Colorado Home Mortgage Banking

Colorado home mortgage refinance rates remained unchanged with most lenders today.  There were a couple of lenders that did reprice their loans for the worst as the day progressed.  These lenders anticipating a positive response from the FOCM minutes being released today. However the information released today on the FOCM minutes did not have the positive message that these lenders were expecting.  In fact the minutes indicated that our economy would continue to experience the bad economic issues we face today for some time.  Inflation remains the hot topic when it comes to Colorado home mortgage refinance rates, and the Federal Reserve report would not be complete without some type of statement indicating inflationary pressures.  The FOCM indicated that inflation should be moderate and will likely be that way for the next two quarters.  The message was not negative, but it certainly was not positive enough to move rates in any specific direction.  The good news is that rates will probably remain right where they are through tomorrow.  Most lenders have already priced in a small safety net in case rates get worse quickly.  I will be looking for rates to improve by the end of the week.  Nothing on the horizon has indicated that the economy will rebound anytime soon, which should be good for Colorado home mortgage refinance rates in the near future.  Floating should not hurt, but be prepared for a lock recommendation if the data comes in moving rates back up. 

Tags: Colorad home mortgage refinance, POCM, Rates

This entry was posted on Tuesday, April 8th, 2008 at 11:30 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.