Colorado Home Mortgage Loan rates should see improvements this week.
Colorado Home Mortgage Loan rates should see some improvements this week. I just got done looking at the Mortgage Back Securities market and we are right where we left off on Friday. Friday proved to be a good day for Colorado Home Mortgage Loan rates, which showed most of its improvements on this morning rate sheets. We do not have a lot of activity being released on the economic data side. Our next big report will come in on April 24th, when Durable goods release its current numbers. Today Colorado Home Mortgage Loan rates will certainly be impacted by volume and Headlines. I discussed several of the headline topics at www.coloradomortgagebanking.com/news. For now I will focus on the volume component. Obviously when volume is down and supply is high investors will lower their price on Mortgage Backed Securities in order to stimulate buying. Right now the market has seen mixed approaches and Colorado Home Mortgage Loan rates have seen some movement in both directions. We expect that rates will continue this hourly up and down swing, but ultimately over the long term will see rates drop. If Durable Goods come in lower the expected we should see some nice improvements through the end of the month. Right now we are maintaining our FLOAT recommendation until something in the market sparks a must lock situation. We need to keep a close eye on Oil. Oil continues to be the commodity that can make or break the direction the market goes. So far Oil companies have done very little to help the overall state of the economy. This is evident in the astonishing profit growth each of these companies have had in the last 4 quarters. Colorado Home Mortgage Loan rates will be impacted by the level of profitability made by these companies. The cost of oil impacts the cost of production which in return impacts the cost to the consumer. In short when oil goes up inflation tends to be on the rise. When inflation creeps its ugly face into the Mortgage Backed Securities markets, investors begin to see their investments devalued and in return must offer a higher Colorado Home Mortgage Loan rate to compensate the difference. If it were not for Oil prices we would probably be seeing some of the lowest Colorado home Mortgage Loan rates ever recorded. Oil by itself does not move the market, but it does have an impact. With that said everything else in the market signals better Colorado Home Mortgage Loan rates to come. Keep watch and remember call me with any questions.
Tags: Colorado home mortgage loan, Mortgage Backed Securities, Rates
