Colorado Home Mortgage Banking

Looking at the Colorado Online Mortgage rate sheets being released today, it has become clear that Locking today would be locking at a high point.  Colorado Online Mortgage rates are at a 4 week high and today’s Stock market activity has not helped at all.  You can find out more about that at www.coloradomortgagebanking.com/news for now we will focus on what is in store on the economic calender.  The Mortgage Backed Securities market will be at full alert come April 30th when the Federal Reserve meets and the Gross Domestic Product reports.  These two events will certainly drive Colorado Online Mortgage rates in one direction or another.  Until then the Economic Calender appears to be short on reports.  The only other real market moving report to be released before then will be the Durable Goods report due out on April 24th.  Colorado Online Mortgage Rates will be heavily influenced by information coming out of the stock market over the next few days.  So far the Stock market has released a variety of Corporate Profit reports that have shown to be hurtful to the bond market.  The news has also contributed to the increases being felt on Colorado Online Mortgage rates.  Looking at investor released rate sheets this morning it is clear to me that they are not pricing their Colorado Online Mortgage programs for people to lock today.  This could be due to the uncertainty in the market, but it also has to do with the number of loans they have locked in place already.  They have projected a light volume day and their Colorado Online Mortgage Pricing shows that.  Rates started a bit higher today then they should have based on the market yesterday, however if the market has another late day rebound,  pricing should improve later today.  In the mean time I will Continue to recommend FLOATING.  I make that recommendation with caution.  We are entering into a time that is tough to predict what investors will do.   The normal predictability that takes place based on economic data has not shown itself in the market.  I believe that this gives us a much bigger window of improvement, but in the past when this has happened, Colorado Online Mortgage Rates jumped about .75% before relief was felt.  Though Colorado Online Mortgage rates did drop again, people who were closing during that 4 week window faced some tough decisions on where their rate finally finished off at.  If next weeks durable goods report send Colorado Online Mortgage rates up,April will be a tough month as it relates to Colorado Online Mortgage rates.  Stay tunedand call me with questions.

The questions investors are asking themselves over the next few days will be whether to invest in Stocks or Bonds.  When the Stock market looks to be a better investment money will be pulled out of bonds and into stocks.  Likewise, when bonds look better investors will pull from stocks and invest into bonds.  Colorado Online Mortgage rates will rise and fall based on the volume demanded from the Mortgage Backed Securities market.  So far Colorado Online Mortgage rates have dipped a bit on positive corporate earning reported by CAT and Honeywell.  Both companies represent large industrial and manufacturing sectors in the market and both indicating higher then expected profit margins.  Investors quickly took the news and pulled money out of the Mortgage Backed Securities market and began investing in the Stock Market.  Colorado Online Mortgage rates will see slight increases today as a result.  CitiGroup reported a 5.1 Billion dollar loss in the 1Q but that too was seen as a positive sign in the market.  So far the S & P has gained about 200 points and there are no signs of this slowing down.  Report after report on corporate profits appear to be in line with expectations and the market looks as if we have the beginings of a recovery in place.  Who knows maybe I will be a believer soon, but right now it still is not enough.  Corporate profits though regulated heavily now are still reported from the companies prospective and the economic indicators are still signalling tough times ahead.  Colorado Online Mortgage rates however will be impacted daily on what the market releases.  This also means that if things get re-reported later or something drastic changes the current market sentiment felt between investors, Colorado Online Mortgage rates will not see those changes until it actually happens.  We are still at a 5 week high on interest rates.  This has me concerned that the end may not be in sight soon, based on what the market has been doing this week:-(  It will take some bad economic data to move Colorado Online Mortgage rates down and if Citi group reporting a 5.1 Billion dollar 1Q loss has investors excited nothing I can say will change what direction Colorado Online Mortgage rates will go.  I will stay the course and say FLOATING remains my recommendation, but the last time I saw this type of trend happen we had 3 1/2 weeks of Colorado Online Mortgage rate increases and the overall rates jumped up about .75% during this time.  My gut still says rates will improve, but the signs are say we may have a long way to go before that happens.  LOCKING will be up to you, and it may be a good choice if you are closing in the next two weeks.  If you are a risk taker and rates do indeed drop again in the next 3 to 4 weeks then Floating will be your option.  I would probably monitor things very closely next week, the real story will be told 4/30  when GDP is reported and the Federal Reserve Meets.  We will see a small preview on 4/24 when the Durable Goods report is released.  The Durable Goods report may be the exact time when things start to fall into place.  If the report sends Colorado Online Mortgage rates up we will probably be in for a tough couple of weeks.  Good luck and call me if you have questions.

The last couple of days have been ugly for those trying to lock their Colorado Home Loan.  We saw Colorado Home Loan rates increase about .375% - .500% depending on the lender in just two days.  If you look at the previous couple days blogs you will see why rates increased, but I will also give you a quick recap.  Inflation will always play havoc on Colorado Home Loan rates.  After the Producer Price Index report came out on Tuesday, investors began to sell off their Mortgage Backed Securities in great numbers.  The supply obviously reduced the price, which in return increased Colorado Home Loan rates.  On Wednesday the Consumer Price Index came out and it read as expected.  Normally this would be good news for Mortgage Backed Securities, but news in the stock market created another sell off of Mortgage Backed Securities.  Reports of several key companies indicating better then expected Profit earnings, sent hope of economic recovery.  This allowed investor the confidence needed to invest in the stock market and in return funnelled monies out of the Mortgage Backed Securities Market.  Due to this Colorado Home Loan rates again loss some ground yesterday.  Today we have had three economic reports come out.  These reports in themselves are not market movers, but together will have impacts on the market.  Jobless Claims, Leading Indicators, and Philadelphia Fed Index all came in at or below expectations.  The numbers show that we still have some major work to do to get out of the current economic down turn and should start seeing rates improve again.  Its scary how quickly rates can move up, but over the last year we have seen much of the rate increases drop back down over time.  The key is to lock in at the right time.  I always say that 5.5% is the bench mark Colorado Home Loan rate to lock and so far that philosophy has done well for clients locking at that rate.  FLOAT remains my recommendations and hopefully over the next few days rates will start coming back in line.  Today the Mortgage Backed Securities market appears to be flat probably recovering from the selling frenzy that took place over the last couple of days.  A Flat market is a good market because the bleeding has stop at least for now.  We may see a small dip before we see a recovery, mainly due to volumn in the market.  Light volumn typically drops pricing in the Mortgage Backed Securities market.  Colorado Home Loan rates will begin its recovery as soon as we have any reports stimulating volumn in the market again.  We had a couple of good days for the stock market, but we are not out of the woods when if comes to negative economic reports and the moment that information hits the market again will be the moment we see Colorado Home Loan rates drop.   We have very light reporting on economic indicators over the next 2 weeks.  April 30th will be a big day for Colorado Home Loan rates so we will need to keep a close eye on what reports will be released.  For now unless we have big positive news for the stock market things should start recovering.  A good way to monitor what Colorado Home Loan rates are doing is to see whether the stock market is up or down.  Odds are if stocks are down Interest rates are down.  If stocks are up the interest rates will be up as well.  With very little economic news to report the biggest driver will be the stock market.  Colorado Home Loan rate recommendation remains as FLOAT. Call me anytime if you have questions, until then best of luck and God Bless.

Daniel

Colorado Home Loan Rates have been repriced by several lenders for the worse.  The Reprice is in direct relation to the stock market increases.  Looks like the bulls are winning for now.  Don’t be to alarmed normally when the buying frenzy stops Mortgage Backed Securities increase.  Colorado Home Loan rates should get better by the end of the week.  Today we have some scary things showing up in the Colorado Home Loan rate market, but most of the increases in rates are due to volume being pushed into the stock market.  Stay tuned for additional Colorado Home Loan rate news….

The last 4 or 5 days have kept me on edge in anticipation of what was to be reported in the inflationary numbers category. Colorado Home Mortgage Loan rates have reacted negatively so far.  Investors tend to over react mainly to avoid holding on to the short end of the stick if the data comes in unfavorable to what ever position they have taken in the market.  Consumer Price Index reported this morning and the reports were right in line with expectation.  Though many investors consider the data to be unfavorable the data was already priced into the market.  We should see some rebounding in the Mortgage Backed Securities market over the next day or so.  Colorado Mortgage Loan rates should make up some of the losses felt yesterday, however we probably will not recover all the losses until sometime early next week.  We will need a couple more economic reports to come in with negative economic forecasts for that to happen.  Colorado Home Mortgage Loan rates should see about .125% to .25% improvement in rates by the end of the week.  This should make FLOATING a good risk.  Stay tunned and see if the market has any pricing alerts.  Until then Call me with any questions.  Finally the industrial numbers came in and the reports did indicate that we expereinced a mild amount of growth which is off from investor predictions. Normally this would be bad news for Colorado Home Mortgage Loan rates, but we also had the housing starts report come in and that came in at a 17 year low.  All in all we had a number of reports impacting Colorado Home Mortgage Loan rates however the trend is showing improvements for today which will hopefully carry us through the end of the week. 

I did take another quick glance at the Mortgage Backed Securities markets and so far today interest rates are remaining flat, however this may be due to the stock market increases seen so far.  Nothing in the reports show anything that should put up any concerns, but as usual stay tuned.  God Bless:-)  

Daniel

It will be an interesting day in the Mortgage Backed Securities Market.  Colorado Home Mortgage rates will certainly go up today.  The question will be how much will they go up? and What should we expect from tomorrows inflationary reports?  If you take look at the numbers, Core PPI came in right as expected which is producers costs excluding the volatile Food and Energy component.  This by itself would have actually been good for Colorado Home Mortgage rates.  The negative influence right now in the Mortgage Backed Securities market comes from PPI numbers that have food and energy included.  It is no surprise that this came in negative.  The problem is that it came in much higher then expected sending  negative inflationary signs though the market.  Colorado Home Mortgage rates will certainly go up.  This will be a tough week for those that don’t understand to forces that move the market.  People may want to LOCK in fear that rates will not stop going up.  Today will more then likely be a preview of whats to come for tomorrow.  It will be a tough couple of days.  I am still recommending a FLOAT at this point.  It is a risk, but Colorado Home Mortgage rates this week may have you locking at a high point and that is never my intention for anyone.  Remember that 1/2% on a $200,000 loan translates to about $75 more a month and that is what you will be putting on the line if you Float your Colorado Home Mortgage rate and you end up locking at a higher rate.  At this point rates should go down again when reports start showing what the economy is doing as a whole.  Inflation was expected to be higher today, but the light at the end of the tunnel through all this was that inflation appeared to be right in line if you exclude energy.  I believe that rates should drop again towards the end of the week, but stay tuned and if you need to lock let me know and I will get you locked in.  Have a great day.

Colorado Home Mortgage Loan alert issued.  Mortgage Backed Securities are loosing ground today, more then likely do to anticipated inflation reports.  Colorado Home Mortgage Loan rates are worse by about .25%.  This will likely be regained if CPI and PPI numbers come in line tomorrow and Wednesday.  Our first report is do out tomorrow Producers Price index should it come in as expected will allow us to gain the ground lost in the Colorado Home Mortgage Loan market today.

Retail sales numbers were released today and for the moment it appears that it has not impacted Colorado Home Mortgage rates for today.  The Retail Sales Index measures the total receipts of retail and food sales. Retail sales include durable and non-durable merchandise sold and services and taxes incidental to the sale of merchandise. Sales are often viewed ex-autos, as auto sales can move sharply from month-to-month. It is also important to keep an eye on the gas and food components, where changes in sales are often a result of price changes rather than shifting consumer demand.  So how does this impact Mortgage Backed Securities, and more importantly Colorado Home Mortgage Rates?  Simple, if and when the economy reports negative news, Colorado Home Mortgage Rates drop and Mortgage Backed Securities increases. 

Looking at the Market so far today Colorado Home Mortgage Rates have moved up and down slightly over the last two hours, but have not made any major movements.  In fact Colorado Home Mortgage Rates should have started the day a little better because of where the market closed on Friday.  The real show stopper this week will be the two inflationary reports due out Tuesday and Wednesday.  This report will report on what inflation rates were for the month of March.  Its hard to give an unbiased opinion on what I think the inflationary numbers will be, because I have been reading nothing but negative press on what experts expect.  Colorado Home Mortgage rates will most definitely be impacted one way or another in the next two days, the question is which way?  I believe that inflation will report right in line with expectations.  This will be influenced heavily by the cost of energy.  If you are a risk taker FLOATING will pay off, if you just want to sleep well tonight, then LOCKING will be recommended today.  I am implementing a high risk FLOAT recommendation.  Colorado Home Mortgage Rates will see some nice improvements if and when inflationary numbers report in line.  Now keep in mind we have two inflation reports to be concerned about this week and even if the numbers come in good for Colorado Home Mortgage rates tomorrow, the market will not react until Wednesdays reports.  If you want to know the rational for why I believe inflationary numbers will report in line with expectations read my blog on inflation posted a few days ago.  Colorado Home Mortgage rates should remain in line today in anticipation of whats to come.  I will keep you posted.  God bless and have a wonderful day:-)

I guess my philosophy on never locking on a Friday has been pushed right out the Door.  Colorado Home Mortgage Loan rates should see improvements today signalling the third straight Friday LOCK recommendation.  Just when I think I have everything figured out I am reminded that like everyone else in the market I am reactive.  Consumer Sentiment is a measurement used to monitor consumers feelings on how the economy is moving.  A low Sentiment indicates fear and concern about the current economic situation.  When Consumer Sentiment is high the exact opposite is felt.  What does this mean for investors? How does this impact Colorado Home Mortgage Loan rates?  Simple, when people feel the economy is moving in the right direction they are less likely to save and more likely to spend.  Investors tend to move funds out of safe investments like Mortgage Backed Securities and into high risk investments.  The opposite is true when Consumer Sentiment is low.  Low Consumer Sentiment drives up the demand for Mortgage Backed Securities and in return drives up the price.  The inverse relationship between interest rates and prices can only mean Colorado Home Mortgage Loan rates will drop.  I am implementing a LOCK recommendation for today, especially if we have a price ALERT for the better later this afternoon.  Next week may be a tough week for rates.  We have a variety of inflationary reports coming out and I have stated many times before that inflation news tends to be the biggest mover for Colorado Home Mortgage Loan rates.  The preliminary reports so far indicate that we have inflationary pressures, but that should not be a surprise.  We will probably see some increases in pricing come Monday just out of anticipation of Tuesday and Wednesday inflationary reports.  If you are a risk taker and believe that the numbers will be as expected or lower, then you will see rates drop nicely by Thursday.  If not the increases seen in Colorado Home Mortgage Loan rates next week will be out right uncomfortable.  I will go out on my own and make a risky prediction, I believe inflation will be in line with expectations.  The reason why I believe this (Remember it is simply my opinion) is that much of the inflationary numbers being calculated comes from energy prices and that alone does have some negative impacts, however, with the economy moving as slow as it has overall pricing has not increased.  Heck what are homes doing (different indicator but you get the point)  People drive prices up through demand and right now with Consumer Sentiment as low as it is do you think people are buying or saving for a rainy day.  If people are saving then demand is low and if demand is low what happens to prices????  I will still leave the LOCK recommendation in place today on Colorado Home Mortgage Loans, but if you want to let it ride next week may prove to be a good week.   

Colorado Home Loan rates dropped slightly yesterday afternoon as Corporate profits began to come in lower then expected.  Was this Shocking news for investors?, not really.  Corporate Profits were expected to come in lower then projected.  So why are we not seeing the movement in Colorado Home Loan rates normally attributed to these types of market conditions.  Simply put investors don’t have a clue on how to react to this market.  Investors have experienced this market before in 2002 and 2003.  So why the confusion?  I believe the deer in the head lights approach currently being used in the market comes from the whipping investors have had in the last 6 months.  Investors have moved in and out of the stock market at the worst possible times causing their clients to raise serious confidence issues in the portfolios these investors are handling.  Now I know you will have someone out there that is a financial planner that will claim left and right about how good their portfolio’s are doing.  OK I will give that Financial Planner the benefit of the doubt.  However most investors have lost big over the last 6 months, and this comes at a time when the market overall has not dropped that much.  What this means is investors are getting it wrong and they have been beat down enough.  Currently we are seeing lenders react in a similar way.  Colorado Home Loan Rates SHOULD be better today then they are.  Rates in the Mortgage Backed Securities market indicate that Colorado home loan rates from our lenders should be lower, but they just are not.  The spread between the 10 year bond and the 30 year bond is at a point that should have Colorado Home loan rates posting a better rate today as well, and that is just not the case.  So what the HECK is going on.  Investors are just sitting back and waiting to see what happens.  This is a sign for any prospects looking for a Colorado Home Loan that a broker will be a better resource to you.  The reason a Colorado Home Loan broker will be a better resource to you is the flexibility to choose between a number of Colorado Home Loan lenders.  Someone out there will figure it out soon, and we are already seeing some larger interest rate spreads between a number of Colorado Home Loan lenders.  Having the flexibility to choose our lenders gives you the flexibility to get the best Colorado Home Loan rate being offered in the market.  With all that said, Rates will probably trend a little higher today.  The Colorado Home Loan rate increase will be driven by the over supply of bonds.  FLOATING remains in effect, and as soon as lenders figures out that the economy has some major obstacles to overcome, the sooner rates will drop again.  I am forecasting a slight drop in rates by early next week.  We put a lock recommendation last Friday and if you locked then, you made out pretty well, if not stay tuned.  I believe we will get back to some of those Friday lows by Wednesday or Thursday next week.  God Bless and call me anytime:-)  I will post a new posting on www.Coloradohomemortgageloan.net around 2pm this afternoon. 

Daniel