February 2014

Found 16 blog entries for February 2014.

By Jessica Shanahan, Premier Lending LLC adapted from the Shirmeyer Rate Market Report.

Mortgage interest rates improved slightly this past week as money moved into Treasuries on concerns regarding the revolution in the Ukraine and Russia moving 150k troops to the Ukrainian border.  Economic data was mixed.  Economic data stronger than expected included the December FHFA House Price Index, January New Home Sales, January Durable Goods Orders, the February Chicago Purchasing Managers Index, and the University of Michigan Consumer Sentiment Index.  New Home Sales increased to their strongest levels since July of 2008.  Economic data weaker than expected included the December Case/Shiller Home Price Index, February Consumer Confidence, weekly jobless

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The Young Professionals Network (YPN) of Boulder Area REALTOR® Association (BARA) is working with high schools to better prepare students for the ‘real world’ of finances through their $mart Money, $mart Moves lectures.  A long time running, the program is picking up speed once again in Boulder County.

RE/MAX of Boulder's Todd Gullette is part of a team of YPN volunteers including Sara Garden of Rocky Mountain Home Staging, Leanne Goff of Wright-Kingdom, Drew Smith of RE/MAX Alliance-Louisville and Jessie Thompson of Premier Mortgage Group that lead lectures designed to teach high school seniors about the importance of credit as well as how to navigate their first year living on their own in a rental property.

The course covers topics such as

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By Jessica Shanahan, Premier Lending LLC adapted from the Shirmeyer Rate Market Report.

Interest rates are still tied up in very narrow ranges with no momentum in either direction. Prior to the open at 9:30 the stock index futures were essentially unchanged after the strong rally yesterday that pushed the S&P to a new all-time high. The 10 yr that drives mortgage rates and prices has been in a 5 basis point yield range for 11 days now; good for home buyers and loan originators in that with no volatility in mortgage rates it lessens the uncertainty for consumers. How much longer these tight trading ranges will remain can’t easily be quantified. On Thursday Janet Yellen goes before the Senate banking Committee to testify about Fed policy, inflation and

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By Katy White 

Clove Berger has been in the real estate business for 16 years; before she was an

accomplished realtor she worked in retail sales. When it comes to her profession she is a

Boulder native through and through. She enjoys showing clients the variety of Boulder’s

neighborhoods because they all have special qualities. She stays motivated by seeing people

get to where they want to be, staying healthy, her great business relationships, and her

children.

Clove loves the quinoa salad with grilled chicken at The Kitchen Next Door, and is very

scarred of heights. She cannot live without her children, laptop, and cell phone, and has

always wished she could play the piano. Her idea of true happiness is life on a beach with

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Ty always comes into the office with a smile and is never hesitant to ask how you are and quick is to laugh.Ty has been in the real estate business since late 2012.Prior to entering the bustling RE/MAX of Boulder team, he ran customer service for another Boulder company: Kid Robot.

 

Here's what else he had to say:

Name 3 things you could not live without.

Oxygen , Water, Pickles

What keeps you motivated?

The incredibly successful agents at RE/MAX of Boulder

What is your favorite local neighborhood, and why?

Mapleton Hill. I love all the beautiful historic houses.

What is your favorite local restaurant, and favorite thing on the menu?

Cafe Sole. They have an awesome $5 breakfast sandwich

What is a secret talent you have?

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What?! Much of the nation is suffering from sub-zero temperatures and record amounts of snow and no one’s house shopping? No!

But that’s exactly what’s happening.

According to the National Association of Realtors®, the record-low weather temperatures that froze parts of the country in December (and are continuing to do so) are hampering pending home sales.

“Unusually disruptive weather across large stretches of the country in December forced people indoors and prevented some buyers from looking at homes and making offers,” says Lawrence Yun, chief economist for the National Association of REALTORS®.

Combined with home prices rising faster than incomes and lack of available home inventory, conditions are giving potential buyers pause in their

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By Jessica Shanahan, Premier Lending LLC adapted from the Shirmeyer Rate Market Report.

Mortgage interest rates increased slightly this past week largely driven by the release of the FOMC minutes from the January meeting.  The minutes indicated that the Fed will continue to taper its Treasury and Mortgage Backed Security purchases.  The minutes also revealed discussion that the Fed may increase short term interest rates sooner than anticipated.  Economic data was mostly weaker than expected.  Economic data weaker than expected included the February New York Empire State Manufacturing Index, the February NAHB Housing Market Index, January Housing Starts and Building Permits, the February Philadelphia Fed Business Index, and January Existing Home Sales. 

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By Jessica Shanahan, Premier Lending LLC adapted from the Shirmeyer Rate Market Report.

Early activity this morning had the stock indexes a little better in the futures markets and interest rate markets generally unchanged. At 8:30 the Feb NY Empire State manufacturing index was expected at 8.0 from 12.51 in January, as released the index was weaker, at 4.48. More weather interference? Or more indication the economy is slowing? Every recent measurement on the manufacturing sector has been weaker than estimates as was January retail sales and the housing market; no doubt the inclement weather has had a negative influence on the economy but how much is being questioned. Economists and analysts that come up with the estimates that markets use to measure

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RE/Max of Boulder’s Katy White sat down with real estate agent Carroll McCorkle. Carroll is an energetic realtor with a passion for the outdoors and food. Here’s what else she had to say:

 

How long have you been in the business?

25 years

Do you have a past professional life?

I used to own my own restaurant and catering company and did some work in horticulture

Favorite part of the day?

Mornings. I love the peace of the day. I always start off with a Pilates or Nia workout.

Favorite Boulder neighborhood?

I love Newlands and Wonderland Hill because they’re close to the mountains and the lake.

What keeps you motivated?

I love what I do and the people I work with.

Favorite Boulder restaurant and favorite thing on the menu?

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by Jessica Shanahan, Premier Lending LLC adapted from the Shirmeyer Rate Market Report.

Mortgage interest rates increased slightly this past week mostly on Fed Chair Yellen’s testimony before the House Financial Services Committee.  In her testimony she indicated that she expects the economy to improve this year implying that the Fed will continue to taper its Treasury and Mortgage Backed Security purchases.  Yellen also indicated that the Fed will also likely keep the Fed Funds rate near zero even after unemployment falls to 6.50% as long as inflation is below 2.000%.  Economic data was mostly weaker than expected.  Of note, December Wholesale Inventories, weekly jobless claims, January Retail Sales, January Industrial Production, and January Capacity

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