Tom Johnson

  • Home
  • Search
    • Advanced Search
    • Map Search
    • Get Property Alerts
    • What’s My Home Worth?
  • Areas
    • Aurora
    • Denver
    • Parker
    • Centennial
  • Featured Properties
  • Blog
  • About
    • About Tom
    • Testimonials
  • Contact

Try Our Property Search

Get Property Alerts

Read Our Blog

What's Your Home Worth

Monday Mortgage Minute – 23 Dec 2013

December 24, 2013 By Tom Johnson


The beginning of the end of the Fed’s third round of Quantitative Easing, aka QE3, has now begun.  The Fed will begin to taper its bond purchases next month, with QE3 likely to be terminated by the  end of next year.  As expected, mortgage rates increased, but as the market was mostly expecting the move, the increase was not huge.  Other economic news also helped to pressure rates higher. The third revision to the third quarter’s GDP was adjusted to 4.1%, a fairly robust number.  Additionally, Industrial Production moved higher than expected, and Housing Starts blasted almost 23% higher.

For this Christmas week, we have limited economic data and fewer working days for rates to move.  If stock markets continue to rise on the expectation of improving economic growth, then mortgage rates are also likely to move slightly higher.  If the week also includes more significantly better-than expected economic data, then rates will feel even more upward pressure.  However, with the holiday shorted week, at-expectation data could help hold rates level, or even push them slightly downward.

Courtesy of Joe Massey, Castle & Cooke Mortgage, LLC: Denver

Tom Johnson, Realtor – 303-856-6185

Filed Under: Uncategorized

Recent Posts

  • The 4 C’s of Qualifying
  • Why Put More Down
  • Removing a Person from a Mortgage
  • What goes with the house?
  • Instant Buyers Save Time But Cost Money
  • How Pricing Your Home Right Makes a Big Difference
  • Gift the Down Payment
  • Buying a Home Early Can Significantly Increase Future Wealth
  • The Overlooked Financial Advantages of Homeownership
  • Another Source for a Down Payment

Categories

  • 1031 Exchange
  • Aurora Neighborhoods
  • Home Buying
  • Home For Sale
  • Home Improvements
  • Home Maintenance
  • Home Ownership
  • Home Selling
  • Home Value
  • Investment Property
  • Market Information
  • Mortgage
  • Recommendation/Testimonial
  • Taxes
  • Uncategorized
  • VA Loans
  • Email
  • Facebook
  • LinkedIn
  • Twitter
IDX Logo The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO © Real estate listings held by brokers other than {{{account_mls_firm_nm}}} are marked with the IDX Logo. This information is being provided for the consumer's personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. See Disclaimer
Listing Data last updated: January 26, 2021 18:00 MST
Service by Buying Buddy IDX CRM
Equal Housing
Blue Fire Group    Real Estate Websites
© 2021 Copyright
LAC
My Buying Buddy    Powered By MyBuyingBuddy ®