Mortgage rates decreased .19% over the course of the week and are now .81% lower than they were at the beginning of the year.
Thanks to historically low rates, purchase mortgage activity continues to ramp up in an inventory-starved housing market. All signs point to mortgage demand remaining stronger than the previous year. Per the Freddie Mac Primary Mortgage Market Survey, “… mortgage applications increased 10 percent last week from one year ago and show no signs of slowing down. Given these strong indicators in rates and sales, as well as recent increases in new construction, it’s
Five Things You Probably Don’t Know About VA Loans
VA loans are the most misunderstood mortgage program in Colorado. Industry professionals and consumers often receive incorrect data when they inquire about them. In fact, misconceptions about the government guaranteed home loan program are so prevalent that a recent VA survey found that approximately half of all Denver Area military veterans do not understand it.
With this in mind, Kenna Real Estate would like to debunk the most common myths about Colorado VA Loans.
Myth #1: The VA loan benefit has a “one time” use.
Fact: Veterans and active duty military can use the VA loan many times. There is a limit to the borrower’s entitlement. The entitlement is the amount of loan the VA…
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Listing information last updated on July 13th, 2020 at 11:33am MDT.