Trade Deficit comes in lower then expected: Colorado Mortgage Refinance Loan Rates appear to be holding steady
Colorado Home Mortgage Loan rates improved over the last couple of days and we implemented an immediate LOCK recommendation. Today it appears that Rates started off in the right direction, but at last glance it appears that Colorado Home Mortgage Refinance rates have peaked in its improvements. You should not be harmed too much if you did not lock yet, but LOCKING is recommended. Your Colorado Home Mortgage Refinance rate should be locked at 5.75% if not call me so that we can help. Continue reading for more details on what is currently impacting rates.
Yesterday, we saw some up and downs in Colorado Mortgage Refinance Loan Rates, but overall rates did improve. Today we are seeing some early morning movement, but so far we have not seen enough to make Colorado Mortgage Refinance Loan Rates change for the worse. I still have a LOCK recommendation in place for 5.75%. Most of my pipeline did get locked yesterday and should feel good about the Colorado Mortgage Refinance Loan rate they have in place. Those that decided to be risk takers may see it pay off, but the risk reward did not out way the LOCK recommendation.
Trade Balance report was released today and is viewed as a bench mark for predicting future GDP numbers. Though the Trade Balance does very little to move Colorado Home Mortgage Refinance rates in one direction or the other, it can predict other indicators which does impact Colorado Home Mortgage Refinance rates. 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 Mortgage Backed Securities markets, and some work in opposite directions, so the net effect is that it is difficult to predict. For this reason, the data rarely produces much movement in MBS prices.
What has caused movement is investors fear for where the economy is going. I know one day I say that investors are confident and the next day I say the exact opposite. Well the fact of the matter is that investors are Lemmings and will follow any trend on a whim. Oil reached another record high and AIG announced a major write off in Mortgage Backed Security bonds. Which on the surface should be bad for Colorado Home Mortgage Refinance Loan Rates, but today it appears that it has not impacted the market much. However as I write this the MBS market appears to be in a down hill slide which means that Colorado Home Mortgage Refinance rates will be taking a hit early this morning. I will keep you posted as I see things in the Market, but right now or at least this morning if you FLOAT you will be taking a risk. My recommendation is to LOCK immediately and call me with your Colorado Home Mortgage Refinance questions. Don’t Forget to Check out www.coloradohomemortgageloan.net and hit Blog 1 for additional information. This will be updated around noon todayJ
Daniel
Tags: Colorado home, Colorado home mortgage refinance, Mortgage Refinance
