Lock Your Loan: Rates Hit Record Lows

By Joceyln Predovich 11/25/08

Last week, you may remember me emailing you that rates will plummet.

 

The Fed announced this morning that they have decided to begin buying mortgage bonds, which has dramatically improved rates.  Just to give you an idea on rates today:

 

RATES RIGHT NOW WITH NO ORIGINATIN FEE

FHA – 5.5 %

VA – 5.375%

CONVENTIONAL 30 YR – 5.125%

CONVENTONAL 15 YR – 4.625%  (YES THAT IS a 4!)

Jumbo 5/1 ARM: 5%

 

DO YOU HAVE CLIENTS ON THE FENCE?!

·       Email this out to your database, past clients, sphere, current clients. Don’t miss this opportunity   

·       We can Lock without a property – may want to put them on a 60 day lock and then go find the house.

·       We can relock – if rates continue to drop

 

About Us

·       We are a mortgage bank and will fund the loan with our money

·       We have in-house underwriters and processors here in Denver

·       LOAN PROGRAMS: Conventional, FHA, FHA Rehab Loans,  VA, CHFA, HOAP, etc

 

Call me with questions!

Jocelyn Predovich– 303-325-3578

Licensed Mortgage Consultant

Jocelyn@limetreelending.com

Denver Holiday Events

 

Celebrate the Holidays in Denver

 Holiday’s Evening at the Littleton Historical Museum– This wonderful evening is full of carolers, story tellers and music reminiscent of times gone by, as well as delectable treats and nostalgia to warm you.  This event is Sunday December 14th from 5:30 to 8 p.m. For More Information please call 303-795-3950

 

9 News Parade of Lights–  For over 30 years, this Holiday Parade has dazzled spectators and warmed hearts. Join thousands of Colorado residents for this great parade Dec. 5th and 6th. The event starts at the Civic Center Park.  Visit  www.denverparadeoflights.com.

 

Nutcracker-    Join Clara in her adventure with the Nutcracker Prince in the Land of Snow and Kingdom of The Sweets. The Nutcracker runs Nov. 29th– Dec. 27th. Ellie Caulkens Opera House, Denver.

 

A Christmas Carol– By Charles Dickens at the Performing Arts Center. This show is featured Nov. 28th -Dec. 27th at the Buell Theatre. Call 303-893-4100

 

Breakfast with Santa  Hosted by  the Wildlife Experience– Enjoy breakfast with Santa. Children will enjoy, face painting, cookie decorating and lots of goodies. Dec. 6th, 13th, 20th and 24th from 9-11 a.m. call the Wildlife Experience in Parker for more information and prices 720-488-3344.

 

Blossoms of Light at the Denver Botanical Gardens– Enjoy exquisite holiday lights which highlight the natural beauty of the gardens. This event runs Dec. 2nd– Jan. 21st. Visit www.botanicgardens.org

 

Wild lights! Denver Zoo-  If your looking for an animal winter wonderland, the Zoo’s the place for you. Wild lights runs Dec. 12th– Jan. 4th 5-9 p.m. nightly . For More Information visit www.denverzoo.org.

 

Denver’s Grand Illumination–Enjoy the grand lighting at several Denver locations. From Union Square to Larimer Square, Skyline Park to Denver Pavilions, culminating at the City and County Building between 6-7 p.m on Nov. 28th.

 

Snack With Santa– Dress up with your holiday best and join Santa Claus and his reindeer (meet a real live reindeer) at the Denver Children’s Museum, Sat. Dec. 6th from 10-1 pm. Visit www.cmdenver.org for more information.

 

 

More Holiday Events

Santa Claus Train– Dec. 13th and 14th, Colorado Railroad Museum, Golden. www.crrm.org

Candy Cane Festival– Dec. 13th Hammonds Candies Factory, 5735 N. Washington St., Denver

Evergreen Holiday Walk– Dec. 5th, 6-9 p.m., Evergreen Lake and Downtown Main Street, Evergreen

Georgetown Christmas Market– Dec. 6th, 7th, 13th, 14th from 10-5 daily on 6th St. in Georgetown

New Years Eve Fireworks– Dec 31st at 9 p.m. and Midnight, 16th Street Mall, Denver

 

 

Making the Right Move in the Current Market

Is Now A Good Time To Buy A Home?

With the financial markets flailing you may be feeling more than hesitant to purchase or sell a home. The people who are successful investors are those who make decisions on long term goals and who act when others are fearful. Warren Buffet recently stated “You should be greedy when others are fearful and you should be fearful when others are greedy.” If you react out of fear you may not be making the right moves. June Hether in a recent Wall Street Journal article summed it up this way. If individuals have access to credit and cash reserves and are not already over exposed in real estate and have a steady income they should buy now.  

 Timing the Market

Some of the key indicators to watch in real estate are home prices, interest rates, the current months supply of active homes and availability and access to loans. Our home prices in the Denver Metro area have on average remained stagnant for approximately a year. Interest rates remain low, loans are still readily available to those with a small down payment and good credit. Our current months supply of active homes has been decreasing to a point where we are nearing a seller’s market. All of these points indicate that this is a prime time to buy. The graph above illustrates the daunting task of timing the market. Unfortunately, most buyers realize the market has shifted only after it is done. Most buyers and sellers make real estate decisions based on more personal and life events. Job changes occur, families get larger, individuals retire or couples divorce. If buyers are in the position to make moves not tied as closely to these general life events, they are better able to time the market and get the best deal. I and my realtor counterparts feel that we are already in a shifting market and our next few years are going to continue to take us into a sellers market and a more stable real estate environment overall.

Visit www.coloradosells.com and click on SURF MY BLOG for more info or to search all Denver Area Properties and Lender Owned properties.