March 2013

Found 23 blog entries for March 2013.

All-in-all, a good week for interest rates.  The market today is closed for Good Friday but we have seen a few reports today.  The 10 year long bond ended the week at 1.84%, down about 8 basis points from last Friday. Mortgage interest rates remained the same as Wednesday, with the 30 year barely clinging to 3.5% - but it's still a 3.5% rate. 

The reports for the last half of the week have been more of the same: the economy is improving but not at a consistent rate or one that is strong enough to really signal a recovery that is well defined.  Yesterday's GDP report, which measures the overall economic activity in all segments of the economy, was revised up to 0.4% for the year.  That's a positive number but below the expectation of 0.6% and off

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Back in December, RE/MAX of Boulder launched our Featured Friend program as part of our initiative to give back to those that support us. The Featured Friend campaign highlights one of our local non-profit or business partners on a monthly basis.

February’s Featured Friend was the Wildlands Restoration Volunteers. With offices in Boulder and Fort Collins, “Wildlands Restoration Volunteers is a non-profit organization that provides an opportunity for people to come together, learn about their natural environment, and take direct action to restore and care for the land.”

With warm weather right around the corner, WRV just released their summer calendar of events. “Nearly all of WRV's 2013 projects are now posted on our Projects page. Read about

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Cyprus keeps on giving to homeowners!  Rates on the 30 year fixed rate mortgage have fallen back to 3.5% - by the slightest of margins, but 3.5% is back!  The 10 year long bond dropped back down to 1.83%, pushing toward the low point we saw very briefly the beginning of March and then prior to that, in mid-January.  All that despite the DOW setting a new record yesterday and only being off 39 points at mid-day.  A number of good days for rates.  The driving factors?  Cyprus (more later), Italy and several less than spectacular economic reports.

On the economic front, the Durable Goods Orders came in way above projections (bad for rates) at 5.7%, and the consensus was 3.5%.   Last month's negative 5.2% was revised upward to a negative 3.8% - again, bad

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Here in Colorado we like to enjoy a frozen treat during any time of the year. Whether it’s freezing out or blistering hot, any weather condition is good enough to enjoy some frozen yogurt!

Smooch Frozen Yogurt and Mochi is a fantastic place in Boulder to serve your frozen yogurt needs! The owners Michelle and Christopher Luu opened Smooch’s doors in August 2008 as Boulder’s first frozen yogurt shop.

Michelle moved from California to Boulder in 2007. Right away, she fell in love with the food scene in Boulder. The frozen yogurt frenzy was becoming popular in California and Michelle thought she would bring it to Boulder! The couple’s goal in opening Smooch was to share their love of healthy desserts.

Both Chris and Michelle’s families own small

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Rates Improve Slightly on Cyprus Banking Crisis

Mortgage interest rates improved slightly on the week as news centered on the Cyprus banking crisis.  Cyprus has until Monday to come up with 5.8 billion Euros in order to obtain bank rescue funds from the ECB.  Cyprus considered taxing deposits to raise this money.  Markets are concerned that Cyprus may leave the European Union if unable to raise the necessary funds to receive its bailout.  As a result some money has moved into the relative safety of US and German bonds.  Economic data was mixed.  Economic data stronger than expected included February Building Permits, weekly jobless claims, February Leading Economic Indicators, and the Philadelphia Fed Business Index.  Data weaker than expected included

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If you ever find yourself on Pearl Street not knowing what restaurant to eat at I would suggest going to the West End Tavern! There is great food, drinks, and a wonderful atmosphere to tend to everyone’s needs!

The West End Tavern got started 26 years ago by Minnie and Beaver, the tavern’s original owners. When it first got started, the West End Tavern was more of a bar scene. Now, it has transformed into more of a restaurant atmosphere while keeping the popular bar features.

Erin Peacock, the current general manager, gave me some insight on West End Tavern’s most popular items on the menu. The smoked and BBQ items are their most popular. I would have to agree with Erin considering the burger I had was delicious! All of their beef is local and

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RATES IMPROVE SLIGHTLY DESPITE POSITIVE ECONOMIC DATA

Mortgage interest rates improved slightly on the week despite mostly stronger than expected economic data. Economic data stronger than expected included February Retail Sales, January Business Inventories, weekly jobless claims, February Industrial Production, and February Capacity Utilization. Business inventories had their largest increase since May of 2011 and Capacity Utilization reached its highest level since March of 2008. Economic data weaker than expected included the March New York Empire State Manufacturing Index and the March University of Michigan Consumer Sentiment Index which fell to its lowest level since December of 2011. The Treasury auctioned $69 billion in 3 Year Notes, 10 Year

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A good end to the week for interest rates.  Although most all the economic information coming out this week has seeemingly been positive for the economy, the consumers sent a clear message to the markets today; "We aren't buying it.  There are too many problems still out there".  So, how did this happen?  Today's Consumer Sentiment Report came in significantly lower than expected (71.8); not only below consensus (77.5) but below the bottom of the range for the consensus (73) and below last month's reading of 77.5. Then on top of that, it was way below the readings for the last two weeks of February (79).  This report has a number of components to it, all with similar type names and while virtually all components were down.  The "expectations" component

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Green, green, green! The color everyone will be sporting this weekend! Saint Patrick’s Day is a day for everyone to be Irish!

Boulder has many fun activities this weekend for all ages! Drop by Conor O’Neill’s Traditional Irish Pub to check out their outdoor festival on Sunday, March 17th starting at noon. There will be bagpipers and Irish dancers!

If you’re looking for a nice concert to bring the family to, the Boulder Public Library is featuring Bonnie Carol, a Celtic singer. This event is also happening on Sunday at 2 pm.

Another family friendly event you could attend is an Irish dance performance at the Whole Foods in Superior by the Celtic Steps. Enjoy watching traditional Irish dancing! After their performance all the children can

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Unexpectedly, the Denver Broncos made the big splash on day 1 of the frenzy that is the NFL free agency period by signing highly productive WR, Wes Welker. Lead by Exec VP of Operations and Hall of Famer, John Elway, owner Pat Bolen and the organization have been true to their “win now” commitment that landed Peyton Manning in Denver last season and put the Broncos one Raheem Moore bonehead play away from the AFC title game.

The addition of Welker instantly makes an already budding wide receiver unit one of the best in the league. The Broncos have youth, size and speed on the outside with Eric Decker and Demaryius Thomas and you can pretty much pencil in 100 catches for Welker operating from the slot.

Before the Welker signing, rising young

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