Making the choice to purchase a new home is a major decision for anyone. Once you’ve settled on the idea that you do want to buy a home, there are many more options you’ll have to face; one of the most important is the ideal size of a home to best fit your family and lifestyle. Here are some tips so that you can choose the right size home to meet your needs:
The Fed Announces Rates Will Hold Steady
The Federal Funds Rate is staying the same at 0 to .25%.
The Fed’s interest rate decision doesn’t directly affect mortgage rates, but today’s rates remain historically low.
Home owners and home buyers can take advantage of today’s low rates by:
- Buying a new home
- Refinancing to get a lower rate or eliminate mortgage insurance
- Financing home renovations
- Funding major expenses (like college tuition)
- Consolidating debt*
Curious about the Fed’s key short-term rate? Learn more in this article.
Don’t hesitate to reach out for a conversation about home financing.
* Debt consolidation does not pay off the debt, please consult a financial advisor regarding the effect of consolidating short term debt into long-term debt.
Article provided by R. Gomez, Loan Officer in Colorado Springs.
Colorado Springs’ Construction Industry Was Booming in 2020

Colorado Springs’ construction industry hit boom times in 2020, despite pandemic
Business was booming last year for homebuilders, general contractors and subcontractors that make up the Pikes Peak region’s construction industry, despite the COVID-19 pandemic.
The estimated value of permits issued for the construction of single-family homes, townhomes, apartments, hotels, offices, schools, medical buildings, manufacturing plants and other structures last year in El Paso County soared to $2.9 billion — a record high and a nearly one-third jump over 2019, according to Pikes Peak Regional Building Department reports.
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