Here Are This Week’s Two Columns as Published in the Denver Post

Click on the thumbnails below to view more readable and downloadable PDFs of each.

All elements from both columns are also posted at http://RealEstateToday.substack.com.

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Author: Jim Smith, Broker

Jim Smith is best known for his weekly "Real Estate Today" column published on the Real Estate page of The Denver every Saturday and in 24 metro area weekly newspapers the following Wednesday or Thursday. Individual articles are also published at http://RealEstateToday.substack.com. Over a decade of the columns are archived at www.JimSmithColumns.com.

3 thoughts on “Here Are This Week’s Two Columns as Published in the Denver Post”

  1. Hi Jim,

    Thank you for the email! The current conventional 30 year fixed rate with a 780+ credit score and 25% down payment is 6.125% not 6.41%. Now more than ever the difference between a competitively priced rate and an expensive lender is significant. I would appreciate the opportunity to meet with you sometime to help shed some light on this topic.

    Also, with the high probably of refinancing in the next 8-12 months, I disagree that a borrower paying to buy down the rate is a good idea. It is money left on the table if the Fed starts a rate cutting cycle. Another issue is that it’s too expensive to pay for a buy down in the current rate environment. Here are the rates on my website:

    

    Paying a 1% discount point only drops the rate by .25%. Historically, it reduces the rate by more than this indicating it is pricey to do it now. It seems like lenders that are recommending paying thousands to reduce a rate when a refi is likely are not keeping the borrower’s best financial picture in mind, but instead focusing on how to close a quick deal.

    Thanks!

    Scott Odron Owner LendingCorp.com, Inc. phone/text: 303-949-7000 email: scott@lendingcorp.com fax: 720-600-2463 NMLS 232720 / 460275 CO LMB 100009979

    

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      1. Sounds good, Jim! Our rate is also 6.125% with zero points for a 20% down payment if you want to do an apples to apples comparison on the rate. The bigger issue is not talking borrowers into spending $10k at closing for a 5.5% rate with a refi likely in the future. It’s not a wise financial decision for the borrower.

        Thanks!

        Scott Odron Owner LendingCorp.com, Inc. phone/text: 303-949-7000 email: scott@lendingcorp.com fax: 720-600-2463 NMLS 232720 / 460275 CO LMB 100009979

        

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