Colorado Mortgage
I am off to a late start today, sorry about that. Today’s Colorado Mortgage rates should see rates increase slightly based on the economic news and the close of the futures market early this morning. As stated before the real battle until the 27th is whether or not Colorado Mortgage rates will be impacted by bad economic news or the fear of inflation. Colorado Mortgage loan programs are impacted in there locking ability by the Mortgage Backed Securities market which hates any mention of inflation. We have seen a number of economic reports come out in the last few weeks most of them indicating a slow down in the economy which as sehnt Colorado Mortgage rates to its lowest points of the year. The lack of activity created by the fact that Economic reports are limited this weeks has investors looking at other sources to get the jump on the rest of the market. Although Colorado Mortgage investors tend to be conservative, none of them want to fall short when it comes to their investments. So when the media begins to talk about inflation of if economic data of any kind comes in good, Mortgage backed securities drop and the interest rates increase. You should still be able to get into a good Colorado Mortgage loan for under 6% just about anywhere, as long as your broker does not price it too high. I locked a couple people today at 5.5% and will be quoting people this afternoon around 5.625%-5.75% depending on how much further the Securities market drops. Although there seems to be very little activity with Mortgage Backed Securities the activity currently showing has driven Colorado Mortgage rates up. The biggest news of the day came in New home sales that came in .05% higher then expected sending a small sign of good economic news in the future. On the 27th we should get a big snap shot as GDP numbers are released, which is the biggest indicator on Recessionary pressures. Recommendation for your Colorado Mortgage loan is to: LOCK for the short run if you want to gamble on bad ecomonic news to come then, feel free to float. The risk reward for Floating does not appeal to me, yes you might save an 1/8th or even a 1/4 off your rate in the next week, but if the news is positive and the media begins to talk about how great a job the Federal Reserve has done to stop recessionary presures then your rate will increase quickly. Colorado Mortgage Rates are low and locking in will be the only guarantee to have the rate you were looking for.
Tags: Colorado Mortgage, Economic reports, Rates
