Jordan Graham's (jordanlgraham) Blog

Thank heaven you don't live in California!Amidst the gloomy news about interest rates rising globally and record-pace foreclosures comes this tidbit from Global Insight and National City Mortgage: Homes in Denver and its surrounding area are, on average, not badly overvalued.If you're thinking "...

Interest rates on long-term mortgages have risen sharply in the last couple of weeks. Last Thursday, Freddie Mac announced that the average 30 year fixed rate mortgage stood at 6.74% -- the highest it's been in nearly a year. "Mortgage rates moved sharply upward this week, with rates on 30-year f...

I spoke with a new client yesterday (I'll call him Jason) about the house he's buying in Silverthorne (in Summit County, Colorado -- home to Copper Mountain, Keystone and Breckenridge ski resorts.) Jason had gotten back at 1:00 am from a meeting with the sellers, and was a little dazed by how qui...

(This article is the first of a three-part series on understanding different types of mortgage interest rates.)To understand interest rates in long-term fixed rate loans, the first thing to do is tune out the media noise around the Fed and the Prime Rate. Long-term mortgage interest rates are bas...

That screeching sound you hear is the mortgage industry hitting its brakes as hard as it can. Every week brings the news of yet another mortgage company closing; and I'm not talking about single office brokerage firms -- these are publicly traded lenders whose stock prices have tanked, just like ...

In yesterday's New York Times Sunday Business section, Gretchen Morgenson looked at the continuing foreclosure wave and quoted a Harvard Law School professor as saying that it's "proof that consumers need protection from financial products that can wipe them out." (subscription required) I couldn...