5% 30 Year Mortgages

5% 30 Year Mortgages

According to Lou Barnes, a local mortgage broker who is frequently quo9-5-13 mortgage graphted in the national press, when the 10 year treasury yield hits about 3.33%, we’ll be back to 5% 30 year mortgages.

Right now, the 10 year treasury is around 2.775%, up about 1.1% in just a few months.  However, it has stabilized.

The big question those in the investing world are asking is whether the yield will continue up, or go back down.

If you watch my video, you’ll see that I believe the yield will go back down.

But, as Lou points out, the correlation between the 10 year yield and 30 year mortgages is very clear.

Click for the full article.

Housing Prices Increase 4.7% Year Over Year

Housing Prices Increase 4.7% Year Over Year

In October, 276 (75%) of the 366 markets showed monthly home value appreciation, and 228 (62%) of the 366 markets saw annual home value appreciation.

 Among the top 30 metros, 29 experienced monthly home value appreciation and 26 saw annual increases.

 This is a great sign, and fills me with optimism going forward. This is a good leading indicator for a sustained recovery.

Click here for full Article

Boulder, CO  Housing

Boulder, CO Housing

Nice article on the national scene about our local Boulder housing situation.

Lou Barnes from Boulder West believes prices have bottomed out, even if “a recovery is something else”.

Good, interesting article. Be sure to click on it.

 Boulder Colorado Housing