Rate Update November 20, 2008

Mortgage rates are modestly better this morning this morning.

In yesterday’s rate update/ you tube video we focused on the concept of “deflation”.

Coincidentally, the Federal Reserve released a report yesterday in which they acknowledged the future risks of deflation in our economy.  On that news the stock market slid to a new multi-year low as investors sold stocks and bought US treasury bonds.  While US treasury yields sank yesterday mortgage-backed bonds failed to benefit.  Watch today’s you tube video to learn more about the interest rate environment.

We believe that mortgage rates have a good chance of dipping lower over the course of the next few weeks/ months in response to deflationary expectations.  If you’d like to review your mortgage situation with us and establish a “trigger point” for refinancing please feel free to contact us.

Current outlook: neutral in the near-term/ floating in the long-term


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.