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