Colorado Home Mortgage Banking

Colorado Online Mortgage Rates may have hit its bottom end for the week.  I have had a Colorado Online Mortgage lock recommendation in place all week and no matter when you locked this week your Colorado Online Mortgage rate should have been pretty good.  We have had a lock recommendation at 6.0% and that is exactly where we have been locking in our clients. 

A variety of economic reports come out today, but none of these reports are real market movers.  Consumer Sentiment, which came out today, is used to gain insight into possible future consumer spending. It is almost identical to consumer confidence but it has two readings per month, preliminary and final readings. The consumer expectations portion is used for the leading economic indicators index.  The data pulled from this report gives investors a good indication on consumer spending behavior.  Colorado Online Mortgage rates tend to do a little better when spending predictions are down.  Likewise Colorado Online Mortgage rates tend to go up when Consumer confidence is high.  The reason Colorado Online Mortgage rates are affected is that investors believe that if spending is high, Corporate profits should also be high.  When profits are high investors tend to invest more in equities (stocks), which decreases the money available for bonds.  The movement seen in Colorado Online Mortgage Rates greatly depends on how high or how low the demands for bonds are.  Today’s report came in near historic low levels, but not as low as expected.  Colorado Online Mortgage rates should have reacted negatively, but so far it appears that the bond market is holding its own.

Another Economic Report released today was the current Trade Balance figures.  This report does not impact Colorado Online Mortgage rates severely but investors do look at this report for potential investment decisions.  The volatility in the monthly trade balance can play an important role in forecasts of GDP. Net exports are a relatively volatile component of GDP, and the trade report provides early clues to the net export performance each quarter. There are many complex links between the Trade Balance and MBS markets, and some work in opposite directions, so the net effect is difficult to predict.  Because of these inverse relationships it becomes a good report to monitor.  I monitor this report to help predict future Colorado Online Mortgage Rate movement.  However over the last year or so I have not seen any major movement, and normally headlines take center stage over this report as it relates to Colorado Online Mortgage Rates.  The Trade Balance did not come in as poorly as expected so we should have seen a little bit of negative movement in the market for Colorado Online Mortgage Rates.

The Final piece of data comes from the Headlines as the Stock Market appears to be plummeting into its worse closing in 3 years.  Investors see this as a very negative sign and they tend to reinvest in safer investments like bonds.  Colorado Online Mortgage rates will have very positive reactions to this, and did so this morning.  However, over the last couple of hours we have seen a drastic negative movement in the bond market as well.  I am not seeing exactly why yet with the data sources I have, but can only assume that we are seeing major news leaking into the Market that has investors scared to invest.  Colorado Online Mortgage rates will come up a bit if this trend continues through today.  Fannie Mae and Freddie Mac are the biggest two mortgage companies in the U.S. and account for about 50% of the total mortgage business.  Over the last 24 hours major fears have hit the stock market that these companies may have to file for Bankruptcy protection.  This is probably the biggest influencer in the Colorado Online Mortgage market, and has been the reason for the drastic 500 point drop in stocks over the last 24 hours.  The Federal Reserve came out late yesterday to state that they would intervene and will not allow these companies to fold.  This is good news for investors, but because of the magnitude of influence these companies will have on the financial markets it is clear why so many investors are running scared.  This should be a really good thing for Colorado Online Mortgage rates, but since it deals with companies tied to bonds it is playing havoc on both markets. 

I still believe that Locking your rate today will be the best Colorado Online Mortgage decision you make.  If you LOCKED a few days ago and lost out on the 1/8^th of a point you might have saved on your Colorado Online Mortgage Rate, don’t be alarmed you still got in at the right time.  The writing is on the wall and locking would be a good idea.  Please check out my other site www.coloradohomemortgageloan.net/news for information about how Colorado Online Mortgage rates are established.  Until then have a great weekend and give us a chance to earn your businessJ

Daniel

Colorado Online Mortgage rate had no reaction to today’s stock market drops.  Normally when funds are taken out of equities it is reinvested in bonds.  When this happens Colorado Online Mortgage rates tend to get better.  Today we saw some slight improvements, but not enough to make any Colorado Online Mortgage rate changes.  Luckily Colorado Online Mortgage rates stopped its upward momentum which was seen in the market yesterday.  Because there was no economic data due to be released, Investors found themselves looking to the Headlines for information.  Our next economic data report will be consumer sentiment and based off of previous reports we expect this data to favor Colorado Online Mortgage rates.  So what did the Headlines report today?, and will it have any impacts on future Colorado Online Mortgage rates? 

The S&P saw a 3% decline in the market overall this week and today’s 220 point drop certainly did not help an already troubled market.  Normally Colorado Online Mortgage rates would have responded well, but the demand overall in both equities and bonds were very low.  Israel ran some simulated war maneuvers in anticipation for possible air strikes against Iranian nuclear power plants.  This caused investors trading in oil futures to drive the price of oil back up.  The price increases were due to fears that the Iranians could hinder oil supplies from getting out of the Middle East.  Markets tend to react irrationally when uncertainty presents itself on the trading floor.  Stability in the Middle East has always had its share of uncertainty, but the new developments in Israel added to investors concerns. 

Here are the following elements impacting the market; bad corporate profit reports, Financial Markets in complete disarray, and finally uncertainty in global politics.  We have the makings of a real inferno and investors are scared.  With this much instability going on, it’s hard to think that Colorado Online Mortgage rates will not improve.  Investors are attracted to safer investment like bonds during times of uncertainty.  Based on the current economic conditions, we are defiantly way over priced as it relates to Colorado Online Mortgage rates.  The reason we are not seeing improvements in our Colorado Online Mortgage rates is simple, inflation.  I know I have talked about this in several other postings, but it’s a powerful force and it must be talked about again and again. 

Fears about inflation will be the biggest driver of Colorado Online Mortgage rates, and unless investors see something that indicates inflation is not as bad as it is perceived to be, Colorado Online Mortgage rates will not improve to the point it should be.  Investors will be keeping a very close eye on any inflationary reports to gain real perspective on where current inflation is.  So far these reports have been on our side and again should have had a positive impact on Colorado Online Mortgage rates.  The proverbial boogie man seems to keep investors in the distance, and why shouldn’t investors be spooked when the Federal Reserve continues to tell Ghost stories.  One Federal Reserve member after another expressed concerns over inflation and utilized a media tactic to direct investor behavior which negatively impacted Colorado Online Mortgage rates.   Most of what was said should be a concern, but it may have been a little premature, especially since now it appears that the Federal Reserve will take no action in its future Federal Reserve Meeting.  I can’t begin to tell you what the solutions are to get us out of this damned if you do damned if you don’t type market, but I do have faith in the market and eventually the market will correct itself.  

Colorado Online Mortgage rates will improve again and our market will rebound to a point where investor can feel good about making aggressive financial decisions.  The market just needs time and I am projecting this correction in the market to take at least 12 – 18 months.  So hang in there and please give me a call about your Colorado Online Mortgage questions.  Have a great weekend.

Daniel

Colorado Online Mortgage rates have been getting some support with a variety of Economic Reports already released.  CPI which we talked about on Friday should have had some real positive reactions in the Colorado Online Mortgage Market.  Much of the Colorado Online Mortgage Rate increases were due to inflationary concern and our first real inflationary report of the month indicated better then expected inflationary numbers.  Producer Price Index will be the second inflationary report to be reported on this month and I am expecting similar results.  Colorado Online Mortgage Rates typically react to economic reports more then anything else, however when the Federal Reserve board speaks the market tends to react even more then the Economic Facts themselves.  That is the problem right now.  Exactly how many reports can come out before those inflationary fears go away is still up in the air.  Right now Colorado Online Mortgage Rates will continue to react to the fear versus the actual Economic data being released.  Until those fears are pushed away, you can expect Colorado Online Mortgage rates to continue to climb.

So how can we predict what will happen next and what steps you should take to protect your Colorado Online Mortgage program right now?  The answer requires you to understand a bit of what has already happened in the market and the likely hood of what is to come.  Basically speaking if we look at the historical trends that are tied to Colorado Online Mortgage rates, we can easily see that the up and down swings currently finding its way in the market, patterns itself in line with normal economic cycles.  We fall into the same patterns that we have been seeing for many, many years.  We have experienced these up swings before, just look at where Colorado Online Mortgage rates were in August of 2007.  Just because we are at a much higher point today, does not mean Colorado Online Mortgage rates will not find its way back down.  We are a society that reacts to the right now, and patience is a virtue that can pay off for you in the future.  You have to have faith in your Colorado Online Mortgage provider that they understand the trends going on and that they structure your Colorado Online Mortgage to a point that will yield you the best results today and in the future.  Right now is not the right time to over react we need to stay the course and figure out what the best Colorado Online Mortgage program will be for you.  When rates are as high as they are a temporary fix can help your Colorado Online Mortgage situation a great deal.  For example I can still get your Colorado Online Mortgage rate below 5.5%.  Call me about that and I will be happy to explain.

I got off on a little bit of a tangent and want to re-focus my attention to the Colorado Online Mortgage Market.  Over the last 3 or 4 business days, economic reports have indicated better then expected news for Colorado Online Mortgage rates.  Jobless Claims, CPI, Core CPI, Consumer Sentiment, and today Empire State Manufacturing Surveys have all displayed economic data that should have favored Colorado Online Mortgage rates.  Though these reports came in favorable to Colorado Online Mortgage rates, we still witnessed an overall increase in the Colorado Online Mortgage Rate market.  The increases seen in the Colorado Online Mortgage rate market despite the positive economic data, indicates how powerful our Federal Reserve really is.  The Federal Reserve can drastically move the Colorado Online Mortgage markets by carefully choosing the right topics to talk about in their speeches to the press.  Inflation continues to haunt us and will do so until investors fears go away, or GREED takes over. 

We forget that investors love making money and will overcome any fear they have as long as the risk/reward makes sense.  As Colorado Online Mortgage bond prices drop investors begin to take notice.  At a certain price point fear goes away and investors will buy Mortgage Backed Securities.  When the buying demand increases we will see Colorado Online Mortgage rates begin to drop again.  We will also see some of the fears associated with buying MBS dwindle, as more economic data indicators favor Colorado Online Mortgage bonds over high risk equity securities.  So when you really look at it, we have several indicators favoring a drop in Colorado Online Mortgage rates: 1. Historical data indicates we are at a high point and rates should start to fall again, 2. Economic data seem to indicate favorable movement with Colorado Online Mortgage rates, and finally 3.  Investors will take advantage of buying bonds that are selling as low as they are.  Ultimately investors trading in Mortgage Backed Securities are profit seekers and will always look for the short term profit opportunities.  The only thing currently working against Colorado Online Mortgage rates will be the fear of inflation.  We will need time to realize how bad or good inflation really is.  The facts don’t lie and investors will grow tired of seeing their peers making money in the Mortgage Backed Securities market while they stand by.  Inflation concerns are being reinforced by higher oil prices and are a good way to see why investors believe inflation will go up.  We must remember that prices are still dictated by demand and though one component appears to be pushing prices up, unless consumers are willing to spend (consumer sentiment at an all time low) price wont go up.  We have an abundance of people providing a supply of goods and services and most of them will see profit margins drop in order to see profits at all. 

This is a good explanation on what I think the Colorado Online Mortgage Rate market faces today.  We will have some people agree with what is said in this post and some people will not, but ultimately the future will play out the facts. In the mean time you should be working with someone who understands the Colorado Online Mortgage Market.  We will provide that service to you and will work hard to get you in the right Colorado Online Mortgage program today.  Don’t settle for anything less.  Call me for any other information you might need to make your next Colorado Online Mortgage decision.  God Bless.

As always don’t for get to go to www.coloradohomemortgageloan.net/news for some additional information.

Daniel

Colorado Online Mortgage rates take another hard hit today.  We are at our highest 30 year fixed Colorado Online Mortgage rate for 2008.  Historically speaking Colorado Online Mortgage rates are still good, but certainly not as good as they were 3 months ago.  So why are we facing all of these price increases to our Colorado Online Mortgage rates?  The answer is simple:  Inflation.  The fear of inflation is the biggest cause for movement in the Colorado Online Mortgage markets.  Investors holding on to long term bonds see the value of those bonds decrease as the value of on money decreases.  Colorado Online Mortgage rates are tied to a fixed rate income stream and anything impacting that income stream will cause Mortgage Backed Securities to drop in value.  Colorado Online Mortgage rates react inversely to the price of bonds, which is why Colorado Online Mortgage rates have gone up. 

Now what information do we have to show that inflation is on the rise?  Consumer Price Index and Producer Price Index are both leading economic reports showing inflationary pressure.  Both reports have major impacts on Colorado Online Mortgage rates, but interestingly enough, both reports came in better then expected for the month of May.  So why does inflation appear to be a problem?  More importantly why is it impacting Colorado Online Mortgage rates?  Well another big mover of Colorado Online Mortgage rates come from information released by the Federal Reserve.  When the Federal Reserve speaks investors listen very closely.  So closely in fact that they tend to read into things that may or may not have been the intent of those releasing the information.  Colorado Online Mortgage rates tend to jump up when Federal Reserve members begin to talk about inflation. 

Richard Fisher the Federal Reserve board member representing the Southern States spoke to the media earlier today.  Mr. Fisher expressed great concern about inflation stating that Americans should be wary of “stirring the embers of inflation.”  Colorado Online Mortgage rates jumped quickly on fears that inflationary numbers will appear higher in the months to come.  Another major fact on inflation comes in oil prices.  This is something we can see now and it is right in front of us.  The cost of shipping increases when oil prices are high.  When Shipping costs go up so do prices, which is what inflation is.  It’s hard to know exactly what will happen in the months to come as it relates to Colorado Online Mortgage rates.  It appears that there is a struggle between bad economic data, which is good for Colorado Online Mortgage rates and inflationary concerns which is bad for Colorado Online Mortgage rates.  Depending on what investors are motivated by, will dictate what direction Colorado Online Mortgage rates will go.

Colorado Online Mortgage rates were also impacted by new home sales which was the only official economic report released today.  The numbers came in far better then expected which created even more momentum as it relates to the increases seen in Colorado Online Mortgage rates today.  Finally we are seeing signs of an economic Term not used since the Reagan administration: “Stagflation” A real problem and an obvious answer to what is going on today.  You can read more about this at www.coloradohomemortgageloan.net/news.  You may find that to be an interesting read.

The final analysis for the day will be whether to Lock or Float.  It’s hard to recommend Floating when Colorado Online Mortgage rates continue to rise.  It’s even harder when there are no obvious signs that Colorado Online Mortgage rates will stop rising.  However if you are looking at the long term picture FLOATING makes sense.  If you are closing in 15 days or greater then FLOATING may pay off.  Most investors have hedged a considerable amount in the pricing for a 30 year fixed Colorado Online Mortgage rate.  They may be a bit too cautious and in return Colorado Online Mortgage rates are worse then they should be.  Colorado Online Mortgage rates have room to drop but we may not see any drops soon.  Especially, if Bernanke speech tonight reaffirms Fishers concerns on inflation.  Fisher is known to fear inflation and to have that as his primary focus, but if the big man on the board begins to sing the same tune, we will see Colorado Online Mortgage rates go up even further.  If you can LOCK a 30 year Colorado Online Mortgage rate for 6.0% then go ahead and LOCK.  I am moving my new LOCK recommendation to 6.0% and will push my clients to LOCK in at that Colorado Online Mortgage rate.  I expect that we will gain some of the lost ground for Colorado Online Mortgage rates over then next few weeks, but for now Inflation continues to be the hot topic which is bad for Colorado Online Mortgage rates. 

If you have questions or need any help with your Colorado Online Mortgage please give me a call directly.

Daniel  

Colorado Online Mortgage rates jumped up over the weekend.  Investors used a sell strategy in the bond market to capitalize on short term profits.  Bonds hit a low point last Monday and Tuesday which sparked a buying frenzy in the Colorado Online Mortgage market.  Those investors that bought early last week were looking to cash in this week and began selling over the weekend as a result. 

Colorado Online Mortgage rates should have seen very little movement due to economic reports released today.  You can find out the specifics on these reports at www.coloradohomemortgageloan.net/news Here we will stick to the basics.  New Home Sales for April came in a bit higher then expected, but not enough to affect Colorado Online Mortgage Rates.  The better then expected numbers did spark some experts to cry out recovery, but I still believe we have a long way to go.  On a good note, for those that believe that home prices are dropping, the median home value actually increased 1.1% from last year.  It just goes to show you that the media will only report what is going wrong in the home market rather then reporting all the information.  This leads me to our last economic report Consumer Confidence.  Colorado Online Mortgage rates will certainly be impacted on peoples perceptions of what is going on in our economy and right now people are just down right down.  Confidence numbers came in at a 16 year low and appears to be dropping lower and lower every time the report comes out.  Colorado Online Mortgage rates should have improved based on the information but that did not take place today.

Colorado Online Mortgage rates were instead impacted by profit seekers.  These profit seekers went on a selling spree which started on Saturday and continued through the weekend.  At this point Colorado Online Mortgage rates were impacted by simple economics.  Supply and Demand were the key components in the market today.  Demand was low and supply was high.  This required bond prices to drop until the demand increased enough to spark activity.  When bond prices drop Colorado Online Mortgage rates will go up.  Our recommendation for the moment is too FLOAT.  We believe that the profit takers in the market may have undervalued the market a bit which means we may have room for recovery by the end of the week.

Colorado Online Mortgage rates should see some heavy activity in the next two day.  Durable goods and Preliminary GDP will be announced on Wednesday and Thursday respectively.  These reports are major movers in the economy and if for any reason you believe the market is improving then LOCKING should be your only decision.  Colorado Online Mortgage rates will certainly suffer if these reports come in better then expected.  The experts have low expectations predicted on these reports making it difficult to assess whether the reports will be better or worse the current consensus. Regardless the data will be bad its just how bad it will be will create the driving force for Colorado Online Mortgage rates.  I am still recommending my clients to FLOAT simply because the economic forecast so far have indicated poor performing data.  However I am running about 85% in my forecasts and I could be wrong.  Those that want to take the uncertainty out of the market should lock immediately; those of you who want to ride it out, should wait until Friday before locking.  The wait could pay off about .25% better then the current 6.0% Colorado Online Mortgage rates currently being offered.    

Please feel free to call me with your Colorado Online Mortgage questions.  I hope that your 3 day weekend went well and I look forward to servicing you in the near future.

Daniel     

Colorado Online Mortgage rates today have lost some ground from yesterdays improvements.  The primary reason for the increases appears to be the lack of volume currently seen in the Mortgage Backed Securities market.  I am sure that the Market is waiting for the Federal Open Market Committees Aprils meeting notes to be release in order to gauge future Federal Reserve action.  The Federal Reserve controls monetary policy in the United States, and with that control, they influence the flow of cash in our economy.  The accessibility of funds in the economy creates fluctuations in interest rates and it is for this reason, that the bond markets focus so much on what is said in these meetings.  Colorado Online Mortgage rates will see some of the gains realized over the last two days dissipate if the Federal Reserve makes any mention of inflationary issues.  The last Federal Reserve meeting notes that were released kept a very cautious eye on how it addresses inflation, so that the market did not overreact.  Well the last two inflationary reports sent some mixed signals.  Immediately after the reports were released it became obvious that the Mortgage Backed Securities markets position on inflation was that the economies inflation numbers appeared to be under control.  So the pricing currently felt in the bond market reflects better then expected inflationary numbers.  Colorado Online Mortgage rates benefited from this approach.  The concern today will be whether or not the Federal Open Market Committee puts any negative spins on the status of inflation.  If the FOMC meeting notes indicate concerns for inflation we will see Colorado Online Mortgage rates increase today.  So far it appears that early morning trading may be a preview of what investors are already afraid of and that is increased inflationary concern.

The Federal Open Market Committee has had board members express concerns over the last couple of weeks about the state of the economy.  They are issuing warnings about the length of time our economy will continue to witness the tough economic situation that has found its way into our Country.  Colorado Online Mortgage rates will do well as long as our economy faces the issues currently in place.  This may be a great time to restructure your current financial position to help lower your monthly payment obligations.  Colorado Online Mortgage rates are still hovering around the 5.75% range and LOCKING would be a good idea.  I have said many times before anything below 6.0% is a good Colorado Online Mortgage rate and should be considered closely.  It’s hard to say when the economy will be in its recovery phase and weather or not we are currently experiencing a recession.  What can be said is that when we face tough economic times we do experience relief in the cost of funds.  This will translates to better Colorado Online Mortgage rates. 

We have only one major economic report being released today which is the FOMC minutes from April 29^th meeting.  It will be what was said and where the focus will be over the next 6 months by the Federal Reserve, that will be market movers today.  Go to www.coloradohomemortgageloan.net/news to get the detail explanation on these economic reports.  Another report being released today will be Canada’s inflationary report which should be monitored simply for the global inflationary trends.  Canada releases several reports that are similar to U.S. economic indicators.  Canada’s CPI report due out any minute will give us an inside look on what may be in store on our next inflationary report. 

Colorado Online Mortgage rates are still good enough to implement a LOCK recommendation for today.  You should be able to lock in at 5.75% and if you are willing to pay the cost 5.5% will be available.  Most of my pipeline has been locked already and those of you who are not locked should be getting a call from me today.  Please give me a call with any of your Colorado Online Mortgage questions, and have a great day.

Daniel

Colorado Online Mortgage rates found some good things happening in the market today.  The Economic data released earlier in the morning opened the door for some additional drops to an already low Colorado Online Mortgage rate.  Housing starts did not come in any different then what I had expected which was slightly higher then what the consensus was.  The big news of the day came from the consumer sentiment reading which showed that consumers today are far more concerned about where the economy is headed then ever before.  Consumer Sentiment came in at a 24 year low, it’s hard to put your hands around it, but we are actually hitting numbers close to what we may have seen around the great depression time periods.  People have very little faith and investors are beginning to listen.  Colorado Online Mortgage rates always do better during difficult economic times. 

Today I have implemented a strong Lock recommendation for all Colorado Online Mortgage rates.  The recommendation came in early today and continued as Colorado Online Mortgage rates finally came back in line.  I was able to lock another 6 loans at or under 5.75%, depending on what these clients were looking for.  If you had a loan in the pipeline odds are you are now locked into a rate you can live with.  We have also seen the re-introduction of the Colorado Online Mortgage ARM product which is being offered at an extremely low rate.  4.875% can be your 5 year fixed Colorado Online Mortgage rate if you choose to have it.  The Product does adjust after the 5 years, but we have had many people lock in to capitalize on this unique offer.  Colorado Online Mortgage rates should continue to see some good things happening, especially if the inflationary reports due out on Tuesday come in below expectations.  It appears that the investors may be gearing up for another heavy volume summer especially if they continue to offer the 5 year fixed rate below 5%.  We have not seen this type excitement in Colorado Online Mortgage rates since the refinance boom of 2001-2003. 

After a great Colorado Online Mortgage rate start, the market did drop a bit late this afternoon.  This could be in reference to Profit Seekers in the Mortgage Backed Securities market.  These terms and any other term related to economic reporting can be found at www.Coloradohomemortgageloan.net We are trying to keep thing simple here.  The live Mortgage Backed Securities market feed showed a late day increase in Colorado Online Mortgage rates and if you still have the ability to lock at or under 5.75% then my recommendation is to do just that.  Investors may get a little concerned about Core PPI which will be released on Tuesday.  If the Data comes in indicating inflationary pressures you can count on bond prices to drop down from where they are at now.  If this happens Colorado Online Mortgage rates will go up.   Please take a minute and look at my other site to get some of the details about the reports coming out next week.  Take some time today and lock in your loan if you can.  5.75% should not carry any costs and will put you in a good Colorado Online Mortgage rate.  Best of Luck and call me with your Colorado Online Mortgage rate.

So far we have seen a lot of activity in the mortgage backed securities market, but we have not seen Colorado Online Mortgage rates move from yesterdays closing bell.  The market continues to focus on headline news and so far it appears that the news is light.  A couple members of the Federal Reserve did moan and grown about inflation, but so far it has not caused Colorado Online Mortgage rates to go up.  Inflation will be a hot topic for some time, especially as oil continues to rise.  I am seeing reports online that have indicated that the oil reserves may not be where they thought they would be, which will certainly increase the cost of oil.  Fear of supply always translates to higher prices.  Colorado Online Mortgage rates will take hits as long as oil continues to rise. 

I will not go into a long drawn out discussion on my belief’s as it relates to oil, but think about this; If Oil companies are currently setting record breaking profitability quarter after quarter, eventually that profitability has to slow down.  Well one way to continue the profitability increasing is to create fear about supply issues.   I wonder who is pushing these reports and how accurate they really are.  It is truly a monopoly and we are at their mercy:-(  Colorado Online Mortgage rates are not the only thing impacted by these companies our economy as a whole feels the pain.  Politicians are taking notice, but no one is taking action.  Anyways I can go on and on, but the fact of the matter is that we have a real problem in store as it relates to inflation, and that problem originates from oil.

Colorado Online Mortgage rates are seeing small improvements from a variety of smaller economic reports being released today.  Productivity appears to be high, but inflationary pressure related to Non-Farming industries appears to be lower then initially expected.  Taking out the cost of fuel from the inflationary data inflation appears to be trending considerably lower then expected.  Americans are just not spending at the same rates the once were.  Colorado Online Mortgage rates appeared to be trending in safer waters, but not enough to change the rate below the current 5.875% figure being reported.  Pending Home sales index also registered another decrease in Home sales.  It appears that the negative sales growth in Home sales has not slowed down yet.  This also tends to be good news for Mortgage Backed Securities, and home sales did came in line with investor projections.

I don’t expect a lot of activity that will change Colorado Online Mortgages rates for the better or for the worse today.  I will keep my Lock recommendation at 5.75%, and today that LOCK does carry a bit of a cost.  5.875% does appear to be the going rate for our 30 year fixed rate programs with no points.  I will keep you posted on some additional economic information tomorrow, especially since we do have the Jobless claims report coming out.  Jobless Claims will make Colorado Online Mortgage rates move in one direction or the other depending on how the data comes out.  In the mean time call me with any of your Colorado Online Mortgage questions.  When you have time find out more about the economic reports being released today and how they impact Colorado Online Mortgage rates at www.coloradohomemortgageloan.net/news  

Daniel

Some very unexpected news in relation to employment numbers hit the market first thing this morning.  As a result Colorado Online Mortgage Rates hit this weeks peak.  We saw a glimmer of hope on Wednesday and again Thursday morning when Colorado Online Mortgage Rates dropped, but much of the rate reductions given on these two days been now been loss due to better then expected economic data.  Thursday afternoon and now Friday had several reports come in better then expected.  Nothing more damaging then the Non-farm Payroll numbers which reported almost 3 times higher then expected.  This came out of no where and it has caused Colorado Online Mortgage Rates to increase about .25%.  We are now looking at rates in the 5.875% range for those thinking about locking your Colorado Online Mortgage Rate.  Our recommendation at this point is an easy one and that is to FLOAT. 

The Non-Farm payroll Employment report looks at employment figures for all business sectors accept agricultural.  This report comprises the biggest employment sector in our economy and is a good measure of economic stability.  Colorado Online Mortgage rates will certainly react to the data being released.  Investors will typically buy Mortgage Backed Securities when economic data signals are weak, but when they come out strong like they did today, investors are more likely to sell.  The selling of Mortgage Backed Securities will cause Colorado Online Mortgage rates to go up.  The problem with this report, and the part I don’t like, is that it can be adjusted at a later date.  So numbers being reported may adjust up or down depending on what the actual data comes in at.  Several survey firms gathering preliminary numbers showed a significant difference in the data that was expected versus the actual employment numbers released today.  This leads me to speculate on future adjustments.  Regardless investors take each economic report as it is written and the Colorado Online Mortgage Market reacts accordingly. 

Luckily we have some light reporting next week, which means that the Headlines will dominate most of the movement for Colorado Online Mortgage Rates.  Though the reporting will be light,  We do have a couple of reports coming out that will impact Colorado Online Mortgage Rates. Two reports to keep an eye on, one on Monday ISM Service report and one on Friday, Jobless Claims.  Monday we will have the ISM Sector report.  This report does give us an indication of inflationary pressures in the service sector.  The Federal Reserve tends to keep a close eye on this report and you can bet that the Colorado Online Mortgage market will watch it too.  Remember inflationary numbers are bad for Colorado Online Mortgage Rates.  So we are hoping to see this months ISM report come in as expected.  Finally Jobless claims have been reporting poorly for two months and it is projected to come in low again.  If this happens we should see rates improve again.  Stay tuned and have a great weekend.  Call me with your Colorado Online Mortgage Rate questions. 

Quick note I just logged into the market and it appears that we are beginning to recover some of the losses felt earlier today, we actually made back everything lost so far this morning.  That is good news going into the weekend:-)

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.