Colorado Mortgage
Sorry about the late Colorado Mortgage post, but today will go down in the books as one of the biggest rate changes that I have seen for Colorado Mortgage options in awhile. If you took the Lock recommendation late yesterday and early today then you will be happy with your Colorado Mortgage rate. The Federal Reserves lowered short term interest rates which will have a positive impact on Colorado Home Equity Loans. If you are looking for longer term Colorado Mortgage rates then you will be looking for awhile those rates increased today by about .5% through the day. The Federal Reserves continues to throw the Mortgage Backed Securities market into a frenzy and a state of confusion. Colorado Mortgage rates went up Colorado Home Equity Loans went down. Seeing that Colorado Home Equity Loans are a thing of the past all we care about is the Colorado Mortgage loan rates. Ok. I know it sounds repetitive but I think I can get my web master off my back and just stick to the basics now. Inflation was a concern it should not have since we all projected a 1% decrease in the federal funds rate, but it came to the surface again and investors were reminded that inflation hurts colorado mortgage bonds and those that are holding those bonds. It sparks a sell off and when mortgage backed securites drop in price interest rates go up. I believe that investors were in a state of shock and over reacted. I believe a little ground will be made up in Colorado mortgage rates tomorrow, but they will not return to what we had this morning and if you locked which most of my clients did you should be very happy that we got the rates we did. Most of you got between .25% -.5% lower then what was quoted not a bad rate for your Colorado Mortgage. Those who have Colorado Home Equity loans should think about calling their current lenders to lock those rates in place. Just a thought:-)
Tags: Colorado home equity loan, Colorado Mortgage, federal reserve, loan, Rates
