Colorado Home Mortgage Banking

A real rollercoaster ride was experienced in the market today.  Colorado Home Mortgage rates started the day off great, coming in line with our Lock recommendations set earlier in the week.  1st thing in the Morning, I went into our pipeline and focused on locking loans for clients looking to close over the next week or So.  We saw a lot of things impact the market, but you can read about that at www.coloradomortgagebanking.com/news.  Right now we are maintaining a FLOAT recommendation and we expect rates to fall tomorrow as unemployment is announced.  All of the Job indicators over the last three weeks show that the unemployment rate should come in high.  This higher unemployment rate will cause mortgage backed securities to gain momentum in its pricing sometime tomorrow.  In return this should send Colorado Home Mortgage rates back down.  We are hoping to get the same rates we saw earlier today.  The Mortgage Backed Securities did finish the day better then where the market closed yesterday.  This tells me that rates should have been slightly better today then yesterday, but this is not the case.  Instead the rates today finished worse then yesterday meaning that the bank currently holds the rate at a price point that indicates extreme caution.  We believe this took place to protect the investor from any market risk experienced earlier in the day.  Basically they are gun shy from having to display any rates that might produce less the favorable profitability positions in the event of a major sell off which investors witnessed today.  This will be adjusted tomorrow and Colorado Home Mortgage Rates will open the market better tomorrow making it a must float situation ending today.  Stay tuned and call me with any Colorado Home Mortgage questions you might have.

We saw some crazy things happen in the Mortgage Backed Securities market today.  Things appeared to start of great for Colorado Home Mortgage Loan rates and within 15 minutes we saw rates go from good to down right ugly.  Luckily I was able to lock a couple of people today that benefited from this mornings opening Colorado Home Mortgage Loan rate.  Once one lemming (investors) jumped off the cliff they all jumped off the cliff.  With in about 30 minutes Mortgage Backed Securities took a nose dive.  The only thing I was able to see that may have been the cause of this is the increased value of the dollar overseas.  This launched a buying frenzy in the stock market and in return reducing the demand in the Mortgage Backed Securities market.  Simply put people were not buying.  This coupled with a sudden drop in securities lead investors to believe that something was up and in return a number of investors sold.  Lemmings controlling other Lemmings.  Its sometimes amazes me at how reactive the market is.  Of course Colorado Home Mortgage Loan rates jumped up today as a result.

Colorado Home Mortgage Loan rates should have been impacted solely on the economic data provided today.  Our one inflationary report did come in higher, but it was so minimal that I actually believe it to be a victory.  Especially with the price of oil up where it is.  I was so happy to see Exxon Mobil post another record breaking profit margin in the 1Q 2008.  I realize that the previous 4 record breaking quarters were not enough and that they actually provide a superior service worth the 10.8 billion dollar increase in profits.  (In case you were not aware I am being Sarcastic)  I am all for free markets and I will continue to push policy out of the market, but can someone step up to the plate and provide some competition.  Exxon has proved that it entering the business can be profitable.  Colorado Home Mortgage Loan rates will continue to find itself struggling to make any real head way as long as inflation is a concern.  Inflation will be a concern as long as oil remains were it is at. 

Inflationary numbers did come in line despite the increase in oil.  This is probably due to the fact that as a society we are limiting our spending.  Colorado Home Mortgage Loan rates were moderately influenced by this data, but were heavily influenced by the jobless claim and the Job cuts report which both came in much worse then expected.  Now this is significant because of the incredibly low expectations set in these categories by investor expectations.  It was great news for the Mortgage Backed Securities market and it actually had us down to 5.5% for a Colorado Home Mortgage Loan rate.  I did lock a couple of people at that 5.5% today, but the rate only stuck around for about 15 minutes before sky rocketing out of the range.  We already explained why (lemmings).  All the information today indicates that rates should have stayed at the low levels seen this morning and instead we had investors put emotion in trading and in return they screwed up our market position.  Luckily even lemmings have to get it right.  We should see a couple more reports coming out tomorrow, one in particular to watch for will be unemployment rate.  Judging from the Jobless claims unemployment rate should come in high, which will be good for Colorado Home Mortgage Loan rates.  We will see that first thing tomorrow, and if I was unable to lock you today, tomorrow might be another lock day.  Fridays typically concern me, but this early in the month and the amount of economic reporting coming out, Friday should prove to be a very volatile day.  FLOAT remains my Colorado Home Mortgage Loan recommendation, but it is an 18 hour FLOAT recommendation.  I would encourage you that if you are reading this blog and have not locked in your rate that the first call you make tomorrow is to me.  We may have to act first thing tomorrow and we may need to LOCK you in fast.  Colorado Home Mortgage Loan rates are expected to drop, and Mortgage Backed Securities market should see some improvement first thing in the morning.  This means that Colorado Home Mortgage Loan rates will open the market lower and we may see some increases through the day if the economic data being released indicate anything better then expected.  Stay tuned and contact me with your Colorado Home Mortgage Loan questions.

Looks like we had another good day for Colorado Home Mortgage Refinance Rates.  At this point we are preparing for a number of Economic reports that will impact the market over the next couple of days.  Colorado Home Mortgage Refinance Rates appear to be making up some ground lost in the last three weeks.  We are still looking at a rate of 5.875% for Colorado Home Mortgage Refinance Rates, but should see this drop by May 1st.  There is a pricing floor to break through before we see any real movements with interest rates.  This current floor appears to be set at 5.875%, and we are quickly seeing the barrier break, which means rates should drop down to 5.75% very soon.  Once the barrier breaks, interest rates will move quickly, and we may see enough activity in the data to lower rates back to our 4 week low.  We will keep our fingers crossed and will continue to report the direction we are moving. 

Consumer Confidence will be reported on tomorrow which should come in similar to Consumer Sentiment.  If this happens we will see another good day for Colorado Home Mortgage Refinance Rates.  Looking at the projections I do have a little bit to be concerned about.  Consumer Confidence has been trending higher then Consumer Sentiment this year. Experts are projecting that Consumer Confidence will actually come in lower then Consumer Sentiment this month.  This raises a bit of a red flag, in the sense that expectations are set too low, leaving room for Consumer Confidence to beat current expectations.  Historically when expectations in economic reports come in higher the projected Colorado Home Mortgage Refinance rates suffer.  Though this is a concern, I would not be too worried; we are still in for some rough economic news.  We expect the data reported tomorrow to be good for Colorado Home Mortgage Refinance Rates. 

Wednesday we will have our big end of the month numbers for GDP, PMI, and Federal Open Market Committee notes.  All you need to know is that we have enough data to break through the pricing floor of 5.875% which should put us back in line for a possible lock recommendation.  I will be making this recommendation at 5.75%.  If you want to gamble gambling may pay off.  Holding out another 10 days or so may get us the 5.5% we have been so desperately trying to get.  I will report more on Colorado Home Mortgage Refinance Rates tomorrow.  Be prepared to Lock quickly in the mean time we still have a FLOAT recommendation on your Colorado Home Mortgage Refinance Rate.  I will be explaining a little bit about the reports being released in the next day or two on www.coloradohomemortgageloan.net/news Sorry about the late post today, stay tuned after 1pm tomorrow for information regarding Consumer Confidence.  In the mean time call me with any of your Colorado Home Mortgage Refinance Rates questions:-)

Colorado Home Mortgage rates are heavily influenced by the economic data released on a regular basis.  The data released by a variety of reporting agencies indicate the direction and current status the economy is in.  These reports are not released everyday and from time to time we actually have a 3 or 4 day lull.  Colorado Home Mortgage rates have a hard time reacting to the lack of data, so in times of light reporting, Investors for Mortgage Backed Securities look to the Headlines for market moving information.  Colorado Home Mortgage rates will be impacted by financial information coming from the stock market.  This information will be scrutinized by investors almost as much as the economic data itself.  Before I get into the headlines, Colorado Home Mortgage rates today saw an improvement from late last week.  We will be keeping our FLOAT recommendation at least for now.  So far everything in the MBS market is indicating improvements,  we may even see a mid day PRICE ALERT: for the better.  I have said many times that investors tend to over react and I believe that this took place last week.  Hopefully we did not have anyone locking in last week.  Those that waited will more then likely see thier risks pay off in lower Colorado Home Mortgage rates.  We will need to stay tuned to April 24th.  We will have the durable goods report coming out and though this report in itself does not make a big impact on the market, it will make its mark.  Colorado Home Mortgage rates will feel the impact because of the lack of data currently seen in the market.  Durable goods will be the 1st big economic report in 7 days and Mortgage Backed Securities will certainly react to the data.  In the mean time here are some of the headlines currently making its way around the market:

Bank of America reported a Profit decline of 77%.  This Profit decline came in credit losses and write downs.  Normally this would be a good sign for Colorado Home Mortgage rates, but Bank of America represents a big part of the mortgage business, and confidence will be low.  Colorado Home Mortgage rates will react neutral overall to this news.  Oil continues to trade at its highest price point ever.  This price point causes some concern for Mortgage Backed Securities, because it signals bad inflationary pressures.  These inflationary pressures cause bonds to be devalued which in return causes Colorado Home Mortgage rates to rise. Finally, we are seeing more analyst and economist predicting that future GDP reports will show that we are heading into a recession “Wow that’s a surprise”  The number of experts reporting this data has increased over the last few months and these numbers represent a similar trend reported in the 2001 recession.  Colorado Home Mortgage rates will respond very well to recessionary pressures.  These pressures will come out in the economic data being reported.  We have our next GDP report on April 30^th.  April 30^th will be a big day and so far preliminary information indicates that the reporting will come in lower then expected, which in return will give Colorado Home Mortgage rates the help it needs.  So we are back to my initial recommendation which is to FLOAT your Colorado Home Mortgage rate for now.  Call me with questions, if you have more time to read go to www.coloradohomemortgageloan.net/news with more information.  

Retail sales numbers were released today and for the moment it appears that it has not impacted Colorado Home Mortgage rates for today.  The Retail Sales Index measures the total receipts of retail and food sales. Retail sales include durable and non-durable merchandise sold and services and taxes incidental to the sale of merchandise. Sales are often viewed ex-autos, as auto sales can move sharply from month-to-month. It is also important to keep an eye on the gas and food components, where changes in sales are often a result of price changes rather than shifting consumer demand.  So how does this impact Mortgage Backed Securities, and more importantly Colorado Home Mortgage Rates?  Simple, if and when the economy reports negative news, Colorado Home Mortgage Rates drop and Mortgage Backed Securities increases. 

Looking at the Market so far today Colorado Home Mortgage Rates have moved up and down slightly over the last two hours, but have not made any major movements.  In fact Colorado Home Mortgage Rates should have started the day a little better because of where the market closed on Friday.  The real show stopper this week will be the two inflationary reports due out Tuesday and Wednesday.  This report will report on what inflation rates were for the month of March.  Its hard to give an unbiased opinion on what I think the inflationary numbers will be, because I have been reading nothing but negative press on what experts expect.  Colorado Home Mortgage rates will most definitely be impacted one way or another in the next two days, the question is which way?  I believe that inflation will report right in line with expectations.  This will be influenced heavily by the cost of energy.  If you are a risk taker FLOATING will pay off, if you just want to sleep well tonight, then LOCKING will be recommended today.  I am implementing a high risk FLOAT recommendation.  Colorado Home Mortgage Rates will see some nice improvements if and when inflationary numbers report in line.  Now keep in mind we have two inflation reports to be concerned about this week and even if the numbers come in good for Colorado Home Mortgage rates tomorrow, the market will not react until Wednesdays reports.  If you want to know the rational for why I believe inflationary numbers will report in line with expectations read my blog on inflation posted a few days ago.  Colorado Home Mortgage rates should remain in line today in anticipation of whats to come.  I will keep you posted.  God bless and have a wonderful day:-)

Two economic reports being released today will have impacts on Colorado home mortgage loan rates.  ISM which reports manufacturing numbers did come in higher then expected.  This report will have a slightly negative impact on the Mortgaged Back Securities market today.  Though the ISM report will be negative for Colorado home mortgage loan rates, the Jobless Claims Report will prove to be the market mover today.  The Jobless Claims Report came in much higher then expected, which will be very damaging news for the economy.  This will translate to a positive movement in the Mortgage Backed Securities market and interest rate improvements should be posted by the end of the day.  We had two reports coming in and both reports are market movers, but the Jobless Claims report carries a much higher impact on market movement.  Colorado home mortgage loan rates should see slight improvements throughout the day.  These improvement would have been greater if the ISM report came in negative, but that just was not the case.  Colorado home mortgage loan rates will move down and .125% change for the better is not unrealistic.  We will maintain a FLOAT recommendation for now, and will update you on any market changes.  At this point you should be safe on the FLOAT recommendation until tomorrow.  Have a great day and keep checking in I will update on any price alerts that take place.

Colorado Home Mortgage Loan programs should see some movement today depending on what is said on Capital Hill.  Treasury Secretary Henry Paulson will be presenting a 218 page plan to help overhaul our financial systems and hopefully put some stability into Colorado Home Mortgage Loan programs in the future.  Henry Paulson will be proposing a plan, supported by President Bush, which will give the Federal Reserve more control of the financial markets.  These Policy changes will quickly impact Colorado Home Mortgage Loan rates by implementing  monetary policy strategies currently utilized by the Federal Reserve.   Today like Friday should be a good day for rates.  I looked at a couple of investors and it appears that they are being slightly conservative to start, but I expect some movement by mid-afternoon.  Colorado Home Mortgage Loan rates should drop again today.  Stay tuned to see how Capital Hill responds and be prepared to Lock your Colorado Home Mortgage Loan rate if something comes up unexpected until then FLOAT remains my recommendation.  Even though I have a FLOAT recommendation I typically tell people to lock when the rate hits 5.5% it is a good rate and it will guarantee you one of the lower rates offered in some time.  Holding out for that .125% or .25%  may cause you to miss out on a Colorado Home Mortgage Loan rate you can live with.  Stay tuned, I just got a Reprice alert and it appears that the market will react well to the Treasury Secretary’s report.  Rates are starting to move down.   Stay Tuned!!!

Colorado home mortgage refinance rates were impacted by two main forces today, Durable goods report and a large injection of bonds into the Mortgage Backed Securities market.  Durable goods report came in earlier then expected and it came in well below expectations.  Initially Colorado home mortgage refinance rates reacted positively to the news and we saw the market price for bonds increase.  The increase in bond prices allows Colorado home mortgage refinance rates to decrease.  Just as things were looking bright for the day, a major portfolio lender injected 1.2 billion dollars in FHA Jumbo loans causing a drastic increasing in the supply of bonds.  Obviously when supply is high and demand is light prices will need to decrease in order to attract investors to buy Mortgage backed securities.  Colorado home mortgage refinance rates increase as bond prices decrease.  This was the primary reason for rates moving slightly higher then expected at the close of buisness today.  Colorado home mortgage refinance rates will more then likely trend upwards slightly tomorrow continuing on from todays trading activities.  Rates will also be impacted by investor confidence in what the Economic reporting will be like at the end of the week.  When you have a big Economic report like GDP being reported it is always easier to wait and see before investing too much in the market.  As investors slow down prices in the security markets tend to drop creating another slight increase in rates.  Right now I am sure that if you have not already locked earlier in the week you are committed to gambling on that fact that GDP will not meet expectations.  If this in fact happens you will see some nice decreases in the rate by mid to early next week.  I am continuing my FLOAT recommendation form earlier today, at this point you have called the market you might as well see if you have a winning hand.  My bet is that Colorado home mortage refinance rates will in fact drop by Monday or Tuesday of next week based on a predicted lower the expected GDP report coming out on Friday.  Check out my other site for more information: www.coloradohomemortgageloan.net/news.  Best of luck and God bless

Daniel 

Please check out  www.coloradohomemortgageloan.net/news.  This site will give you additional information on Colorado home mortgage loan. I try to mix it up between both sites to avoid having too much of the same information repeated.  I believe that there are lots of things that can be talked about in reference to Colorado home mortgage loan and hopefully between the two sites you can get the Colorado home mortgage loan information you are looking for.  Rates pretty much stayed on track and did not change much from yesterdays high point.  I believe that this will carry through tomorrow.  If preliminary news comes out that Economic news due out at the end of the week will be positive we may see rates increase, but this is not likely.  Obviously Colorado home mortgage loan rates are impacted by economic news and its amazing how many investors tend to know the information before it is released.  We will watch this for you tomorrow.  Today I want to touch base on what brokers do to set themselves apart from the rest of the banking community.  I have always told my clients looking for Colorado home mortgage loan programs that  anyone representing you will draw their money from the same sources, what sets brokers apart are the interest rates and costs associated with the Colorado home mortgage loan.  I hope that before you make the decision to close on your Colorado home mortgage loan, that you understand the terms of your loan.  I talk to so many people that have very different perspectives on what they thought they were getting on their Colorado home mortgage loan and what they actually got.  It sometimes takes them years to figure this out and often it happens when they are sitting in my office and I show them the perameters of their loan in the settlement statements they had when they close.  YOU SHOULD NEVER and I mean NEVER Close your loan with the broker or realtor working your transaction.  Your Colorado home mortgage loan should always be closed by a third party title company.  If the title company has an affiliation with either the lender, broker, or realtor you should request another representitive to close your loan.  It is these types of Colorado home mortgage loan closings that I see the most discrepencies in what people thought versus what they got.  As I said many times before we all get our money from the same sources so if it sounds to good to be true odds are its not true.  If gas was $1.23 some where in Colorado how long would that be a secret? not only that don’t you think that the gas station would want everyone to know?  Use common sense here just because you want to hear it a certain way doesn’t mean it will be true.  What typically happens in these situations is that when you do find out the truth you are already so invested in the Colorado home mortgage loan process that typically people do not walk away.  As a broker I represent lots of different lending institutions.  These institutions offer incentives by lowering the interest rates we offer you so that they can attract new buisness to their lending institution.  That is why my rates tend to be lower then any retail lending branch and honestly lower then most brokers altogether.  Give me some time to show you the process and hopefully you will see the benefits of working with a professional.  You will quickly see for yourself whether your Colorado home mortgage loan provider can walk the walk.  I assure you in my office we take pride in what we offer and you will get the Colorado home mortgage loan service you would expect.  Call me some time so we can chat about any questions you have, please continue to monitor my blog and god bless:-) 

Daniel

Most lenders cut off locking Colorado home mortgage refinance options early today due to the closure of the markets.  The next couple of buisness days will be very slow for Colorado home mortgage refinance options.  In observation of good friday Mortgage Backed Securities will not be traded nor will any other financial markets be available.  If you currently have a Colorado home mortgage refinance going on you probably did well with your interest rate if you locked this week.  We had some highs, but for the most part Colordo home mortgage refinance rates stayed steady.  This week end I will go into some detail about the state of the financial lending markets and how Subprime loans are being looked at.  I am starting to see people call me that entered into a Colorado home mortgage refinance 2 or 3 years ago due to their interest rates resetting.  The biggest obsticle we face in our market today for Colorado home mortgage refinance are the home values and the fact that they have not appreciated.  If you have time check out a free value automation site www.zillow.com it is not the most accurate, but it will give you an idea if we are in the ball park to make your Colorado home mortgage refinance an option.  Looking ahead at rates we have some economic reporting taking place next week.  GDP will be released and this is the indicator used to see if we are in fact in a recession.  Durable goods report will also be watched next week giving us some type of indication on where durable goods orders are being taken and delivered.  This will be a sure sign of which direction the economy is heading in the months to come and can have an impact on what Colorado home mortgage refinance rates will be.  Don’t be alarmed if you did not lock yet I still believe we will have a slow day Monday and will be able to capture a few more Colorado home mortgage refinance locks before any major activity starts.  Those who want to gamble may find their rates getting better by .125%, but if the gamble does not pay off you could loose as much as .5%, so again Colorado home mortgage refinance advice:  LOCK  Have a great evening.  Tomorrows blog will be a filler for my SEO attempts for, Bad colorado credit home loan try putting that into a 500 word blog:-)  Hey its what people type in the search engines that cause me to use these terms.  Call if you have questions, and Happy Easter.  I am a spiritual man and am thankful during these times for the sacrafices made for me.  God bless.