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Englewood, CO

Mortgage Rate Indicators for Denver

01-04-10
Ruth Vogt
Ruth  Vogt: Mortgage Company in Littleton, CO

Mortgage Rate Indicators for Denver

We all know the law of gravity: what goes up must come down.

But here's the law of interest rates: what goes down will most likely go back up!

If you or your clients are trying to decide when is the right time to lock your interest rates, I suggest you keep a close eye on the mortgage rate indicators. And you don't have to be under contract to lock a rate. Call today for details!


Market Comment - Week of January 4th, 2010

Mortgage bond prices fell last week pushing mortgage interest rates higher. The bond market was choppy most of the week as thin trading conditions magnified movements. We started the week with rates heading higher Monday. Fortunately there was a bit of a rally Tuesday and Wednesday as the Treasury auctions were decent. Those gains were short-lived as the weekly jobless claims figure wasn't as bad as expected. The bond market closed early Thursday and was closed the entire day Friday. For the week interest rates rose by about 1/4 of a discount point.

ISM Index data will set the tone for trading this week. The employment report will be the most important release but it doesn't arrive until Friday. This will be the first full week of trading this year. It will be interesting to see how traders react to the recent spike in rates following the various shortened trading sessions.


Economic Factors
Economic Indicator
Release Date Time
Consensus Estimate
Analysis
Construction Spending
Monday, Jan. 4, 2010
Down 0.5%
Low importance. An indication of economic strength. Weakness may lead to lower rates.
ISM Index
Monday, Jan. 4, 2010
54.0
Important. A measure of manufacturer sentiment. Weakness may lead to lower mortgage rates.
Factory Orders
Tuesday, Jan. 5, 2010
Up 0.5%
Important. A measure of manufacturing sector strength. Weakness may lead to lower rates.
ADP Employment
Wednesday, Jan. 6, 2010
-75k
Important. A measure of employment. A larger than expected decrease in jobs may bring lower rates.
Employment
Friday, Jan. 8, 2010
Unemp. @ 10%, Payrolls unchanged
Very important. An increase in unemployment or a large decrease in payrolls may bring lower rates.

The Year Ahead

This year begins in a similar fashion to last year. Last year at this time 30 year fixed rate mortgage interest rates were historically low. Most pundits predicted little or no opportunities for additional refinancing. Mortgage interest rates did spike higher from time to time throughout the year but overall the Fed did an excellent job of keeping rates in check. Unfortunately now the Fed's $1.25 trillion mortgage backed securities (MBS) purchasing program is nearing the end and the future remains uncertain. The good news is that 30 year fixed rate mortgages remain low but once again future predictions are all over the board.

What will occur in the future, economic recovery or additional weakness will continue to be debated. There is no certainty in predictions. Data can be used to support both sides of the debate. What we can be certain of is the fact that until the economy gains some stability, mortgage interest rates are likely to be volatile. Historically, mortgage interest rates seem to improve slowly. In contrast, when rates increase, it is often fast and furious. One negative day often erases a week of positive improvements.

It is possible for mortgage interest rates to push lower considering the Fed still has a few hundred billion dollars of MBS purchasing left. However, we are in unprecedented times. The Fed has clearly signaled they want rates to remain low but also want to exit the market. The Fed isn't the only player in the mortgage bond market and there are many others buying and selling the securities. Remember that the Fed does not directly dictate that mortgage interest rates will be at a certain percentage. Rates are determined by the supply and demand for mortgage-backed securities.

The Fed kept rates in check for 2009. The big unknown is how they will exit the market without causing major disturbances this year. While there have been signs of improvement in the housing sector, the last thing we need is higher rates. Without the Fed buying mortgage bonds rates may very well head considerably higher. Now is a great time to take advantage of favorable rates.


WR Starkey Mortgage - A different kind of company...where people come first!

Ruth Vogt
Business Development Manager (LMB100023827)
6025 South Quebec, Suite 110
Englewood, CO 80111
Work: 720-489-0712
Fax: 720-489-0273
Other: http://www.dora.state.co.us/real-estate/index.htm
rvogt@wrstarkey.com
www.MyLenderOfChoice.com


Mortgage Rate Indicators for Denver

12-29-09
Ruth Vogt
Ruth  Vogt: Mortgage Company in Littleton, CO

Mortgage Rate Indicators for Denver

Below you will see the upcoming weekly events that might be mortgage rate indicators affecting the interest charged for financing the purchase of a residential property. Basically, there are five factors in general that we watch:

  1. Stocks
  2. News
  3. Technical Signs
  4. Inflation
  5. Treasuries

 


Market Comment - Week of December 28th, 2009

Mortgage bond prices fell last week pushing mortgage interest rates higher. The bond market took a beating as stocks surged despite mixed data. Existing home sales in November rose a surprising 7.4%. However, revised gross domestic product figures showed the economy only grew 2.2%, which was weaker than the expected 2.8% mark. Personal income and outlays data came in weaker than expected helping a bit. Unfortunately, the thin trading conditions magnified the earlier losses and made it difficult to recover. For the week interest rates rose by about 1 3/8 discount points.

The Treasury auctions will take center stage next week. If foreign demand falters we will likely see mortgage interest rates head higher. The bond market will close early Thursday in advance of the New Year's Holiday Friday. The shortened trading week may result in some market volatility coupled with thin trading conditions likely.


Economic Factors
Economic Indicator
Release Date Time
Consensus Estimate
Analysis
2-year Treasury Note Auction
Monday, Dec. 28, 2009
None
Important. $44 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
Consumer Confidence
Tuesday, Dec. 29, 2009
49.5
Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.
5-year Treasury Note Auction
Tuesday, Dec. 29, 2009
None
Important. $46 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
7-year Treasury Note Auction
Wednesday, Dec. 30, 2009
None
Important. $32 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
Weekly Jobless Claims
Thursday, Dec. 31, 2009
470K
Moderately Important. An indication of employment. Higher than expected claims may help rates improve.
New Years Day
Friday, Jan. 1, 2010
None
Important. Thin trading conditions and a shortened trading week could result in significant market volatility.

Consumer Confidence Index

The Conference Board releases the Consumer Confidence Index on the last Tuesday of every month. The report details the levels of confidence individual households have in the performance of the economy. The data is derived from a survey of 5,000 households nationwide. The survey polls consumer opinions on current business conditions, their jobs, their incomes, and their future spending plans.

The consumer confidence index is significant in that it provides a precursor into consumers' willingness to spend in the months ahead. However, many analysts point out that willingness to spend does not always convert to actual expenditures.

Despite economic uncertainty, liquidity issues, and housing market weakness, American consumers continue to spend. However, many analysts question whether consumers can continue to buoy the economy, especially amid rising unemployment and continued tight credit.

This week's release will be eagerly anticipated. Look for any variation from estimates to cause mortgage interest rate volatility. Signs of eroding consumer confidence could lead to improvements in mortgage interest rates. However, stronger than expected figures could spike rates higher.

With mortgage interest rates relatively low, capitalizing on current levels is recommended to protect against future volatility. Remember, mortgage interest rates tend to trend lower slowly, while increases tend to occur quickly. A cautious approach is necessary to protect from future market volatility.


WR Starkey Mortgage - A different kind of company...where people come first!

Ruth Vogt
Business Development Manager (LMB100023827)
6025 South Quebec, Suite 110
Englewood, CO 80111 
Work: 720-489-0712
Fax: 720-489-0273
Other: http://www.dora.state.co.us/real-estate/index.htm 
rvogt@wrstarkey.com 
www.MyLenderOfChoice.com 


Englewood CO Real Estate Market Report

Rita Burke ~ Denver Luxury Homes ~ KennaRealEstate.com: Real Estate Brokerage in Highlands Ranch, CO

Englewood CO Real Estate ~ Market Report

Seven houses sold in Englewood CO Real Estate in September. Home sales have been slower this year compared to 2008. 104 homes sold last year (by end of Sept.). This year that number is 55. The houses that have sold are on average selling close to asking price, which is great news as many other areas in Denver are seeing bigger declines from the original listing price to the sold price.
This market report is for Englewood located on the East side of I-25. See map below.


July Aug Sept
Closed Sales 7
9 7
Average Sales Price $465,633 $463,544 $533,529
% of Original List Price 92.9% 95.1% 96.4
Average Days on Market 135 75 76
Average Price/square foot $165 $171 $203
New Listings 5
# of homes for sale 38

Days on Market = total days on market.

Englewood Real Estate comparison 2009 vs. 2008
From Jan 1st to Sept 3oth (year-to-date)

Yearly Comparison 2009
2008
Closed Sales 55 104
Average Sold Price $437,456 $517,242
Lowest Sold Price $250,100 $240,000
Highest Sold Price $900,000 $1,192,500
Average % of Original List Price 93.3% 94.6%
Lowest % of Original List Price 74.2% 63.0%
Highest % of Original List Price 100.5% 101.8%
Average Days on Market 80 78
Lowest Days on Market 1 1
Highest Days on Market 370 337
Average Price per Sq Foot $173/sf $186/sf
Lowest Price per Sq Foot $111/sf $109/sf
Highest Price per Sq Ft $290/sf $275/sf

As of Oct. 3rd, 2009 there are 39 residential houses for sale in Englewood real estate market. The prices range from $294,900 to $1,050,000. The price per square foot ranges from $134 to $257. Eight houses are under contract pending sale.

Search Homes for sale in Englewood

See here for Detailed Market Report for Englewood CO

Englewood CO real estate graph sold homes
Englewood CO approximate location on East side of I-25

This Englewood Real Estate Market Report is brought to you by Rita Burke, Kenna Real Estate. The report is for residential single family homes only and may not include all sales activity in the area. Figures for sold prices used are NET sold price, price after seller concessions or down payment assistance, if they were any. This report or any part of it may not be used without permission.


Disclaimer

Copyright 2009.© Kenna Real Estate. Rita Burke. All Rights Reserved. Oct 4th 2009. " Englewood CO Real Estate - Market Report".

JUST SOLD! Home in Orchard Gate Englewood CO

Rita Burke ~ Denver Luxury Homes ~ KennaRealEstate.com: Real Estate Brokerage in Highlands Ranch, CO

JUST SOLD! Home in Orchard Gate in Englewood CO
10398 E Aberdeen Ave, Englewood, CO

96% of Asking Price
37 Days on Market

(Area averages are 92% of asking price and 81 Days on the Market*)

JUST SOLD Home in Orchard Gate Englewood CO



GREENWOOD VILLAGE | CHERRY HILLS VILLAGE | HIGHLANDS RANCH | LONE TREE | CASTLE ROCK

*Comparables used are of similar homes in the area, no comparables older than six months were used.

Disclaimer: Kenna Real Estate and Kenna Real Estate blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Copyright 2009.© Kenna Real Estate Rita Burke. All Rights Reserved. Aug. 16th 2009. "JUST SOLD - Home in Orchard Gate in Englewood CO"

Homes for sale in Englewood CO - Jun 09

Rita Burke ~ Denver Luxury Homes ~ KennaRealEstate.com: Real Estate Brokerage in Highlands Ranch, CO

Homes for Sale in Englewood - Jun 09

Residential Detached Homes, Englewood, Arapahoe County, Colorado

As of Jun 30th, 2009

JUN 09
Active Listings 155
New Listings (in June) 44
All Pending sales 81
New Pending (in June) 49
Lowest Listed Price $113,000
Highest Listed Price $2,950,000
Lowest Price/square foot $73/sf
Highest Price/square foot $540/sf



Search Homes for sale in Englewood
Foreclosures in Englewood


If you would like more information or have any questions you can contact us via e-mail or call Brian Direct 303.710.2609

*Disclaimer: Data based on information from Metrolist, Inc. for period of 3/1/2009 through 6/30/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area.

Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.


Copyright 2009.© Kenna Real Estate. Rita Burke. Englewood Real Estate. Brian Burke, Realtor® and Rita Burke, Realtor® - Englewood, CO. All Rights Reserved. Jul 1st 2009. "Englewood Homes for sale - June stats"