Colorado Home Mortgage rates continue their up hill climb
Colorado Home Mortgage rates continue their up hill climb as new fears on inflation hit the market. Colorado Home Mortgage rates reacted to Bernanke’s statements, which expressed concern for inflationary pressures. He stated that we are not in jeopardy of hitting the inflationary numbers seen in the late 1970’s, which sent Colorado Home Mortgage rates into double digit levels. He did state that his primary concern is price stability and inflation and that it will be the Federal Reserves primary objective to limit the impacts it my cause. Colorado Home Mortgage rates did take a hit on investors concern about inflation. It almost seems as if anytime the word inflation is mentioned by the Federal Reserve Colorado Home Mortgage rates begin to climb.
We had only one economic report released and that was the Jobless Claims data. This report does create some movement in Colorado Home Mortgage rates and today it was just enough to send rates back up for the 3rd straight day. Those who got into some of the long term locks we talked about early last month should be doing quite well. We will continue to monitor the situation and let you know of any Colorado Home Mortgage rate movements. Right now it appears that most of the bad news hitting the market has already done so. At this time we will recommend that you FLOAT your Colorado Home Mortgage loan. At last glance the Colorado Home Mortgage loan market appears to be making up some of the ground lost early this morning. We will have to monitor the Employment numbers coming out tomorrow as this will definitely create some movement with Colorado Home Mortgage rates. So far it appears that the month of June is shaping up like the month of May and Colorado Home Mortgage rates appear to be heading in the wrong direction. Call me for you Colorado Home Mortgage questions. If you are looking to close in the next week and just can’t hold on any longer on your Colorado Home Mortgage rate lock then make sure you lock at 6.0%. The Colorado Home Mortgage originator will have to take a hit on their commission, but heck they should be thinking of you first and it is where I would lock my Colorado Home Mortgage rates today.
Colorado Home Mortgage rates will continue to be impacted by anything related to inflation and we will keep our ears open for anyone making any derogatory comments about inflation. It is this type of talk that can send Colorado Home Mortgage rates back up to their three year high mark and it is not where we would like to be. We still have options on Colorado Home Mortgage rates that can get you a Colorado Home Mortgage rate at or below 5.5%. Finding it hard to believe? Well call me and I will explain. The program requires no points and it is becoming a good solution to a time when Colorado Home Mortgage rates appear to have no cap in sight. Remember to check out my other Colorado Home Mortgage site www.coloradohomemortgageloan.net to get the specifics on economic data being released. Economic data moves Colorado Home Mortgage rates more then any other data released and should be understood before making a Colorado Home Mortgage lock decision.
Thanks Daniel
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