Colorado Home Mortgage Banking

Two economic reports being released today will have impacts on Colorado home mortgage loan rates.  ISM which reports manufacturing numbers did come in higher then expected.  This report will have a slightly negative impact on the Mortgaged Back Securities market today.  Though the ISM report will be negative for Colorado home mortgage loan rates, the Jobless Claims Report will prove to be the market mover today.  The Jobless Claims Report came in much higher then expected, which will be very damaging news for the economy.  This will translate to a positive movement in the Mortgage Backed Securities market and interest rate improvements should be posted by the end of the day.  We had two reports coming in and both reports are market movers, but the Jobless Claims report carries a much higher impact on market movement.  Colorado home mortgage loan rates should see slight improvements throughout the day.  These improvement would have been greater if the ISM report came in negative, but that just was not the case.  Colorado home mortgage loan rates will move down and .125% change for the better is not unrealistic.  We will maintain a FLOAT recommendation for now, and will update you on any market changes.  At this point you should be safe on the FLOAT recommendation until tomorrow.  Have a great day and keep checking in I will update on any price alerts that take place.

Tags: Colorado home mortgage loan, Home Mortgage, Rates

This entry was posted on Thursday, April 3rd, 2008 at 7:41 am and is filed under Colorado home mortgage 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.