The demand for housing spiked last month to new records in most parts of the country accoding to local real estate blogs and MLS sources. Feeling a little like the Dutch Tulip Mania of 1637, many people wonder if another Denver price bubble night be starting to form. So, we can get some insight on […]
Lowest Denver Mortgage Rates | Home Buyers Compete
Let’s talk about this crazy real estate market before I dive into Denver mortgage interest rates. If you are a buyer in this market, I only have one piece of advice…”BE AGGRESSIVE”. Inventory of homes for sale is ridiculously low. So, only the aggressive offers accepted or countered. This is no time to be shy. […]
Millennials Home Ownership Still Delayed in Denver
Less than 40% of millennials in Denver neighborhoods own their own home. That surprises me. Because, Denver homes priced less than $500,000 have skyrocketed every month this year except for April. That’s when our industry was locked-down from in-person showings. So, our most affordable homes in Denver neighborhoods and the suburbs sell at a record […]
Forbearance Vs. Deferment
Should I apply for forbearance or deferment? With many people losing their jobs due to the global pandemic lenders are offering forbearance and deferment on their mortgage loans. This is not free money. Therefore, if you can make your mortgage payment, I strongly encourage you to do so. That’s because each lender is different in […]
Denver Real Estate Continues Despite Corona Virus
(Welcome Sean Willox to the ADRE Blog! Sean and his wife work closely with Dennis and Dawn Martin at Coldwell Banker in Littleon, Colorado. Email him at willcox2@comcast.net) The Corona virus situation has engulfed us all right now including those of us selling Denver real estate. Seems like every time we think we have something […]
Avoid Foreclosure During the Virus
By Adam Hebener, Modern Mortgage (Ed Note: Adam Hebener is one of our best lenders for Hotz Group Clients. He is reliable, honest and trustworthy. He has closed mortgage loan for our clients for many years. In addition, we usually find his mortgage interest rates are competitive. Here is his take on how to stay […]
Rent or Buy in Denver?
Sometimes, my friends think that it will be more beneficial to rent rather than buy in Denver. Sure, the landlord handles the routine home maintenance when you rent. So, no maintenance falls to you. But, otherwise renting is just plain more expensive. And, renting limits what you can do with your home or apartment. However, […]
Denver is Affordable
The Benefit of Low Property Taxes Are you hearing about how home prices have soared in the Denver Metro Area in the past couple of years? That may be true. However, when comparing property tax rates, Denver is still affordable. Property taxes vary among states and counties. This added expense to a mortgage can mean […]
Denver Mortgage Rates and The FED
Sometimes, Buyers and Sellers get confused about how the Federal Reserve Board does and does not effect Denver mortgage interest rates. So, we went to our best mortgage lender expert to explain the connection. Surprisingly, a different index provides a better way to track the direction of mortgage rates.
2019 Denver Mortgage Rates Forecast
(Here’s my favorite lender’s forecast for the 2019 Denver Mortgage rates. – Dennis Martin, Coldwell Banker Residential Realty) By Jimmy Kinley What in the world could 2019 have in store for Denver home loans??? If you listen to the media or read the news feeds online, you might think that buying a home is a […]