University Heights (Albuquerque, NM)
By C. Lloyd McKenzie, Living Albuquerque
(Living Albuquerque)
Comments 4
UNM Lobos, 2013 Mountain-West Champions! Yesterday the 14th ranked UNM Lobos defeated the Wyoming Cowboys 54-42 to clench the Mountain-West Championship.  The closest contender, Colorado, was defeated by Boise State, both of whom were beaten by the Lobos.  The Lobos now boasts a record of 25-4 record with a 12-2 record in the Mountain West Conference.  Congratulation to Coach Steve Alford and the Lobos Basketball Team! Next for the Lobos, Nevada at Reno, NV on Wednesday March 6, 2013 at 8:00 PM MST Thinking about buying a home in Albuquerque? You can get information about Homes Available for Sale in Albuquerque, NM click the above link, call or text me at (505) 750-8550    
By C. Lloyd McKenzie, Living Albuquerque
(Living Albuquerque)
Comments 0
UNM Lobos ends Colorado’s Home-Court Advantage Going up to Fort Collins yesterday, the Lobos wee not expected to dominate the Rams.  After all, they had a 27-game winning-streak at home.  But the 16th ranked Lobos would not be deterred; they played an outstanding game, which in the end defeated the Colorado Rams 91-82. There are a few noteworthy highlights in the game: 1. Kendall Williams sank a record 10 3-pointers in his career-high of 46 points.  2. This win on the road broke the Rams 27-game winning home-court winning streak.  3.  Lobos now up their record to 23-4 overall and conference record of 10-2. Congratulation to the Lobos! Next for the Lobos, San Diego State at home in The Pit, Wednesday February 27, 2013 at 8:15 PM Thinking about buying a home in Albuquerque? You can get in...
By C. Lloyd McKenzie, Living Albuquerque
(Living Albuquerque)
Comments 2
  Albuquerque, NM: “March Residential Real Estate Sends Conflicting Signal:” "March was the single strongest month for home sales since June 2010." However, when set against March 2010, all activity fell: closing were down by 10%; pending sales down by 16%, new homes down by 14.5%." Median Price: March 2011, $162,000; February 2011, $171,750; March 2010, $175,000. These are the facts as reported in the Sunday April 24, 2011, Albuquerque Journal. Let’s face it, Inman News reported that the “the Housing figures reported by NAR for 2010 were overstated…” It identified the methodology an issue, so it should come as no surprise to us that the data is conflicting.  Here is the link to my February 19, 2011 blog, nobody in Albuquerque paid attention:  http://activerain.com/blogsview/2146953/wak...
By MELINDA POTCHER
(DIVINE MORTGAGE, LLC)
Comments 3
Albuquerque, New Mexico is Housing Predictor's selection for the #1 spot on the Top 10 List. Albuquerque is growing like never before, attracting the movie business from Hollywood, a new airplane factory and many other new businesses, like Schott (Solar Power) and Fidelity Investments. The median price for a home in Albuquerque is $194,000. The 2007 appreciation for homes in Albuquerque was 9.1%.The selection is based on surveys conducted on 75 market conditions, sales velocity, pricing and 20 other factors.Five Texas markets are included on the list, including McAllen, which placed 2nd. In early 2006 Housing Predictor forecasted the current boom in Texas.Salt Lake City Utah placed third.for more information on the Hottest 10 Buyers Markets, go to http://www.housingpredictor.com/hottest...
By MELINDA POTCHER
(DIVINE MORTGAGE, LLC)
Comments 0
I have a client, let's call her Heidi. Heidi is a very successful business owner who needed to refinance her home in order to pull out equity to use in her business expansion plan. Her accountant counseled her that utilitizing her home's equity would cost less in interest, and would be less of a hassle to obtain than an SBA loan.Let me show you how this scenario played out, and why if you want to work with a mortgage professional, my advice would be that you CHOOSE ME.Heidi's current loan is a 30 year fixed at 6.75%. She owes $188k on a $300k appraised value home. Heidi wants to pull out $35,000 of equity. Because rates are so good right now, we can get her 5.125% on a 30 year fixed. The lower rate and cash out result in a payment that is only $33 more than what she is currently paying ...
By MELINDA POTCHER
(DIVINE MORTGAGE, LLC)
Comments 1
 It was this past Wedesday morning, 9:26am.  I officially lost my mind.  In that moment in time, I saw my 30 year fixed rates dip down to 5% at par.  The 15 year was somewhere near 4.5%.  I frantically sent a blast email to all my Clients & Realtors.  LOCK NOW!  I typed at lightening fast speed, my french manicured nails click click clicking away on my computer keyboard.  I ran scenarios, amortization schedules, loan comparisons like a whirling dervish.  I advised all I spoke to that I had no idea how long the rates would hold, that given the feds reduced short term rates after a 300+ point loss in the DOW the day before, it was more than likely that the market would rebound, and rates would rise again.I hadn't seen mortgage rates this good since the Refi Boom of 2003 - when everyone & ...
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