Colorado Online Mortgage see no movement in rates today
Colorado Online Mortgage rate had no reaction to today’s stock market drops. Normally when funds are taken out of equities it is reinvested in bonds. When this happens Colorado Online Mortgage rates tend to get better. Today we saw some slight improvements, but not enough to make any Colorado Online Mortgage rate changes. Luckily Colorado Online Mortgage rates stopped its upward momentum which was seen in the market yesterday. Because there was no economic data due to be released, Investors found themselves looking to the Headlines for information. Our next economic data report will be consumer sentiment and based off of previous reports we expect this data to favor Colorado Online Mortgage rates. So what did the Headlines report today?, and will it have any impacts on future Colorado Online Mortgage rates?
The S&P saw a 3% decline in the market overall this week and today’s 220 point drop certainly did not help an already troubled market. Normally Colorado Online Mortgage rates would have responded well, but the demand overall in both equities and bonds were very low. Israel ran some simulated war maneuvers in anticipation for possible air strikes against Iranian nuclear power plants. This caused investors trading in oil futures to drive the price of oil back up. The price increases were due to fears that the Iranians could hinder oil supplies from getting out of the Middle East. Markets tend to react irrationally when uncertainty presents itself on the trading floor. Stability in the Middle East has always had its share of uncertainty, but the new developments in Israel added to investors concerns.
Here are the following elements impacting the market; bad corporate profit reports, Financial Markets in complete disarray, and finally uncertainty in global politics. We have the makings of a real inferno and investors are scared. With this much instability going on, it’s hard to think that Colorado Online Mortgage rates will not improve. Investors are attracted to safer investment like bonds during times of uncertainty. Based on the current economic conditions, we are defiantly way over priced as it relates to Colorado Online Mortgage rates. The reason we are not seeing improvements in our Colorado Online Mortgage rates is simple, inflation. I know I have talked about this in several other postings, but it’s a powerful force and it must be talked about again and again.
Fears about inflation will be the biggest driver of Colorado Online Mortgage rates, and unless investors see something that indicates inflation is not as bad as it is perceived to be, Colorado Online Mortgage rates will not improve to the point it should be. Investors will be keeping a very close eye on any inflationary reports to gain real perspective on where current inflation is. So far these reports have been on our side and again should have had a positive impact on Colorado Online Mortgage rates. The proverbial boogie man seems to keep investors in the distance, and why shouldn’t investors be spooked when the Federal Reserve continues to tell Ghost stories. One Federal Reserve member after another expressed concerns over inflation and utilized a media tactic to direct investor behavior which negatively impacted Colorado Online Mortgage rates. Most of what was said should be a concern, but it may have been a little premature, especially since now it appears that the Federal Reserve will take no action in its future Federal Reserve Meeting. I can’t begin to tell you what the solutions are to get us out of this damned if you do damned if you don’t type market, but I do have faith in the market and eventually the market will correct itself.
Colorado Online Mortgage rates will improve again and our market will rebound to a point where investor can feel good about making aggressive financial decisions. The market just needs time and I am projecting this correction in the market to take at least 12 – 18 months. So hang in there and please give me a call about your Colorado Online Mortgage questions. Have a great weekend.
Daniel
