Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years. If you’re thinking about buying a home, this news may have come as a bit of a shock. But the truth is, it wasn’t entirely unexpected.
Read MoreIf you’re trying to decide when to sell your house, there may not be a better time than this winter. Selling this season means you can take advantage of today’s strong sellers’ market when you make a move in the Boulder/Denver area.
Read MoreUnderstanding the rise in mortgage rates and how they affect your purchasing power is important to knowing when you should make a move.
Read MoreWith home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons.
Read MoreHomeowners can use the equity in their homes to pay for home improvement projects, college tuition, medical bills and other expenses. Equity is the calculated difference between the current market value of the residence and the principal balance owed on any loans secured by the property. Home Equity Loans and Home Equity Lines of Credit (HELOCs) are two forms of low-interest rate financing. They allow borrowers to access equity without selling their homes.
Read MoreThe financial benefits make it clear that doing so now is much more advantageous than waiting until next year.
Read MoreThere are many things to consider when buying a home in Boulder. However, from a purely financial aspect, if you find a home that meets your needs, buying now makes much more sense than buying next year.
Read MoreMortgage interest rates are hovering near all-time lows, which means this could be a great time to buy a home in the Boulder area.
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