If you are a believer in the proverb “what goes up must come down” then last week doesn’t hurt so bad. Home Loan Rates Mortgage rates suffered the biggest increase in one week since the presidential election in November 2016. Interest rates rose by +.25% last week. Affordability It seems obvious that as the cost […]
“In the book of life, the answers aren’t in the back.”-Charlie Brown On this day in 1950 the Peanuts comic-strip made its debut in newspapers. Italy Lawmakers in Italy are looking for answers to their financial problems. Earlier today a prominent Italian politician publicly remarked that Italy could solve many of its issues […]
“Jenny Don’t Change Your Number!”- Today is National One-Hit-Wonder Day. What is your favorite hit? Mortgage Rates After consecutive weeks of moving higher the good news is that mortgage rates did not change last week. Home loan rates continue to hover around the highest levels of the past seven years. The Fed As I noted […]
Happy Birthday to Lance Armstrong who is celebrating the start of his 48th trip around the sun. Many people believe Lance is the greatest abuser of performance enhancing drugs in cycling history but I’m not sure. I think Elliott from the movie ET has some answering to do. Mortgage Rates Home loan rates have been […]
Today marks the 17th anniversary of the horrible 9/11 attacks. Virtually every US citizen’s life were altered that day. If you’ve never heard the incredible and inspiring story of Welles Crowther (AKA “the man in the red bandana”) I encourage you to take a moment to watch THIS today. Mortgage Rates Last week I recommended […]
On this day in 1998 two graduate students from Stanford University incorporated their business which was named after the mathematical term for 10 to the 100th power (“1” followed by 100 zeros). Had you invested $100 in their internet search engine business on that day your initial investment would be worth over $41 million today […]
Hey, guys. Evan Swanson, Swanson Home Loans of Cherry Creek Mortgage here to talk to you today about the differences between applying for a loan to buy a condominium and a traditional detached single-family residence. Why are there differences? Well, understand, as a lender, we always must evaluate the collateral for the loan. When a […]
A recent survey by the national maritime association revealed that 3.14% of sailors are pi-rates. Why do I share this important statistic with you? Just because yesterday was national Just Because Day. Mortgage Rates Although mortgage note rates are unchanged from last week the accompanying closing costs are modestly worse. US 10-year Treasury As […]
Housekeeping: This weekly ‘rate update’ email will now be delivered each Tuesday instead of Monday. You may be here today but will you be gone to Maui? On this day in 1959 Hawaii became the 50th state of the union. I plan to celebrate when I am on Kauai in January. Mortgage Rates […]
Video Transcript: Hey guys, Evan Swanson here, Swanson Home Loans, a division of Cherry Creek Mortgage. I’m trying to pack it all into a day, so I’m on my commute home recording the weekly video. This week I wanted to answer the question that we get a lot, which is how long is a […]