Blogging About Loans: August 2010

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

Ever wonder what effect lower rates might have on your monthly payment? Actual figures will vary based on the rate, term and loan amount, but just to get a "ball park" figure, it's about $30 per month per $100k.

 To get an exact comparison for your situation, click Mortgage Rate Calculator where you will find several calculator options, including a Qualifier button to help you determine how much home you qualify for!

Mortage Rate Indicators all point one direction: buy now!

Contact me today to get the loan process started..

Ruth Vogt (720-489-0712)


Market Comment - Week of August 30th, 2010

Mortgage bond prices fell slightly last week pushing interest rates higher. Unfortunately the seesaw trading pattern continued with rates rising and falling throughout the week. We started the week with stronger than expected Industrial Production and Capacity Use data pressuring mortgage interest rates higher. Stocks fell mid-week following a shocking 27.2% decline in existing home sales and weaker than expected durable goods orders. This helped us recover some of the earlier losses. Friday was choppy with 1/4 point up and down swings occurring throughout most of the morning. Despite all the volatility we were able to stay relatively flat overall for the week as rates rose by about 1/8 of a discount point.

The employment report Friday will be the most important release this week. Expect more volatility.


Economic Factors

Economic Indicator

Release Date Time

Consensus Estimate

Analysis

Personal Income and Outlays

Monday, Aug. 30, 2010

Up 0.3%, Up 0.3%,

Important. A measure of consumers' ability to spend. Weakness may lead to lower mortgage rates.

PCE Core Inflation

Monday, Aug. 30, 2010

Up 0.1%

Important. A measure of price increases for all personal consumption. Weaker figure may help rates improve.

Consumer Confidence

Monday, Aug. 30, 2010

51.3

Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

ADP Employment

Tuesday, Aug. 31, 2010

-20k

Important. An indication of employment. A large decrease in payrolls may bring lower rates.

ISM Index

Tuesday, Aug. 31, 2010

53.3

Important. A measure of manufacturer sentiment. Weakness may lead to lower mortgage rates.

Revised Q2 Productivity

Wednesday, Sept. 1, 2010

Down 1.5%

Important. A measure of output per hour. Improvement may lead to lower mortgage rates.

Factory Orders

Wednesday, Sept. 1, 2010

Up 0.5%

Important. A measure of manufacturing sector strength. Weakness may lead to lower rates.

Employment

Friday, Sept. 3, 2010

9.6%, Payrolls -120k

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

 

Productivity

Productivity is the rate at which goods or services are produced. It is most commonly defined in terms of labor, which is the contribution of people to the process. Labor costs represent about two thirds of the value of the output produced. The Bureau of Labor Statistics of the US Department of Labor releases the most widely cited productivity statistics quarterly and annually. Increased productivity is often credited for economic growth with little signs of inflation.

Productivity is significant in that as it increases, businesses can produce more with the same or less input. This wealth building effect is vital to the US economy. As productivity increases, the US economy generally performs better. As productivity decreases, the economy generally suffers. While the bond market generally favors signs of weakness in the economy, bonds tolerate growth as long as the economic environment shows little or no inflationary pressures. Keep in mind that rates remain very favorable. Now is a great time to avoid the uncertainty surrounding continued market volatility.


WR Starkey Mortgage, LLP - A different kind of company...where people come first!


 

6025 South Quebec, Suite 110
Englewood, CO 80111 

 

 

 

 

 

 

Ruth Vogt
Branch Manager / Business Development

Office: 720-489-0712
e-Fax: 720-489-0273
rvogt@wrstarkey.com
www.MyLenderOfChoice.com 
NMLSR# 257576
LMB100023827

©2010 Design by WR Starkey Mortgage, LLP NMLSR #2146. This is not a guarantee of financing. All borrowers must meet certain underwriting guidelines and credit criteria. Rules and Regulations may apply. Colorado: http://www.dora.state.co.us/real-estate/index.html

 


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.

   www.ColoradoHomeLender.com

   ruthv@fairwaymc.com  303-881-7849.

 

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Comment balloon 4 commentsRuth Vogt • August 30 2010 07:42PM
Mortgage Rate Indicators for Denver
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Mortgage Rate Indicators for Denver Ever wonder what effect lower rates might have on your monthly payment? Actual figures will vary based on the rate, term and loan amount, but just to get a "ball park" figure, it's about.. more
Mortgage Rate Indicators for Denver
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Mortgage Rate Indicators for Denver If you have been waiting for a reason to buy or move up, wait no more! Mortage Rate Indicators suggest the time is NOW to take action. Usually you must have a property under contract to lock in an interest… more