Mortgage Market Snapshot 01.28.15

Mortgage and Lending with US Mortgages - David Shamansky NMLS#392126

us mortgage fha decreases monthly mortgage insurance rates

So the feds speak and where does that lead?

In all likelihood right where I called it to be... sideways for the short term.

I do not see a whole lot of movement, good or bad, for the next several days as the feds are going to watch to hedge against inflation by increasing rates too fast.

That's very good news for everyone as even as rates rise (and they are 100% going to) so don't get lulled into thinking this current "fantasy world" of low fixed rates are here forever as they most definitely will NOT be.

The FOMC released their statement regarding the current state of the economy and their policy decision on short term interest rates. In December’s statement the FOMC said it “expects inflation to rise gradually toward 2 percent as the labor market improves further and the transitory effects of lower energy prices and other factors dissipate". The Fed faces a difficult decision in attempting to raise rates in an environment with no inflation growth, stagnant wage growth, a declining labor force participation rate, falling energy prices and global economic declines. If the Fed raises rates too soon, without inflation/wage growth, they risk sending the economy into deflation. On the other hand, the ECB’s QE decision may give the Fed more confidence in the outlook for the global economy. To get a proxy for when the Fed views as the right time for raising rates we watch for changes to the “patient” clause: “Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy”.


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Colorado 1st Time buyers, if you are ready to stop renting, get the many benefits from home ownership, or maybe your a current homeowner looking to move up or maybe looking into what it takes to become an investor in this incredible market, that WILL create millionaires, and you are looking for a strategy, answers and direction, please feel free to call or email me. My 22yrs in mortgage lending and 30+ years in finance gives me an in depth knowledge, critical to helping others and making their dreams go from dream to reality!

David Shamansky
"Positive reinforcer, promoter, success coach, entrepreneur, team builder, wealth builder, blessed individual, business leader and professional lender"

US Mortgages
6855 S Havana St Ste 520
Centennial CO 80112
Equal Housing Lender

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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Thanks David Shamansky for your imput on this topic.  I see that people that are renting, landlords want them out of there low$ leases that they can raise the rents,  Interesting!!

Jan 28, 2015 03:45 AM #1
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi David - Thanks for the update. I think it's too early to raise rates because of inflation - we're just not there yet, and the downside is dangerous.

Jan 28, 2015 04:17 AM #2
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

David Shamansky ~ business will keep it's head out of the water as long a we don;t see interest rates jump

Jan 28, 2015 07:51 AM #3
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, David, and thanks for your information. I hope the rates stay down for a bit longer. Any sense on when we might see them go up?

Jan 28, 2015 11:26 AM #4
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

David, always enjoy reading your posts, and need to know what our rates are doing!

Jan 29, 2015 03:32 AM #5
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing this market shapshot.

Have a wonderful week.

Feb 01, 2015 11:25 PM #6
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David Shamansky

Creative, Aggressive & 560 FICO - OK, Colorado Mtg
560FICO and High DTI are among some of what we say Yes to
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