Mark 30, 2023 A typical school of thought in financial planning/management is that any debt is a liability. Your car, your student loans, your credit cards, and your mortgage. Some financial gurus have encouraged people to aggressively pay down or pay off all debts, including the mortgage. Normally this is pretty sound advice, but it's also "one size fits all" advice, and as it Continue Reading
Archives for March 2023
The Market is Anything But Stable Right Now
March 29, 2023 I was recently looking at the latest DMAR (Denver Metro Association of Realtors) Market Trends report (DMAR_MarketTrendsReport_March2023_020323X) for March 2023, which would include data up through the end of February. The interesting thing about data is that its presentation to the public can be spun (or manipulated) by being presented in a certain way, for instance, Continue Reading
Just How Far Will Denver Real Estate Prices Fall?
March 27, 2023 Just How Far Will Denver Real Estate Prices Fall in 2023 and beyond? Well, this is a question that may be on the mind of just about everyone these days. It's clear now that home prices are down from 2022 highs which probably signals the highs of the 2010-2022 twelve-year mega cycle, and there appears to be great turmoil building in the economy, and in the financial system. Continue Reading
Mortgage Application Index Portends Stormy Future
March 8, 2023 Mortgage rates have moved quickly from ~6% to ~7% over the past 30 days: Mortgage Rates Head Back Over 7% After Powell Testimony 30 Yr. Fixed: 7.03% (+0.04% ▲) | 15 Yr. Fixed: 6.48% (+0.03% ▲) | https://t.co/hpyoRNAipg — Mortgage News Daily (@mortgagenewsmnd) March 7, 2023 As would make sense, new mortgage applications are down a staggering 42.3% year over year. Continue Reading
