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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

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 rate with your lender. But, not so at WR Starkey Mortgage. Call me today and ask for more information about our rate protection program. And do it TODAY, while Mortgage Rate Indicators are suggesting it's a good time to buy!


Market Comment - Week of August 23rd, 2010

Mortgage bond prices rose last week helping recover some of the recent losses. We started the week with weaker stocks helping the mortgage bond market. Overall trading was choppy with data coming in all over the place. Higher than expected core producer price index data mid week helped erase most of the Monday morning improvements. This was countered by higher than expected jobless claims Thursday that pressured stocks lower. The jobless numbers remain troublesome. It is difficult for the economy to expand with a return of some jobs. Rates fell by about 1/8 of a discount point for the week.

The GDP data will be the most important release this week. The Treasury auctions will continue to receive focus as record debt continues to hit the financial markets.


Economic Factors

Economic Indicator

Release Date Time

Consensus Estimate

Analysis

2-year Treasury Note Auction

Tuesday, Aug. 24, 2010

None

Important. $37 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.

Durable Goods Orders

Wednesday, Aug. 25, 2010

Up 3.0%

Important. An indication of the demand for "big ticket" items. Weakness may lead to lower rates.

New Home Sales

Wednesday, Aug. 25, 2010

Up 2.4%

Important. An indication of economic strength and credit demand. Weakness may lead to lower rates.

5-year Treasury Note Auction

Wednesday, Aug. 25, 2010

None

Important. $36 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.

Weekly Jobless Claims

Thursday, Aug. 26, 2010

530k

Important. An indication of employment. An increase in jobless claims may bring lower rates.

7-year Treasury Note Auction

Thursday, Aug. 26, 2010

None

Important. $29 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.

Q2 GDP second revision

Friday, Aug. 27, 2010

Up 1.4%

Important. The aggregate measure of US economic production. Weakness may lead to lower rates.

U of Michigan Consumer Sentiment

Friday, Aug. 27, 2010

70

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

 

Bailout

It was August 2007 when rates on jumbo loans disconnected from reality and skyrocketed. This was the beginning of the credit crisis, which to some extent has touched everybody on planet earth.

Since then we have been through trillion dollar bailouts, a near collapse of the banking and automotive industries, a stock market in freefall and house prices not too far behind. Stocks have recovered somewhat, and in some places housing is showing some life as well. Most economic pundits believe that we are not out of the woods and things may become worse before they get better. The good news is that through actions from the Federal Reserve interest rates are at all time lows, presenting an opportunity for many homeowners to receive a self funded bailout by dramatically reducing the interest rate on their mortgage. Nobody knows how low rates will go but there is certainty that rates are at historic lows and they will not last forever. Saving money today makes a lot of sense in these difficult and uncertain times.


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
"To check the license status of your mortgage loan 

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 0 commentsRuth Vogt • August 23 2010 01:59PM
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