JONES HOMES L.L.C. 303-750-4186

Welcome to
Colorful Colorado!

We welcome all of you to our site! We pride ourselves on giving you information that will help you make one of the most important financial decisions of your life. We provide superior service to the Denver Metro area and surrounding cities. From single-family homes, to condominums, to land, to investment property and new construction, we are your real estate link. Let us know what YOUR goals are and we will assist you in making your real estate dreams come true!

Breaking News!!
The Atlanta and Boston Feds have published a paper by three economists that dispels conventional thought and undercuts the justification for much of the resulting regulations.
Largely dispelling the "inside job" they opt for the financial crisis being a result of a " bubble theory" where borrowers and investors made decisions that were "overly optimistic" about house prices.
Here is an outline of the '12 Facts About the Mortgage Market" that shaped their analysis:
Fact 1: Resets of adjustable-rate mortgage did not cause the foreclosure crisis. 84% of these borrowers took on the same payment as when they first went into foreclosure.
Fact 2: No mortgage was "designed to fail." "Instead, they were not designed to withstand the stunning nationwide fall in house prices that began in 2006."
Fact 3: There was little innovation in mortgage markets in the 2000s. No doc ("liar loans") and negative amortization loans from the '80s and '90s became mainstream in the 2000s.
Fact 4: Government policy toward the mortgage market did not change much from 1990 to 2005.
Fact 5: The originate-to-distribute model was not new.
Fact 6: MBS, CDOs, and other "complex financial products" had been widely used for decades.
Fact 7: Mortgage investors had lots of information.
Fact 8: Investors understood the risks.
Fact 9: Investors were optimistic about home prices.
Fact 10: Mortgage market insiders were the biggest losers.
Fact 11: Mortgage market outsiders were the biggest winners.
Fact 12: Top-rated bonds backed by mortgages did not turn out to be "toxic." Top-rated bonds in collateralized debt obligations (CDOs) did.
No doubt this paper will raise some controversy on Wall Street, Main Street and in Washington.
The full paper is worth reading and can be found at:
www.bostonfed.org/economic/ppdp/2012/ppdp1202.pdf

Call and see if we can solidify your real
estate portfolio and expose you to the
advantages of real estate ownership.
Call Vernon direct@303-359-8218

Featured Property

10132 PRESTWICK TRAIL
LONE TREE

This 5-bedroom/ 5-bath two story has the location, living space, and all the design you will ever need! Italian Villa that backs to Lone Tree Golf course. Stunning view from large deck. Water feature in rear yard. Walk-out basement with theatre room, 2nd family room, excercise room, and 3/4 bath, along with plenty of storage space. Soaring ceilings. Ensuite baths on 3 upper level bedrooms. Master has retreat with fireplace and walk-in closets. Gated community. Minutes from Park Meadows mall.Office on main level. Massive kitchen with granite and large island. A must see on your home search. Private showing? Call Vernon direct at 303-359-8218

Mortgage Applications Increasing as Mortgage
Rates Fall Again

The MBA mortgage applications index increased 9.2% to 775.6% for the week ending May 11. The gain was led by a 13.0% jump in refinance applications; purchase applications slumped 2.4% on the week. Purchase activity is up 2.0% from its year ago level but remains quite weak. Refinance activity is now 64.3% above its year ago level and is trending modestly higher amid substantial volatility. Contract mortgage rates fell again last week with the 30-year fixed down 5 bps to 3.96%, the lowest rate in the history of the survey.

From the Founder.....

The real estate industry has begun to stabilize and price decreases' are lessening. Lenders' are back in the business of doing loans and the job market is rebounding. Interest rates are at record lows but housing inventory is becoming scarce. Buying real estate now is a tremendous wealth building advantage with the low rates combined with decreased prices. Give us a call. The fact that it may be one of the largest investments you make in a lifetime mandates that we give you accurate information, detailed anaylsis, and personable service. We pride ourselves on paying attention to every detail to insure a smooth transaction for our clients. Contact me direct at 303-359-8218 or by email at vernon@joneshomesonline.com. Vernon R.E. Jones, CEO/Founder

Interest rates
30 year fixed: 3.75%
15 year fixed: 3.02%
5/1 ARM: 2.66%

Source: Bankrate.com
*Subject to change without notice

BANKRATE MORTGAGE CALCULATOR

"......from cabin to castle"

2323 S. Troy St. Bldg#5-Suite#207

Aurora,CO 80014

toll free: 1-877-403-0760