After a pretty WILD week for the stock market and rates, rates increased a little. And typically, with the stock market down over 1000 points, rates would of improved a TON, but inflationary news is keeping rates on their upward movement.

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.

After a crazy roller coaster week, all focused on Senate Tax Reform Bill, interest rates ticked up, just a little.  This week will focus on Reconciliation of the 2 Tax Bills, along with N. Korea.  Final Bill that will be sent to the President will more than likely cause a pretty good rally for stocks, thus selling of Bonds, thus higher interest rates.  But War with N. Korea will cause just opposite affect.

Mortgage rate rose last week, as economic news came in and more people hopped onto the Wall Street Bandwagon.  We also didn't have much news out of North Korea....

Good information to send clients on Equifax Hacking, mortgage rates are down again, and a big change for TRID

As I indicated in the Blog last week, rates were anticipated to rise, based on economic news, unless N. Korea and Trump decided to ratchet up over the weekend, Read More...