March 2014

Found 16 blog entries for March 2014.

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

For each of the past 6 sessions, the closing yield on 10yr Treasuries (our proxy for "bond markets") has been no higher than the previous session. We can't say each day has improved because Monday and Tuesday closed at exactly the same levels.

What's with all the positivity?

First of all, it's not really that overwhelming considering yields were lower two weeks ago and lower again two weeks before that. Indeed the longer term range has been sideways to slightly higher (but mostly sideways), and the past 6 days have simply represented a move from the weaker end of that range to the stronger end.

There are several potential motivations for this apart from a

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Reverse mortgages used to carry a bad name, but according to Bob Groening of Goldwater Bank, those connotations are changing. He often uses the acronym HECM—standing for Home Equity Conversion Mortgage—to explain a reverse mortgage as allowing  homeowners to access the equity in their home as liquid funds. 

Formally looked at as a last resort option for low income households, Groening says reverse mortgage has become “a financial planning tool for all ranges of income,” especially now as the more people are living into their nineties. Because they are non-recourse loans, a borrower or heir will not end up owning more than the collateral is worth.

Reverse mortgage is based on 60% of a home’s appraised value up to $625,500 as well as the owner’s

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

The stock market opened better, the interest rate markets are little changed from yesterday. There are no economic reports today. Without anything more important today markets are focused on the escalation of tensions between the West and Russia. Markets will continue to be uneasy over the situation with Russia but so far there is no noticeable market response to all the tough talk because most don’t take it as seriously as the Administration and Europe’s leaders do. The stock market continues to move higher, the Treasury market (MBSs) holding well in the face of Yellen’s comments earlier this week. The 10 continues to resist moving above 2.80% a very critical level

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

The Russian/Crimea situation and fears of Russia wanting to move against Ukraine have not materialized and presently look well contained. As noted last week, unless bullets were flying the entire event would not last long in terms of financial markets. The rest of today should be rather quiet ahead of the FOMC policy statement tomorrow afternoon. The meeting is starting now and will conclude tomorrow afternoon with the Fed announcing another $10B of tapering of purchase of treasuries and MBSs. The policy statement will tout the continued improvement of the economy while still worrying over employment and the low quality of jobs being created; Janet Yellen will hold

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The first quarter is busy with pent-up buyer demand and lower-than-normal inventory. RE/MAX of Boulder's structure and support enable our Realtors to turn challenging conditions like these into advantages for their clients, and thus their businesses.

FEBRUARY BY THE NUMBERS 

182   Contracts Written $76,270,828   Volume

2013 BY THE NUMBERS 

RE/MAX of Boulder ended 2013 with 732 listings and 683 sales,which combines for 1,415 residential single family and attached dwelling transactions in Boulder and Broomfield counties. That's 133% more than our next closest competitor. In all categories (single family, attached dwellings, income property, vacant land and commercial), RE/MAX of Boulder closed 2,059 sides. We concluded the year with more…
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Year-over-year and month-over-month sales and inventory numbers headed in different directions for single-family homes in February, while multifamily sales showed improvements during both time periods but also saw disparities in its inventory statistics.

What it all adds up to, according to Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association, is an “unusual” Boulder-area market.

Single-family home sales dropped 9.3 percent, with 194 units selling in February compared with 214 units that sold in February 2013. However, February’s sales represented an 8.4 percent increase over the 179 sales in January.

On the other hand, year-over-year condominium and townhomes sales improved 12.3 percent in February 2014 –

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

Yesterday the US stock market took a huge hit, this morning the selling continues in all global markets but in very early activity prior to the open at 9:30 the key US indexes were unchanged. Mortgage interest rates improved this past week largely driven by international news.   Markets very concerned about this weekend’s vote in Crimea on a referendum to secede from the Ukraine and join Russia. Russian troops still on the border. China’s economic slowing is also roiling global markets; the combination of the two concerns sent interest rates lower yesterday on safety moves and hedging against possible continued selling of stocks. Yesterday the 10 yr note rate fell

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Duane Duggan of RE/MAX of Boulder was presented with the RE/MAX Circle of Legends Award at last week’s RE/MAX International Convention in Las Vegas. The award honors highly successful agents based on the amount of commissions received during at least ten years with the company. Created in 2001, The Circle of Legends Award has been achieved by less than one percent of all Sales Associates in the RE/MAX network.          

Duggan has been working in the real estate industry for more than 35 years and has extensive experience in the Boulder County area. He is a third generation native Coloradan and a graduate of the University of Colorado Business School. 

In addition to the Circle of Legends Award, Duane has been a regular member of the Chairman’s

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Louisville continues to make a name for itself as a favored place to live, this time on Sunset Magazine’s the West’s Best Places to Live and Work list.

Sunset named Lousiville the runner-up for “Best ‘burb,” tying with Alameda and South Pasadena, Calif., with Issaquah, Wash., winning the category.

To compile its list, which included six top winners and 18 runners-up, Sunset editors interrogated urban experts about what makes a great place to live in 2014. They then visited or called to talk to people who lived in those communities. Once Sunset editors identified its semifinalists, they asked the magazine’s readers to vote on their favorites, receiving more than 19,000 responses.

About Louisville, population 19,075, Sunset editors say, “This

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Don't miss these open houses this weekend! 

1.      1534 Taylor Mountain Drive, Longmont – OPEN SATURDAY 11 AM – 1 PM 

2.      1077 Canyon Blvd. #211, Boulder – OPEN SUNDAY 1 – 4 PM 

3.      622 W. Pine St., Louisville – OPEN SUNDAY 12 – 3 PM 

4.      4150 Longview Lane, Boulder – OPEN SUNDAY 11 AM – 1 PM 

5.     1917 Lodgepole Drive, Erie – OPEN SUNDAY 1:30 – 3 PM 

6.     10105 Devonshire, Firestone – OPEN SUNDAY 1 – 3 PM 

7.     4570 Macarthur Drive, Boulder – OPEN SUNDAY 1 – 3 PM 

8.     928 Jarvis Drive, Erie – OPEN SUNDAY 12 – 2 PM 

9.     303 St. Ida Circle, Lafayette – OPEN SUNDAY 11 AM – 2 PM 

10.   818 Confidence Drive, Prospect, Longmont – OPEN SUNDAY 2 – 4 PM 

11.   1095 Utica Circle, Boulder – OPEN SUNDAY 11 AM

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