Experts Predict Buyers Will Need a Denver Mortgage Broker’s Services

Housing experts predict that interested home buyers will need the services of a mortgage broker in Denver and in other areas in the country in the following year. Forecasting real estate trends for 2014, these industry professionals say that residential property seekers will build new nests in more economical hubs in the US' Northwest, Southeast, South Atlantic, South Central, and Rock Mountain regions, including Denver.

In an article by Erin Carlyle of Forbes, experts weighed in their two-cents by saying:

Rising prices, a reversal of underwater mortgages, and easier credit will free Americans up to move. But next time they'll choose smaller homes in more affordable locations. Redfin is predicting that new lending regulations—which make it harder to borrow more—will send Americans to less expensive hubs like Portland, Denver, Austin, Richmond, Dallas, Houston, San Antonio, Atlanta, and Raleigh.

http://www.thehomeloanarranger.com/experts-predict-buyers-will-need-denver-mortgage-brokers-services/

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FHFA Index Shows Decrease in Interest Rates for Home Loans in Denver

The Federal Housing Finance Agency's index showed a decrease in average contract interest rates for home loans in Denver and other areas all over the country for November. Compared to the national data for October, the November rate marked a 0.10% decrease on the composite of all mortgage loans.

As posted in an official news release by the agency on their website:

According to the Federal Housing Finance Agency (FHFA), the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was 4.21 percent for loans closed in late November. The index is calculated using FHFA’s Monthly Interest Rate Survey. The contract rate on the composite of all mortgage loans was 4.22 percent, down 10 basis points from 4.32 in October.

There are several factors that affect interest rates, including demand from consumers, the Federal Reserve policy, and inflation.

http://www.thehomeloanarranger.com/fhfa-index-shows-decrease-interest-rates-home-loans-denver/

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Why Denver is a Good Place to Settle Down

If you're looking to move to another city and purchase a house to settle down, Denver may be a good choice. In 2013, Denver was named as one of the most livable cities in the United States and grabbed the ninth spot by virtue of the city’s best offerings in terms of salary, lifestyle, and of course, housing. There's also more to look forward to in Denver than the good quality of life, such as the city’s celebrated sports teams, the Red Rocks, and the Rocky Mountain National Park, among many.

The weather is another factor that might entice you to move to Denver. This sunny city is the ideal place for those who love to stay outdoors or play sports in moderate temperatures. Denver also offers potential visitors the chance to live and work in a metropolis with amazing natural views. In fact, Denver’s city structure allows you to walk from your office down to the nearby bar and back to your home without using any mode of transportation.

With its colorful culture and surprisingly amazing weather, you’ve got plenty of reasons to love Denver. Settling down and buying a home in the Mile High City will no doubt give you plenty of time not only to enjoy its various charms.

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