Consumer Sentiment rating 63.2 investor expectations 69.0: Colorado Home Mortgage Refinance loan rates 1 investors 0
Colorado Home Mortgage Refinance loan rates will certainly have some improvement today on news that Consumer Sentiment has hit a new 20 year low. In 1982 the U.S. found itself recovering from the worst Colorado Home Mortgage Refinance loan rates of all time. It was obvious at the time that because jobless claims were high, interest rates were unbearable, and inflation was in double digits, that people were feeling beat and uneasy with the direction the economy was going. Well at the time Consumer Sentiment was at 62.2. Consumer Sentiment rating shows that Americans today feel about the same as Americans in the early 1980’s. So do we now have clear and desisive proof indicating that we are in a tough economic situation? Consumers certainly believe that. When Consumer Sentiment is low consumers choose to save and invest in low risk investments. These investments include, but are not limited to, Mortgage Backed Securities. So for the short term, at least for today, Colorado Home Mortgage Refinance Loan rates are better. I have yet to see any major shifts in pricing, but we will continue to monitor that as the day progresses. Regardless, Colorado Home Mortgage Loan lenders released rates lower today, stopping the daily rate increases shown in the market over the last 96 hours. LOCKING today and capturing some of the losses from yesterday will be a good choice if you are closing soon. If not we have more economic news in store early next week. Next week will be an interesting week for Colorado Home Mortgage Refinance loan rates. Inflationary reports will be released and investors will certainly respond to what they hear. Colorado Home Mortgage Refinance Loan rates will probably start off a little higher on Monday in anticipation to what Tuesday’s and Wednesday’s reports will say. Once the information is released rates will respond quickly. Colorado Home Mortgage Refinance Loan rates will certainly increase if inflation reports higher then expected, likewise they will drop if the reports come in as expected. One nagging issues for inflation’s next week, will be the cost of energy factored into the inflationary data. This is expected to have negative results on the data. However, Given the state of the economy excluding energy, inflationary pressures should come in at or below expectation. The make or break figure will be how much energy contributes to the overall inflation calculation. Those looking to FLOAT may see the gamble pay off. Tuesday and Wednesday will tell us where we stand. The last two Inflationary reports came in as expected just an FYI. . .
Tags: Colorado home mortgage refinance loan, Consumer Sentiment, inflation, Rates
