Blogging About Loans: Mortgage Rate Indicators for Denver

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

Whether you are thinking about buying or selling your home, it's important to track mortgage rate indicators in order to have some idea which way the interest rates are moving. The mortgage rate indicators aren't ever absolutely "on the mark" with pointing an upward or downward movement. After all, that would take all the fun out of it! Seriously, anyone that suggests they KNOW with certainty what rates are going to do is much smarter than even the experts I've met in the business over the past thirty years. Mortgage rate indicators do just that - give an indication, not a guarantee.

For further discussion on rates, mortgage terms, or loan qualification requirements, please contact me.


Market Comment - Week of January 11th, 2010

Mortgage bond prices rose last week pushing mortgage interest rates lower. The bond market was buoyed by the announcement that US Treasury increased the credit lines of Fannie Mae and Freddie Mac a total of $400 billion. This was a signal to investors that those entities are "too big to fail" as viewed by the Treasury. We saw some weakness Thursday afternoon as retailers reported stronger than expected holiday sales. The employment report Friday was generally bond friendly. For the week interest rates fell by about 1/4 of a discount point.

The inflation data Friday will be the most important economic data this week. Signs of stronger than expected inflation would not be good for mortgage interest rates. The Treasury auctions will also dominate trading. Stronger than normal foreign demand could bode well for the overall level of interest rates. Weaker than expected bids would likely result in interest rate increases.


Economic Factors
Economic Indicator
Release Date Time
Consensus Estimate
Analysis
Trade Data
Tuesday, Jan. 12, 2010
$34.8 billion deficit
Important. Affects the value of the dollar. A falling deficit may strengthen the dollar and lead to lower rates.
3-year Treasury Note Auction
Tuesday, Jan. 12, 2010
None
Important. $40 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
Fed "Beige Book"
Wednesday, Jan 13, 2010
None
Important. This Fed report details current economic conditions across the US. Signs of weakness may lead to lower rates.
10-year Treasury Note Auction
Wednesday, Jan 13, 2010
None
Important. $21 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
Retail Sales
Thursday, Jan. 14, 2010
Up 0.4%
Important. A measure of consumer demand. A smaller than expected increase may lead to lower mortgage rates.
30-year Treasury Bond Auction
Thursday, Jan. 14, 2010
None
Important. $13 billion of bonds will be auctioned. Strong demand may lead to lower mortgage rates.
Consumer Price Index
Friday, Jan. 15, 2010
Up 0.2%, Core up 0.1%
Important. A measure of inflation at the consumer level. Weaker figures may lead to lower rates.
Industrial Production
Friday, Jan. 15, 2010
Up 0.6%
Important. A measure of manufacturing sector strength. A lower than expected increase may lead to lower rates.

Employment Results

The December employment report came in relatively bond friendly. Unemployment came in at 10% as expected. However the payrolls component showed job losses of 85,000 compared to the 35,000 losses expected by analysts. The mortgage bond market had a generally positive reaction to the report but improvements in rates were tempered by concerns for some of the revised data from prior months. Revisions to the November figures showed a 4000-job increase as opposed to the original 11,000-job decrease.


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

Ruth Vogt
Business Development Manager (LMB100023827)
6025 South Quebec, Suite 110
Englewood, CO 80111 
Work: 720-489-0712
Fax: 720-489-0273
Other: http://www.dora.state.co.us/real-estate/index.htm 
rvogt@wrstarkey.com 
www.MyLenderOfChoice.com 



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 11 commentsRuth Vogt • January 12 2010 12:06PM

Comments

Thank you for this overview, Ruth.  All stuff I know very little about.  This is excellent information.

Posted by Jane Peters, Connecting you to the L.A. real estate market (Home Jane Realty) over 8 years ago

Ruth,

Most people need someone to tell them what the mortgage rate indicators are, where they are, and interpret what they are indicting.  Your chart did just that.

So how is lending in Colorado?  Are they keeping you extremely busy?

Posted by 1 ~Judi & Don Barrett & Chassy Eastep - Integrity, BS Ed, Integrity Real Estate Services -IDABEL OK (Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745) over 8 years ago

Jane, Guess what? You don't need to know about it... just need to now a good lender!   :)

Judi, Yes, we really are keeping busy. Things are changing fast in our industry. It will be an interesting year this year. 

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) over 8 years ago

Ruth,

Interesting post.  Thank you for sharing it.

Ann Hayden in Wildwood, MO

Posted by Ann Hayden, SelectAnn.com (Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri) over 8 years ago

Ann, You are such a dear AR friend ... sparing my feelings and saying this might be interesting. Heck, even those of us in the mortgage business know that watching mortgage rate indicators is like watching paint dry! Oh well, not EVERYTHING in our business can be fun and exciting. Right?

***smiles***

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) over 8 years ago

Ruth -

I really enjoy getting these updates!!

Posted by John Basila (A Denver Home) over 8 years ago

Ruth,

I do find it interesting.  Someone needs to keep us informed.

Thank you,

Ann Hayden in Wildwood, MO

Posted by Ann Hayden, SelectAnn.com (Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri) over 8 years ago

Ann, I'm so glad there really is someone out there that does appreciate this stuff. Thank yoU!   :)

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) over 8 years ago

John, Glad you enjoy the info, too! I try to post every Monday... or just Google Mortgage Rate Indicators for Denver, and my current info should come up. (Next week's class will cover "how to" do that!)

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) over 8 years ago

Ruth,

I really do appreciate the information and not having to compile the info!

Ann Hayden in Wildwood, MO

Posted by Ann Hayden, SelectAnn.com (Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri) over 8 years ago

Ruth, thank you for the most interesting post and all the up to date information you provide realtors out there!

Posted by Renee Helten, 303-775-7131 (Keller Williams Realty DTC) over 8 years ago

Participate