Rate Update May 27, 2008

Inflation, inflation, inflation seems to be popping up everywhere. This morning’s monthly consumer confidence report showed that consumer confidence sunk to a 16 year low. Ordinarily bad economic news would help mortgage rates but this morning it’s not the case. Watch today’s you tube video to understand why.

Here are a couple other links that are referenced in today’s you tube video:
*Wikipedia.org- Rational Expectations & inflation
*The Economist- Inflation in emerging economies
*Evan’s blog- Inflation & 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.