FREE Exclusive Mortgage Rate Newsletter

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.


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

Entries 1-12 of 322
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Sep 18

Mortgage rates are up for the 3rd straight week

Mortgage rates ticked up again, for the 3rd Straight week. With focus again on inflation, Federal Reserve unwinding of their bond purchase and slower retail sales. This week we will have lots of housing data coming in as well as more tariffs. Probably another bad week for bonds and mortgage rates.
#1stChoiceMortgage #1stChoiceLender #MortgageBroker

Sep 11

Mortgage loan rates increase last week

Mortgage rates are still trending up, as last weeks wage inflation numbers was not pretty. This week we also have more wage inflation in the Consumer Price Index or CPI, which will really dictate rates. This will be the most looked at report this week. We also have the US selling debt in the form of Treasury auctions that will play a roll in rates as well. Anticipating rates worsening this week.
#1stChoiceLender #1stChoiceMortgage #mortgagebrokers

Sep 08

New Down Payment Assistance and Closing Cost Program

In this Blog:

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

Sep 05

Mortgage Rates ticking up as Tariffs become a drag

As anticipated, rates went up last week, and economic data and geopolitics pointed to higher rates. This week has started out kind of scary, and we have a pretty good jump in the in the 10 Year Bond Yield, and Mortgage Back Securities, which both broke through some pretty good resistance levels. It looks like most traders sold bonds and stocks, thus going into cash with the worry about additional tariffs against China and Canada. This week will also have unemployment numbers. Not going to be a good week for rates.

#1stChoiceLender #1stChoiceMortgage #mortgagebroker

Sep 01

Mortgage Rates Stagnate, Appraisal issues, 2nd Look mortgage

In this Blog:
* Rates Stuck
* Appraisal Re-Inspections
* Self Employed & Congress
* Permits for building
* 2nd Look Mortgage

Aug 27

Nampa home mortgage rates to increase this week?

Mortgage rates last week were pretty much flat, as there was hardly any unexpected news and all data came in as expected. Fed did say they are going to continue to increase rates so I would say 100% of a September .25 and 90% of another .25 in December. Quite a bit of economic news this week, including a bunch of inflation numbers. AND more important news about NAFTA.

Aug 20

Turkey and now Italy helping mortgage rates improve

We started last week with a nice improvement with Rates, then things cooled off in Turkey and we gave most of the improvement back, managed to squeak out a slight rate improvement. Over the weekend Turkey's bonds got cut to Junk status, thus putting EU banks in a little trouble. Money is moving from EU to the US and will keep our rates improving. Trump Tweets off the table, rates are all about Turkey now, and watch out for news from Italy...again, which might improve our rates also.

Aug 18

Mortgage rates improve & recasting a mortgage

In this Blog:
* Turkey & Mortgage Rates
* Bad Loan Approval Letters
* Recasting a Loan
* Appraisal Waivers

Aug 13

Turkey & Idaho Mortgage Rates

Turkey causing mortgage rates in Idaho to sink?

Aug 06

Mortgage Rates flat, but this week could change that.

Mortgage rates are trending lower as traders are still trying to digest Friday's Job Numbers.  Was it low because business are not hiring or was it low because there are no workers.  I am of opinion of the latter, the US is at full employment, and thus wages are going to have to increase, thus inflation, and inflation is bad for Rates.  Today, we have Trump Tweeting about various items which is causing rates to decrease.  I am pretty cautious this week, as rates are in a position to break out and increase, but watch out on Trade Tweets.  Special note, we do get CPI or Consumer Price Index, which is gauge on inflation, all eyes will be focused on this report this week.


#1stChoiceLender #1stChoiceMortgage #MortgageBrokers

Jul 30

Nampa & Boise Mortgage Rates increase last week

Mortgage rates are set to increase:

  • ADP Private Payroll
  • US BLS unemployment rate
  • PCE rates

Jul 28

Mortgage Rates are stuck, Realtor Myths debunked, New Loan Products

In this Blog:

  • Mortgage Rates are stuck.
  • Underwriting on Personal Items.
  • Realtor myths debunked.

Entries 1-12 of 322
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