Wednesday, February 3, 2010

Colorado Conventional Mortgage Market Contracting While FHAVA Expands

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The chart above shows the monthly number of conventional purchase mortgages captured from 22 metropolitan area counties in Colorado since January 2005.  The trend shows a continuous contraction of sales for this mortgage product in Colorado since through December 2009.

The next chart (below) shows the number of monthly FHA and VA mortgage originations from all areas of Colorado since January 2005.  The trend shows continuous growth in sales of government insured purchase mortgages. 2009 was the best of the past 5 years for FHA and VA mortgage products in Colorado.

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