Colorado Home Mortgage Refinance Rates saw some improvement today.
Looks like we had another good day for Colorado Home Mortgage Refinance Rates. At this point we are preparing for a number of Economic reports that will impact the market over the next couple of days. Colorado Home Mortgage Refinance Rates appear to be making up some ground lost in the last three weeks. We are still looking at a rate of 5.875% for Colorado Home Mortgage Refinance Rates, but should see this drop by May 1st. There is a pricing floor to break through before we see any real movements with interest rates. This current floor appears to be set at 5.875%, and we are quickly seeing the barrier break, which means rates should drop down to 5.75% very soon. Once the barrier breaks, interest rates will move quickly, and we may see enough activity in the data to lower rates back to our 4 week low. We will keep our fingers crossed and will continue to report the direction we are moving.
Consumer Confidence will be reported on tomorrow which should come in similar to Consumer Sentiment. If this happens we will see another good day for Colorado Home Mortgage Refinance Rates. Looking at the projections I do have a little bit to be concerned about. Consumer Confidence has been trending higher then Consumer Sentiment this year. Experts are projecting that Consumer Confidence will actually come in lower then Consumer Sentiment this month. This raises a bit of a red flag, in the sense that expectations are set too low, leaving room for Consumer Confidence to beat current expectations. Historically when expectations in economic reports come in higher the projected Colorado Home Mortgage Refinance rates suffer. Though this is a concern, I would not be too worried; we are still in for some rough economic news. We expect the data reported tomorrow to be good for Colorado Home Mortgage Refinance Rates.
Wednesday we will have our big end of the month numbers for GDP, PMI, and Federal Open Market Committee notes. All you need to know is that we have enough data to break through the pricing floor of 5.875% which should put us back in line for a possible lock recommendation. I will be making this recommendation at 5.75%. If you want to gamble gambling may pay off. Holding out another 10 days or so may get us the 5.5% we have been so desperately trying to get. I will report more on Colorado Home Mortgage Refinance Rates tomorrow. Be prepared to Lock quickly in the mean time we still have a FLOAT recommendation on your Colorado Home Mortgage Refinance Rate. I will be explaining a little bit about the reports being released in the next day or two on www.coloradohomemortgageloan.net/news Sorry about the late post today, stay tuned after 1pm tomorrow for information regarding Consumer Confidence. In the mean time call me with any of your Colorado Home Mortgage Refinance Rates questions:-)
Tags: Colorado home mortgage refinance, Consumer Confidence, consumer sentiment, Home Mortgage, Mortgage Refinance, Rates
April 28th, 2008 at 8:46 pm
[…] admin wrote an interesting post today onHere’s a quick excerptLooks like we had another good day for Colorado Home Mortgage Refinance Rates. At this point we are preparing for a number of Economic reports that will impact the market over the next couple of days. Colorado Home Mortgage Refinance … […]
April 29th, 2008 at 12:35 am
[…] Paul Jackson wrote an interesting post today onHere’s a quick excerptLooks like we had another good day for Colorado Home Mortgage Refinance Rates. At this point we are preparing for a number of Economic reports that will impact the market over the next couple of days. Colorado Home Mortgage Refinance … […]
April 29th, 2008 at 3:53 am
[…] admin wrote an interesting post today onHere’s a quick excerptWe are still looking at a rate of 5.875% for Colorado Home Mortgage Refinance Rates, but should see this drop by May 1st. There is a pricing floor to break through before we see any real movements with interest rates. … […]