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

Mortgage rates are set to increase:

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

With Spain and Italy cooling off, and the threat of higher tariffs, inflation is back in the news. Traders are looking towards more economic reports this week to guage inflation again. We are seeing rates trend back up, but this could all change with 1 tweet.

In this blog:
Rates stable, with slight improvement, Fall out lending programs, IHA loan limits, Realtor marketing idea

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

With the missile strike in Syria not a huge news maker, and China may play ball with Trade, AND Trump saying NAFTA and the TPP trade talks are going well, there was really no turmoil last week to cause rates to slide, thus we saw an increase. This week is earnings week, so we are expecting some GREAT numbers. We are looking for rate to climb this week.