To lure more teachers, CO school districts enter the housing market

Affordability has been a chief topic of concern in the housing industry for the past several years, and the lack of affordable options in the state of Colorado is pushing that state’s school districts into action.Leaders in Colorado districts are entering the housing market in a variety of ways, inc
Read MoreMortgage rates continue a downward trend in the twilight of 2023

As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent.The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded on Dec. 21 according to Freddie Mac‘s Primary Mortgage Market Survey released on Thursday.The 15-
Read MorePending home sales remain at historically low levels

Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. according to the latest data from the National Association of Realtors (NAR).NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6 in November, from 71
Read MoreHow loan originators survived a cutthroat mortgage business in 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate’s managing director and a top-producing loan officer. “This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. Now, you need to be ve
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