Colorado Home Mortgage Banking

Colorado Home Mortgage rates appear to be off to a rough start this morning.  The Mortgage Backed Securities market has lost some ground over the weekend and Colorado Home Mortgage rates are expected to be a bit higher today.  We implemented a lock recommendation last week and for those that locked your Colorado Home Mortgage rate it now appears that you made the right choice.  The market will be light this week which means the headlines will dictate the direction demanded on Colorado Home Mortgage rates.  Tomorrow we expect pending home sale figures to be reported and so far the consensus has indicated another decrease in home sales for the 2Q for 2008.  This is a drastic decreased expectation from what was reported last month.  If the report comes in better then expected Colorado Home Mortgage rates will jump up a bit.  Because there is such a huge difference in the Consensus and what was reported last I believe that the report will beat expectation.  So we will continue to hold up on our Lock recommendation.  Some Lenders may have put to much cushion on the Colorado Home Mortgage rate sheets in anticipation of a bad week.  Luckily we have access to all the lenders and we will ensure you do not get high with that Colorado Home Mortgage rate premium. 

The Pending Home Sales index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. Modeling for the new index looks at the monthly relationship between existing-home sale contracts and transaction closings over the last four years.  This is important for Colorado Home Mortgage rates because It is designed to be a leading indicator of housing activity. Greater housing sector activity indicates a stronger economy, which is generally negative for Colorado Home Mortgage markets.  We are expecting a -3% increase versus a 6.3% increase reported last time the report came out.  Because of the 10% gap from one month to the other and the fact that we are still in our selling season, I believe the report is a bit to pessimistic.  This will result in an increase of Colorado Home Mortgage rates by late afternoon tomorrow, if investors have not already priced that in today.   The only other reports to look for this week will be the trade deficit report and the consumer sentiment.  Both reports are expected to come in poorly. 

It is interesting that with the dismal outlook being portrayed in the market that Colorado Home Mortgage rates appear to be higher then they should.  I have talked about the economic conditions many times in previous blogs, but we need to remember that this is not new territory for the Colorado Home Mortgage market.  We have seen this before.  We are experiencing many pressures in the inflation category due to the oil price shock, and we are experiencing a bad economic turnaround.  Both these indicators took place in the late 1970’s and early 1980’s.  What makes this go around so much better is that our Federal Reserve members are better prepared to handle the economic stimulus needed to get us back on track.  If we did not have the current pressure from oil causing un-needed inflation fears in the market, we would probably see Colorado Home Mortgage rates in the low 5% range on the 30 year fixed.   However inflation is devaluing the bonds and investors are demanding a higher return to buy them.  This is the biggest reason we see Colorado Home Mortgage rates higher then they need to be. 

We can’t blame ourselves for the higher oil prices; it is simply demand that has caused oil to increase to its highest levels ever.  The demand for oil is not even a domestic issue it is a global issue.  We are experiencing inflationary pressures that are out of our control.  The pressure is a direct result of global demand not domestic demand.  So the only way we can combat the issues is to understand where the pressures are coming from. The U.S is no longer the market movers in the global market place.  Because we are not the market movers we need to work on understanding and forecasting based on the pressures experienced in global activities versus domestic activities.  Colorado Home Mortgage rates will probably not see the low 5% range for some time to come.  Instead we need to prepare ourselves for the up and down cycles that will result from the continued global demand.  Like the U.S. other countries like China will slow down demand as prices go up.  We need to identify the cycles demanded in the global market to understand what the pricing cycles that makes its way into the domestic bond markets.  Once that is identified, we can then begin to accurately predict Colorado Home Mortgage rate trends.  In the meantime I will continue to monitor both the domestic and global influencers that affect our bonds markets before making any real Lock/Float recommendation. 

Please contact me with your Colorado Home Mortgage questions.  I have also included a piece on foreclosures that you can read at www.coloradomortgagebanking.com/news.

Daniel

Colorado Home Mortgage Refinance rates appear to be heading back up a bit based on the sell off pressure in the Mortgage Backed Securities market.  Most of today’s pressure appears to be investors capitalizing on short term profits from the recent gains seen in the MBS market.  Today’s Economic data favored Colorado Home Mortgage Refinance rates but it has not shown up on today’s Colorado Home Mortgage Refinance rate sheets.  We should lock in a rate before we loose any ground in the market.  Colorado Home Mortgage Refinance rates may take a couple of days to recover, but it should get better.  I just don’t want you to get stuck in a small spike situation.  You will probably not loose out if you decide to float, but investors seem to be somewhat unpredictable with their sell and buy tendencies.  The economic data due to be released next week should give Colorado Home Mortgage Refinance rates another boost in its attempts to make up some of the increases seen from last week.

Colorado Home Mortgage rates should have reacted to the Economic data that was released today, but so far it has not had the reaction that we would have expected.  Jobless Claims, Leading indicators, and Philadelphia Fed Index all came in either meeting expectations or worse then expectations.  You can find out more about the actual data at www.coloradohomemortgageloan.net/news for now just know that the data was favorable to Colorado Home Mortgage Refinance market.  The Primary reason for Colorado Home Mortgage Refinance rates not moving on the information is due to profit takers looking for a short term gain by selling MBS.  Next week we will see another consumer sentiment report which rates people’s perception of the market  We expect that this report will come in at an new all time low.  This will have investors looking for a secure investment and will help drive Colorado Home Mortgage Refinance rate downward.  The consensus is that the report will come in around 57 which will set a new record low for this economic indicator.

Finally we need to look at the spread lenders are currently pricing into the Colorado Home Mortgage Refinance rate sheets.  It appears that the cushion that lenders had last week are now in line.  This is probably why we saw our late afternoon Colorado Home Mortgage Refinance rate improvements yesterday.  Please continue to stay tuned and don’t feel bad if you decided to FLOAT.  I do believe that Colorado Home Mortgage Refinance rates will see continued improvements through next week.  The reason I am making the Sort term Lock recommendation for your Colorado Home Mortgage Refinance rate today is strictly for people closing in the next 10 days otherwise we will remain with our FLOAT recommendation.  Please call me with your Colorado Home Mortgage Refinance questions and let me know how I can help you.

Daniel

Colorado Home Mortgage Loan rates saw some relief from a variety of economic reports indicating no major surprises.  Inflationary numbers appeared to be in line with expectations and the feared increases in inflation brought on by the Federal Reserve appear for now to be overstated.  Colorado Home Mortgage Loan rates dropped a bit on the news, but best of all, rates don’t seem to be climbing.  A much needed break from what Colorado Home Mortgage Loan rates have been doing over the last couple of weeks.  It may take some time before we see Colorado Home Mortgage Loan rates drop significantly, but for now we are heading in the right direction.  We had four economic reports released today, you can read more about their exact impacts at www.coloradohomemortgageloan.net/news but the overall effect from these reports were positive.  I am maintaining a FLOAT recommendation through Thursday, mainly because not all of the Colorado Home Mortgage Loan rate improvements have shown up on the investor rate sheets.  Much of the improvements are being held back right now in the event something else rocks the bond market as sparks another sell off of Mortgage backed Securities.

Colorado Home Mortgage Loan rates still appear to be undervalued in the bond markets. Based on the economic data reports; we still have some room to see rates trickle down even further.  The MBS market closed 14 ticks higher then when it closed yesterday, which translates to about 1/8^th better for Colorado Home Mortgage Loan rates.  We should continue to see improvements tomorrow as no economic data will be released.  The lack of data allows headlines to dictate market movement, and we have already seen a bulk of the bad headlines make its way into the market.  I am expecting Colorado Home Mortgage Loan rates to maintain its current downward direction through tomorrow.  Thursday will be another big day on the economic reporting front with three additional reports will find its way into the market.  Jobless claims, leading indicator, and Philadelphia Fed Index are all due to report, and based on the consensus, I believe we could have another good day for Colorado Home Mortgage Loan rates. 

We should not forget that we still have some major obstacles to overcome before Colorado Home Mortgage Loan rates see anything below the 6.0% range.  It has been awhile since I recommended a LOCK situation and would advise you to seriously look at locking tomorrow if in fact you are closing in the next 10 days.  My goal for your Colorado Home Mortgage Loan rates is to see it at 6.0% or below.  I have had to move my Colorado Home Mortgage Loan rate lock recommendation up and up based on market conditions, but we have been able to lock in under small pockets of rate drop periods.  It has been very tough over the last 3 weeks and we have had the FLOAT recommendation ever since.  I believe if we continue to see the movement we are seeing over the last few days Colorado Home Mortgage Loan rates may find its way back to 6.0%.  Right Now I do not see that in the cards for at least another 2 weeks, which means a lot of momentum needs to show up before Colorado Home Mortgage Loan rates drop to that point.  If time is not on your side, we have other options to keep you below 5.5%, but these options are only a temporary fix.  If you need to LOCK today and only want a FIXED rate option then 6.25% will be the Colorado Home Mortgage Loan rate to settle for.

Please call me with your Colorado Home Mortgage Loan rate questions and give us a chance to show you what we can do for you.

Daniel   

Colorado Home Mortgage rates seem to be getting some relief today after the release of the Consumer Price index.  CPI measures real inflation, which has been the hot topic for Colorado Home Mortgage rates over the last 5 days.  Inflation fears have contributed about a .75% rate increase with Colorado Home Mortgage programs over the last week.  Colorado Home Mortgage rates have not been this high since August of last year, making the relief well over due.  It appears that the Mortgage Backed Securities market will trade higher today and over the weekend allowing some much needed relief in Colorado Home Mortgage rates.  How much relief will depend on how aggressive investors get, but the feeling right now is that the relief will come slowly.  We have one more inflationary report to be released for the month and that is Producer Price Index which will come out on Tuesday.  We will need to keep a close eye on PPI next week, if PPI reports in line with expectations, next week could be a good week for Colorado Home Mortgage rates.

Our biggest enemy right now was our best friend 6 months ago, and that is the Federal Reserve.  The Federal Reserve utilizes many techniques to move the market in the direction it chooses.  Colorado Home Mortgage rates are influenced by these actions.  The Federal Reserve has utilized a scare tactic over the last 10 days or so, by openly discussing serious concerns with inflation.  These speeches created some strong movement out of long term investments, which caused Colorado Home Mortgage rates to go up.  What investors now have to do is determine how much of the information being expressed by the Federal Reserve is fluff and how much is real.  Colorado Home Mortgage rates hate inflation and the most credible source for getting the information on inflation to us is the Federal Reserve.  So why question their intentions right?  Well the Federal Reserve is also responsible for lowering the risk of inflation.  By generating fear about inflation the Federal Reserve can slow down Economic progression.  This is one technique they use to reduce inflationary pressures.  I am not sure if that is the right approach, but it does work.  Tuesday will give investors the last piece of the puzzle for the month on inflation.  If Producers Price Index comes in as expected we should see next weeks Colorado Home Mortgage rates drop.

Colorado Home Mortgage rates are at a high point for the year, and it has become tougher and tougher to recommend a FLOAT or LOCK recommendation.  Based on today’s information and looking at where inflation came in at, I believe that FLOATING your loan is a good risk.  Investors need a little time to price back out of the safety zone currently seen in their Colorado Home Mortgage rates.  This means we have room to improve.  The economic news has also been good for Colorado Home Mortgage rates making a FLOAT recommendation that much easier to make.  Stay tuned for PPI that will come out on Tuesday.  We will be hoping that PPI reports at or below expectations.  We will give you the information as soon as we know.  In the mean time let me help you with your Colorado Home Mortgage questions and feel free to call me directly.  If you have time, check out www.coloradohomemortgageloan.net/news  I will be reporting on all the economic reports from today and their impacts.  All you really need to know though, is that the reports favored Colorado Home Mortgage Rate improvements and seem to be carrying enough momentum to get us through the weekend.  Until we write again have a safe and fun weekend.

Daniel 

Colorado Mortgage Rates are determined by the Mortgage Backed Securities market.  Most people refer to this market as the bond market.  The bond market competes with the equities market to attract demand from investors.  Colorado Mortgage Rates are determined by the demand shown in the bond market.  The relationship between Mortgage Backed Securities pricing and Colorado Mortgage Rates follow an inverse pattern.  The best way to look at the inverse relationship is to watch the price of bonds, when the price of bonds goes up, Colorado Mortgage Rates will fall.  This will also hold true as bond prices drop, Colorado Mortgage Rates will naturally go up.  This trend does not change for any reason, so what we have to look for in order to properly determine Colorado Mortgage Rates, are the factors that increase or decrease demand in the bond market.

Demand in the bond market will normally be determined by investor’s adversity towards risk.  Investors are inherently conservative and look for every opportunity to eliminate risk from their portfolios.  Colorado Mortgage Rates also use risk factors when determining its final rate which we will elaborate later.  Right now we will simply focus on the risk associated with investments.  Bonds are considered safe and sometimes risk free investments.  Because the risk is low the returns are also low.  Equities (Stocks) on the other hand will have high risk associated with them, but in order to compensate for the risk, stocks will need to offer a much better return.  Investors look at both markets and in times of bad economic progression bonds become a safer investment.  In times of good economic progression Stocks become a good investment.  Colorado Mortgage Rates will typically come in lower during low economic growth periods and likewise Colorado Mortgage Rates will suffer during good economic growth periods.  So if you simply want to get a feel of where Colorado Mortgage Rates are in relation to historical data look at what is going on in the economy.

What is going on in the economy is heavily monitored by investors when determining how aggressive they will be in buying and selling bonds.  Economic data reports are the primary driver of investor behavior in the markets.  These economic reports come out in a verity of formats.  Some that you may be familiar with are: GDP, Consumer Sentiment, Cost Price Index, and Jobless Claims just to name a few.  Colorado Mortgage Rates react immediately on the data released by these economic reports.  The economic standings are dictated by what is said in the data.  If the data says we are in an economic downward spiral investors quickly jump out of the equities market and reinvest in the bond market.  The increased buy demand drives to price of Mortgage Backed Securities up which drives Colorado Mortgage Rates down.  Obviously, Colorado Mortgage Rates have the opposite movement when the economic data released is better then expected.  This is how core Colorado Mortgage Rates are determined. 

The last component impacting Colorado Mortgage Rates are the loans risk parameters.  As I stated before investors demand a higher return when they take on more risk.  Colorado Mortgage Rates are no different in the returns required for the risk taken.  Colorado Mortgage Rates start off at a base risk factor.  Normally clients with a 720 or higher credit score, Full Documentation can be verified for their income, and a minimum of 20% down payment has been made will qualify under the least amount of risk.  These type of loans will certainly carry a low risk premium and will offer the best Colorado Mortgage Rates available.  Once the loan begins to add risk factors like 100% financing or credit scores below 720, Colorado Mortgage Rates begin to go up.  This is the most basic way to explain how Colorado Mortgage Rates are determined, and I would encourage you to contact us directly with any other Colorado Mortgage Rates questions you might have. 

Colorado Home Mortgage rates continue their up hill climb as new fears on inflation hit the market.  Colorado Home Mortgage rates reacted to Bernanke’s statements, which expressed concern for inflationary pressures.  He stated that we are not in jeopardy of hitting the inflationary numbers seen in the late 1970’s, which sent Colorado Home Mortgage rates into double digit levels.  He did state that his primary concern is price stability and inflation and that it will be the Federal Reserves primary objective to limit the impacts it my cause.  Colorado Home Mortgage rates did take a hit on investors concern about inflation.  It almost seems as if anytime the word inflation is mentioned by the Federal Reserve Colorado Home Mortgage rates begin to climb. 

We had only one economic report released and that was the Jobless Claims data.  This report does create some movement in Colorado Home Mortgage rates and today it was just enough to send rates back up for the 3^rd straight day.  Those who got into some of the long term locks we talked about early last month should be doing quite well.  We will continue to monitor the situation and let you know of any Colorado Home Mortgage rate movements.  Right now it appears that most of the bad news hitting the market has already done so.  At this time we will recommend that you FLOAT your Colorado Home Mortgage loan.  At last glance the Colorado Home Mortgage loan market appears to be making up some of the ground lost early this morning.  We will have to monitor the Employment numbers coming out tomorrow as this will definitely create some movement with Colorado Home Mortgage rates.  So far it appears that the month of June is shaping up like the month of May and Colorado Home Mortgage rates appear to be heading in the wrong direction.  Call me for you Colorado Home Mortgage questions.  If you are looking to close in the next week and just can’t hold on any longer on your Colorado Home Mortgage rate lock then make sure you lock at 6.0%.  The Colorado Home Mortgage originator will have to take a hit on their commission, but heck they should be thinking of you first and it is where I would lock my Colorado Home Mortgage rates today.

Colorado Home Mortgage rates will continue to be impacted by anything related to inflation and we will keep our ears open for anyone making any derogatory comments about inflation.  It is this type of talk that can send Colorado Home Mortgage rates back up to their three year high mark and it is not where we would like to be.  We still have options on Colorado Home Mortgage rates that can get you a Colorado Home Mortgage rate at or below 5.5%.  Finding it hard to believe? Well call me and I will explain.  The program requires no points and it is becoming a good solution to a time when Colorado Home Mortgage rates appear to have no cap in sight.  Remember to check out my other Colorado Home Mortgage site www.coloradohomemortgageloan.net to get the specifics on economic data being released.  Economic data moves Colorado Home Mortgage rates more then any other data released and should be understood before making a Colorado Home Mortgage lock decision.

Thanks Daniel

Colorado Home Mortgage Refinance rates took a hard hit in the market today.  Rates jumped up about .25% for the day and at this point the only explanation that can be given is fear.  I stated in an article yesterday that the market would watch for what was said in the FOMC meeting last month.  The release of the report yesterday started the upward climb that Colorado Home Mortgage Refinance rates had and it appears that it may not be over.  FOMC board member Fed Gov. Kroszner spoke to the media and layed out a detailed plan for the Federal Reserve which outlined what steps still needed to be taken in the fight to bring back the housing market.  He also made note that the process would be long and would require more government intervention in order to bring the markets back.  Colorado Home Mortgage Refinance rates took the news to mean that the stability of the long term bonds backing Mortgages would remain a risky investment in the short run then in the long run. 

Another negative blow to the Colorado Home Mortgage Refinance rate market were comments made by Bill Gross, chief investment officer of Pacific Investment Management Co.  Who stated that “Americans are fooling themselves if they think U.S. inflation is under control”.  Bill Gross is definetly a mover and a shaker in the investment bond market.  His comments signaled another blow to inflation and as we all know inflation will create serious movements in the Colorado Home Mortgage Refinance market.  Most of the increases seen on Colorado Home Mortgage Refinance market rates today were contributed to the fear of inflation.  We had only one economic report to speak of and that was Jobless claims which came in slightly better then expected.  Read More about the economic reports and its impact at www.coloradohomemortgageloan.net/news.  We will have a light couple of days on the economic reporting side, which means headlines will again be the biggest factor influencing Colorado Home Mortgage Refinance rates until Tuesday of next week.  With Colorado Home Mortgage Refinance rates jumping the way they did today FLOATING makes sense.  The market reacted to fear not facts today.  I do want to warn people floating today that much of the concerns felt in the market have been my concerns for some time.  Oil prices dictate future product costs.  The rate that product cost goes up creates inflationary pressures and inflation creates a very bad environment with Colorado Home Mortgage Refinance rates.  Please call me with any of your Colorado Home Mortgage Refinance questions.

Colorado Home Mortgage Loan rates had some early morning volatility as the Producers Price Index data came in.  The PPI report is split into two categories and will be explained in full detail at www.coloradohomemortgageloan.net/news. Today, on this site, I will simply give you the basics.  The Report shows inflationary pressures on the production side.  Obviously, when it costs more to produce an item, the price for the item, has to be increased to cover the difference.  The increase in cost over time is what is known as inflation.  Inflation will have a sever affect on Colorado Home Mortgage Loan rates.  The PPI report came in below expectation for increases in production costs over all, but it came in higher then expectation when energy and food consumption data were added back in.  Long story short the mixed data should have had Colorado Home Mortgage Loan rates holding itself at its current levels. 

The data called for a calm day in the Mortgage Backed Securities market, but the reality of what played out in the market created quite a show for Colorado Home Mortgage Loan rates.  The Economic data set the ground work for another lemming type movement, as one investor after another began bidding on Mortgage Backed Securities.  Each investor thinking the other new something they did not.  Bond prices shot up about 25 basis points in about 30 minutes and about 60 basis points by the end of the day.  Colorado Home Mortgage Loan rates should see slight improvements, but not enough to get us to the 5.625% rate.  LOCKING remains the recommendation for now however if the mood in the economy changes we may have to set a new Locking floor around the 5.5% range.  This has not happen yet, but I am beginning to think that it will be a possibility. 

Colorado Home Mortgage Loan rates have moved up and down about .5% in the last 6 months.  Most of the data in recent weeks has investors believing that our economic troubles may be over.  In fact the recent stock market jumps have shown a bullish approach by investors.  This approach has drained funds out of the Mortgage Backed Securities market in order to finance these transactions.  Investors are reacting as if we are in a turnaround period.  Today the market lost considerable ground and recent economic news has, at least for today, lead investors back to using conservative strategies to invest.  Conservative strategies leads to better then expected gains in the Mortgage Backed Securities market.  As a result Colorado Home Mortgage Loan rates will trend lower today and 1^st thing tomorrow morning.  I stated this before, but LOCKING will remain my recommendation as long as you can get 5.75% or better. 

It is strange how the market has reacted over the last year.  Most of the reactions made in the market so far have originated from economic predictions made by experts.  Experts like weathermen have the knowledge to predict, but at best, it is an educated guess.  It’s hard not to be influenced by the trend of the day when so many experts are giving their opinions on the subject matter. The direction experts are taking on the current economic situation is that we may be in store for some tough times ahead.  Colorado Home Mortgage Loan rates will be positively influenced by tough economic times.  The question we need to answer right now is what direction will the economy take over the next 6 months?  We have had a tough year and the storm will be something to remember for a long time.  Are we in the Eye of the Hurricane and will the storm continue?  It’s too soon to tell just yet, but the signs are pointing towards even tougher times ahead. 

GDP continues to report low, but not low enough to indicate a recession.  I believe that a recession is part of the normal economic process.  Historically we go through short periods of time where the economy actually shrinks.  We call this time a recession.  The economic reports keep stating that we are just above what would be called a recession, but I believe that the data is slightly biased.  I also believe that we still have a ways to go before we begin to see change.  I can go on and on with why I believe this but will instead leave the phone line open to your questions.  The tough economic turmoil does make predicting Colorado Home Mortgage Loan rates a little easier to predict and I will continue to give you the feedback you need to make the right Colorado Home Mortgage Loan rate decisions.

Daniel

Colorado Home Mortgage blogs can sometime be dry and long so I will summarize by blog in the first paragraph and if you want more detailed information then I will encourage you to read on for more information.  Colorado Home Mortgage rates have hit the LOCKING window we have been waiting for.  Today we can get the 5.75% without any points which means LOCKING is the way to go.  I have several Clients that will have a chance to get LOCKED in today.  We have several influences in the Market that can have negative effects on Colorado Home Mortgage rates.  You can gamble, but the risk reward will not be worth it.  Jobless claims did come in better then expected and The Bank of England did not raise rates.  Nothing out of the ordinary, but Colorado Home Mortgage rates appear to be doing what we want.

Jobless Claims came in today lower then expected.  The initial jobless claims were expected to be 375K but actual data indicated that it was only 365K.  Normally this would have caused Colorado Home Mortgage rates to go up, but so far the market is holding strong.  In fact we are seeing slight improvements, which means we may want to look at locking your Colorado Home Mortgage rate soon.  I will be watching the market very closely this morning and may be calling you for a LOCK recommendation. 

The Bank of England held their short term interest rates right where they were.  It appears that the board in Europe has taken a strong approach locally to fight inflation.  Our Federal Reserve System seems to be more aggressive in their actions.  This will make foreign bond investments more profitable the U.S. investments, which may cause investors to start buying internationally versus here at home.  Regardless the news was not unexpected and has kept its influence out of the market so far.  I have reported several times in the past about the pricing gap between the 10 year treasury and the 30 year 5.5% fixed bond.  These two financial instruments tend to trade in similar circles and move up and down at the same rate.  Over the last few months there appears to be a larger then normal gap between these two securities.  In short, Treasury’s are trading higher then its partner the Mortgage Backed Security.  Colorado Home Mortgage rates should be slightly better assuming that these two financial instruments trade where they are supposed to.  This may explain some of the improvements we are seeing lately.  I will be looking at several banks today and making some assessments on the loans that will be closing soon.  Those Colorado Home Mortgages closing in the next couple of weeks should probably be LOCKED today.  We can get the 5.75% and LOCKING is my recommendation. 

If you are a risk taker then we may have a few more days where rates can improve.  It may even drop us to the 5.5% range, but I will not be recommending client to wait to long.  Here is why I have issues with waiting and why LOCKING your Colorado Home Mortgage rate is so attractive.  Investors have been overly cautious in their projections and though the economic reports are still bad they are all coming in better then projected.  Better then projected economic data causes problems for the Mortgage Backed Securities market.  Colorado Home Mortgage rates will go up as bond prices drop.  Investors are getting their confidence back in the Stock Market and this will cause unwanted pressure in the Bond market.  Another big issue is oil.  I have talked about this over and over so I will make it short.  Oil causes inflationary issues, which again is bad for Colorado Home Mortgage rates.  I don’t see any other solution to slow down inflation except for drastic decreases in the price of oil.  I don’t believe that will happen anytime soon.  All the negative influence in the bond market seem to be there and when we have a small window of opportunity to LOCK a good rate then LOCKING will be my recommendation.  I set the bar at 5.75% and we will have several people locked in today at that rate.  Call me with your Colorado Home Mortgage questions and check out www.coloradohomemortgageloan.net/news for in-depth economic data information.  Thank you for reading.

Colorado Home Mortgage Refinance rates will be tied to the stock market this week as economic reporting will be light.  Country Wide lowered their selling price from $7 a share to $2 a share drawing concern about the stability and financial strength they once had.  Colorado Home Mortgage Refinance rates are currently holding its position.  As you know Colorado Home Mortgage Refinance rates did trend up over the last week or so based on some stronger then expected economic data released during the week.  Each report seemed to indicate that the economy has started to make a recovery and investors are beginning to hold out hope that we are on an upward trend.  Only time will tell us if that is true.  The ISM report came out which shows any fluctuations in service pricing over a period of time.  These fluctuations are used by the Federal Reserve to monitor inflationary pressures.  A high report here correlates with a higher then expected inflation trend.  Inflation will cause Colorado Home Mortgage Refinance rates to go up.  When the report was released today, Colorado Home Mortgage Refinance rates did jump up by an 1/8th.  We have since recovered that 1/8th due to the current decreases in the stock market. 

This week will continue to be a light reporting week, so stay tuned to the stock market.  If you see the Stock Market going up, then expect Colorado Home Mortgage Refinance rates to do the same.  A decrease in the stock market will cause Colorado Home Mortgage Refinance rates to drop.  I will keep you posted, but in the mean time please call me with any Colorado Home Mortgage Refinance questions.

For those who are confused about what I said, let me quickly summarize it for you.  Colorado Home Mortgage Refinance rates are holding steady at 5.875% with no points.  We expect Colorado Home Mortgage Refinance to remain unchanged over the next few days.  The biggest variable to watch for any movement in the rates will be the Stock market.  If stocks go up rates go up and so on.  We will have a couple small reports coming out that will make rates move a bit, but not enough to go into full explanations on.  Our next big report will be jobless claims which are due out on Friday.  Colorado Home Mortgage Refinance recommendation remains at a FLOAT.  Remember based on what we are seeing our new LOCK level is 5.75%.  Best of luck and please call with questions.  Take a look at