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.
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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

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

Turkey causing mortgage rates in Idaho to sink?

In this Blog:

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

Mortgage rates were pretty much flat last week, as the holiday preventing trading and everyone was wondering the effect of the trade war. Also there were no economic Tweets from Trump as he focused on his Supreme Court decision. This week we will focus on Inflation at the Consumer Level. Rates are worse this morning and we anticipating them worsening as the work progresses.

In this blog:  IHA increases income limits, Mortgage rates also increasing, VA clarifies Realtor fees.

In this blog:  Mortgage rates flat for this week, appraisal waiver in Boise and surrounding areas, Realtor Marketing Idea

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