Jan 31, 2012

January 2012 Mortgage Interest Rates

Interest rates have been very stable over the last 30 days.  Little economic news so far in the new year has provided much pressure for interest rates to change much at all.
 

The most recent financial data reported in January was that the  national unemployment level had dropped to 8.3%, with hundreds of thousands of jobs being added.  Although this news is wonderful, the job gains do not appear to be sustainable, because most of that job growth occured in seasonable work, which is a carry-over from the holidays.  Under normal conditions that sort of 'good news' would have stimulated stock prices, and interest rates to head up.  The financial markets are especially complicated right now, and that news alone was insufficient for rates to react, or rise.

Overall, there remains a lot of economic pressure for interest rates to stay low and stable throughout 2012.  With modest fluctuations up and down, these continuing low, low, interest rates ought to help Denver's housing market get off to a nice start in 2012.  Remember, the long term expectation is for rates to rise, so don't take the current low rates for granted.

View Our Current 'Market Trends Report' HERE

Call Us Today (303) 514-4000

Previously Posted At: Today's Interest Rates And Trends 
Image Attributions: percent sign - sxc.hu