New Commercial Listing – 6658 Gunpark Boulder, CO 80301
Posted On May 10th, 2011 by Jeremiah | Comments Closed
Weekly Mortgage Update – 5.9.2011
Posted On May 9th, 2011 by Gale | Comments ClosedStraight Stats
Mortgage interest rates improved slightly on the week on mixed economic data. Employment data was particularly mixed. Today’s April Employment Report showed that non-farm payrolls increased by 244k on expectations that they would increase by 183k. Non-farm private jobs increased by 268k, its largest increase since February of 2006, on expectations that they would increase by 200k. The unemployment rate increased to 9.0% on expectations that it would remain unchanged at 8.8%. Weekly jobless claims, though, increased by 43k to 474k on expectations that they would fall by 29k. This is the largest increase in weekly jobless claims since August of 2010. Also of note, March Construction Spending, the April ISM Manufacturing Index, and March Factory Orders were better than expected. The April ISM Services Sector Index and ADP Private Employment estimate were weaker than expected.
Featured Listing – 1363 Carlson Ave. Erie, CO 80516
Posted On May 6th, 2011 by Jeremiah | Comments Closed
Weekly Mortgage Update – 5.2.2011
Posted On May 2nd, 2011 by Gale | Comments ClosedStraight Stats
Mortgage interest rates improved slightly on the week as Q1 GDP was up just 1.8%. Toward the end of February and early March, markets were expecting Q1 GDP to increase by 3.0%. Other economic data was for the most part either in line with expectations or slightly stronger than expected. March New Home Sales, April Consumer Confidence, March Durable Goods Orders, and Pending Home Sales for March were slightly stronger than expected. March Personal Income and Spending, the April Chicago Purchasing Managers Index, and the University of Michigan Consumer Sentiment Index were in line with expectations. Weekly jobless claims, though, were weaker than expected, up by 25k claims on expectations that claims would drop by 13k. Also of note, the Treasury auctioned $99 billion in 2 Year, 5 Year, and 7 Year Notes, which was met with mixed demand.
Weekly Mortgage Update – 4.25.11
Posted On April 25th, 2011 by Gale | Comments ClosedStraight Stats
Mortgage interest rates were mostly flat on the week on mixed economic data. Economic reports stronger than expected included March Building Permits, March Existing Home Sales, and March Leading Economic Indicators. March Existing Home Sales increased by 3.7% on expectations that they would increase by 2.5%. Economic reports weaker than expected included March Housing Starts, weekly jobless claims, and the April Philadelphia Fed Business Index. The Philadelphia Fed Business Index fell to 18.5 on expectations that it would fall to 32.9. Also of note, S&P downgraded US debt from stable to negative. S&P did not change, though, the AAA credit rating of US debt.
Featured Property – 2847 4th St, Boulder, CO
Posted On April 22nd, 2011 by Jeremiah | Comments ClosedToday we are featuring a stunning Newlands Craftsman home. This beautifully remodeled home offers fantastic views and modern updates throughout. Located in the Newlands neighborhood this home is within walking distance of mountain trails and Pearl Street. I asked Marty to tell us a little more…
Top Producers Pay It Forward
Posted On April 20th, 2011 by Mary | Comments Closed
Our 2010 Top 5 Producers gave a special presentation today of “Giving Back” and “Paying forward” after their success last year. They hope this is the beginning of a new tradition at Wright Kingdom. Dene Yarwood told the story about a young high school athlete who died a few years ago on the field because the school did not have an AED (defibrillator). Then the daughter of a friend of hers literally died on the field but was brought back to life by someone using the AED. The AED’s are very expensive and as you may be aware, there is a big push to have these in every school and in businesses. Our Top 5 Producers are donating an AED to both our Boulder office and our Longmont office! An AED is quite expensive so this is a great gift. Talk about making a difference!
Weekly Mortgage Update – 4.18.2011
Posted On April 18th, 2011 by Gale | Comments ClosedStraight Stats
Mortgage interest rates improved this past week despite mixed economic data. Economic data better than expected included the April New York Empire State Manufacturing Index, March Industrial Production and Capacity Utilization, and the University of Michigan Consumer Sentiment Index. Reports weaker than expected included weekly jobless claims, which increased 27k on expectations that claims would increase by only 3k. The IMF lowered their growth forecast for the US economy in 2011 from 3.0% to 2.8% and the National Federation of Independent Business reported a decrease in optimism in the small business sector. Also of note, the Treasury auctioned $66 billion in 3 Year Notes, 10 Year Notes, and 30 Year Bonds which was met by the markets with mixed demand.
Weekly Mortgage Update – 4.11.2011
Posted On April 11th, 2011 by Gale | Comments ClosedStraight Stats
Mortgage interest rates increased this past week despite limited new economic data. Of note, the March ISM Services Sector Index was reported at 57.3, weaker than the 59.5 expected. Weekly jobless claims fell by 10k on expectations that they would fall by 2k. February Consumer Credit increased by $7.62 billion on expectations that it would increase by $2.5 billion. Revolving credit fell by $2.71 billion, though, indicating that consumer spending may be falling. Other news of note included China and the European Central Bank increasing interest rates by 0.25% on inflation concerns. There is increasing belief that the Federal Reserve will increase short term interest rates later this year. Also, the Treasury will auction $32 billion in 3 Year Notes, $21 billion in 10 Year Notes and $13 billion in 30 Year Bonds next week.
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