Rate Update May 13, 2008

This morning’s monthly retail sales report issued by the commerce department is raising concern over inflation. Watch today’s you tube video to learn what the report showed.

Here is a link to a blog posting explaining the relationship between inflation and mortgage rates.

Current Outlook: locking

The views and opinions expressed in this site are those of the author(s) and do not necessarily reflect the official policy or position of Cherry Creek Mortgage Co., Inc. This is for informational purposes only. This is not a commitment to lend.