Colorado Home Mortgage Banking

Colorado Mortgage rates take another hard hit on global concerns for inflation.  Leading the attack on inflation was Ben Bernanke the head member of the Federal Reserve.  The recent publicity surrounding Inflation concerns has driven investors right out of the Mortgage Backed Securities Market.  Colorado Mortgage rates took about a .5% hit over the last two days and may have caused some major issues for people currently trying to obtain a Colorado Mortgage rate.  I would be talking to your Colorado Mortgage broker and make sure that your Colorado Mortgage rate got locked in.  If it did not you may see some unexpected Colorado Mortgage rate changes.  Don’t let your current Colorado Mortgage Broker beat around the bush ask for a Colorado Mortgage Lock Confirmation, if they can’t supply it odds are they did not get you locked in. 

The only major economic report was the Trade Balance. The international trade balance measures the difference between imports and exports of both tangible goods and services. Imports may slow domestic growth. Exports boost domestic production.  The volatility in the monthly trade balance can play an important role in forecasts of GDP. Net exports are a relatively volatile component of GDP, and the trade report provides early clues to the net export performance each quarter. Growth in GDP will illustrate the basic components in the health of our economy.  Colorado Mortgage rates normally do not get to distracted by this report unless something very unusual is reported as it relates to what was expected.  The report today came in as expected so no major movements related to this report was felt in the Colorado Mortgage rate markets.

We will need to wait for more economic data to see if the direction on Colorado Mortgage rates will keep trending up or if some of the lost ground can be made up.  Regardless much of the increases seen in Colorado Mortgage rates today have come from speculation not an hard economic facts, and because of this much of the losses can be regained.  We will have to wait for more data, but we could see some nice improvements over today in the next week or so.  Inflation is a concern and with the cost of oil at an all time high it should be noted that the concern is legitimate, but so far actual economic data indicates that the reactions felt in the market today may be excessive.  Colorado Home Mortgage Refinance Loan rates are expected to improve a bit once the dust settles, but it will take some time to regain all the ground lost in Colorado Mortgage rates. 

In times of high Colorado Mortgage rates it is important to work with people who understand the market.  We provide our clients with options and when fixed rates are high other options can be considered.  Now the difference between us and the other Colorado Mortgage Broker is that we will educate you on what you need to make the right Colorado Mortgage choice.  Today we are offering a rate at 5.375% which should be considered especially since most of the fixed rate programs right now are around 6.25% - 6.5%.  Regardless of which direction you take on your Colorado Mortgage rate we want to help.  Give us a chance to earn your Colorado Mortgage business you will not be disappointed.

Daniel

Mortgage rates took a hit today leaving some of us wondering if rates will continue to go up.  For the 5th day in a row Mortgage rates increased slightly.  Rates are currently up .375% from Monday and will probably remain that way through tomorrow.  All week we have been saying that the Economic reports due out this week will speak volumes on how mortgage rates will react.  Investors have been pricing in certain expectation into the market and those expectations were confirmed today on a number of reports coming out.  Jobless claims, Corporate Profits, and GDP all came in as expected and investors reacted with confidence.  Investors worked quickly to begin searching for higher returns outside of the bond market creating a drop in Mortgage Backed Securities.  Though investors took the news positively, we should probably take another look at the economic reports posted today.  Jobless claims, Corporate Profits, and GDP all came in lower then the previous quarters and even scarier came in right in line with the same numbers we faced during our 2001 recession.  Why investors are so confident, makes no sense to me.  We are experiencing economic data similar to economic data’s reported during our last two recessionary times.  Mortgage rates should be reacting quite well, but so far that is not the case.  Another report used to measure pressure on inflation is the Personal Consumption Expenditure report which came in low, 20% lower then expected.  The signs all point to mortgage interest rate decreases, but like everything else in this world nothing is certain.  What I am sure of is that typically I do not lock on Friday’s due to lack of activity.  Lets keep the FLOAT recommendation alive until early next week, but lets use caution, we may have to just bite the bullet and lock, we don’t want to have rates moving up like they did 6 weeks ago before making a locking decision.  Good luck and God Bless.

Daniel

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 

Today seems to be starting off nicely for your Colorado Online Mortgage provider.  I have written many Colorado Online Mortgage post talking about the impacts of bad Economic Data on Mortgage Backed Securities.  Today the Durable Goods report was released a day earlier then I had expected.  The Economic data from Durable goods came in considerably lower then what was expected.  This will be good news for Colorado Online Mortgage rates today and should be a signal of whats to come.  Durable Goods data showed a reduction of 1.7% versus the .7% which is what investors were expecting.  This is yet another sign that we have entered into a recession.  We can debate whether we are in a recession or not all we want but the economic data does not lie.  This is good news for Colorado Online Mortgage rates because bad economic news pushes interest rates down as demand for mortgage backed securities increases.  Those that decided to gamble should see rates improve today and if the economic data continues on this trend we will see rates get even better towards the beginning of next week.  I just took a look at Colorado Online Mortgage rates today and we are starting out exactly where we left off yesterday, however I do expect Colorado Online Mortgage rates to improve by .125% before the day is done.  There is one other area that we must monitor and that is the supply of bonds being offered in the market.  When ever a large lending institution releases a portfolio to be sold in the securities market it creates a temporary over supply of Mortgage Backed Securities.  If these MBS do not sell quickly then the price on these investments drop, which will have an inverse relationship with Colorado Online Mortgage rates.  I bring that up because today we had the release of 1.2 billion dollars in newly orginated FHA Jumbo loans  to the market, luckly we have had several investors in the Asian markets jump on the opportunity which help avoid any interest rate increases due to over supply.  My recommendation today will be to FLOAT.  I will let you know as soon as possible when GDP figures are released. 

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

Did you know that you can give yourself a $4000 a year raise by having a mortgage?  Just a quick note in this article I will refer to a home mortgage as a Colorado home equity loan in order to keep my search engine optimization guru’s off my back.  Yes you can give yourself a $4000 a year raise by simply owning a home and by having a Colorado home equity loan (mortgage:-))  A Colorado home equity loan is one of the last simple deductions you can make as a middle class American.  As a home owner with a Colordo home equity loan you can deducte all of the interest paid through out the year.  You can also deduct orgination points from your closing.  You can ask me more about that later.  Here is how it works, lets say you have a house payment of $1500 you will probably see that your house payment on your Colorado home equity loan is broken down into several parts.   Typically your Colorado home equity loan (mortgage) collects for Principle/interest/taxes/insurance/and mortgage insurance.  Your Mortgage insurance and your interest are both tax deductable.  and on a $1500 payment it will probably account for about $1200 total on your Colorado home equity loan (mortgage).  When you multiply that out over 12 months you would have paid $14400, Uncle Sam lets you deduct that from you income which will reduce your tax obligation about $4300.  If you claim zero or one on your W-4’s Uncle Sam takes this from you and returns it in a refund.  My advice is to take it back and use it on a monthly basis.  A rule of thumb when trying to calculate how many deductions to take because of your Colorado home equity loan is:  For every 3000 in interest you pay you can claim one addition deduction putting the money back into your pay check monthly.  In this case, because of your Colorado home equity loan you can have a total of 6 deduction including yourself.  What does that do for you well it will limit what Uncle Sam takes out on a monthly basis putting more money in your pocket.  It is that simple.  So next time you look at buying and you have a maximum payment in mind imagine what you can afford if you add $300 to your income, it could put you in the home of your dreams. 

Colorado home mortgage rates will be impacted by a variety of economic reports currently being posted. The first report the Jobless claims were released early this morning and showed a greater then expected job loss number. This number typically moves Colorado home mortgage rates down when the news is worse. Coloard home mortgage programs will also be influenced by the LEI report which is a leading economic indicator and typically shows what direction the economy is heading. A good report will be negative to Colorado Home mortgage rates and a bad report obviously will be better for Colorado home mortgage programs. I just looked up the information on the LEI and it came in worse then expected. currently the stock market has increased over 100 points, but we will probably see some of those gains lost as investors tend to become a lot more conservative with bad economic news. We should see Colorado home mortgage rates remain some what better today and based on where rates are at it is still a LOCK recommendation. As we all know investors are incredibly unpredictable and if they feel risky and remain in the stock market then we may see Mortgage Backed Securities drop which will increase Colorado home mortgage rates. Today we should see rates remain the same but again I can’t express this enough rates are good sometime cashing in is a win win situation and I will keep my Colorado home mortgage LOCK recommendation in effect. I have 4 clients I will be locking today.