Reblogger Guy Thomas
Mortgage and Lending with WR Starkey Mortgage

As a VA HOME LOAN LENDER IN CASTLE ROCK, COLORADO, I have the soldier with homeopportunity to assist veterans achieve their dream of home ownership. As a VA HOME LOAN LENDER I can offer a fixed rate, assumable, no down loan to past and present members of our Armed Services. The nothing down feature,  coupled with low closing costs, makes it easy for a military family to enjoy the benefits of home ownership in the Castle Rock area.

With so many changes happening in the home financing arena, the stability of the VA HOME LOAN is an important tool for Realtors and Veterans alike. The requirements are designed for the mobile nature of todays military force. The ability to use the VA eligibility on more than one property is a benefit not to be overlooked. This allows ease of purchase when being transferred to new duty stations.

As a VA HOME LOAN LENDER, one of the important functions I perform is monitoring the news for items that will have an affect on the VA interest rates. We do this to help the Veteran pick the optimum time to lock his VA LOAN to achieve the best rate and payment for his family.

The VA HOME LOAN PROGRAM is a terrific benefit to all who have  worn the uniform. Don't let this time of low prices and low rates pass you by. You can contact me at to get more information and have your questions answered.


Original content by Ruth Vogt LMB100023827. NMLS257576.

Mortgage Rate Indicators for Denver

When the time comes to buy a home, whether it's your first or your fifth, interest rates are always top of the list of items to be considered. Below are the mortgage rate indicators for the upcoming week.

Market Comment - Week of December 7th, 2009

Mortgage bond prices fell last week pushing mortgage interest rates significantly higher. We saw selling pressure almost the entire week as housing and factory orders data was stronger than expected, the Fed Chairman mentioned rate hikes, and weekly jobless claims beat estimates. To top the already negative week, the employment report came in stronger than expected causing rates to spike even higher Friday morning. Interest rates finished the week worse by about 1 and 1/2-discount points.

The continued Treasury auctions will gain a lot of attention this week. If foreign demand for the debt is weak we could see rates head higher. The first portion of the week is light regarding economic releases but the trade data Thursday and retail sales data Friday have the potential to result in mortgage interest rate volatility. Be alert throughout the entire week.

Economic Factors
Economic Indicator
Release Date Time
Consensus Estimate
Consumer Credit
Monday, Dec. 7, 2009
Down $9.3 billion
Low importance. A significantly large increase may lead to lower mortgage interest rates.
3-year Treasury Note Auction
Tuesday, Dec. 8, 2009
Important. $40 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
10-year Treasury Note Auction
Wednesday, Dec. 9, 2009
Important. $21 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
Trade Data
Thursday, Dec. 10, 2009
$37.1 billion deficit
Important. Affects the value of the dollar. A falling deficit may strengthen the dollar and lead to lower rates.
30-year Treasury Bond Auction
Thursday, Dec. 10, 2009
Important. $13 billion of bonds will be auctioned. Strong demand may lead to lower mortgage rates.
Retail Sales
Friday, Dec. 11, 2009
Up 0.5%
Important. A measure of consumer demand. A smaller than expected increase may lead to lower mortgage rates.
U of Michigan Consumer Sentiment
Friday, Dec. 11, 2009
Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.
Business Inventories
Friday, Dec. 11, 2009
Down 0.2%
Low importance. An indication of stored-up capacity. A significantly large increase may lead to lower rates.

Are Rate Hikes Coming?

The biggest fear of bondholders is inflation. Real or perceived, inflation erodes the value of fixed income securities causing prices fall and rates to rise. The last thing the struggling housing sector of the economy needs is escalating mortgage interest rates. Unfortunately comments from Fed Chairman Bernanke have many traders concerned that rate hikes are on the way. Bernanke indicated the Fed would follow a "rolling exit process" in which special programs run down and ultimately implement a tightening policy. He went on to mention raising rates and indicated the Fed will cut back and close emergency lending programs as the markets normalize. The reaction to these remarks was fast and furious as mortgage interest rates shot higher.

While it is almost inevitable that the Fed will eventually raise rates, the question still remains when that process will actually start to occur. Many traders took Bernanke's remarks as a warning of things to come sooner rather than later.

Despite the recent rate increases last week rates remain historically very favorable. Lower rates are not guaranteed and floating in this environment is very risky.

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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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Guy this is a niche where you know your service will be appreciated.  So much is changing all the time Veterans will need someone on their side who monitors the news affecting these programs.

Dec 05, 2009 09:13 PM #1
Guy Thomas
WR Starkey Mortgage - Colorado Springs, CO

Thanks Jennifer. As you may or may not know, we have Air Force bases and Army bases here in our area. We sure try to help as many famililes as we can.

Dec 06, 2009 03:06 PM #2
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