Colorado Home Mortgage Banking

Colorado Home Mortgage rates appear to be hovering around the same rates given out on Friday.  Most of our Colorado Home Mortgage rate movement today will take place do to Headlines versus economic data.  The only report released today was the Leading indicators data which reports on a variety of economic factors, which predicts strength in the economy 6 to 9 months in the future.  This report does not play a major role when it comes to Colorado Home Mortgage rates, but it is monitored.  The reason the role is down played has to do with the fact that most of the indicators used in the Leading Indicator report have already been reported individually and have already made there impacts on the Colorado Home Mortgage Market.  The report did come in a bit higher then expected but so far has not created any pricing issues in the market.  Today’s Mortgage Backed Securities trading will hinge on Market headlines and so far the Market Headlines have not been good for Colorado Home Mortgage Rates.

We will have to wait and see what else is being reported in the news but here is what we have so far:  Lowes reported better the expected earnings, but has forecasted a warning about future earnings.  Initially this created some positive momentum for Colorado Home Mortgage rates, but the momentum did not last too long.  The big news today and probably for some time to come is the anticipation of Microsoft and Yahoo merging together.  This will be huge for the market, and the indication so far, is that they will be able to complete the merger in the near future.  Colorado Home Mortgage rates have been affected by the positive news.  Stocks are up over 100 points and as investors see opportunity in stocks they tend to utilize funds from long term investments.  Pulling money out of bonds will cause bond prices to drop and in return increase Colorado Home Mortgage rates.  The trick here is to predict what the next 48 hours will bring.  It’s hard to say so I will lean on the conservative side and recommend LOCKING. 

Colorado Home Mortgage rates should still be at 5.75% and it appears the risk/reward for floating may not me in your Favor.  The big news tomorrow will be the PPI report which is an inflationary report.  If the numbers on inflation are bad, and the stock market maintains its current momentum, we will see Colorado Home Mortgage rates jump.  With oil still trading at an all time high I just find it hard to believe that we will not see some inflationary pressure in the market.  As I said before, it is just too hard to predict what will happen in the next 48 hours.  Now if we look over the next 30 days or so we are getting reports from a variety of source that seem to indicate that we will not be out of the woods for some time.  The negative trends in the economy may be around even longer then we expect.  If that is the case we should have a good summer as it relates to Colorado Home Mortgage rates.  It is the ups and downs that can cost you money, and that is why it is important to have someone on your side predicting market trends.  Please call me with any of your Colorado Home Mortgage questions.  Remember to check out www.coloradohomemortgageloan.net/news for more specific information on the reports already released and tomorrows PPI.