Colorado Home Mortgage Banking

Some lenders today had a hard time reading the market and made a mid-day price change improving Colorado Online Mortgage rates.  Tomorrow we will be back to our old ways.  The focus again will be what kind of economic data will we have and how will it impact Colorado Online Mortgage rates.  We have a couple of Manufacturing reports coming out and some investors are already trying to get a read into what the numbers will be saying.  Reports started to come in late today that have investors forecasting some positive numbers in the manufacturing report due out in the morning.  This report will have a moderate impact on Colorado Online Mortgage rates and depending on the data will move rates either up or down.  So far this year just about every report released has shown signs that our Economy has not made any progress towards recovery.  Investors are grasping at what ever good news they see, which ultimatly could impact Colorado Online Mortgage rates.  This desperation will send any good news into a frenzy of speculation about our economy recovering, which will create an even bigger movement in the market.  This movement may move Colorado Online Mortgage rates up or down quicker then they would have on similar data in the past.  There are three primary economic sectors measuring activity in the market, manufacturing, non-manufacturing, and government.  Each of these sectors currently release economic data, all of them impacting Colorado Online Mortgage rates in one way or another.  Obviously the biggest mover in these sectors comes in the non-manufacturing sector which currently accounts for over 75% of all economic activity.  Though the Manufacturing reports do not carry the same weight, make no mistake their impacts will be felt.  If the news is positive we may see another overreaction in the market sending rates up for the rest of the week.  Colorado Online Mortgage rates may come out a bit higher in the morning in anticipation of the news.  If the ISM report on Business comes in lower then expected we should see rates improve yet again.  I have to be careful not to get pulled in by over analysing the data, as your Colorado Online Mortgage provider, I should remind you to keep it simple and monitor the economy as a whole.  We are still not out of the woods as it relates to bad economic news, and with the approach our government has taken to strengthen its control, my guess is that we still have some time to go.  I believe that we should continue to see some nice rates in the near future, but will also caution people not to wait to long to lock.  I have changed my FLOAT recommendation to a LOCK recommendation assuming you can get 5.5% fixed.  I Locked one of my clients today, and currently have most of my pipeline locked at that rate.  I have two investors currently offering that Colorado Online Mortgage rate, but if you are purchasing a property you will need to have an accepted contract to lock.  If you are refinancing we can lock at anytime, Remember 5.5% fixed is a good historically low rate and should be taken advantage of.  Until then good night.  Don’t forget to check out www.coloradohomemortgageloan.net/news for my 2nd blog.

Colorado Home Mortgage Loan programs should see some movement today depending on what is said on Capital Hill.  Treasury Secretary Henry Paulson will be presenting a 218 page plan to help overhaul our financial systems and hopefully put some stability into Colorado Home Mortgage Loan programs in the future.  Henry Paulson will be proposing a plan, supported by President Bush, which will give the Federal Reserve more control of the financial markets.  These Policy changes will quickly impact Colorado Home Mortgage Loan rates by implementing  monetary policy strategies currently utilized by the Federal Reserve.   Today like Friday should be a good day for rates.  I looked at a couple of investors and it appears that they are being slightly conservative to start, but I expect some movement by mid-afternoon.  Colorado Home Mortgage Loan rates should drop again today.  Stay tuned to see how Capital Hill responds and be prepared to Lock your Colorado Home Mortgage Loan rate if something comes up unexpected until then FLOAT remains my recommendation.  Even though I have a FLOAT recommendation I typically tell people to lock when the rate hits 5.5% it is a good rate and it will guarantee you one of the lower rates offered in some time.  Holding out for that .125% or .25%  may cause you to miss out on a Colorado Home Mortgage Loan rate you can live with.  Stay tuned, I just got a Reprice alert and it appears that the market will react well to the Treasury Secretary’s report.  Rates are starting to move down.   Stay Tuned!!!

As expected the Colorado home mortgage market was off to a tough start, mainly still affected by the news from yesterday.  We had a couple of new economic reports come out today, both coming in lower then expected.  This should start sending Colorado home mortgage rates downward through today.  I expect that this movement will continue through early to mid next week sending Colorado home mortgage rates even lower.  If the economic data continues to be negative we will see much of the increases experienced this week go away by next week.  With that said we need to focus on historical data and historically Colorado home mortgage rates continue to come in lower then the two year average.  Colorado home mortgage rates reporting under 6% is still good, we have just become so accustom to low rates that we believe that this is the norm and it just isn’t.  I am still putting in a FLOAT recommendation, but be prepared to lock if we get anywhere near the 5.5% range.  Locking at 5.5% will always be a win win for you.  By looking at the economic data released today, our fear of inflation got some good news. Personal income and outlays were reported this morning.  This report measures a consumers personal income and the source of that income while calculating a persons spending habit and what they are spending their income on.  This report is generated once a month and is a good measurement with other reports to help gauge which direction inflation will move.   Rising income and spending numbers can depict a growing economy, however it will also indicate inflation is on the rise.  Colorado home mortgage rates do not respond well to inflation and luckily for Colorado home mortgage rates the news worked to its advantage today.  However we will need to continue to monitor these  reports closely, because it also sends a message to those impacting Monetary Policy (Feds) that we still have room for more short term interest rate reduction.  When the Fed’s lower short term interest rates investors begin to respond to their fears on inflation.  Investors know to well that making money cheaper will only create more spending, which is what the Federal Reserve wants to do.  If spending becomes too prevelant inflation will get out of control, making a fixed investment less valuable and in return increasing Colorado home mortgage rates.  The Federal Reserve has taken the position that they will do just about anything to keep us spending including lowering interest rates to an unhealthy level.  Colorado home mortgage rates will respond well to the level of concern related to the economy, but if inflation runs wild expect a very large increase to Colorado home mortgage rates.  So far so good, but lets keep a very close watch on any report signaling inflationary pressures.  Recommendation: FLOAT lets see what next week brings us.  Remember to check out www.coloradohomemortgageloan.net Daniel

Mortgage rates took a hit today leaving some of us wondering if rates will continue to go up.  For the 5th day in a row Mortgage rates increased slightly.  Rates are currently up .375% from Monday and will probably remain that way through tomorrow.  All week we have been saying that the Economic reports due out this week will speak volumes on how mortgage rates will react.  Investors have been pricing in certain expectation into the market and those expectations were confirmed today on a number of reports coming out.  Jobless claims, Corporate Profits, and GDP all came in as expected and investors reacted with confidence.  Investors worked quickly to begin searching for higher returns outside of the bond market creating a drop in Mortgage Backed Securities.  Though investors took the news positively, we should probably take another look at the economic reports posted today.  Jobless claims, Corporate Profits, and GDP all came in lower then the previous quarters and even scarier came in right in line with the same numbers we faced during our 2001 recession.  Why investors are so confident, makes no sense to me.  We are experiencing economic data similar to economic data’s reported during our last two recessionary times.  Mortgage rates should be reacting quite well, but so far that is not the case.  Another report used to measure pressure on inflation is the Personal Consumption Expenditure report which came in low, 20% lower then expected.  The signs all point to mortgage interest rate decreases, but like everything else in this world nothing is certain.  What I am sure of is that typically I do not lock on Friday’s due to lack of activity.  Lets keep the FLOAT recommendation alive until early next week, but lets use caution, we may have to just bite the bullet and lock, we don’t want to have rates moving up like they did 6 weeks ago before making a locking decision.  Good luck and God Bless.

Daniel

We have had several economic reports come in today including GDP.  These reports will have an impact on Colorado Online Mortgage rates.  Much of the Economic Data released today; GDP, Personal Consumption Expeditures, Corporate Profits, and finally Jobless Claims, all came in right where investors had expected.  Initially Colorado Online Mortgage rates will probably increase on the news, mainly because investors that were previously concerned that the Economic news would come in worse then expected have begun to move money back into higher risk investments.  Those of you that were hoping Colorado Online Mortgage rates would drop over the next few days may not get the results you were looking for.  Colorado Online Mortgage rates will probably increase slightly but overall should stay pretty much in line over the next few trading days.  The only thing that will create any strong movement in the Mortgage Backed Securities market will be how bullish its investors feel.  With all that said lets continue to look at the facts: the economic numbers show that we remain at our lowest point in the market since 2001 and at this time we show no signs of immediate improvement.  This will ultimately be good for Colorado Online Mortgage rates.  GDP came in with an increase of .6% which still does not allow us to define the market as a recessionary market, but it is about as close as it can be.  To be considered in a recession we would need GDP to have two quarters in a row with negative GDP increases.  Another important economic report coming in today was the PCE report.  PCE came in lower then expected at 2.0% not 2.5%.  PCE or Personal Consumption Expenditures measures inflation and typically when inflationary reports come in better then expected Colorado Online Mortgage rates will decrease.  So far today that is not the case, but in the long term based on today’s results Colorado Online Mortgage rates should fall back in line and price decreases should be seen as early as late next week.  For now my recommendation remains as a FLOAT, but use caution, we are definetly in a gambling mind frame.  So far Colorado Online Mortgage rates have increased by .125% depending on the lender, if investors react like lemmings we may see rates move up even higher in the short run.  However, it should not take long for these investors to see that a safe investment like Mortgage Backed Securities will still be better then a bullish approach to the stock market.  Don’t for get to check out: www.coloradohomemortgageloan.net for additional information.

Daniel

Colorado home mortgage refinance rates were impacted by two main forces today, Durable goods report and a large injection of bonds into the Mortgage Backed Securities market.  Durable goods report came in earlier then expected and it came in well below expectations.  Initially Colorado home mortgage refinance rates reacted positively to the news and we saw the market price for bonds increase.  The increase in bond prices allows Colorado home mortgage refinance rates to decrease.  Just as things were looking bright for the day, a major portfolio lender injected 1.2 billion dollars in FHA Jumbo loans causing a drastic increasing in the supply of bonds.  Obviously when supply is high and demand is light prices will need to decrease in order to attract investors to buy Mortgage backed securities.  Colorado home mortgage refinance rates increase as bond prices decrease.  This was the primary reason for rates moving slightly higher then expected at the close of buisness today.  Colorado home mortgage refinance rates will more then likely trend upwards slightly tomorrow continuing on from todays trading activities.  Rates will also be impacted by investor confidence in what the Economic reporting will be like at the end of the week.  When you have a big Economic report like GDP being reported it is always easier to wait and see before investing too much in the market.  As investors slow down prices in the security markets tend to drop creating another slight increase in rates.  Right now I am sure that if you have not already locked earlier in the week you are committed to gambling on that fact that GDP will not meet expectations.  If this in fact happens you will see some nice decreases in the rate by mid to early next week.  I am continuing my FLOAT recommendation form earlier today, at this point you have called the market you might as well see if you have a winning hand.  My bet is that Colorado home mortage refinance rates will in fact drop by Monday or Tuesday of next week based on a predicted lower the expected GDP report coming out on Friday.  Check out my other site for more information: www.coloradohomemortgageloan.net/news.  Best of luck and God bless

Daniel 

Today seems to be starting off nicely for your Colorado Online Mortgage provider.  I have written many Colorado Online Mortgage post talking about the impacts of bad Economic Data on Mortgage Backed Securities.  Today the Durable Goods report was released a day earlier then I had expected.  The Economic data from Durable goods came in considerably lower then what was expected.  This will be good news for Colorado Online Mortgage rates today and should be a signal of whats to come.  Durable Goods data showed a reduction of 1.7% versus the .7% which is what investors were expecting.  This is yet another sign that we have entered into a recession.  We can debate whether we are in a recession or not all we want but the economic data does not lie.  This is good news for Colorado Online Mortgage rates because bad economic news pushes interest rates down as demand for mortgage backed securities increases.  Those that decided to gamble should see rates improve today and if the economic data continues on this trend we will see rates get even better towards the beginning of next week.  I just took a look at Colorado Online Mortgage rates today and we are starting out exactly where we left off yesterday, however I do expect Colorado Online Mortgage rates to improve by .125% before the day is done.  There is one other area that we must monitor and that is the supply of bonds being offered in the market.  When ever a large lending institution releases a portfolio to be sold in the securities market it creates a temporary over supply of Mortgage Backed Securities.  If these MBS do not sell quickly then the price on these investments drop, which will have an inverse relationship with Colorado Online Mortgage rates.  I bring that up because today we had the release of 1.2 billion dollars in newly orginated FHA Jumbo loans  to the market, luckly we have had several investors in the Asian markets jump on the opportunity which help avoid any interest rate increases due to over supply.  My recommendation today will be to FLOAT.  I will let you know as soon as possible when GDP figures are released. 

Please check out  www.coloradohomemortgageloan.net/news.  This site will give you additional information on Colorado home mortgage loan. I try to mix it up between both sites to avoid having too much of the same information repeated.  I believe that there are lots of things that can be talked about in reference to Colorado home mortgage loan and hopefully between the two sites you can get the Colorado home mortgage loan information you are looking for.  Rates pretty much stayed on track and did not change much from yesterdays high point.  I believe that this will carry through tomorrow.  If preliminary news comes out that Economic news due out at the end of the week will be positive we may see rates increase, but this is not likely.  Obviously Colorado home mortgage loan rates are impacted by economic news and its amazing how many investors tend to know the information before it is released.  We will watch this for you tomorrow.  Today I want to touch base on what brokers do to set themselves apart from the rest of the banking community.  I have always told my clients looking for Colorado home mortgage loan programs that  anyone representing you will draw their money from the same sources, what sets brokers apart are the interest rates and costs associated with the Colorado home mortgage loan.  I hope that before you make the decision to close on your Colorado home mortgage loan, that you understand the terms of your loan.  I talk to so many people that have very different perspectives on what they thought they were getting on their Colorado home mortgage loan and what they actually got.  It sometimes takes them years to figure this out and often it happens when they are sitting in my office and I show them the perameters of their loan in the settlement statements they had when they close.  YOU SHOULD NEVER and I mean NEVER Close your loan with the broker or realtor working your transaction.  Your Colorado home mortgage loan should always be closed by a third party title company.  If the title company has an affiliation with either the lender, broker, or realtor you should request another representitive to close your loan.  It is these types of Colorado home mortgage loan closings that I see the most discrepencies in what people thought versus what they got.  As I said many times before we all get our money from the same sources so if it sounds to good to be true odds are its not true.  If gas was $1.23 some where in Colorado how long would that be a secret? not only that don’t you think that the gas station would want everyone to know?  Use common sense here just because you want to hear it a certain way doesn’t mean it will be true.  What typically happens in these situations is that when you do find out the truth you are already so invested in the Colorado home mortgage loan process that typically people do not walk away.  As a broker I represent lots of different lending institutions.  These institutions offer incentives by lowering the interest rates we offer you so that they can attract new buisness to their lending institution.  That is why my rates tend to be lower then any retail lending branch and honestly lower then most brokers altogether.  Give me some time to show you the process and hopefully you will see the benefits of working with a professional.  You will quickly see for yourself whether your Colorado home mortgage loan provider can walk the walk.  I assure you in my office we take pride in what we offer and you will get the Colorado home mortgage loan service you would expect.  Call me some time so we can chat about any questions you have, please continue to monitor my blog and god bless:-) 

Daniel

Today as expected Colorado Mortgage rates have pretty much stayed steady.  We were predicting a slight increase today in Colorado Mortgage program rates, but have gotten some bad economic news which kept Colorado Mortgage rates steady.  Rates were moving upward continuing its momentum from the better then expected New home sales figures that came out yesterday.  Consumer Confidence Data which will be released today, measures how the consumer thinks the economy is doing.  These numbers are used to see how likely consumers are to spend money.  When numbers are low consumers tend to spend less and save more moving Colorado Mortgage rates down, when Consumer Confidence data numbers are high then Colorado Mortgage rates tend to go up.  The primary reason is when consumers save they prefer a better risk investment like bonds, driving the price of the bond up and rates down.  These Consumer Confidence data came back so poor today that Colorado Mortgage rates should have actually improved but that was not the case rates remained unchanged.  This leads me to believe that investors believe that the news due out at the end of the week will be good economic news and will ultimately cause rates to increase.  As consumers we are influenced by the information given to us, and as media outlets continue to take the doom and gloom approach to news we as consumers tend to feel bad.  This in return lowers the Consumer Confidence data.  If the Economic News being released this week follow the same trend it did yesterday then Colorado Mortgage rates will increase as expected, but if the news is bad we will see rates drop even lower then yesterday feeding off of the Consumer Confidence data just recently released.  If you are a gambler you may see a nice rate pay off by waiting until Monday or Tuesday of next week, but with that said Colorado Mortgage rates are still good and did not get that boast in rates we expected today.  Its amazing how these reports impact rates and how predictable they really are.  I will follow the data coming out on GDP and durable goods late this week.  In the mean time we have a few small reports coming out that should leave Colorado Mortgage rates unchanged.   We have not had any mid day Colorado Mortgage rate increases or decreases pretty much business as is.  Current recommendation if you have not yet locked then risking a float may payoff.  Check out my two other sites for more information www.nostresshomeloans.com and www.coloradohomemortgageloan.net.  Thanks again a more to come this evening.

Lenders continue to leave Colorado Online Mortgage companies in a state of confusion as it relates to rates.  When you look at the spread between the 10 year bond and the 5.5% coupon bond all indication state that long term rates should come down to decrease the spread between these tow bonds.  Colorado Online Mortgage rates 3 years ago with the same spread would have been in the low 5% range, instead investors trading on longer term rates remain overly cautious maybe too cautious.  As your Colorado Online Mortgage provider we should continue to monitor that.  The spread between these two investment have had a large spread for awhile about 9 months now and should eventually make Colorado Online Mortgage rates better in time.  In the mean time we continue to look at economic data as it is reported.  March 27th will give us the GDP numbers and March 28th should give us the PCE, (Personal Consumption Expenditures) simply put is Cost of living.  This number tends to be more accurate then the normal Cost of Living numbers, because it allows for substitutes like if the price of beef goes way high it calculates the cost of chicken.  How this report with GDP (Gross Demestic Product) numbers impact Colorado Online Mortgage rates is that they both measure the progression and the stability of the economy.  If the news is positive then rates will go up if it is negative it will go down.  Even bigger Colorado Online Mortgage rate pressure comes in the fact that both reports show a strong indication on what inflationary numbers are and the pressure that inflation is having on the economy.  If you have followed my blog at all you will know by now that Colorado Online Mortgage programs are drastically impacted by inflation.  If you look at historical rates all the way back to the 50’s you will see that rates escalated most when inflation was high.  If the Cost of living goes up and our Gross domestic product numbers are strong this is a sure sign that inflation numbers will be an issue and you can expect Colorado Online Mortgage rates to go up.  The up side to this as it relates to rates is that if the news comes back negative then rates will get better and based on the spread between the 10 year bond and the 5.5% coupon bond we may see rates drop to some of the lows we had 2 weeks ago.  I still believe that the risk does not out weigh the reward, but if you don’t lock tomorrow then my recommendation is to ride it out until after the reports come out.  The reason for this is that investors will already begin to price the fear that inflation is inevitable and like today we will see rates increase.  If rates drop tomorrow for some reason then Locking will pay off, I expect rates to continue to increase as the week progresses and only bad economic news coverage by the media will allow rates to drop.  Depending on what preliminary information comes out locking is still a good choice.  The reason I make the Colorado Online Mortgage Lock recommendation is simple, by Wednesday investors will over react to the possiblity that rates will get worse based on Thrusday and Friday economic numbers and lonly bad economic news on Thrusday will bring them back in line.  If the economic news is good on Thursday rates will probably stay the same as Wednesday because the risk has already been priced into the Colorado Online Mortgage rate and if Friday brings the same type of news expect rates to increase again by Monday and Tuesday of next week.  In Short as your Colorado Online Mortgage provider my recommendation is to lock Tomorrow if you have a closing in the short term 2 weeks or so, to take any risk out of rates going up if not and you want to gamble then the risk may pay off, but I am telling my clients to be cautious of this as the first economic report of the week (New Home Sales) have already indicated that the economic news may be good hence increasing rates.  Call me if you have questions I babbled quite bit on todays Colorado Online Mortgage blog.  You can also check out my other blog site www.coloradohomemortgageloan.net.  Best of luck and God bless