Cherry Creek Mortgage
The Home Equity Conversion Mortgage
Reverse Mortgage 26 February 2018

The Home Equity Conversion Mortgage

Reverse mortgages vary for different situations. Most common is the Home Equity Conversion Mortgage (HECM), which is insured by the federal government. Overview of an HECM: Eliminate your existing mortgage payments Available for individuals 62…

Commentary 23 February 2018

MORTGAGE CREDIT NEWS BY LOUIS S. BARNES - 2/23/18

Markets are taking a much-needed breather during a vacuum of new economic data. The next big report will be February payrolls and wages, but not to be released until Friday, March 9. The 10-year T-note…

Straight Stats 23 February 2018

Rates Flat on Limited Economic Data

Mortgage interest rates were mostly flat on the week as economic data was limited.  Weekly Jobless Claims and January Leading Economic Indicators were stronger than expected.  Weekly Jobless Claims are at a 45-year low but…

Commentary 16 February 2018

MORTGAGE CREDIT NEWS BY LOUIS S. BARNES - 2/16/18

We are likely to be in a sustained rise in interest rates (sometimes just writing that sentence means that the rise has stopped for good), but even a sustained one has its plateaus, and at…

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