Mortgage rates in Boise & Nampa sank just a little last week, as more data is pointing to a recession, and Trump continues to Tweet. Watch the recession news, not the Federal Reserve News, as we see rates continue to slide this week.

Rough week for mortgage rates, as economic news all pointed to NO Recession coming causing rate to increase by .30 of a point. This week, with the attack on oil, rates are improving a little, but we will have to see if it is stable or now. We are definitely in a locking mode.

In this Blog:

• Rates Stablize for now
• The end is near?
• The end is near, version 2
• Marketing Idea

In this Blog:

• Rates worsen a little
• New Idaho Housing Down Payment Assisance Program
• 2nd Look Mortgage

Mortgage rates increased last week, just a tad. All eyes this week are on the Federal Reserve and Wednesday announcement and policy statement. Then Friday, un

In this Blog:  Home Loan mortgage rates are flat this week.  VA home loans fees that a VA borrower can pay for, eClosings comming soon and AWESOME Realtor Marketing Idea!

Mortgage rates improved a little last week, as Spain goes  through a little chaos and the Tax Reform Bill isn't what it was all cracked up to be.  This week we are starting out with rates improving a little.  But all eyes will keep on 3 items, Spain, N. Korea and the Tax reform bill.
 

Mortgage rates continue to climb based on economic news and the stock market. We have seen Stocks hit lifetime highs each week now for quite a few weeks, as investors flee bonds and put money into this RED HOT stock market.

Mortgage rates last week were pretty flat, squeaking out a minimal .06 reduction.  This week we are in a neutral stance, mainly because the Federal Reserve meets this week.  And although we do not anticipate a rate hike, we do expect some guidance on unwinding their balance sheet and by how much.  This will include the Fed NOT purchasing any more mortgage back securities (MBS).  The Fed has been purchasing MBS  for 8+ years now, keeping mortgage rates artificially low.  As they start to NOT purchase MBS and also potentially selling MBS, we will see rates become even more volatile, thus rising with the markets, instead of being influenced by the Federal Reserve.

Mortgage rates ticked up again last week, mainly on GeoPolitics, but we did get some interest news out of the Federal Reserve. Starting in September, they will quit buy Mortgage Back Securities (MBS), and also start to sell MBS. If this becomes the new norm, we are finally going to see mortgage rate NOT be influenced down by the Government, and they will finally, after 9 years, be traded evenly with the market. Thus...wait for it...rates will finally trend to where they should be, in the high 4's to low 5's.