Colorado home loan
Colorado home loan programs will be impacted today by how the media and investors portray the economic news being released. When the news about the economy is good Colorado home loan rates tend to increase as investors find it more profitable to invest in the stock market. When economic news is negative investors again react pulling money out of high risk investments and locking into Mortgage Backed Securities which are consider less risky sending Bond prices up and Colorado home Loan rates down. The only news to speak of was the New home sales which showed an increase from last quarter of 5.03 million versus the projected 4.85 Million. This sends the message that the economy is recovering and forces rates up. I just got an update from one of my Colorado home loan lenders for a reprice and pricing has gotten worse. Hopefully we got you locked in this morning if not Locking may still pay off if the news later this week shows GDP increasing more then expected. Call if you have questions. Best of luck.
Daniel
Tags: , Colorado home loan, Rates
