Bad economic news TOP STORY TODAY: Colorado Mortgage
Bad economic news continues to be the top story in the market. This has created a new demand for Mortgage Backed Securities. Colorado Mortgage rates should see nice improvement today as bad economic news pushes investors towards Mortgage Backed Securities. Unemployment figures came in at its worst level since 2003. Also making headlines was the Employment Situation Report which reports a number of different employment related data. The Employment Situation Report like the Unemployment report, did not have anything good to share. This information will cause investors to move money out of high risk investments making Mortgage Backed Securities a popular alternative investment. Colorado Mortgage rates already released this morning show .25% better then yesterday. This Colorado Mortgage rate reduction makes up all the ground lost in the last week. If the trend continues we may see rates drop a little further by Monday or Tuesday of next week. I always tell people be cautious of waiting to long to LOCK. I have been burned way to many times to watch other people walk straight into fire. When Colorado Mortgage rates are good then LOCK. If Colorado Mortgage rates appear to be dropping in the near future, then FLOATING is recommended. Right now I will give it about an 80% chance that rates will continue to drop into next week, but we will have to wait and see for that to happen. Today if Colorado Mortgage rates drop to a point that is satisfactory to you then LOCK don’t wait. Only LOCKING will guarantee you a Colorado Mortgage rate. We have Economic reports due out just about everyday, and next week is no exception. Investors are praying for some good news and if the economic reports next week show any light of hope Colorado Mortgage rates will begin to go up again. I wrote both my blogs today and during that time I have had two Colorado Mortgage price alert changes for the better:-) We will continue to Monitor Colorado Mortgage rates, but if you can get a Colorado Mortgage at 5.5% fixed then LOCK. I can get that for you right now, which means LOCKING will be recommended. If you want to ride it out Floating will not be too risky, it just will not guarantee a Colorado Mortgage fixed rate at 5.5%. The choice is yours:-)
Daniel
Tags: Colorado Mortgage, economic reports, Mortgage Backed Securities, Rates
