Colorado Home Mortgage Loan

Colorado Home Loan rates should react well today.  Like Friday, news continues to come in that will make a positive movement for Colorado Home Loan rates.  Treasury Secretary Henry Paulson has been talking to Congress about a Bush backed plan to help overhaul our current Financial system.  This overhaul will basically put the Federal Reserve in charge, allowing them more control over monetary policy.  Initially I am against more government control on free markets, but in this case, the Federal Reserve does show signs that are Mortgage Backed Securities friendly.  Translation, they help our Colorado Home Loan rates drop.  Lenders who have released their Colorado Home Loan rates earlier today have already issued a new Price Alert for the better.  This week may prove to be a strong lock recommendation if and when rates hit the 5.5% range.  We are close and should take advantage when in fact that does happen.  Right now we still have the FLOAT recommendation on the expectation that rates should continue to improve today and into tomorrow.  Stay tuned for the LOCK recommendation which may happen late today or tomorrow.  We are waiting for Mortgage Backed Securities to hit the 101.5 price range for the 5.5% coupon when this happens Colorado Home Loan rates should be at the 5.5% range and locking will be recommended.  Sometimes it is best to know when to hold-em and know when to cash in:-) I bet you thought I was going into a Kenny Rogers song (I don’t think so).  Best of Luck, if for some reason we hit  the 5.375% range which currently is unlikely, I will implement an automatic lock for anyone not currently locked.  Call me with questions on your Colorado Home Loan, I am very accessible and enjoy talking to you.
Daniel