Mortgage Market Update 2012/2013 – With Giuseppe Battaglioli of Fairway Mortgage

Watch on your mobile device >>

A lot has changed in just the past 12 months and we see that across the board with improved sales figures, stronger consumer confidence, rising prices in our marketplace and continued ripe environment for economic growth. In fact, in Denver there has been about a ten percent rise in home values over just the past year and it’s projected to continue increasing in 2013 and beyond.

Fairway Mortgage is our preferred lender and one of the reasons they are a fantastic choice is because they are a broker lender – allowing added flexibility that one does not experience when working with large firm lenders or small banks.

Here is a snapshot of what is happening in the mortgage environment today:

Low Interest Rates Around For a While Longer
The Fed recently announced that interest rates would not be hiked up in the coming months. Rather than placing an unrealistic cap on interest rates, they have decided to keep the rate low or possibly lower than they already are until inflation climbs pat 2.5% or the national unemployment rate falls to below 6.5%. This means that we can expect see low or lower interest rates until at least the next few years.

Buying Power Still Strong
With the low prices that we are seeing in our marketplace, coupled with low interest rates – buyers have a lot of buying power. But that could change. If prices in our local Denver area continue to rise at the rate they have during the past year, we may see rates rise to about the 4% level. Though still very low by historic standards, that 1% could have an impact on buyers where they would need to adjust their purchase price by 10% to accommodate the change. For this reason, now is a great time to buy a home.

Drastic Changes Possible for FHA Financing
Though unconfirmed, there is talk that the Federal Housing Administration may change their financing program to require Private Mortgage Insurance for the life of the loan. Right now, borrowers are only required to pay the mortgage insurance premium until there is 22% equity on the property. This could potentially change a lot for the mortgage industry since this financing is among the most popular choice for most borrowers with almost half of mortgages financed via FHA. If it were to happen, we would expect conventional loans to appear more attractive for most buyers. 
Right now, we are experiencing Low Inventory, Low Interest Rates and Low Prices; the “Three L’s” that make this an ideal marketplace conducive to plenty of real estate activity. Contact us today if you would like to get in on the action. We look forward to making your real estate dreams become a reality!


  1. شركة نقل عفش
    اهم شركات مكافحة حشرات بالخبر كذلك معرض اهم شركة مكافحة حشرات بالدمام والخبر والجبيل والخبر والاحساء والقطيف كذلك شركة رش حشرات بالدمام ومكافحة الحشرات بالخبر
    شركة مكافحة حشرات بالدمام
    شركة تنظيف خزانات بجدة الجوهرة من افضل شركات تنظيف الخزانات بجدة حيث ان تنظيف خزانات بجدة يحتاج الى مهارة فى كيفية غسيل وتنظيف الخزانات الكبيرة والصغيرة بجدة على ايدى متخصصين فى تنظيف الخزانات بجدة
    شركة تنظيف خزانات بجدة
    شركة كشف تسربات المياه بالدمام
    شركة نقل عفش واثاث


  2. شركة نقل عفش بالرياض وجدة والدمام والخبر والجبيل اولقطيف والاحساء والرياض وجدة ومكة المدينة المنورة والخرج والطائف وخميس مشيط وبجدة افضل شركة نقل عفش بجدة نعرضها مجموعة الفا لنقل العفش بمكة والخرج والقصيم والطائف وتبوك وخميس مشيط ونجران وجيزان وبريدة والمدينة المنورة وينبع افضل شركات نقل الاثاث بالجبيل والطائف وخميس مشيط وبريدة وعنيزو وابها ونجران المدينة وينبع تبوك والقصيم الخرج حفر الباطن والظهران
    شركة نقل عفش بجدة
    شركة نقل عفش بالمدينة المنورة
    شركة نقل اثاث بالرياض
    شركة نقل عفش بالدمام


As Seen On...

As Seen On...