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An office of elite mortgage lending professionals with a common interest and goal focused on providing customer service that exceeds expectation. Thereby building our business from repeat and referral opportunities. Ruth Vogt. LMB 100023827. NMLS 257576. Regulated by the Division of Real Estate. Fairway Independent Mortgage is an Equal Housing Opportunity.

Mortgage Rate Indicators for Denver

Mortgage Rate Indicators for Denver

 Week of October 4th, 2010

Mortgage bond prices ended the week higher pushing mortgage interest rates slightly lower. These mortgage rate indicators were the reason rates improved the first portion of the week tied to weaker stocks and a lower than expected consumer confidence reading. Unfortunately a bounce back in stocks mid week erased the earlier positive movements. Income, outlays, and ISM data Friday morning all came in near expectations helping post some overall improvements for the week. The balance of the mortgage rate indicators resulted in rates finishing the week better by about 1/8 of a discount point.

The employment report Friday will be the most important release of this week's mortgage rate indicators. Factory orders data the beginning of the week will set the initial tone for trading. The ADP employment report Wednesday could also result in some mortgage interest rate volatility.

Below is a chart of the activity, date, estimate and analysis of this week's mortgage rate indicators.

Economic Factors

Economic Indicator

Release Date Time

Consensus Estimate


Factory Orders

Monday, Oct. 4, 2010

Down 0.5%

Important mortgage rate indicators . A measure of manufacturing sector strength. A larger decrease may lead to lower rates.

ADP Employment

Wednesday, Oct. 6, 2010


Important mortgage rate indicators . An indication of employment. Weakness may bring lower rates.

Consumer Credit

Thursday, Oct. 7, 2010

Down $1.1 billion

Low importance as mortgage rate indicators. A significantly large increase may lead to lower mortgage interest rates.


Friday, Oct. 8, 2010

9.7%, Payrolls -15k

Very important mortgage rate indicators. An increase in unemployment or a large decrease in payrolls may bring lower rates.

Watching mortgage rate indicators is never enough.

Obtaining a mortgage is often a confusing task that can also lead to frustration. The reason for the confusion is due to the fact that mortgage financing is complex. The good news is that this complexity provides consumers with options and choices best suited to fit their needs. Working with a mortgage professional that can help you understand mortgage rate indicators as well as the mortgage process is paramount in making your mortgage a pleasant experience.

Everyone's financial position is unique. Some people have large cash reserves that can be used for down payments while others want to get into a home with little or no money down. Credit ratings vary from person to person. In addition, future plans vary. Some people plan on staying in their home for the rest of their lives while others only plan on staying for a few years.

These facts alone make comparing your mortgage to your neighbor's based on rate alone a flawed endeavor, yet many people attempt to do so. Admittedly, everyone wants a good deal. Keep in mind that comparing rates is just one component of the entire mortgage. Other variables include the term, down payment requirements, income qualifications, credit ratings, reserve requirements, current debt, prepaid points, and many more.

A mortgage professional is able to take all of these variables that are unique to each individual and help a person obtain the mortgage loan that works best for their situation. The service they provide is time consuming and complex. However, the rewards of dealing with a professional carry forward throughout a borrower's life. Making wise financial decisions today helps to pave the way for a safe and secure future.

Mortgage interest rates currently remain historically favorable. There is much uncertainty about the future of the economy. If the economy recovers and inflation emerges would be mortgage rate indicators suggesting mortgage interest rates may head higher. Taking advantage of mortgage interest rates at these levels is a sure thing. A cautious approach to lock decisions is necessary to protect against the possibility of a future increase in mortgage interest rates. 

Opinions expressed here are the sole responsibility of the author, and do not necessarily reflect the view of Fairway Independent Mortgage.

Ruth Vogt Colorado Mortgage Lender Ruth Vogt, Sales Manager

 #LMB100023827, NMLSR# 257576

 Equal Housing Opportunity. 

 Regulated by the Division of Real Estate.  303-881-7849.


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Comment balloon 0 commentsRuth Vogt • October 04 2010 11:33AM
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