Category Archives: Real Estate Tips for the Wise

Interest Rates – What’s the Low Down?

By Kristal Kraft Denver Realtor | Published: February 3, 2010

Funny how when things are good people, tend to forget that things are good, and good things don’t necessarily last forever.  I’m referring to interest rates.
The other day, a client made mention of a “high interest rate” being 6%.  It struck me funny,although I didn’t laugh.  To me a 6% interest rate is actually pretty [...]

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FHA is Changing Rules and the Scope of Qualifying for Buyers

By Kristal Kraft Denver Realtor | Published: January 30, 2010

Recent announcements by FHA will have impacts on our spring time (and beyond) buyers.  The rules mean more money down and higher payments, here’s the scoop:

Beginning April 1, 2010 the Upfront MIP is increasing from 1.75 to 2.25.  (MIP is the Mortgage Insurance Premium that all buyers using an FHA loan get to pay, up [...]

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Home Values Rose In November 2009 By Another 0.7 Percent

By Real Estate News | Published: January 29, 2010

Reporting on a two-month lag, the government said home values rose 0.7 percent in November. National home prices are at their highest point since February 2009. But before we look too much into the FHFA’s Home Price Index, it’s important that we’re cognizant of its shortcomings; the most important of which is its lack of real-time reporting.

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A Simple Explanation Of The Federal Reserve Statement (January 27, 2010 Edition)

By Real Estate News | Published: January 27, 2010

The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy “has continued to strengthen”, that the jobs markets is getting better, and that financial markets are supportive of growth.

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Evaluation of the Short Sale Offer, Do We Accept or Reject?

By Kristal Kraft Denver Realtor | Published: January 8, 2010

It is a happy day when you get the telephone call from your broker saying the buyers that have come to visit one or two or more times have finally put an offer on paper.
Before the High Five rejoicing begins you and your broker need to critique the offer.  This is what we as listing [...]

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