Colorado Home Mortgage Banking

We have had several economic reports come in today including GDP.  These reports will have an impact on Colorado Online Mortgage rates.  Much of the Economic Data released today; GDP, Personal Consumption Expeditures, Corporate Profits, and finally Jobless Claims, all came in right where investors had expected.  Initially Colorado Online Mortgage rates will probably increase on the news, mainly because investors that were previously concerned that the Economic news would come in worse then expected have begun to move money back into higher risk investments.  Those of you that were hoping Colorado Online Mortgage rates would drop over the next few days may not get the results you were looking for.  Colorado Online Mortgage rates will probably increase slightly but overall should stay pretty much in line over the next few trading days.  The only thing that will create any strong movement in the Mortgage Backed Securities market will be how bullish its investors feel.  With all that said lets continue to look at the facts: the economic numbers show that we remain at our lowest point in the market since 2001 and at this time we show no signs of immediate improvement.  This will ultimately be good for Colorado Online Mortgage rates.  GDP came in with an increase of .6% which still does not allow us to define the market as a recessionary market, but it is about as close as it can be.  To be considered in a recession we would need GDP to have two quarters in a row with negative GDP increases.  Another important economic report coming in today was the PCE report.  PCE came in lower then expected at 2.0% not 2.5%.  PCE or Personal Consumption Expenditures measures inflation and typically when inflationary reports come in better then expected Colorado Online Mortgage rates will decrease.  So far today that is not the case, but in the long term based on today’s results Colorado Online Mortgage rates should fall back in line and price decreases should be seen as early as late next week.  For now my recommendation remains as a FLOAT, but use caution, we are definetly in a gambling mind frame.  So far Colorado Online Mortgage rates have increased by .125% depending on the lender, if investors react like lemmings we may see rates move up even higher in the short run.  However, it should not take long for these investors to see that a safe investment like Mortgage Backed Securities will still be better then a bullish approach to the stock market.  Don’t for get to check out: www.coloradohomemortgageloan.net for additional information.

Daniel