overnight) by .75% to the lowest target range in history of 0% to .25%. The Fed also lowered the Discount Rate (the rate at which banks can borrow directly from a Federal Reserve Bank) by .75% down [...]

Looking at current interest rates I cant help but to see a huge opportunity for home owners and future home buyers. Let me start by saying that this morning I was in shock when a client of mine received their full mortgage pre-approval from one of our preferred lenders, their interest rate was locked in [...]

Citibank Bailout   President Elect Obama revealed part of his game plan as he described the bailout for Citibank. They will receive $306 billion by using U.S. stock markets that are guaranteed. Barrack Obama also let the public know that our economy will most likely get worse before it starts to get better. The financial [...]

“THE IMPORTANT THING IN THIS WORLD IS NOT SO MUCH WHERE WE STAND, AS IN WHAT DIRECTION WE ARE MOVING.” Oliver Wendell Holmes. And when it comes to the direction our economy may be moving, there was some surprising news from the Fed last week that the “Minutes” from their October meeting revealed. After years [...]

HOPE NOW is a private sector alliance of mortgage servicers, non-profits, counselors, and investors that have assisted many homeowners avoid foreclosure. They have developed a new program in conjunction with the U.S. Treasury, the Federal Housing Finance Authority, Fannie Mae, Freddie Mac and other mortgage loan servicers for “at-risk” homeowners. The plan will go into [...]

Considering The Mortgage Interest Rates   Now that you are ready to take a good hard look at Denver Real Estate, it is important that you are also paying close attention to the current Mortgage Interest Rates that are floating around out there. Just like the gas prices we are so getting used to, what [...]