Colorado Home Mortgage
We had a variety of Economic reports coming out today which will impact Colorado Home Mortgage rates. Colorado Home Mortgage rates are influenced by the activities in Mortgage Backed Securities, which consequently are influenced by real time economic activity. Real time Economic activity will be reported by Economic reports which are updated 5 or 6 times a week. Today’s economic reports had a variety of mixed signals for investors. On a positive note GDP, Corporate Profits, and Jobless claims all came in as expected. Only one report came in worse then expected and that was PCE (Personal Consumption Expenditures). This report measures inflationary pressures due to spending habits displayed by consumers. When PCE figures are low inflationary figures will also trend low. Normally this would be a very good sign for Colorado Home Mortgage rates. I still believe that rates will improve slightly over the next week or so baring any major economic anomaly forcing rates up. Based on what we are seeing today rates will go up slightly. Investors who used caution before in their investing techniques may choose to be a little more bullish today. This boost of confidence really does not make much sense to me, because it is based on the fact that investors predicted the economic reports correclty today. What they will come to find out very quickly is that these numbers are still bad for the economy so bad in fact that the economic data now coming out have reached the low points of 2001, and yes we were in a recession at the time. Look for Colorado Home Mortgage rates to follow a bit of an up and down approach, but waiting for a low period may pay off as early as late next week. Lets just hope rates do not move up to much to off set the risk of gambling on lower interest rates next week.
