tag:blogger.com,1999:blog-152129602011-04-21T15:48:45.040-07:00Home loan info and advice including first time home buyers, home purchases, refinances, debt consolidation loans and home equity lines of credit.Ted Thrutchleynoreply@blogger.comBlogger341100tag:blogger.com,1999:blog-15212960.post-1133852444841521252005-12-05T22:51:00.000-08:002005-12-05T23:00:57.083-08:00

From the Office of Federal Housing Enterprise Oversight 3rd Quarter House Price Index Report, released 12/01/2005-"Average U.S. home prices increased 12.02 percent year over yearfrom the third quarter of 2004 through the third quarter of 2005."

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1133851885223080042005-12-05T22:43:00.000-08:002005-12-05T22:51:26.946-08:00

This from the Colorado Springs Gazette (www.gazette.com)-mortgage foreclosures filed for El Paso County, Colorado for November were down 3.1% from last year. Year-to-date filings were down 0.8% from the same period last year.

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1133676559240588532005-12-03T22:07:00.000-08:002005-12-03T22:14:26.516-08:00

According to Freddie Mac (www.freddiemac.com),30 Year Fixed Rate Mortgages dropped by .02% in theirweekly survey for the week ending December 1, 2005,from 6.28% to 6.26%. Last year at this time, the30-year FRM averaged 5.81 percent.

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1133571173195574762005-12-02T16:52:00.000-08:002005-12-02T16:52:55.696-08:00

New home sales for October were up 13%. Why are new home sales dramatically up while existing home sales are slightly down? New homes generally take 4 to 6 month to build. So, most of those new homes had purhase contracts on them from April through June. During that time period, interest rates were about 1% better than now and builders were running their promotions for the big summer sales

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1133381417964550792005-11-30T11:53:00.000-08:002005-12-01T08:04:35.053-08:00

Sales of previously owned U.S. homes fell 2.7% last month to a 7.09 million annual rate, the slowest since March, with the number of unsold homes the highest since April 1986. According to the National Association of Realtors there is now almost a 5 month supply of exisiting homes for sale, while housing affordibilty is at a 14 year low.So, fewer people make enough money to afford the average

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1133380294114642172005-11-30T11:49:00.000-08:002005-11-30T11:51:42.313-08:00

This from www.mbaa.org-"The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 25. The Market Composite Index — a measure of mortgage loan application volume – was 624.1 a decrease of 1.8 percent on a seasonally adjusted basis from 635.4, one week earlier. On an unadjusted basis, the Index decreased 33.2 percent compared with the

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1133036124705804652005-11-27T21:10:00.000-08:002005-11-27T20:13:17.566-08:00

From this article "Home sales shifting into buyer's market" on USAToday.com -"A transition from a seller's to a buyer's market is underway, and agents say they are spending more time trying to get clients to understand the market has changed. They note homes are sitting on the market longer and price gains are slowing as higher interest rates make buyers balk..."

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1132432462328289502005-11-26T12:29:00.000-08:002005-11-26T12:09:20.806-08:00

These tips sre courtesy of Freddie MacTips For Avoiding Borrowing PitfallsSource: Freddie MacSay NO to "easy money." Borrowers should beware if someone claims "credit problems won't affect the interest rate." Avoid solicitations for loans that sound too good to be true. If it sounds too good to be true, it probably is. If a solicitation is really interesting, get it in writing! 1. Shop around.

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1132987545603517072005-11-25T22:42:00.000-08:002005-11-25T22:45:45.880-08:00

Freddie Mac Wednesday released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 6.28 percent, for the week ending November 24, 2005, down from last week’s average of 6.37 percent.Last year at this time, the 30-year FRM averaged 5.72 percent.This was the first fall for the 30 year fixed-rate mortgage in 13 weeks.Check out the report at

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1132432107044019942005-11-19T12:27:00.000-08:002005-11-19T12:29:13.250-08:00

In the Primary Mortgage Market Survey for the week ending November 10, 2005, released this week by Freddie Mac, the 30-year fixed-rate mortgage rate averaged 6.37 percent, up from last week’s average of 6.36 percent. Last year at this time, the 30-year Fixed Rate Mortgage averaged 5.74 percent. See the whole report at www.freddiemac.com.

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1132431804870160882005-11-19T12:19:00.000-08:002005-11-19T12:23:25.500-08:00

Single-family housing starts fell 3.7% in October, according to the U.S. Census Bureau. October starts were 2.3% above the level recorded a year earlier. Meanwhile, homebuilders registered a sharp decline in future sales expectations in a National Association of Home Builders/Wells Fargo survey. National Association of Home Builders (NAHB) chief economist David Seiders said the sharp decline in

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1132170832841026452005-11-16T11:48:00.000-08:002005-11-16T11:53:53.110-08:00

According to the Mortgage Bankers Association, mortgage applications dropped for the week endinf 11/11/2005. Their Market Composite Index — a measure of mortgage loan application volume – on an unadjusted basis, decreased 12.1 percent compared with the previous week and was down 13.7 percent compared with the same week one year earlier.You can visit their website at www.mbaa.org.

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1131754835157746162005-11-11T16:15:00.000-08:002005-11-11T16:20:35.456-08:00

According to Standard and Poor's, home prices now average a record 3.5 times disposable household income, and they will have to slide down to the average level as interest rates rise. This is according to David Wyss, chief economist at Standard & Poor's. Most of the home price rise comes from the fact that people are buying bigger and bigger houses. S&P can be found on the Web at http://

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1131754339137340782005-11-11T16:08:00.000-08:002005-11-11T16:12:19.150-08:00

In the Primary Mortgage Market Survey for the week ending November 3, 2005, released this week by Freddie Mac, the 30-year fixed-rate mortgage rate averaged 6.36 percent, up from last week’s average of 6.31 percent. Last year at this time, the 30-year Fixed Rate Mortgage averaged 5.76 percent. See the whole report at www.freddiemac.com.

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1131581188659321192005-11-09T16:01:00.000-08:002005-11-09T16:06:28.673-08:00

This report from the Mortgage Bankers Association website www.mbaa.org.The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 4. The Market Composite Index — a measure of mortgage loan application volume – was 661.3, an increase of 2.3 percent on a seasonally adjusted basis from 646.7, one week earlier. On an unadjusted basis,

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1131051941383516482005-11-03T13:00:00.000-08:002005-11-03T13:05:41.616-08:00

According to the Mortgage Bankers Association, the Market Composite Index— a measure of mortgage loan application volume, for the week ending October 28 showed a decrease of 4.8% from the previous week and 15.2% compared to the same week last year.http://www.mortgagebankers.org/news/index.html

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1131045753998391792005-11-03T11:18:00.000-08:002005-11-03T11:22:34.393-08:00

Freddie Mac released the results of its Primary Mortgage Market Survey today. The 30-year fixed-rate mortgage rate averaged 6.31 percent for the week ending November 3, 2005, up from last week’s average of 6.15 percent. Last year at this time, the 30-year FRM averaged 5.70 percent. See the whole report at www.freddiemac.com.

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1131004874688861932005-11-02T23:57:00.000-08:002005-11-03T00:01:14.710-08:00

In their November 1, 2005 meeting, the Federal Reserve Board voted to raise rates 0.25% as expected.Indications are they will raise rates at their December and January meeings as well.

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1130531556952931752005-10-28T13:32:00.000-07:002005-10-29T13:38:32.936-07:00

A recent article from an analyst at SCME Mortgage Bankers stated that, as of Tuesday, Fed funds futures are pricing in 100% chance of a .25% hike at the Fed's 11/1/05 and 12/13/05 meetings, and a 76% chance of a .25% hike at Greenspan's last meeting on 1/31/06.Translation: experts are 100% certain that the Fed will raise rates 2 more times and 75% certain they will raise it a third time.We're

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1130527738964816812005-10-28T12:16:00.000-07:002005-10-28T12:28:58.976-07:00

The Mortgage Bankers Association released its Weekly MortgageApplications Survey for the week ending October 21. The Market Composite Index— a measure of mortgage loan application volume showed a decrease of 7.9 percent from the previous week. http://www.mortgagebankers.org/news/index.html

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1130451463449830882005-10-27T15:13:00.000-07:002005-10-27T15:17:43.460-07:00

Freddie Mac reported that for the week ending 10/27/2005 the 30 year fixed mortgage rates were up to 6.15% from 6.10% the week before.Visit Freddie Mac at www.freddiemac.com.

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1129865613766526852005-10-20T20:29:00.000-07:002005-10-20T20:33:33.773-07:00

Stop the Insanity!Freddie Mac reported today that for the week ending October 20,2005 the 30-year fixed-rate mortgage averaged 6.10 percent, up from last week's average of 6.03 percent.When will the madness end?Visit Freddie Mac at www.freddiemac.com.

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1129675776784591472005-10-18T13:16:00.000-07:002005-10-18T16:04:49.363-07:00

I've read several articles lately stating that about 1/3 of people hoping to buy a house in the next year are first time home buyers. And about 1/4 of those are under 30.The young first time home buyers usually put a lot of time and research into finding the right home for them.They usually put too little time, however, into finding the right home loan.If you had $200,000 to invest, surely you

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1129149595402497792005-10-15T13:03:00.000-07:002005-10-15T16:05:55.570-07:00

This report from www.nationalmortgagenews.com"MBA: Mortgage Profits Dived in '04The mortgage industry's average profit per loan declined by almost 50% in 2004, according to an annual cost study conducted by the Mortgage Bankers Association of America."What does this mean to you, the consumer? Mortgage companies are making less profit on more loans! They are cutting their fees to woo customers

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1129268822652145452005-10-13T22:37:00.000-07:002005-10-13T22:47:02.663-07:00

Mortgage rates climb again this week.Freddie Mac's latest survey of interest rates reported the following-Freddie Mac in its Primary Mortgage Market SurveySM (PMMSSM) reported the 30-year fixed-rate mortgage averaged 6.03 percent, for the week ending October 13, 2005, up from last week's average of 5.98 percent. Last year at this time, the 30-year FRM averaged 5.74 percent. This is the

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1129144467581061512005-10-12T11:53:00.000-07:002005-10-12T12:14:27.583-07:00

According to the Mortgage Bankers Association, the Market Composite Index, an overall measure of mortgage applications, fell from 713.5 to 694.8 on a seasonally adjusted basis during the week ended Oct. 7. This is a decrease of 2.6% from the previous week.

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1129067053327940872005-10-11T14:31:00.000-07:002005-10-11T14:44:13.333-07:00

In this real estate article from Inman News, (http://www.inman.com/inmannews.aspx?ID=48315)"...the national unsold housing inventory of existing homes has crept up about 13 percent from August 2004 to August 2005 – and 33 percent from January 2005 to August 2005. The estimated available supply of housing has grown 4.4 percent from August 2004 to August 2005 and 24 percent from January 2005 to

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1128621777574552532005-10-06T10:44:00.000-07:002005-10-12T12:25:02.793-07:00

Mortgage rates have now increased for 4 consecutive weeks! If you've been considering purchasing or refinancing, move quickly. If the Fed raises rates again, we may not see 30-year fixed rates below 6.00% again for awhile.Average 30-year fixed mortgage rate rose from 5.91% to 5.98% over the seven-day period ended Oct. 6, according to Freddie Mac's Primary Mortgage Market Survey. (You can find

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1128555193862583192005-10-05T16:25:00.000-07:002005-10-15T16:06:58.636-07:00

This just in from The Mortgage Bankers Association -see full article here. "The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 30. ""On an unadjusted basis, the Index decreased 1.2 percent compared with the previous week and was down 1.8 percent compared with the same week one year earlier.""The average contract interest

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1128320653850496882005-10-02T23:13:00.000-07:002005-10-02T23:24:13.856-07:00

The Mortgage Bankers Association (MBA) released its The Weekly Mortgage Applications Survey for the week ending September 23 a few days ago. The Market Composite Index — a measure of the volume of mortgage loan applications – decreased by 6.6 percent on a seasonally adjusted basis from one week earlier.On an unadjusted basis, the Index decreased 7.1 percent compared with the previous week and was

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1128118369496859942005-09-30T14:53:00.000-07:002005-09-30T15:12:49.503-07:00

Average 30-year fixed mortgage rate rose from 5.80% to 5.91% over the seven-day period ended Sept. 29, according to Freddie Mac's Primary Mortgage Market Survey. (You can find Freddie Mac online at http://www.freddiemac.com)This is the third week in a row rates have increased.

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1127848124434814702005-09-27T11:58:00.000-07:002005-09-27T12:08:44.440-07:00

According to the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new, single-family homes were up about 6.2 percent last month from August 2004. August sales were 1,237,000 units, or about 9.9% below the July rate of 1,373,000.The median sales price of new houses sold in August 2005 was $220,300.The estimate of new houses for sale at the end of August was 479,000,

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1127503965138591512005-09-23T12:21:00.000-07:002005-09-23T12:34:25.713-07:00

Average 30-year fixed mortgage rate rose from 5.74% to 5.80% over the seven-day period ended Sept. 22, according to Freddie Mac's Primary Mortgage Market Survey. (You can find Freddie Mac online at http://www.freddiemac.com) They also give us this quote -"Mortgage rates look like they are back on track where the Fed wants them, which is gradually rising," said Frank Nothaft, vice president and

Ted Thrutchleynoreply@blogger.comtag:blogger.com,1999:blog-15212960.post-1124691851190967142005-08-21T23:23:00.000-07:002005-08-21T23:39:38.490-07:00

Welcome to the Cold Water Mortgage Consulting blog!I will give you information and news on mortgages, financial markets, Colorado Springs, Southern Colorado, home buying, home maintenance and more.

Ted Thrutchleynoreply@blogger.com