Blogging About Loans: September 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
                                       - Week of September 27th, 2010

Mortgage bond prices ended near unchanged last week keeping mortgage interest rates historically low. The Fed meeting Tuesday went as expected. The Fed kept interest rates unchanged and noted they will keep rates low for an extended period of time. Mortgage rate indicators were positive through the middle portion of the week. Unfortunately stronger than expected data and surging stock prices the latter portion of the week eroded the earlier positive movements. Despite those negative movements rates finished near unchanged overall for the week.

The Treasury auctions will be important this week. If foreign demand for US debt remains strong mortgage interest rates may remain lower. Consumer confidence will set the tone for trading the beginning of the week.


Market Conditions

There is a Chinese proverb that states, "May you live in interesting times." It is often argued that the word interesting is meant to be a synonym for turbulent or dangerous. This phrase hits the bull's-eye given the current state of the financial mortgage rate indicators. While stocks and bonds are swinging around wildly there is some good news. Interest rates for conforming and FHA/VA loans are historically low.

Remember, low rates are not a given considering the uncertainty in the financial markets. Inflation, real or perceived, erodes the value of bonds causing bond prices to fall and rates to rise. The last thing the economy needs now is higher mortgage interest rates. If inflation emerges that very well may happen despite the continued Fed efforts to keep rates low. With so much uncertainty, a cautious approach to float lock decisions, especially heading into the inflation data this week, would be wise.

If you are thinking of buying or refinancing your home, please call me today to discuss qualifications as well as what the current mortgage rate indicators are.

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.


Twitter Icon 


by Twitter Buttons


Comment balloon 4 commentsRuth Vogt • September 28 2010 08:47AM
Mortgage Rate Indicators for Denver
Mortgage Rate Indic ators for Denver - Week of September 27th, 2010 Mortgage bond prices ended near unchanged last week keeping mortgage interest rates historically low. The Fed… more
Wonder what the viewing statistics really are?
You've most likely heard that videos are starting to pull a lot of google juice, but I have to ask you… be honest with me on this… do you really have the time… or take the time… to watch all these videos? Typically, I won't. Takes too long… more
You might have the ability to swipe and not even know it!
Or is it "swype"? Seems to depend on the kind of smart phone you have. Either way, it is all the rage right now, and for good reason. The typing keyboard which first gained any popularity was the QWERTY keyboard, designed over 130… more
Mortgage Rate Indicators for Denver
Mortgage Rate Indicators for Denver If you are thinking about buying a home, but holding off to see if the government is going to offer any new tax credits to entice you to buy, you might want to think again! Interest rates are so much… more
How To Use ScribeFire to Enhance Your ActiveRain Blog Posts
I've heard so much about ScribeFire recently that I decided I MUST give it a try. (The only negative that I've heard is that you still have to add pictures directly from the AR word editor?? ) Anyway, right after downloading, I got stuck (how… more
Lakewood Homes For Rent
Lakewood Homes For Rent Looking for homes for rent in Lakewood? I certainly understand wanting to live in Lakewood. A wonderful "little" city (fourth largest in Colorado according to Wikipedia) nestled near the foothills of the… more
The ActiveRain Point System
I have many people ask about the maximum number of points, so after searching and searching I found this GREAT post by Brad (of course, as he's the wizard at all this stuff! ). So, not only am I going to reblog, I'm then going to add a link to my… more
Elk are bugling in Keene Ranch subdivision Castle Rock Colorado
The elk are bugling already in Keene Ranch subdivision Castle Rock Colorado When the elk start bugling, it's usually considered a "fall thing". We heard our first bugling here in Keene Ranch over a week ago, if you can believe that!… more
Lost his home in the fire and NO INSURANCE???
I was listening on the news today on my when into work as the radio station interviewed a gentleman who said just that: my home burned down and I didn't have a drop of insurance. My first thought was: then there wasn't a loan on it or he would… more
Mortgage Rate Indicators for Denver
Mortgage Rate Indicators for Denver Have you ever wondered why it's important to watch mortgage rate indicators Or even what the mortgage rate indicators are that you should be watching? And if you knew why to watch and what to watch, do you… more