Colorado Home Mortgage
Today is the first official blog and as a Colorado Home Mortgage provider I hope that you will find the material as enjoyable to read as it is useful. Several of my current clients have been getting the mortgage updates directly emailed to them. I will begin to upload a majority of the Colorado Home Mortgage content right to my site. Over the Last week or so we have seen Colorado Home Mortgage rates drop due to continued activities in the market. Last weeks CPI (consumer price index) showed us that inflation has not gotten out of control, which helped Colorado Home Mortgage rates hit this years all time lows. Today we are starting to project what the Federal Reserve will do to short term interest rates to help stimulate the economy. We are forecasting a drop of 1.0% in the Federal funds rate which will again drive Colorado Home Mortgage rates down. Typically we see an increase in interest rates immediately following a Federal Funds rate drop, but in todays Mortgage Backed Securities market investors have already anticipated the decrease and these bonds are seeing their pricing go up. Remember their is an inverse relationship between Colorado Home Mortgage rates and the price of Mortgage Backed Securities. As MBS increase Colorado Home Mortgage Rates decrease. Look ahead in the week to see if the inflationary numbers continue to be exagerated if so we may see rates move up and it may be time to lock in your current Colorado Home Mortgage Rate. Recommendation for today Float
Tags: Colorado Home Mortgage, Federal Reserve, Mortgage Backed Securities, Mortgage Rate
