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.
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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.
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. |
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WR Starkey Mortgage - A different kind of company...where people come first!
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Views and opinions expressed on this site are not necessarily those of WR Starkey Mortgage.
Ruth Vogt, Branch Manager
Colorado LMB #LMB100023827
Thank you for this overview, Ruth. All stuff I know very little about. This is excellent information.
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?
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.
Ruth,
Interesting post. Thank you for sharing it.
Ann Hayden in Wildwood, MO
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***
Ruth -
I really enjoy getting these updates!!
Ruth,
I do find it interesting. Someone needs to keep us informed.
Thank you,
Ann Hayden in Wildwood, MO
Ann, I'm so glad there really is someone out there that does appreciate this stuff. Thank yoU! :)
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!)
Ruth,
I really do appreciate the information and not having to compile the info!
Ann Hayden in Wildwood, MO
Ruth, thank you for the most interesting post and all the up to date information you provide realtors out there!