Reblogger Guy Thomas
Mortgage and Lending with WR Starkey Mortgage

VA HOME LOANS IN MONUMENT, Colorado can be affected by the weekly news that is released by the government reporting agencies each week. If considering a VA HOME LOAN IN MONUMENT,  it is worth your time to get familiar with the trend in the announcements to learn which affect the bond market the most. A small change in the VA interest rate doesn't seem like it would be that big a deal, but over thirty years the extra payment adds up.

An interesting fact about a VA HOME LOAN is that a Veteran does not have to pay a funding fee if he can prove at least a 10% disability from a service related injury. For questions on your status, call us for an analysis of your situation.


Original content by Ruth Vogt LMB100023827. NMLS257576.

Market Comment - Week of November 23rd, 2009

Mortgage bond prices rose last week pushing mortgage interest rates lower. Mixed data resulted in up and down trading but within a relatively narrow range. Things were going well the first part of the week with rates improving until Wednesday when the consumer price index and the core came in higher than expected. Inflation, real or perceived, erodes the value of fixed income investments causing prices to fall and rates to rise. We saw some of that mid-week. Despite this, interest rates finished the week improved by about 1/8 to 1/4 of a discount point.

The US Treasury will continue the record Treasury auctions with a $44 billion 2-year note auction Monday, $42 billion 5-year note auction Tuesday, and a $45 billion 7-year note auction Wednesday. The bond market will be closed Thursday for Thanksgiving and will have a shortened trading session Friday.

Economic Factors
Economic Indicator
Release Date Time
Consensus Estimate
Existing Home Sales
Monday, Nov. 23, 2009
Down 0.5%
Low importance. An indication of mortgage credit demand. A significant decrease may lead to lower rates.
Preliminary 3Q GDP
Tuesday, Nov. 24, 2009
Up 3.0%
Very important. The aggregate measure of US economic production. Weakness may lead to lower rates.
Consumer Confidence
Tuesday, Nov. 24, 2009
Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.
Personal Income and Outlays
Wednesday, Nov. 25, 2009
Up 0.2%, Up 0.5%
Important. A measure of consumers' ability to spend. Weakness may lead to lower mortgage rates.
PCE Core Inflation
Wednesday, Nov. 25, 2009
Up 0.1%
Important. A measure of price increases for all domestic personal consumption. Weakness may help rates improve.
Durable Goods Orders
Wednesday, Nov. 25, 2009
Up 0.5%
Important. An indication of the demand for "big ticket" items. Weakness may lead to lower rates.
U of Michigan Consumer Sentiment
Wednesday, Nov. 25, 2009
Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.
New Home Sales
Wednesday, Nov. 25, 2009
Up 2.9%
Important. An indication of economic strength and credit demand. Weakness may lead to lower rates.

Preliminary GDP

The Gross Domestic Product (GDP) is one the most important reports during any given quarter. GDP is a measure of US economic output and spending. The report is significant in that it provides investors, analysts, traders, and economists with a comprehensive report of the direction of the economy. In addition, it also influences the decisions of Federal Reserve policy makers, Congressional budget employees, and corporate financial planners.

GDP is the sum total of goods and services produced by the United States. The initial report is often based on incomplete data. Therefore, additional revisions are released over the following two months. There are often substantial differences between the initial release and the revisions. The mortgage-backed security market generally responds favorably to weaker GDP growth. The preliminary third quarter gross domestic product data this week has the potential to move mortgage interest rates. Be cautious.

WR Starkey Mortgage, LLP, NMLSR # 2146

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

Views and opinions expressed on this site are not necessarily those of WR Starkey Mortgage.

Ruth Vogt

Colorado LMB #LMB100023827


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