Mortgage interest rates came close to hitting a record low last week. All the junk going on in Europe with Greece and Hungary’s financial situations has made US mortgage backed securities more attractive apparently, and the result is some incredibly low mortgage interest rates. But not as many buyers are taking advantage of them. There [...]
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Recently the Colorado Springs Economic Development Corporation (EDC) had a little mis-step when a company was announced as a new employer, only to discover they were in big trouble in their home state. The company closed its doors instead of coming here, which is probably better than closing its doors after coming here, but it [...] The unemployment rate for the state of Colorado and Colorado Springs is dropping, according the Colorado Department of Labor and Employment. A 7.2% unemployment figure for September is welcome news to the local area, and should help stabilize the housing market, along with everything else that has been hit by this recession. We’d rather [...] It has been a while since we had any sizable civilian job announcements in the Springs. While growth at Ft Carson is very welcome and needed, it is the civilian sector that generally provides the best stability and long term growth prospects. Yesterday it was announced that Affiliated Computer Services is opening an operation [...]
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It has been a dry summer in Colorado, but that has all changed this week. I hope the August rain we are having extends the wildflower season a bit, and keeps us green longer into the fall. The Columbine (shown above) like it a bit wetter. It was downright gloomy out this yesterday and [...]
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T Rowe Price has opened their second Briargate facility. There was a nice write up on this in today’s paper, and since I drive by this facility almost daily, I thought I should mention one of the bright spots on the Colorado Springs economic horizon. They expect to add another 700 employees or so over [...] |
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