Coloroad mortgage rates at 5.16%

Zillow: Colorado mortgage rates at 5.16%, an article from The Denver Business Journal, reports that Colorado mortgage rates continue to slide, according to Zillow Mortgage Marketplace. Rates for 30-year fixed-rate mortgages in Colorado averaged 5.16% on Saturday, down from an average of 5.23% a week earlier. In mid-June, these rates were averaging about 5.7%. Nationwide, mortgage rates averaged 5.14% Saturday. http://www.bizjournals.com/denver/stories/2009/07/06/daily99.html?s=industry

Best place to live... Louisville, Co

Best Places to Live, an article from CNNMoney.com, reports that Louisville, CO ranked #1 on Money's list of America's best small towns. Louisville is a down-to-earth kind of town. It has a Friday-night street fair, with a beer garden, live music and games for the kids, that runs all summer long. It's weathered the economic downturn well with its focus on the high tech, energy and health-care industries. The top reason residents move to Louisville? The great outdoors. It boasts over 30 miles of trails, close proximity to Rocky Mountain National Park and eight ski resorts within a two-hour drive. Also, the town's schools are highly rates. Louisville also enjoys little crime, good health care and low taxes. http://money.cnn.com/magazines/moneymag/bplive/2009/snapshots/PL0846355.html

Morgage rates down this week

Mortgage Rates Down This Week Amid Concerns Over Labor Market, an article from Realty Times, reports that the 30-year fixed-rate mortgage averaged 5.20% with an average 0.7 point for the week ending July 9, 2009, according to Freddie Mac's Primary Mortgage Market Survey. Last week, it averaged 5.32%, and a year ago it was 6.37%. “Interest rates for 30-year fixed-rate mortgages fell for the second week in a row to the lowest level in six weeks amid market concerns over a weakening labor market,” said Frank Nothaft, Feddie Mac vice president and chief economist. http://realtytimes.com/rtpages/20090710_rates.htm

Job Growth, tourism bright spots for region's economy

Job growth, tourism bright spots for region's economy, Silverstein.http://www.9news.com/money/article.aspx?storyid=119153&catid=344

New Protections for 1031 Exchange Funds

New Protections for 1031 Exchange Funds, http://www.moyewhite.com/mediacenter/newsletters.aspx

Pending Home sales rise again

Pending Home Sales Rise Again, an article from Realtor Magazine Online, reports that pending home sales displayed a sustained upward trend, rising for four consecutive months, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in May, increased 0.1% to 90.7. This is 6.7% higher than in May 2008. There hasn't been four consecutive months of gain since October 2004. "Closed existing-home sales have improved but are coming in lower than expected because some contracts are delayed or falling through from the application of new appraisal rules for many transactions," said Lawrence Yun, NAR chief economist. http://www.realtor.org/RMODaily.nsf/pages/News2009070101

Denver fares best in home-proce survey

Denver fares best in home-price survey, an article from The Denver Post, reports that Denver fared the best among the 20 U.S. cities in the S&P/Case-Shiller home-price index for the second consecutive month. Denver is one of eight cities that recently reported a month-over-month gain in prices - rising 1.5%. "Seeing the recent numbers from the Case-Shiller report has given some credence to what we have been feeling in the market in Denver," said Dee Chirafisi of Kentwood City Properties. "Denver has been named one of the five best cities as far as real-estate recovery and the five best places to live, etc."http://www.denverpost.com/business/ci_12727752