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First Time Home Buyer FAQs
Posted by: Fairway Independent Mortgage
2013-01-15 12:50:50
First-Time Home Buyers FAQs Buying a home is one the biggest financial decisions most people will make in their entire lives, so it's only natural to have questions about the process, especially for first-time home buyers. That's why we put together our own First-Time Home Buyer...[read more...]
Categories: general
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Castle Pines, Castle Rock, Columbine, Cherry Hills
Market Recap - Week Ending Friday, November 9th 2012
Posted by: Fairway Independent Mortgage
2012-11-12 08:57:18
Two major factors were positive for mortgage rates this week. President Obama won the election, and concerns about Europe increased. As a result, mortgage rates ended the week lower. The conventional wisdom was that an Obama victory would be positive for bonds and negative for stocks, and th...[read more...]
Categories: market recap
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Westminister, Alamosa, Applewood, Aurora, Boulder, Brighton
Market Recap - Week Ending Friday, October 19th 2012
Posted by: Fairway Independent Mortgage
2012-10-22 14:22:53
In recent weeks, mortgage rates have been pushed and pulled mostly by Fed policy expectations and European Union headlines. With little news on these fronts, though, the US economic data emerged as the main driver of mortgage rates this week. Unfortunately for mortgage rates, the data was general...[read more...]
Categories: market recap
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Westminister, Alamosa, Applewood, Aurora, Boulder, Brighton
Back-2-School Money Saving Tips
Posted by: Fairway Independent Mortgage
2012-08-23 12:42:21
Are you looking for some easy money saving tips? Look no further, we have found a few resources for you already. Check out the links below for even more money saving tips, now...check out our Top 5! Shop at home first. Find last years scissors, rulers, and organizational supplies they...[read more...]
Categories: money saving tips
Tags: Back-2-School, Money Saving Tips, Danver, Colorado, mortgage, refinance, FHA
Market Recap - Week Ending Friday, June 22, 2012
Posted by: Fairway Independent Mortgage
2012-06-26 09:30:49
Despite historic Greek elections and a highly anticipated Fed meeting, it was a surprisingly quiet week for mortgage rates, since neither event shed much light on investors' primary questions. As a result, mortgage rates ended the week with very little change. Investors hoped that the tw...[read more...]
Categories: market recap
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Westminister, Alamosa, Applewood, Aurora, Boulder, Brighton
Market Recap - Week Ending Friday, June 15, 2012
Posted by: Fairway Independent Mortgage
2012-06-18 10:00:56
Investors were focused on events in Europe last week, ahead of the Greek elections. The US economic data released during last week was generally weaker than expected. Anticipation of action by global central banks helped mortgage rates end the week a little lower. The highly anticipated elec...[read more...]
Categories: market recap
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Lone Tree, Louisville, Brighton, Boulder
Market Recap - Week Ending Friday, June 1, 2012
Posted by: Fairway Independent Mortgage
2012-06-04 10:45:12
Weaker than expected US economic data and continuing concerns about Europe were positive for mortgage rates, which declined to record low levels last week. Nearly all of the economic data released last week, including GDP, ISM Manufacturing, Consumer Confidence, and Pending Home Sales, fell ...[read more...]
Categories: market recap
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Westminister, Alamosa, Applewood, Aurora, Boulder, Brighton
Market Recap - Week Ending Friday, May 25, 2012
Posted by: Fairway Independent Mortgage
2012-05-29 09:24:22
Last week's economic news contained few surprises. The US economic data was mixed, and demand was close to average for the Treasury auctions. Mortgage rates ended the week just a little higher, after reaching an all time record low the week prior. The slow pace of global economic growth ...[read more...]
Categories: market recap
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Lone Tree, Louisville, Brighton, Boulder
Market Recap - Week Ending Friday, May 18, 2012
Posted by: Fairway Independent Mortgage
2012-05-21 13:35:40
Once again, the primary influence on mortgage rates was the uncertainty in Europe. Mixed economic data released last week was roughly neutral. Investors seeking relatively safer assets pushed stocks lower and mortgage rates to record low levels. In Europe, the focus was primarily on Greece l...[read more...]
Categories: market recap
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Westminister, Alamosa, Applewood, Aurora, Boulder, Brighton
Market Recap - Week Ending Friday, May 11, 2012
Posted by: Fairway Independent Mortgage
2012-05-14 10:13:27
Last week saw increasing uncertainty in Europe, leading to lower stock prices and strong demand for the US Treasury auctions. Ordinarily, these factors would result in improved mortgage rates, but mortgage rates ended the week nearly unchanged from the week prior. In closely watched election...[read more...]
Categories: market recap
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Westminister, Alamosa, Applewood, Aurora, Boulder, Brighton
Market Recap - Week Ending Friday, April 27, 2012
Posted by: Fairway Independent Mortgage
2012-04-30 09:59:48
Increased concerns about the troubles in Europe had the biggest influence on mortgage rates last week. As usual, investors reacted by shifting to relatively safer assets including US mortgage-backed securities (MBS), and mortgage rates again ended the week a little lower. Spain has been the ...[read more...]
Categories: market recap
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Westminister, Alamosa, Applewood, Aurora, Boulder, Brighton
Market Recap - Week Ending Friday, April 20, 2012
Posted by: Fairway Independent Mortgage
2012-04-23 11:56:38
Fixed mortgage rates held relatively stable last week amid signs that inflation remains in check...both headline inflation gauges (the consumer and producer prices indexes) for March were in line with market expectations, according to Frank Northaft, chief economist for Freddie Mac. 30-year fixed...[read more...]
Categories: market recap
Tags: Mortgage, Refinance, Interest Rates, Fairway Mortgage, FHA, VA, Jumbo, Loan, Denver, Colorado, Littleton, Arvada, Arapahoe, Highlands Ranch, Cherry Creek, Westminister, Thornton, Broomfield, Boulder, Centennial, Aurora, Arvada, First Time Home Buyer, Real Estate, Home Loan
Market Recap - Week Ending Friday, April 13, 2012
Posted by: Fairway Independent Mortgage
2012-04-16 11:25:20
Your Market Recap Weaker than expected Employment data and increased concerns about Europe helped mortgage rates last week, and they ended lower than where they were before the March Employment report. While slower employment growth is painful for the country in nearly every way, this ge...[read more...]
Categories: market recap
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Castle Pines, Castle Rock, Columbine, Cherry Hills
Market Recap - Week Ending Friday, March 30, 2012
Posted by: Fairway Independent Mortgage
2012-04-03 07:16:44
Additional comments indicating that the Fed is in no rush to tighten policy and renewed concerns about Europe helped mortgage rates improve last week. Mixed economic data and Treasury auction results had little overall impact. After the March 13 Fed statement, mortgage rates swiftly moved hi...[read more...]
Categories: market recap
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Castle Pines, Castle Rock, Columbine, Cherry Hills
Market Recap - Week Ending Friday, March 23, 2012
Posted by: Fairway Independent Mortgage
2012-03-26 10:05:39
Mortgage rates remained volatile last week, mostly due to shifting expectations about future Fed action. Early in the week, mortgage rates continued the prior weeks' move higher. Comments from Fed officials helped them recover their losses later in the week, though, and they ended the week sl...[read more...]
Categories: market recap
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Castle Pines, Castle Rock, Columbine, Cherry Hills
Market Recap - Week Ending March 16, 2012
Posted by: Fairway Independent Mortgage
2012-03-22 07:31:10
What began as a quiet week quickly turned negative following the release of Tuesday's Fed announcement. Mixed economic data and Treasury auctions had little impact. Mortgage rates ended the week significantly higher. While it was very similar to the last statement, the Fed announcement r...[read more...]
Categories: market recap
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Lone Tree, Louisville, Brighton, Boulder
Market Recap - Week Ending March 9, 2012
Posted by: Fairway Independent Mortgage
2012-03-13 10:15:42
Overall, the economic data came in pretty close to expectations last week, and Greece successfully reached a debt deal with private bondholders. With a lack of surprises in the economic news, mortgage rates ended the week nearly unchanged. While it was a little stronger than expected, the im...[read more...]
Categories: market recap
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Castle Pines, Castle Rock, Columbine, Cherry Hills
Market Recap - Week Ending March 2, 2012
Posted by: Fairway Independent Mortgage
2012-03-05 12:48:57
It was a volatile week last week for mortgage rates, reacting to mixed economic data and unexpected comments from Fed Chief Bernanke. The various influences roughly offset each other, though, and mortgage rates ended the week essentially unchanged. Testifying before Congress on Wednesday, Fe...[read more...]
Categories: market recap
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Lone Tree, Louisville, Brighton, Boulder
Hot off the press! FHA will raise MI premiums again on April 1st
Posted by: Fairway Independent Mortgage
2012-03-02 07:48:25
FHA is at it again and will be raising mortgage insurance premiums April 1st. Increasing both the upfront premium (the one that gets financed into the loan) by 0.75%, from 1% to 1.75%, and the monthly premium from 1.15% to 1.25%. On a $200,000 loan, this will raise the monthly payments by about $...[read more...]
Categories: recent news
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Lone Tree, Louisville, Brighton, Boulder, FHA, FHA Rates
Market Recap - Week Ending February 24, 2012
Posted by: Fairway Independent Mortgage
2012-02-28 13:51:00
The Greek bailout package was passed on Monday as expected, and there was little reaction in US markets. Mixed US economic data also had little influence. Strong Treasury auctions were the biggest factor for mortgage rates last week, and rates ended the week a little lower. Investors are beg...[read more...]
Categories: market recap
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Lone Tree, Louisville, Brighton, Boulder
Market Recap - Week Ending February 17, 2012
Posted by: Fairway Independent Mortgage
2012-02-20 10:24:16
Increased optimism that a Greek bailout package will be approved on Monday/Today, caused investors to shift to riskier assets, which was negative for mortgage rates. Mixed US growth and inflation data had little net impact. Mortgage rates ended the week a little higher. After several weeks o...[read more...]
Categories: market recap
Tags: Mortgage Rates, First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Castle Pines, Castle Rock, Columbine, Cherry Hills
Mortgage Rates Bouncing Back!
Posted by: Fairway Independent Mortgage
2012-02-15 09:40:04
With interest rates hovering at all-time lows it is important to understand the key factors influencing their movement. Right now there are two things happening in our economy which will continue to suppress interest rates while they figure themselves out. First and foremost is employ...[read more...]
Categories: recent news
Tags: Mortgage Rates, First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Castle Pines, Castle Rock, Columbine, Cherry Hills
Market Recap - Week Ending January 10, 2012
Posted by: Fairway Independent Mortgage
2012-02-13 14:38:34
With little US economic news this week, investors focused most of their attention on Europe, where Greece is attempting to avoid a debt default. A lack of progress in Greece late in the week caused a minor flight to safety, and mortgage rates ended slightly lower than last week. For most of ...[read more...]
Categories: market recap
Tags: Mortgage, Loan, Refinance, Colorado, Denver, littleton, Arvada, Wheat Ridge, Boulder, Broomfield, Rate, FHA, Home Mortgage
Market Recap - Week Ending Friday, February 3, 2012
Posted by: Fairway Independent Mortgage
2012-02-07 10:17:48
Market Recap The most significant influence on mortgage rates last week was Friday's Employment report, which was much stronger than expected. Events in Europe have had less impact on US markets in recent weeks. While mortgage rates moved lower early in the week, they ended the week a lit...[read more...]
Categories: market recap
Tags: Fairway Mortgage, Loan, Refinance, Mortgage, Colorado, Denver, littleton, Arvada, Wheat Ridge, Boulder, Broomfield, Rate, FHA
Long Term Interest Rates Expected to Remain Low
Posted by: Fairway Independent Mortgage
2012-01-26 14:38:26
Yesterday the FOMC (Federal Open Market Committee) made an announcement that moved the bond market considerably in favor of interest rates remaining low. Announcing their plans to keep the Discount Rate at the current level of 0.25% through late 2014 is a good economic indicator to forecast...[read more...]
Categories: rates
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate,
10 Questions You Must Ask When Applying for a Mortgage Loan
Posted by: Fairway Independent Mortgage
2012-01-25 12:23:14
When you sit down with a lender, please be sure to get answers to these 10 questions before you go any further in the loan process. What is the interest rate on this mortgage? Be sure to ask for the annual percentage rate (APR) of the loan's interest. The APR is usu...[read more...]
Categories: general
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Lone Tree, Louisville, Brighton, Boulder
Market Recap - Week Ending January 20, 2012
Posted by: Fairway Independent Mortgage
2012-01-23 10:07:33
Good Morning and Happy Monday, An improving US economic outlook was negative for mortgage rates last week. Reduced concerns about Europe also caused a partial reversal in the flight to safety trade. As a result, mortgage rates ended the week higher. Early in the month, the December Empl...[read more...]
Categories: market recap
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Lone Tree, Louisville, Brighton, Boulder
Financial Reasons to Buy
Posted by: Fairway Independent Mortgage
2012-01-20 15:12:02
Financial Reasons to Buy There are a number of personal and emotional reasons to buy a home. But there are also some strong financial reasons to make the investment. Here are just a few of those reasons: Increase Net Worth: Few things have a greater impact on net worth than owning a hom...[read more...]
Categories: general
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Castle Pines, Castle Rock, Columbine, Cherry Hills
Banks vs. Mortgage Brokers
Posted by: Fairway Independent Mortgage
2012-01-18 10:44:23
One of the first things you think about when deciding to buy a home is applying for a mortgage loan. Many people wonder if it’s better to work with a mortgage broker or a bank. The differences are bigger than you think. Banks, Credit Unions, and Similar Lending Institutions ...[read more...]
Categories: general
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Castle Pines, Castle Rock, Columbine, Cherry Hills
Shopping Around? Here is an Inside Scoop on how to do it right!
Posted by: Fairway Independent Mortgage
2012-01-17 11:04:02
Here is a great article written by one of our own, Giuseppe Battaglioli. First: make sure you are working with an experienced, professional loan officer. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you p...[read more...]
Categories: general
Tags: Mortgage, Refinance, Interest Rates, Fairway Mortgage, FHA, VA, Jumbo, Loan, Denver, Colorado, Littleton, Arvada, Arapahoe, Highlands Ranch, Cherry Creek, Westminister, Thornton, Broomfield, Boulder, Centennial, Aurora, Arvada, First Time Home Buyer, Real Estate, Home Loan
Market Recap - Week Ending January 13, 2012
Posted by: Fairway Independent Mortgage
2012-01-16 11:34:50
Last Weeks Market Recap Increased concerns about Europe helped mortgage rates improve last week, although the impact of the recently passed extension to the payroll tax reduction is beginning to push up mortgage rates for certain loans (discussed below). The news from Europe was mostly n...[read more...]
Categories: market recap
Tags: First Time Home Buyer, Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Castle Pines, Castle Rock, Columbine, Cherry Hills
Market Recap - Week Ending January 6, 2012
Posted by: Fairway Independent Mortgage
2012-01-09 11:15:11
During the first week of the new year, mortgage rates continued to be influenced by the same factors as in 2011. Stronger than expected US economic data roughly offset continued concerns about Europe, and mortgage rates ended the week nearly unchanged. Friday's Employment report provided...[read more...]
Categories: market recap
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton
What's Your Rate?
Posted by: Fairway Independent Mortgage
2012-01-06 14:48:30
What's Your Rate? When it comes to buying a home, consumers can no longer shop for a mortgage based simply on lowest interest rate quotes. Today's homebuyers need good advice from an experienced, educated mortgage professional who has their best interest in mind. Consumers need t...[read more...]
Categories: rates
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton, Westminister, Alamosa, Applewood, Aurora, Boulder, Brighton
Maintaining a Good Relationship with your Agent
Posted by: Fairway Independent Mortgage
2012-01-05 14:24:56
Matintaining a Good Relationship with your Agent A relationship between you and your real estate agent is like any other. Sometimes it takes a little TLC on both ends. It’s important to remember that your real estate agent is working on your behalf. They may be making a commission ...[read more...]
Categories: real estate agents
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Englewood, Aurora, Cherry Creek, Thornton
Market Recap - Week Ending December 29, 2011
Posted by: Fairway Independent Mortgage
2012-01-04 09:48:36
Happy New Year! This weeks market recap...Many investors wanted to avoid risk during the final week of the year, which helped relatively safer assets such as US mortgage-backed securities (MBS). As a result, mortgage rates fell a little to end near the lowest levels of the year. While ec...[read more...]
Categories: market recap
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Fannie Mae, Freddie Mac
All About Interest Rates
Posted by: Fairway Independent Mortgage
2012-01-04 09:48:24
All About Interest Rates One way to think about Interest Rates is to consider it a "rental fee" of sorts. If I rent you the use of my equipment, say, a lawn mower, I can charge you a daily fee for the rental, and expect you to return my equipment. Borrowing money through...[read more...]
Categories: rates
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate, FHA, Fannie Mae, Freddie Mac, APR,
MArket Recap - Week Ending December 16, 2011
Posted by: Fairway Independent Mortgage
2011-12-19 10:31:12
Present Market Conditions: Due to continuing concerns over European debt issues and global economic growth, Investors continue to be attracted to relatively safer assets, specifically U.S. Treasuries and Mortgage-backed securities. As a result, "Mortgage rates were at or near all-time re...[read more...]
Categories: market recap
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate,
Market Recap - Week Ending December 2, 2011
Posted by: Fairway Independent Mortgage
2011-12-05 14:54:11
Last Weeks Market Recap. This week, the effects on mortgage rates from increased optimism about Europe and stronger than expected US economic data were offset by increased expectations for additional Fed purchases of mortgage-backed securities (MBS). As a result, mortgage rates ended the week...[read more...]
Categories: market recap
Tags: Fairway Mortgage, Loan, Refinance, Mortgage, Colorado, Denver, littleton, Arvada, Wheat Ridge, Boulder, Broomfield, Rate, FHA
Tips to Avoid Credit Problems During the Holidays
Posted by: Fairway Independent Mortgage
2011-12-05 11:28:07
From our Friend Sarah Rufo at A+ Credit Consulting LLC Tips To Avoid Credit Problems During The Holidays With the holidays fast approaching, your credit could be in jeopardy. The most common mistake made during this time of year is racking up debt to buy gifts. It may seem like a good ide...[read more...]
Categories: credit
Tags: Fairway Mortgage, Mortgage, Refinance, Interest Rate, Pre-Approval, Denver, Colorado, Littleton, Boulder, Arvada, Englewood. Lakewood, Wheat Ridge,
Week Ending November Friday November 18th
Posted by: Fairway Independent Mortgage
2011-11-28 12:39:48
It was a surprisingly quiet week for mortgage rates with little of the daily volatility seen in recent weeks. Investors continued to watch the situation in Europe, but events there had little impact. The US economic data was roughly neutral for mortgage rates, and rates ended the week with little...[read more...]
Categories: market recap
Tags: Fairway Mortgage, Loan, Refinance, Mortgage, Colorado, Denver, littleton, Arvada, Wheat Ridge, Boulder, Broomfield, Rate,
Week Ending November 4th, 2011
Posted by: Fairway Independent Mortgage
2011-11-07 11:26:25
Here is this weeks Market Recap! Increased concerns about Europe caused a flight to safety this week, which helped mortgage rates improve. The Fed statement, which contained no major surprises, and the economic data released during the week had little impact on mortgage rates. As a result, mo...[read more...]
Categories: market recap
Tags: Fairway Mortgage, Mortgage, Refinance, Interest Rate, Pre-Approval, Denver, Colorado, Littleton, Boulder, Arvada, Englewood. Lakewood, Wheat Ridge,
Week Ending October 28, 2011
Posted by: Fairway Independent Mortgage
2011-10-31 10:15:17
Good Morning and Happy Halloween, To the relief of investors, European leaders reached agreement to provide aid to countries with debt troubles. Investors reversed the flight to safety trade, pushing mortgage rates higher. The economic data released during the week was positive for mortgage ...[read more...]
Categories: market recap
Tags: Fairway Mortgage, Mortgage, Refinance, Interest Rate, Pre-Approval, Denver, Colorado, Littleton, Boulder, Arvada, Englewood. Lakewood, Wheat Ridge,
The Myth of the Pre-Approved Loan
Posted by: Fairway Independent Mortgage
2011-10-27 13:23:03
The Myth of the Loan Pre-Approval This is a MUST watch video on how to purchase a home the RIGHT way. Click to watch. Please Comment and let us know what you think. [read more...]
Categories: video blog
Tags: Fairway Mortgage, Mortgage, Refinance, Interest Rate, Pre-Approval, Denver, Colorado, Littleton, Boulder, Arvada, Englewood. Lakewood, Wheat Ridge,
Week Ending October 21, 2011
Posted by: Fairway Independent Mortgage
2011-10-24 14:42:41
This Weeks Market Recap European debt problems remained the primary focus this week, and shifts in sentiment caused a lot of volatility, but there was a lack of concrete news. The next decisions from European officials are expected to be revealed next week. The economic data released this wee...[read more...]
Categories: market recap
Tags: Fairway Mortgage, Loan, Refinance, Mortgage, Colorado, Denver, littleton, Arvada, Wheat Ridge, Boulder, Broomfield, Rate,
Week Ending October 14, 2011
Posted by: Fairway Independent Mortgage
2011-10-18 14:37:33
Investors grew more optimistic about US economic growth and less concerned about Europe this week. This helped the stock market rally during the week. For mortgage rates, though, this news was not favorable. After reaching new lows early last week, mortgage rates continued to move higher this wee...[read more...]
Categories: market recap
Tags: Fairway Mortgage, Loan, Refinance, Mortgage, Colorado, Denver, littleton, Arvada, Wheat Ridge, Boulder, Broomfield, Rate,
Mortgage Interest Rate Myths
Posted by: Fairway Independent Mortgage
2011-10-14 13:25:43
This may come as a shock to many borrowers, but it's absolutely true. Mortgage interest rates are not set by the Federal Reserve and, contrary to popular belief, mortgage rates are not directly tied to the yields of US Treasury bills, bonds, or notes – including the 10-year Treasury Not...[read more...]
Categories: rates
Tags: Fairway Mortgage, Loan, Refinance, Mortgage, Colorado, Denver, littleton, Arvada, Wheat Ridge, Boulder, Broomfield, Rate,
Week Ending October 7,2011
Posted by: Fairway Independent Mortgage
2011-10-10 10:53:29
Happy Columbus Day, Most of the news this week was not good for mortgage rates. The economic data was generally a little stronger than expected, and investor concerns about Europe decreased. As a result, after reaching new lows early in the week, mortgage rates ended the week higher. Against a...[read more...]
Categories: market recap
Tags: Fairway Mortgage, Loan, Refinance, Mortgage, Colorado, Denver, littleton, Arvada, Wheat Ridge, Boulder, Broomfield, Rate,
Ways to Improve Credit Score
Posted by: Fairway Independent Mortgage
2011-10-05 08:38:12
Ways to Improve a Credit Score With identity theft on the rise, consumers are becoming increasingly aware of the importance of reviewing their credit reports. However, their thoughts about credit and its long-term impact upon their financial future typically end there until it's time to apply for a...[read more...]
Categories: credit
Tags: Fairway Independent Mortgage, Mortgage, Loan, Interest Rate, Denver, Colorado, Littleotn, Arvada, Broomfield, Boulder, Longmont, Thornton
Week Ending September 30, 2011
Posted by: Fairway Independent Mortgage
2011-10-03 09:46:18
Here is last weeks Market Recap After dropping to fresh lows following last week's Fed announcement, mortgage rates gave back some of their gains this week and ended a little higher. Reduced investor concerns about Europe added to the upward pressure on mortgage rates as well. When financial ma...[read more...]
Categories: market recap
Tags: Fairway Mortgage, Loan, Refinance, Mortgage, Colorado, Denver, littleton, Arvada, Wheat Ridge, Boulder, Broomfield, Rate,
Junk Fees
Posted by: Fairway Independent Mortgage
2011-09-29 12:19:55
JUNK FEES A "junk fee” is a derogatory term defining extra fees tacked on by the lender, which are charged as a dollar figure rather than a percentage. It is important to know that you can often negotiate these fees or have them removed if they have not been properly disclosed to you. ...[read more...]
Categories: general
Tags: Fairway Mortgage, Loan, Mortgage, Denver, Colorado, littleton, wheat ridge, arvada, arapahoe, centennial, Interest Rate
Week Ending September 23, 2011
Posted by: Fairway Independent Mortgage
2011-09-26 09:59:21
Last week, the Fed announced new measures to boost the economy. Expectations are low for much economic growth to result from the measures, but they did help push mortgage rates to historic lows. The Fed released its statement Wednesday afternoon, and MBS markets then staged a very strong rally f...[read more...]
Categories: market recap
Tags: Mortgage, Refinance, Fairway Mortgage, Colorado, Denver, Littleton, Wesminister, Arvada, Golden, Highlands Ranch, Loan, Interest Rate,
Shopping for a Mortgage?
Posted by: Fairway Independent Mortgage
2011-09-23 13:37:26
Shopping for a Mortgage In theory, finding the right mortgage should be a fairly simple process, especially since there are fewer product options to choose from these days than there have been in the past. However, obtaining the right mortgage is a complex financial decision no matter how many pro...[read more...]
Categories: general
Tags: Mortgage, Refinance, Interest Rates, Fairway Mortgage, FHA, VA, Jumbo, Loan, Denver, Colorado, Littleton, Arvada, Arapahoe, Highlands Ranch, Cherry Creek, Westminister, Thornton, Broomfield, Boulder, Centennial
Prepayment Penalties
Posted by: Fairway Independent Mortgage
2011-09-20 10:09:03
If your loan is structured to include a prepayment penalty, the lender has probably done this to protect their interests and discourage you from refinancing at a lower rate. In many cases, there is no penalty if you sell the home, but if you refinance it represents a financial loss. Take caution wit...[read more...]
Categories: general
Tags: Fairway Mortgage, Interest rate, Colorado, Denver, arvada, littleton, Arapahoe, castle rock, highlands ranch, mortgage, refinance
Week Ending September 16, 2011
Posted by: Fairway Independent Mortgage
2011-09-19 09:11:05
Good Morning, Last weeks recap... Investors grew a little less concerned about Europe during the week, which was favorable for the stock market but negative for mortgage rates. This week's inflation data also was unfavorable for mortgage rates, and rates ended the week a little higher. This movem...[read more...]
Categories: market recap
Tags: Fairway Mortgage, Denver, Colorado, Littleton, Arvada, Broomfield, Boulder, Mortgage, Interest Rate, FHA, VA Loan, Loan, Conventional Loan, First Time Home Buyer,
Week Ending September 9, 2011
Posted by: Fairway Independent Mortgage
2011-09-12 10:56:05
Good Morning! I hope that you had a wonderful weekend as we kicked off the beginning of the NFL season. Here is what happened last week in the economy. This week's economic news contained few surprises. Fed Chief Bernanke gave no indication of policy changes and President Obama's jobs package ma...[read more...]
Categories: market recap
Tags: Fairway Mortgage, Colorado, Denver, Littleton, Arvada, Boulder, Lakewood, Englewood, Mortgage Rate, Obama, FHA, Mortgage, Jumbo Loan, Loan,
Week Ending September 2, 2011
Posted by: Fairway Independent Mortgage
2011-09-06 14:30:32
Good afternoon! Hope your Labor Day Weekend was great! Major economic data and uncertainty about future Fed policy produced another volatile week for mortgage rates. Labor market weakness helped mortgage rates end the week lower. The most significant economic data this week was Friday's monthly...[read more...]
Categories: market recap
Tags: Mortgage Rates, Fairway, Mortgage, Refinance, HUD, FED, Employment Report, Realtor, Denver, Colorado, Littleton, Arvada, Arapahoe, Jefferson County,
Week Ending August 26, 2011
Posted by: Fairway Independent Mortgage
2011-08-30 13:24:24
It was another volatile week for mortgage rates. The primary factors influencing rates roughly offset each other, though, and mortgage rates ended the week just a little higher. A wide range of economic news caused investors to either add or reduce risk at a rapid pace this week. News which gene...[read more...]
Categories: market recap
Tags: Market Recap, Mortgage Rate, Mortgage, Refinance,
Adjustable Rate Mortgages
Posted by: Fairway Independent Mortgage
2011-08-25 14:55:04
Adjustable Rate Mortgages ARMs allow you to fix the interest rate for the length of time that you plan to hold the loan without paying extra for interest rate protection you don't need. Advantages They typically have a lower interest rate. Since the lender is assuming less risk on the po...[read more...]
Categories: general
Tags: Adjustable Rate Mortgage, Mortgage, Refinance, Danver, Littleton, Colorado,
Global Economic Growth Worries and Debt Troubles in Europe
Posted by: Fairway Independent Mortgage
2011-08-22 09:55:52
Market Recap - Week Ending August 19 2011. Concerns about the pace of global economic growth continued to drive financial markets, causing investors to shift to less risky assets. This trend was favorable for mortgage rates, which ended the week lower. Debt troubles in Europe, worries about the...[read more...]
Categories: market recap
Tags: Fairway, Mortgage, Refinance, Interest Rates, Home Sales, Mortgage Lender, Mortgage Rates,
Points vs No Points
Posted by: Fairway Independent Mortgage
2011-08-18 09:42:34
POINTS vs. NO POINTS Buyers often want to know whether or not they should pay points on a loan. The truth is each borrower needs to consider their own unique needs to answer this question. Each point is equal to one percent of the loan amount. For example, on a $100,000 loan, two points would e...[read more...]
Categories: general
Tags: Mortgage, Refinance, Colorado, Fairway Independent Mortgage,
Week Ending August 12, 2011
Posted by: Fairway Independent Mortgage
2011-08-16 09:10:59
In one of the most volatile weeks ever seen, important economic news came out every day and produced major reactions in financial markets. Investor uncertainty is extremely high, amplifying the price movements. As stock prices fluctuated wildly, so did mortgage rates, which reached new lows for the ...[read more...]
Categories: market recap
Tags: Fairway Mortgage, Refinance, Interest Rates
Dont Overreact to the Hype!
Posted by: Fairway Independent Mortgage
2011-08-08 09:09:14
A message from our Branch Manager - Dave Gallegos Yes, we had an unprecedented event in the history of our country Friday evening with the S&P downgrade. And you can bet the media will hype it for all it is worth. Please remember today: Media is not the news, and it is not the facts!...[read more...]
Categories: recent news
Tags: Credit Downgrade, media, mortgage, refinance, rate, interest rate, S&P 500.
Rate Shopping
Posted by: Fairway Independent Mortgage
2011-08-02 10:30:50
Most people feel that rate shopping is a breeze with easy access to hundreds of Internet-based mortgage companies. However, many advertisers make their rates look appealing but don’t give you the whole picture. The most common deception is to quote a rate with a very brief lock-in period. Th...[read more...]
Categories: rates
Tags: Mortgage Rates, Mortgage, Home Purchase, Refinance,
