Middle class in Boulder

Townhouses – Best Chance for Middle Class Families in Boulder

Boulder middle-income households are turning to townhomes, duplexes and triplexes for their housing needs. Middle class in Boulder are usually earning between 80 to 150 percent of area median income or up to $134,000 for a family of three. In other areas, heads of these middle-income families have good paying jobs that provide a comfortable middle-class lifestyle to their members. …

buy a home

How to Buy a Home When You Have Student Loan to Pay

Should you buy a home while still paying for student loan? If you’re currently working or was out of college for a long while, you might be thinking about buying your own home. However, the dilemma of still having a student loan to pay might hold you back. Are you going to finish paying the existing debt first? Is it …

anonymous buyers

No More Anonymous Real Estate Investors in the Future

There is a new rule ready to be implemented and all anonymous real estate investors must be alarmed. It appears that the new rule requires all the real estate investors to be identified. In a previous investigation, they found out that there is growing number of high-end real estate properties with anonymous buyers. The Treasury Department was alarmed by this …

Low Mortgage Rates

Interest Rates Lowest Since November 2013

Mortgage applications rose 3.6% last week, spurned on by the lowest interest rates in the past six months.  According to the Mortgage Bankers’ Association,  these applications reflect both refinance and purchase applications. Purchase applications are considered the leading gauge for home sales.  They were 1% higher than the previous week, but 12% lower than year-over-year applications. Interest rates for 30 …

Mortgage Rates and Home Sales

2014 Mortgage Rate Swings May Impact Home Buying

In 2013, increased mortgage rates resulted in decreased home sales, as shown in the graph left.  This trend could continue in 2014, especially if there is a significant increase in mortgage rates. Although mortgage rates are still at historic lows, Freddie Mac recently posted 30-year fixed rates around 4.48%, the highest rate since September 2013. This is interesting, given that …

FHFA

2014 Mortgage Fees Postponed

 The US Federal Housing and Finance Agency, which oversees mortgage giants Freddie Mac and Fannie Mae, has postponed new mortgage fees that were scheduled to take effect in 2014. The fees are meant to safeguard banks against defaulting borrowers. Incoming FHFA chief  Mel Watt wants more analysis done, to see how the substantial fees and resulting increase in mortgage prices …