Open House Properties
Mortgage Rates Up and Down
April 9, 2012 by Marni and Scott Huger · Leave a Comment
Mortgage rates dropped last week Although mortgage rates rose recently in response to a generally positive outlook on the economy, last week saw rates fall with news of Europe’s economy continuing to crumble and reports of uninspiring March employment numbers. HSH.com’s mortgage tracker showed the overall rate for 30-year fixed-rate mortgages dropping to an average of 4.30 percent,... [Read More]
2012 – The Year The Housing Crisis Ended
April 2, 2012 by Marni and Scott Huger · Leave a Comment
Experts find the silver lining in the market cloud Good news/bad news Last week’s Case-Shiller index seemed to be a case of “good news/bad news,” according to economic experts. Although the index showed housing prices at their lowest level since 2003, many economists feel that in combination with the increase in home sales velocity and an encouraging labor outlook, the falling... [Read More]
Bank of America Testing New Foreclosure Relief Program
March 26, 2012 by Marni and Scott Huger · Leave a Comment
Test program in Nevada, Arizona and New York State Bank of America Corp. announced that it is launching a test program for one thousand homeowners in Nevada, Arizona and New York — whose loans are distressed and for whom loan modifications have not worked — that will allow them to turn in the deed to their home (deed-in-lieu) in return for the opportunity to rent their home at or below... [Read More]
Sellers Driving Housing Boost?
March 19, 2012 by Marni and Scott Huger · Leave a Comment
Spread between non-distressed and distressed homes narrows Although prices for both distressed and non-distressed homes declined in 2011, distressed home prices went down less than non-distressed — bringing the total available inventory closer together on the price scale. Radar Logic, a real estate research and analysis firm, reported last week that the recent increase in home sales... [Read More]
Need a Mortgage? There is An App For That
March 12, 2012 by Marni and Scott Huger · Leave a Comment
This week, the iPad app store will welcome the first tablet application for loan originators — MobileLO from On The Go Technology. The app is designed to allow loan officers and brokers “to enter the data fields of a Uniform Residential Loan Application (Form 1003), generate a Good Faith Estimate and other federal and state-specific disclosure documents, pull the applicant’s... [Read More]
Pending Home Sales Trend Up
March 5, 2012 by Marni and Scott Huger · Leave a Comment
Highest Figures Reported in Nearly Two Years NAR’s index highest since April 2010 Good news from the National Association of Realtors (NAR) — its Pending Home Sales Index went up 2 points in January of this year to reach 97.0, the highest level since April of 2010. December was better than we thought The index for December 2011 was also recently revised to reflect... [Read More]
Mortgage Rates Hovering At Historic Lows
February 27, 2012 by Marni and Scott Huger · Leave a Comment
Although most types of mortgages fell a bit last week, experts are predicting a rise in rates in the upcoming weeks due to positive trends in the economy and stock market. 30-year fixed: twelve weeks under 4.0 percent Last week, Freddie Mac reported that rate for 30-year fixed mortgages dropped to 3.87percent — the lowest in over 50 years. By the end of the week, though, the rate climbed... [Read More]
The “Robo Settlement” — What’s in the Details?
February 20, 2012 by Marni and Scott Huger · Leave a Comment
Who Wins and Who Loses in the $26 Billion Deal The $26 billion dollar settlement announced earlier this month the Department of Justice and and Attorneys General from every state with the exception of Oklahoma is being hailed a significant victory for consumers and a step forward for the housing market. Major Lenders Involved in the Settlement There are five major banks involved in the settlement:... [Read More]
Why the Crisis In Greece Matters Here
February 13, 2012 by Marni and Scott Huger · Leave a Comment
How US Mortgage Rates Are Impacted by the Eurozone Economy Although Greece seems far away — and far from involved in the mortgage and housing market challenges faced in the U.S., the fact is that our economies are linked. Simply put, Greece is bankrupt, which means it can’t pay its debts, including those made by foreign governments and banks. Although the direct exposure of U.S.... [Read More]
1803 Snowflake Drive, Colorado Springs, CO
February 12, 2012 by Marni · Leave a Comment
Exquisite home in School District 20 backing to open space, with walls of windows overlooking panoramic Pikes Peak views! Warm hardwood floors, arched doorways and pillars, see-through fireplace, multiple living and dining areas, walk-out lower level, stunning low-maintenance landscaping, and incredible views of the Front Range all showcase this spacious home. Hardwood floors flow through the gracious... [Read More]
