Colorado Home Mortgage Banking

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 Loan rates appear to be on the rise yet again.  I will get into the more technical reasoning on why at www.coloradohomemortgageloan.net/news.  For now let’s keep things simple.  Colorado Home Mortgage Loan rates continue to climb on information being released that inflation has begun to increase higher then expected.  So far we have seen the biggest increases since 2007 and it appears that we are not slowing down.  Let’s take a look at the variety of economic reports which came out today and had an impact on where Colorado Home Mortgage Loan rates were heading.  The first was Retail Sales which came in better then expected but not enough to show any strong improvements with our Economy.  It was enough however to move Colorado Home Mortgage Loan rates in the wrong direction.  I don’t know why the increased level in sales was such a surprise.  I honestly believe that the consensus was set too low.  In a society willing to spend whatever they have what else do you think could happen as millions of Americans received tax refund checks.  This should not have been the surprise it was and it certainly should not have caused Colorado Home Mortgage Loan rates to move the way they did. 

Colorado Home Mortgage Loan rate movement can be contributed mainly today to the on going negative inflationary news being released by economic data and media attention.  Colorado Home Mortgage Loan rate sensitivity is at an all time high especially on anything related to inflation.  Import and Export prices were released indicating increased price movement over last month.  This is an inflationary report and will have an impact over today’s Mortgage Backed Securities market.  The consensus for Import and Export prices were that prices would remain unchanged, but in stead it came in showing an increased price movement.  The price increase indicated that inflation was on the rise and as a result the market reacted accordingly.  The pressures realized in the report created more upward movements in Colorado Home Mortgage Loan rates.  I am not sure why experts though inflationary pressure would be lower this month then last month, but that is what the consensus stated.  I am a bit surprised that the consensus on price movement was so low, I would have predicted some movement but I guess that is why the experts release the consensus data in the first. 

Colorado Home Mortgage Loan rates reacted to one other economic report being released today which was the Jobless Claims report.  This report came in worse then expected and was the only report today that should have helped Colorado Home Mortgage Loan rates.  However the news was not good enough to stop the upward movement already felt in the Colorado Home Mortgage Loan rate market.  Inflation is obviously the primary concern right now and the Federal Reserve Board is not holding back.  We have heard from several members lately that inflation is quickly becoming the Boards Primary objective.  Yesterday Charles Plosser went on record expressing concern and his focus on a growing inflationary problem.  The message delivered by Charles Plosser could have in itself created much of the movement felt today on Colorado Home Mortgage Loan rates.

 Finally it has become increasingly more difficult to put a LOCK or FLOAT recommendation in place but here are the facts and you make the decision.  If CPI reports higher then expected tomorrow Colorado Home Mortgage Loan rates will continue to climb even higher then current rates.  We are at a point where the price ceiling has been breached and Colorado Home Mortgage Loan rates will move up quickly.  If you are going to close in the next 10 days then LOCKING would be recommended.  The risk reward is not that good.  If you have time to gamble then a lower then expected CPI report will have rates improve quite a bit.  We just don’t know how much the inflation fears will continue to cause Colorado Home Mortgage Loan rates to move.  One thing to think about current Lenders have hedged themselves a bit too much putting them in a safer position.  In the mean time they are putting consumers in a position where Colorado Home Mortgage Loan rates are about .25% higher then they should be.  This is why a low CPI report should move Colorado Home Mortgage Loan rates down fairly quickly.   I will talk a lot more about interest rate movement on www.Coloradohomemortgageloan.net/news but for now LOCK if you are closing in the next 10 days, FLOAT if you have over 15 days before closing.

Call me with your Colorado Home Mortgage Loan questions.

Daniel   

Colorado Home Mortgage Loan rates increase again on positive Durable Goods data.  The Durable Goods report came in better then expected showing only a .5% negative increase versus the projected .7% decrease.  The news sent Colorado Home Mortgage Loan rates on an up hill climb.  Today we will certainly see Colorado Home Mortgage Loan rates around 6.0%.  Though the information came in better then expected, historically the figure is still considered poor for industry standards.  The positive driving factor in Durable Goods came from its core component, which showed a positive growth of 2.5% versus the projected .7% decrease.  This was viewed by many experts and investors as an extremely good sign for potential recovery.  It should be noted that the durable goods report still indicated a declining figure which means that manufacturing sectors are still contracting. Investors are putting all their bets on the Core component which actually showed a positive growth figure.  I made the recommendation to FLOAT and those who FLOATED will be paying a higher price today for their Colorado Home Mortgage Loan rate.  I will continue to push the FLOAT recommendation through Thursday, because at this point most of the damage in Colorado Home Mortgage Loan rates has already taken place.  Locking your Colorado Home Mortgage Loan rate now would have you locking at this months high point.  You have already demonstrated that you are willing to take risks so you might as well ride out the other reports coming in over the next few days.   We also have preliminary GDP being reported today which could bring things back a bit from the low points felt this morning.

Colorado Home Mortgage Loan rates have also been impacted by Crude Oil.  Crude Oil appears to be loosing some ground which investors are viewing as a positive for the equities market.  Money will be pulled out of Mortgage Backed Securities in order to capitalize on a growing equities market.  When money is pulled out of the bond market demand decreases, which in return, increases Colorado Home Mortgage Loan rates.  It is still such a volatile market today and investors are trying to get ahead of the next buying and selling trends.  Thank god I do not have to be the person selling and buying bonds it can be a real tough industry to be a part off.  Investors, as they try to get that upper hand, tend to over react to market news very quickly.  Today we may have seen a little over reaction which has caused Colorado Home Mortgage Loan Lenders to do the same.  This is the biggest reason we have seen increases in Colorado Home Mortgage Loan rates so far today.  It will take poor performing economic reports to bring things back in line and as I look at the economic reports forecasted in the next 3 days we will see plenty of opportunity to bring the market back.  Colorado Home Mortgage Loan rates are priced much higher today then what was seen Thursday and Friday of last week.  Those of you that Locked your Colorado Home Mortgage Loan rate when the Lock recommendation was in place, good job you can breath easy and know you have Locked in a good rate.  Those of you that took the risk to ride out a better rate are natural gamblers (I like that) and should now just hold tight on the FLOAT recommendation.  We may see Colorado Home Mortgage Loan rates continue to rise this week if the data continues to come in better then expected, however I do believe we will see rates drop down again in the weeks to come.  We are seeing bits and pieces of data indicating that we are on our way up, but consumer sentiment and consumer confidence indicates consumers buying tendencies.  With those reports coming in lower and lower every month I can’t help but to believe that consumer spending is down, which is basically the core component in our economy.  If we do not have money circulating through the economy in the volumes we are accustom to, it is hard to show any sustainable future growth prospects.  It is only when people begin to react positively to the economy that true recovery will be felt.

Please check out www.coloradohomemortgageloan.net/news for more info and call me with any of your Colorado Home Mortgage Loan questions.

Daniel    

Colorado Home Mortgage Loan Rates saw its improvements continue today.  Consumer Confidence came in low but it did come in as expected.  Normally when expectations are met Colorado Home Mortgage Loan Rates begin to rise.  This does not seem to be the case in the market today.  Colorado Home Mortgage Loan Rates did shift lower today, but not enough to break through the current pricing floor.  The market has shown signs that a break through will happen, but it will take the variety of economic reports coming out tomorrow to make any real lasting effects on the Colorado Home Mortgage Loan market.  We can now get 5.75% for anyone looking to take the risk out of the market locking today may pay off.  Personally my recommendation remains as a FLOAT.  We believe the information being released tomorrow will be positive for Colorado Home Mortgage Loan Rates, and we are hoping that this will carry over the next couple of weeks.    Stay tuned tomorrow for breaking news on Colorado Home Mortgage Loan Rates, each report will impact the market differently and I will keep you posted.  Best of Luck and call me any time.