Category Archives: Denver Investment Properties

Big Savings for Buyers: Rates Reach New Record-Lows

Posted on September 20, 2011 by Tatyana Sturm

For the second straight week, mortgage rates reached another milestone, with 30-year and 15-year fixed-rate mortgages hitting record lows again, Freddie Mac reports in its weekly mortgage market survey. For example, home owners who refinanced at today’s 30-year fixed-mortgage rate could trim nearly $1,715 a year in interest payments on a $200,000 loan, Nothaft says. Here’s a closer look at rates for the week ending Sept. 15. •30-year fixed-rate mortgages: averaged 4.09 percent this week, down from last week’s previous record of 4.12 percent. Last year at this time, 30-year rates averaged 4.37 percent. •15-year fixed-rate mortgages: averaged 3.30 percent,… Read More »

6 Common Mistakes when Buying rental properties

Posted on September 19, 2011 by Tatyana Sturm

Traditional investments are delivering low returns, and home prices are at bargain levels in the Denver Metro area. Is it time to consider buying some rental properties in Denver? Investing in real estate right now can be surprisingly profitable, if everything goes well. Rents are climbing in many areas of Denver, we have seen a 4% rent increase from last year, and more properties may be coming on the market. Last month, the Obama administration asked for proposals on how to convert at least some of Fannie Mae’s and Freddie Mac’s bulging inventories of foreclosed homes into affordable rentals. Before… Read More »

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