Mortgage rates sank a little last week, as the Federal Reserve surprised everyone by NOT raising rates. We has had Germany go negative on their rates. Both caused the US Bond to be purchased, thus lowering our mortgage rates.

Mortgages rates in Idaho will trend flat to a little higher, that is until Wednesday at 12:00 PM, when the Federal Reserve is expected to announce a rate hike, the watch out for volatility. Anticipation is for a .25 increase, but what all eyes are looking for is the statement that follows.

Trending data is being released next weekend, will it affect you?

Look what 1 persons comments can do, based on a speech from a Federal Reserve Governor, rates increased .125% in 1 weekin Idaho, based on expectation that the Federal Reserve will increase rates at the end of the month...ouch.

Mortgage rates in Idaho are down just a tick last week, but this week we have started off even lower, We will probably stay pretty close to where we are for about 2-3 weeks, in anticipation of Federal Reserve meeting towards the 3rd week of the month.