Colorado Home Mortgage Banking

Colorado Online Mortgage rates found some good things happening in the market today.  The Economic data released earlier in the morning opened the door for some additional drops to an already low Colorado Online Mortgage rate.  Housing starts did not come in any different then what I had expected which was slightly higher then what the consensus was.  The big news of the day came from the consumer sentiment reading which showed that consumers today are far more concerned about where the economy is headed then ever before.  Consumer Sentiment came in at a 24 year low, it’s hard to put your hands around it, but we are actually hitting numbers close to what we may have seen around the great depression time periods.  People have very little faith and investors are beginning to listen.  Colorado Online Mortgage rates always do better during difficult economic times. 

Today I have implemented a strong Lock recommendation for all Colorado Online Mortgage rates.  The recommendation came in early today and continued as Colorado Online Mortgage rates finally came back in line.  I was able to lock another 6 loans at or under 5.75%, depending on what these clients were looking for.  If you had a loan in the pipeline odds are you are now locked into a rate you can live with.  We have also seen the re-introduction of the Colorado Online Mortgage ARM product which is being offered at an extremely low rate.  4.875% can be your 5 year fixed Colorado Online Mortgage rate if you choose to have it.  The Product does adjust after the 5 years, but we have had many people lock in to capitalize on this unique offer.  Colorado Online Mortgage rates should continue to see some good things happening, especially if the inflationary reports due out on Tuesday come in below expectations.  It appears that the investors may be gearing up for another heavy volume summer especially if they continue to offer the 5 year fixed rate below 5%.  We have not seen this type excitement in Colorado Online Mortgage rates since the refinance boom of 2001-2003. 

After a great Colorado Online Mortgage rate start, the market did drop a bit late this afternoon.  This could be in reference to Profit Seekers in the Mortgage Backed Securities market.  These terms and any other term related to economic reporting can be found at www.Coloradohomemortgageloan.net We are trying to keep thing simple here.  The live Mortgage Backed Securities market feed showed a late day increase in Colorado Online Mortgage rates and if you still have the ability to lock at or under 5.75% then my recommendation is to do just that.  Investors may get a little concerned about Core PPI which will be released on Tuesday.  If the Data comes in indicating inflationary pressures you can count on bond prices to drop down from where they are at now.  If this happens Colorado Online Mortgage rates will go up.   Please take a minute and look at my other site to get some of the details about the reports coming out next week.  Take some time today and lock in your loan if you can.  5.75% should not carry any costs and will put you in a good Colorado Online Mortgage rate.  Best of Luck and call me with your Colorado Online Mortgage rate.

So far we have seen a lot of activity in the mortgage backed securities market, but we have not seen Colorado Online Mortgage rates move from yesterdays closing bell.  The market continues to focus on headline news and so far it appears that the news is light.  A couple members of the Federal Reserve did moan and grown about inflation, but so far it has not caused Colorado Online Mortgage rates to go up.  Inflation will be a hot topic for some time, especially as oil continues to rise.  I am seeing reports online that have indicated that the oil reserves may not be where they thought they would be, which will certainly increase the cost of oil.  Fear of supply always translates to higher prices.  Colorado Online Mortgage rates will take hits as long as oil continues to rise. 

I will not go into a long drawn out discussion on my belief’s as it relates to oil, but think about this; If Oil companies are currently setting record breaking profitability quarter after quarter, eventually that profitability has to slow down.  Well one way to continue the profitability increasing is to create fear about supply issues.   I wonder who is pushing these reports and how accurate they really are.  It is truly a monopoly and we are at their mercy:-(  Colorado Online Mortgage rates are not the only thing impacted by these companies our economy as a whole feels the pain.  Politicians are taking notice, but no one is taking action.  Anyways I can go on and on, but the fact of the matter is that we have a real problem in store as it relates to inflation, and that problem originates from oil.

Colorado Online Mortgage rates are seeing small improvements from a variety of smaller economic reports being released today.  Productivity appears to be high, but inflationary pressure related to Non-Farming industries appears to be lower then initially expected.  Taking out the cost of fuel from the inflationary data inflation appears to be trending considerably lower then expected.  Americans are just not spending at the same rates the once were.  Colorado Online Mortgage rates appeared to be trending in safer waters, but not enough to change the rate below the current 5.875% figure being reported.  Pending Home sales index also registered another decrease in Home sales.  It appears that the negative sales growth in Home sales has not slowed down yet.  This also tends to be good news for Mortgage Backed Securities, and home sales did came in line with investor projections.

I don’t expect a lot of activity that will change Colorado Online Mortgages rates for the better or for the worse today.  I will keep my Lock recommendation at 5.75%, and today that LOCK does carry a bit of a cost.  5.875% does appear to be the going rate for our 30 year fixed rate programs with no points.  I will keep you posted on some additional economic information tomorrow, especially since we do have the Jobless claims report coming out.  Jobless Claims will make Colorado Online Mortgage rates move in one direction or the other depending on how the data comes out.  In the mean time call me with any of your Colorado Online Mortgage questions.  When you have time find out more about the economic reports being released today and how they impact Colorado Online Mortgage rates at www.coloradohomemortgageloan.net/news  

Daniel

Some very unexpected news in relation to employment numbers hit the market first thing this morning.  As a result Colorado Online Mortgage Rates hit this weeks peak.  We saw a glimmer of hope on Wednesday and again Thursday morning when Colorado Online Mortgage Rates dropped, but much of the rate reductions given on these two days been now been loss due to better then expected economic data.  Thursday afternoon and now Friday had several reports come in better then expected.  Nothing more damaging then the Non-farm Payroll numbers which reported almost 3 times higher then expected.  This came out of no where and it has caused Colorado Online Mortgage Rates to increase about .25%.  We are now looking at rates in the 5.875% range for those thinking about locking your Colorado Online Mortgage Rate.  Our recommendation at this point is an easy one and that is to FLOAT. 

The Non-Farm payroll Employment report looks at employment figures for all business sectors accept agricultural.  This report comprises the biggest employment sector in our economy and is a good measure of economic stability.  Colorado Online Mortgage rates will certainly react to the data being released.  Investors will typically buy Mortgage Backed Securities when economic data signals are weak, but when they come out strong like they did today, investors are more likely to sell.  The selling of Mortgage Backed Securities will cause Colorado Online Mortgage rates to go up.  The problem with this report, and the part I don’t like, is that it can be adjusted at a later date.  So numbers being reported may adjust up or down depending on what the actual data comes in at.  Several survey firms gathering preliminary numbers showed a significant difference in the data that was expected versus the actual employment numbers released today.  This leads me to speculate on future adjustments.  Regardless investors take each economic report as it is written and the Colorado Online Mortgage Market reacts accordingly. 

Luckily we have some light reporting next week, which means that the Headlines will dominate most of the movement for Colorado Online Mortgage Rates.  Though the reporting will be light,  We do have a couple of reports coming out that will impact Colorado Online Mortgage Rates. Two reports to keep an eye on, one on Monday ISM Service report and one on Friday, Jobless Claims.  Monday we will have the ISM Sector report.  This report does give us an indication of inflationary pressures in the service sector.  The Federal Reserve tends to keep a close eye on this report and you can bet that the Colorado Online Mortgage market will watch it too.  Remember inflationary numbers are bad for Colorado Online Mortgage Rates.  So we are hoping to see this months ISM report come in as expected.  Finally Jobless claims have been reporting poorly for two months and it is projected to come in low again.  If this happens we should see rates improve again.  Stay tuned and have a great weekend.  Call me with your Colorado Online Mortgage Rate questions. 

Quick note I just logged into the market and it appears that we are beginning to recover some of the losses felt earlier today, we actually made back everything lost so far this morning.  That is good news going into the weekend:-)

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.

Investors in the Mortgage Backed Securities market continue to amaze me.  Today Durable Goods came in weaker then expected which should translate to positive movement for Colorado Mortgage Rates.  So far today Colorado Mortgage rates have gone up about .125% to .25% the reasoning still baffles me a bit.  We had three Economic reports coming in Durable Goods, Jobless Claims, and Home sales.  Colorado Mortgage rates will certainly respond to the data released in each of these reports.  Durable Goods came in below expectation and should have a positive impact on Colorado Mortgage rates.  Home sales came in far below expectations which again should be good for Colorado Mortgage rates.   Finally, Jobless Claims did come in better then expected, but this report does not typically move the Mortgage Backed Securities market that much.  This will drive some of the movement in the Colorado Mortgage market, but overall the news should be positive for Colorado Mortgage rates.  So the question is why has Colorado Mortgage rates not improved.  The only reasonable explanation to me has been the recent activity seen in reports about corporate profits.  Ford Motor Company posted a profit which exceeded expectations.  Ford Motor Company continues to be a market leader and positive profit news will be positive news for stocks.  Though Ford exceeded expectations we continue to see other companies reporting their expectations far below investor’s projections.  In short the Ford profit increase, though good for stocks, will not be good enough to make up for all the other companies.  We may still be feeling some of the effects of yesterday’s news on the 1Q 1.7 Billion Dollar loss from Ambac.  The reason this is so significant is that Ambac is an insurance company backing current Mortgage Backed Securities in the event of default.  If a company like this has issues it rocks the Colorado Mortgage sector to its core.  Fear spreads like wild fire and investors begin to react.  Investors tend to come back in line after a few days when stock investments begin to loose there appeal.  This happens as more and more companies report negative profit gains for the 1Q.  We should see these things come back in line soon.  We are still at a high point and my Recommendation remains as a FLOAT, the issue we are facing in the economy will become headline news again and rates should start dropping again.  The good news now will be the lack of Economic data over the next 6 days and investors begin to speculate on what will be reported on April 30th.  April 30th will be the deciding factor for the month of April, and will be what makes or breaks Colorado Mortgage rates for the month.  If it is getting to hot and you want to cut losses and Lock your Colorado Mortgage Rate, we will more then likely be locking you in at 5.875%.  Most of my clients were promised 6.0% or below and my goal continues to be 5.5%, but the likely hood of 5.5% becomes tougher and tough each day.  The Colorado Mortgage market over the next 45 days indicates that locking in at 5.75% should be our goal and a Lock recommendation will be made at 5.75%.  If your Colorado Mortgage closing date is beyond the 45 days we can still hold out for 5.5%.  Let’s use caution, but so far the data still indicates improvements are on the horizon.  Stay tuned and please call me with your Colorado Mortgage needs.

Today should be a light trading day for Mortgage Backed Securities.  As a result Colorado home Loan rates will fluctuate up and down throughout the day.  At this point if you have not locked your Colorado Home Loan rate you have basically committed that you will float through tomorrow.  We will be getting the Durable Goods report which reports the number of new orders placed with domestic manufacturers for immediate and future delivery. Durable goods are items considered to be useful for at least three years (such as vehicles, large appliances and computers.) 

Last month the Durable Goods report came in with negative growth number sending Colorado Home Loan rates immediately into favorable pricing.  Investors have set their expectations tomorrow indicating minimal growth in this category.  I believe that the expectation is still to high and that for the second straight month we will see negative numbers.  I will tell you why.  Durable goods growth indicates expansion in the economy.  In order to report positive growth for Durable goods companies would have to be projecting future increases in production.  Right now all the signs in the market indicate that production has decreased.  If we have decreased production will companies be focusing on increased future production? If I am right about the Durable Goods number we should see Colorado Home Loan rates improve. 

The last thing to monitor will be the Mortgage Backed Securities market today.  No matter what you want to believe there will always be some insider trading going on and if we see any major trends in the market it might be a preview for what is in store for the reports due out tomorrow.  So far the Mortgage Backed Securities market has traded down causing Colorado Home Loan rates to increase slightly today.  We definitely do not want that type of trend, because it could indicate that tomorrows Durable Goods report will come in higher then expected.  If that is the case Colorado Home Loan rates will certainly increase over the next few days.  Stay tuned for a late day buying frenzy if this happens I would bet that the report tomorrow on Durable goods comes in lower then expected.  Just my opinion, but lets see what happens.  I will keep my FLOAT recommendation in place and maybe by this time next week we will be able to lock in 5.5% yet again.  Stay tuned and call me with any questions.

The last couple of days have been ugly for those trying to lock their Colorado Home Loan.  We saw Colorado Home Loan rates increase about .375% - .500% depending on the lender in just two days.  If you look at the previous couple days blogs you will see why rates increased, but I will also give you a quick recap.  Inflation will always play havoc on Colorado Home Loan rates.  After the Producer Price Index report came out on Tuesday, investors began to sell off their Mortgage Backed Securities in great numbers.  The supply obviously reduced the price, which in return increased Colorado Home Loan rates.  On Wednesday the Consumer Price Index came out and it read as expected.  Normally this would be good news for Mortgage Backed Securities, but news in the stock market created another sell off of Mortgage Backed Securities.  Reports of several key companies indicating better then expected Profit earnings, sent hope of economic recovery.  This allowed investor the confidence needed to invest in the stock market and in return funnelled monies out of the Mortgage Backed Securities Market.  Due to this Colorado Home Loan rates again loss some ground yesterday.  Today we have had three economic reports come out.  These reports in themselves are not market movers, but together will have impacts on the market.  Jobless Claims, Leading Indicators, and Philadelphia Fed Index all came in at or below expectations.  The numbers show that we still have some major work to do to get out of the current economic down turn and should start seeing rates improve again.  Its scary how quickly rates can move up, but over the last year we have seen much of the rate increases drop back down over time.  The key is to lock in at the right time.  I always say that 5.5% is the bench mark Colorado Home Loan rate to lock and so far that philosophy has done well for clients locking at that rate.  FLOAT remains my recommendations and hopefully over the next few days rates will start coming back in line.  Today the Mortgage Backed Securities market appears to be flat probably recovering from the selling frenzy that took place over the last couple of days.  A Flat market is a good market because the bleeding has stop at least for now.  We may see a small dip before we see a recovery, mainly due to volumn in the market.  Light volumn typically drops pricing in the Mortgage Backed Securities market.  Colorado Home Loan rates will begin its recovery as soon as we have any reports stimulating volumn in the market again.  We had a couple of good days for the stock market, but we are not out of the woods when if comes to negative economic reports and the moment that information hits the market again will be the moment we see Colorado Home Loan rates drop.   We have very light reporting on economic indicators over the next 2 weeks.  April 30th will be a big day for Colorado Home Loan rates so we will need to keep a close eye on what reports will be released.  For now unless we have big positive news for the stock market things should start recovering.  A good way to monitor what Colorado Home Loan rates are doing is to see whether the stock market is up or down.  Odds are if stocks are down Interest rates are down.  If stocks are up the interest rates will be up as well.  With very little economic news to report the biggest driver will be the stock market.  Colorado Home Loan rate recommendation remains as FLOAT. Call me anytime if you have questions, until then best of luck and God Bless.

Daniel

The last 4 or 5 days have kept me on edge in anticipation of what was to be reported in the inflationary numbers category. Colorado Home Mortgage Loan rates have reacted negatively so far.  Investors tend to over react mainly to avoid holding on to the short end of the stick if the data comes in unfavorable to what ever position they have taken in the market.  Consumer Price Index reported this morning and the reports were right in line with expectation.  Though many investors consider the data to be unfavorable the data was already priced into the market.  We should see some rebounding in the Mortgage Backed Securities market over the next day or so.  Colorado Mortgage Loan rates should make up some of the losses felt yesterday, however we probably will not recover all the losses until sometime early next week.  We will need a couple more economic reports to come in with negative economic forecasts for that to happen.  Colorado Home Mortgage Loan rates should see about .125% to .25% improvement in rates by the end of the week.  This should make FLOATING a good risk.  Stay tunned and see if the market has any pricing alerts.  Until then Call me with any questions.  Finally the industrial numbers came in and the reports did indicate that we expereinced a mild amount of growth which is off from investor predictions. Normally this would be bad news for Colorado Home Mortgage Loan rates, but we also had the housing starts report come in and that came in at a 17 year low.  All in all we had a number of reports impacting Colorado Home Mortgage Loan rates however the trend is showing improvements for today which will hopefully carry us through the end of the week. 

I did take another quick glance at the Mortgage Backed Securities markets and so far today interest rates are remaining flat, however this may be due to the stock market increases seen so far.  Nothing in the reports show anything that should put up any concerns, but as usual stay tuned.  God Bless:-)  

Daniel

Investors have been holding tight in anticipation of what today’s Corporate Profit reports will be.  Mortgage Backed Securities should see some nice gains if the profit reports come in below expectation.  Information on corporate profits have already leaked into the market and so far, the signs indicate that profits will indeed come in lower then expected.  Colorado Online Mortgage Rates should see some improvement later today.  Colorado Online Mortgage Rates released early this morning started off a little higher then expected.  Lenders in the last 3 days have taken an extremely conservative approach in offering their Colorado Online Mortgage pricing.  We are hoping that these lenders come to terms about where Mortgage Backed Securities are and reprice for the better soon.  I will continue to have a FLOAT recommendation, until something in the market indicates that rates will go up.  So far that has not been the case.  I am still a little baffled at the fact that Colorado Online Mortgage rates have gone up over the last three days.  The only reason I see for the rate increases is the amount of bonds being supplied into the market.  Over supply will always have a negative impact on Colorado Online Mortgage Rates.  To add to the over supply issue Citi Group announced just this morning that they were putting up another $12 Billion dollars in bonds to be sold on the open market.  This will have a negative impact with Colorado Online Mortgage rates.  The real question is what will impact the market more, bad corporate profits, or over supply of bonds?  Ultimately I believe that the negative press on Corporate Profits will prevail.  We will keep an eye on pricing today and will alert you of any major shifts. 

Colorado Home Mortgage rates slipped a little today as compared to Friday’s lows.  Investor used a conservative pricing approach when Colorado Home Mortgage rates were released today.  TPG offered WAMU a $5 Billion dollar bail out to help WAMU’s concerns of a take over by JP Morgan.  This sent stocks up first thing this morning, and had Mortgage Backed Securities looking less then ideal.  Colorado Home Mortgage rates reflected this change first thing this morning and has remained at that level through out much of today.  No major economic reports to speak of, limiting the activity in the market.  When volume is low pricing remains stagnant.  Rates should look very similar going into tomorrow.  At last glance Mortgage Backed Securities appeared to be on the rise.  If we have any disappointing news in the next 24 hours rates should move back to Friday’s lows.  If we have favorable news we probably will not see to much of an increase due to the conservative approach already being taken by investors.  FLOATING today for your Colorado Home Mortgage loan will not be a bad risk,  if you are closing in the next week or so LOCKING may take the risk out of the investment.