Federal Reserve Interest Rate and Long Term Mortgage Rates Yesterday the Federal Reserve increased their interest rate by .75% (3/4). Often this is confused with long term interest rates (fixed rate mortgages) going up by a similar amount. The Federal Reserve increases or decreases their key funds rate when they are trying to cool off or pump up the economy. There can be a few reasons for them to act, this year the reason is inflation. They believe by increasing their funds rate to 4% by year end should reduce spending; reduced spending results in reduced demand, reduced … Continue reading...
Information for Buyers in Castle Rock, Colorado!
Buyers in Castle Rock, if you where looking for a great investment, real estate is still the way to go. Do you know is you purchase a home in July 2019, the average price in Castle Rock was $571,423, In 2020 the average house was $625,000 and 2021 it went up to $715,830 and now the average house in July 2022 is $7741,225. That is better then what you could of got from the stock market and look at the rent you would of saved and the tax deduction on interest you would of got. Call me today to talk about your future investment … Continue reading...
Information on Colorado Market for 2nd Quarter
Information on Colorado Market for 2nd Quarter create By Will Hamm Real Estate Broker/Owner with Hamm Homes July 26, 2022 09:27 AM REPORT In comparison to the red-hot housing boom seen just after the height of the pandemic, today’s market is said to be cooler – but what does that mean for consumers? While demand for homes across Colorado’s real estate markets remains very strong, rising inventory levels and interest rates have slowed the pace at which homes were sold through Q2 of 2022. This shift in the market indicates that the rapid acceleration of prices is decreasing … Continue reading...
Arvada Market report for the week
Arvada, CO Mon Jul 25 2022 This week the median list price for Arvada, CO is $682,500 with the market action index hovering around 67. This is less than last month's market action index of 76. Inventory has increased to 226. Click here to stay informed with the Arvada market! Market Action Index This answers “How’s the Market?” by comparing rate of sales versus inventory. Buyer'sMarketSeller'sMarket0102030405060708090100TodayTodayLast MonthLast Month6767 Strong Seller's Market The market has been cooling off a bit in recent weeks, as more homes are available and … Continue reading...
Mortgage Rates Forcast
This Week's Mortgage Rate Forecast: Rates could be volatile Two big events this week could see rates bounce around a bit - the Fed meeting on Wednesday and inflation data on Friday. The bigger picture is still that rates will slowly improve as inflation concerns ease and are replaced by concerns about a recession. We could see rates vary day-to-day this week more than usual, and whether we end the week better or not could depend on Friday's inflation data. What's affecting rates this … Continue reading...
Broncos Update of Ownership
ENGLEWOOD, Colo. — The Denver Broncos and the Walton-Penner family have entered into a purchase and sale agreement, it was jointly announced on Tuesday. The purchase and sale agreement calls for the Walton-Penner family to acquire the Denver Broncos from the Pat Bowlen Trust. The agreement is subject to approval from the NFL's finance committee and league ownership as well as the satisfaction of customary closing procedures. Please see below for statements from Broncos President & CEO Joe Ellis and Rob Walton on behalf of the Walton-Penner Family Ownership … Continue reading...
Building a House, What You Need to Know
What You Need To Know if You’re Thinking About Building a Home If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, you’re willing to consider either avenue. While home builders are doing everything they can to construct more houses and help narrow the supply shortage, they’re also facing delays due to factors outside of their control. Here’s the latest on some of the key challenges … Continue reading...
All About Your Financial Commitment if You are Getting Divorced
COVID-19 has done more than kill people, shut down schools, destroy small businesses, and instill fear in the populace. It also caused the divorce rate to rise. Between April and June 2020, the divorce rate in the U.S. rose by 34%. This increase is attributed to a combination of fear, financial strain, illness, death of loved ones, isolation from extended families, home schooling children, increased alcohol and drug use, and too much togetherness for those in lock-down. Going through divorce is unpleasant at best, and when there's a house to "split," it can be even … Continue reading...