FOR THE REAL ESTATE PROFESSIONAL

KEEP INFORMED WITH NEW BLOGS EVERY FRIDAY ON CHANGES, STATISTICS, RATES, AND MORE

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For the Real Estate Professional

This site is dedicated to informing the Real Estate Professional. I Blog each Friday, to keep you informed of upcoming changes, statistics, rates and lending news.  There is also links to program brochures on the right, as well as charts and news to keep informed.

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1st Choice Mortgage Company, LLC BBB Business Review, boise, nampa, caldwell, kuna, eagle

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Dec 30

Mortgage rates simmering

Mortgage rates in Boise simmering.


Dec 24

Nampa Idaho mortgage rates tick up last week

Mortgage rates ticked up last week. With us up .05 of a point and that is .10 for the last 2 weeks. It is all about China and Trade, again. As the stock market is rolling and hitting new highs each week, investors are putting their money into Stocks and out of Bonds and Mortgage Backed Securities. Again, no use talking about technicals or data (although new home sales were up 1.3% M/M) and traders are going to focus on Trump, Tariffs & Tweets over the next 2 weeks.

Also, don't forget:

  • VA removed ALL Loan limits as of 1/1/2020.
  • FHA loan limits are now $366,850,
  • Conventional Loan limits are $510,400,
  • High Balance Conventional is $765,500, and
  • Jumbo is anything over $765,501 Merry Christmas to you all!

Dec 16

Home Loan rates go up last week, as trade deal is coming together


Mortgage rates in Idaho worsened last week, as the Trump Admin and China looks like they have made a trade deal, or atleast Phase 1.  I indicated a few months back that I felt the closer we got to the election the more likely a trade deal would get done.  I really feel that this deal was pushed up to front run the impeachment hearings...but what ever.

The bond market and stock market really are not looking at economic numbers and is focusing on Trade, so no use speaking about numbers today (housing, unemployment, inflation).  I will speak about the pending recession, when ever that may happen.  Two talking heads spoke last week, pushing the recession out of 2020 and into 2021, and with the pending Trade Deal, 2020 is looking REALLY GOOD for economic growth.

Watch for the details to come out of the Trade Deal, this will really either set the stock market on FIRE, and thus mortgage rates will continue to go up.  OR if it is like the deal with Mexico/Canada, which is flaking out, then we could see stocks sell off and mortgage rate improve.


Dec 12

Veteran Administration home loan Entitlement codes

How do Entitlement codes affest a VA home loan in Idaho?


Dec 11

FHA Home Mortgage Limits go up in Idaho

FHA Home Mortgage Limits go up in Idaho!


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