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Beyond the San Juans – National Real Estate Market Outlook

As we’re always interested in keeping you up-to date with what’s going on in the world of real estate beyond the Montrose, Ridgway, Ouray and Telluride regions of Colorado, here are some of the latest headlines that our brokers thought might interest you:

Rates on 30-year Mortgages Drop to 6.35%Yahoo! News

Great news if you’re looking at converting your ARM to a fixed rate loan, no matter where you live.

Foreclosure Crisis Affecting Would-Be Renters – MSN News

If losing your home due to financial difficulties wasn’t bad enough, homeowners-turned renters being turned-down by landlords for rentals.

News on the Countrywide Mortgage Question (video) – MSNBC

An interesting video update on the ongoing saga surrounding Countrywide Mortgage.

Drive to your New Home on Sunshine– This Fall, the Prius Goes Solar – MarketWatch

Well, you might not be able to “drive” on solar, but you will be able to use the sun to cool you down once Toyota gives its popular Prius a makeover!

Getting Ready for a new Mortgage? Let the Federal Reserve Know What you Think About Credit Card Rules – MarketWatch

Anyone who’s gone through the mortgage process knows the importance of credit surprises. Here’s your chance as a credit-savvy homeowner, homeowner-to-be or landlord to let your voice be heard on credit card disclosure rules.

As always, the entire San Juan Realty, Inc. team is here to answer your questions about the real estate market, both local and national. As long-term residents of the area and experts, give us a call. You might be surprised what a phone call with get you!

We hope everyone had a safe and happy Independence Day celebration!

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