Colorado Home Mortgage Banking

Colorado Home Loan rates have not moved at all today.  We had GDP and PMI reported earlier today and both reports made very little impact up or down for Colorado Home Loan rates.  These reports did come in slightly above expectations, but it was close enough to say expectations were met.  Normally this would have a negative impact on Colorado Home Loan rates, but so far the impacts have not been felt in the Mortgage Backed Securities Market.  We are now waiting in anticipation for what the Federal Open Market Committee has to say.  We are all hoping that they do not make any comments about inflation.  Inflation talk will certainly be bad for rates.  We do have a large number of other economic reports coming out over the next couple of days and we are hoping that the data will be good for Colorado Home Loan rates.    Currently Colorado Home Loan Rates are still trending at that 5.875% - 5.75% depending on which investor and at what cost.  If the FOMC reports as expected and don’t do anything unexpected we believe that Colorado Home Loan rates will begin to see some improvements.  I will be out for lunch when the FOMC finally reports and will give you a quick recap later today.  In the mean time we are still recommending a FLOAT on your Colorado Home Loan rate, but we are heading into the eye of the storm and will be in for a bumpy ride if the information released later today does not come in as expected. 

Tags: Colorado home loan, Rates

This entry was posted on Wednesday, April 30th, 2008 at 9:27 am and is filed under Colorado home loan. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.