Mortgage Rate Indicators for Denver

Mortgage and Lending with Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate. LMB100023827. NMLS257576.

Mortgage Rate Indicators for Denver

Rates are still inviting home buyers to buy. Especially a good time for first time homebuyers to get under contract and take advantage of the home buyer credit. Move up buyers might qualify, too. Call today! Must be under contract by the end of the month! Ask me to discuss mortgage rate indicators when you call so we can decide if now is the time to lock in your interest rate!

Market Comment - Week of April 12th, 2010

Mortgage bond prices rose last week, which helped mortgage interest rates improve slightly. The first portion of the week was generally bond friendly as the Fed minutes showed real concern about the economy's ability to recover with so many job losses. Stocks and bonds generally traded inversely as the DOW tested the 11,000 mark a few times during the week in up and down trading. Unfortunately a large portion of the improvements was erased as oil prices traded around $87/barrel and inflation fears emerged. Despite this, rates still managed to improve by about 1/4 of a discount point for the week.

The consumer price index Wednesday will be the most important release this week. The abundance of important economic releases has the potential to result in a very volatile week for mortgage interest rates. If the data shows signs of weakness we could see rates improve.

Economic Factors
Economic Indicator
Release Date Time
Consensus Estimate
Trade Data
Tuesday, April 13, 2010
$38 billion
Important. Affects the value of the dollar. A falling deficit may strengthen the dollar and lead to lower rates.
Consumer Price Index
Wednesday, April 14, 2010
Up 0.1%, Core up 0.1%
Important. A measure of inflation at the consumer level. Weaker figures may lead to lower rates.
Retail Sales
Wednesday, April 14, 2010
Up 0.2%
Important. A measure of consumer demand. A smaller than expected increase may lead to lower mortgage rates.
Business Inventories
Wednesday, April 14, 2010
Up 0.1%
Low importance. An indication of stored-up capacity. A significantly larger increase may lead to lower rates.
Fed "Beige Book"
Wednesday, April 14, 2010
Important. This Fed report details current economic conditions across the US. Signs of weakness may lead to lower rates.
Industrial Production
Thursday, April 15, 2010
Up 0.2%
Important. A measure of manufacturing sector strength. A lower than expected increase may lead to lower rates.
Capacity Utilization
Thursday, April 15, 2010
Important. A figure above 85% is viewed as inflationary. Weakness may lead to lower rates.
Housing Starts
Friday, April 16, 2010
Down 2.1%
Important. A measure of housing sector strength. Larger than expected decreases may lead to lower rates.


Inflation fears tied to rising energy prices have reemerged. At one point oil prices rose near $87/barrel last week causing many analysts to revise forecasts. Goldman Sachs and Morgan Stanley both predict oil prices will rise above $100/barrel next year. The concern is that rising energy costs could permeate through the markets and damage economies around the globe that are struggling to regain footing. Inflation, real or perceived, generally erodes the value of fixed income securities causing prices to fall and rates to rise. This could pressure mortgage interest rates higher further stifling a recovery in the US housing sector.

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

6025 South Quebec, Suite 110
Englewood, CO 80111 

Ruth Vogt
Business Development Manager (LMB100023827)
Work: 720-489-0712
Fax: 720-489-0273

©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.


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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.  303-881-7849.


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Comments (2)

Ray Saenz
Exit Realty Laredo - Laredo, TX
Homes for Sale in Laredo, TX - Texas, Realtor

I enjoy to read your stats, they are always very interesting and when you share the rates it's good for buyers as well.


Apr 12, 2010 04:31 PM
Ruth Vogt
Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate. - Colorado Springs, CO
719-592-0855 Apply 24/7

Combine good rates with time left for the homebuyer credit and you have no logical reason not to buy!

Apr 15, 2010 02:59 PM

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