Rick Kellow's (dad4_2) Blog

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Mortgage and Lending - Cherry Creek Mortgage
RECENT BLOG POSTS
Home buyers with the very best credit are still having a difficult time getting mortgages in California, raising concerns that the real estate market in the nation's most populous state could fall much further, sending home values spiraling lower and toppling the state's economy into recession. T...
02/25/2008
Home buyers considering a purchase in what is turning out to be one of the worst markets in decades are rethinking their priorities, telling home builders that energy-efficient designs, outdoor living spaces and flexible floor plans are what will draw them to subdivisions today. Two consumer-pref...
02/25/2008
Only 15 counties in the U.S. have a median house price high enough to qualify for the temporary maximum conforming loan limit called for in the economic stimulus package, an indication that the big jump may not help as many home buyers and refinancers as originally expected. The National Associat...
02/25/2008
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A substantial tax credit for home buyers is likely to be part of any second economic stimulus package enacted by Congress.Senate Democrats reportedly already have crafted a measure that includes a credit for taxpayers who help take down the record inventory of unsold homes. And when the Senate Fi...
02/25/2008
Question: I have a house which I own free and clear in the central corridor of Phoenix. My area is still selling for at least $275,000 and higher. I spoke to my bank in September, they said if they were to approve equity for me it would be at $275,000.I would like to sell this house, and buy a ni...
02/22/2008
The nation's pace of construction on new homes showed a small gain in January, even as building permits remained in the doldrums, the Commerce Department reported Wednesday. Housing starts rose last month by 0.8%, to a seasonally adjusted annual rate of 1.01 million, the most since November, the ...
02/20/2008
Only 15 counties in the U.S. have a median house price high enough to qualify for the temporary maximum conforming loan limit called for in the economic stimulus package, an indication that the big jump may not help as many home buyers and refinancers as originally expected. The National Associat...
02/20/2008
WASHINGTON (MarketWatch) - U.S. homebuilders' mood improved slightly for the second straight month in February. The home builders' housing market index rose to 20 in February from 19 in January, the National Association of Home Builders reported Tuesday. Economists had expected the index to hold ...
02/19/2008
Doesn't it seem like every time you turn on your TV set or open your newspaper, you see an advertisement for a new financial product?A good chunk of these products fall flat. But every once in a while, one will take hold in a way that even the experts didn't see coming.These days, that hype is ab...
02/18/2008
Remodeler Alan Hanbury thinks somebody must have disconnected the phone in his Newington, Conn., office and not told him. After a record year for his company, House of Hanbury Builders Inc., in 2007, he says clients are not calling at all this year. "My client base is doing nothing, not even gett...
02/18/2008
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Rick Kellow

FHA & Reverse Mortgage Expert
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