Colorado Mortgage
Today as expected Colorado Mortgage rates have pretty much stayed steady. We were predicting a slight increase today in Colorado Mortgage program rates, but have gotten some bad economic news which kept Colorado Mortgage rates steady. Rates were moving upward continuing its momentum from the better then expected New home sales figures that came out yesterday. Consumer Confidence Data which will be released today, measures how the consumer thinks the economy is doing. These numbers are used to see how likely consumers are to spend money. When numbers are low consumers tend to spend less and save more moving Colorado Mortgage rates down, when Consumer Confidence data numbers are high then Colorado Mortgage rates tend to go up. The primary reason is when consumers save they prefer a better risk investment like bonds, driving the price of the bond up and rates down. These Consumer Confidence data came back so poor today that Colorado Mortgage rates should have actually improved but that was not the case rates remained unchanged. This leads me to believe that investors believe that the news due out at the end of the week will be good economic news and will ultimately cause rates to increase. As consumers we are influenced by the information given to us, and as media outlets continue to take the doom and gloom approach to news we as consumers tend to feel bad. This in return lowers the Consumer Confidence data. If the Economic News being released this week follow the same trend it did yesterday then Colorado Mortgage rates will increase as expected, but if the news is bad we will see rates drop even lower then yesterday feeding off of the Consumer Confidence data just recently released. If you are a gambler you may see a nice rate pay off by waiting until Monday or Tuesday of next week, but with that said Colorado Mortgage rates are still good and did not get that boast in rates we expected today. Its amazing how these reports impact rates and how predictable they really are. I will follow the data coming out on GDP and durable goods late this week. In the mean time we have a few small reports coming out that should leave Colorado Mortgage rates unchanged. We have not had any mid day Colorado Mortgage rate increases or decreases pretty much business as is. Current recommendation if you have not yet locked then risking a float may payoff. Check out my two other sites for more information www.nostresshomeloans.com and www.coloradohomemortgageloan.net. Thanks again a more to come this evening.
Tags: Colorado Mortgage, Economic news, Rates
March 25th, 2008 at 1:10 pm
[…] All About Real Estate wrote an interesting post today onHere’s a quick excerptClorado Mortgage March 25th, 2008 Today as expected Colorado Mortgage rates have pretty much stayed steady. We were prodicting a slight increase today in Coloraod Mortgage program rates, but have gotten some bad economic news which kept Colorado Mortgage rates steady. Rates were moving upward continuing its momentum from the better then expected New home sales figures that came out yesterday. Today the Consumer Confidence Data which measures what the consumer thinks the economy is doing. […]