Mortgage rates are on a cusp of jumping quite a bit higher, as the 10 year Bond and the Mortgage Bonds are close to making a jump, which would allow rates to jump in to the mid 5%.  We are going to watch Federal Reserve decision on Thusday, not for a rate increase, but for what their policy statement is.  Then on Friday we will have Producer Price Index, or inflation at the producer level, and also this week the US is going to sell of more of our debt, which will influence rates also.  Gonig to be another roller coaster week for rates, with the consensus that rates will increase.

In this Blog:

• Mortgage rates heading for high 5%'s
• Fannie mae tightening underwriting guidelines
• Manufactures home are not scary.

In this Blog:

• -Mortgage rates improve, a little.
• -Realtors & CLUE List.
• -FREE Appraisal report

Mortgage rates got a reprieve last week, but only because Italy can't get its act together, if it wasn't for that, rates would of worsened for the 5th week in a row. We are still at highest levels since September 2011. This week is a biggy, with wage inflation on everyone's mind. I suspect a tepid week, until Friday when we see unemployment numbers and wage inflation numbers.

 

Mortgage rates worsened a little last week, as the stock market continues to hit all time highs, forcing bonds higher, and thus taking mortgage rates higher. Upcoming events to watch out for, US Budget and Winter Olympics in Korea. US also moved another aircraft carrier towards Korea.

Loan changes for Idaho, no more liens and judgements??

In this Blog:
-Rates slide
-Zillow vs Realtor.com
-SUB PRIME IS BAAAAAACK
-Lead Generator