3rd week in a row that mortgage rates have increased. With economic news all pretty good, and some inflation news in the headlines, mortgage rates have been worsening. Still at 1 year lows, but off our lowest level on March 27th.

Mortgage rates popped up a little last week, as we say a little pull back and 4+ weeks of improvement. Most of the concern was the unemployment number, which came out Friday and was a GREAT number and tame in wage inflation. Rates are still at some of their best levels in about a year, and there is still room to improve further.

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Mortgage rates worsen towards the end of the week, and the trend is continuing today with the Stock Market rallying. But rates will bounce for the next few days in anticipation of Friday's Job Numbers. We are in locking mode, taking advantage of good rate gains and not gambling into the Jobs data on Friday.

Last week was a spectacular week for mortgage rates. As the Federal Reserve indicated that they will NOT raise rates in 2019 and may only raise rates 1x in 2020. Further concern about a recession is keep rates lower. Economic news is pointing towards a slow down, and past Fed Chairman came out today and actually indicated that the Fed may have to lower rates again. RATE ARE GREAT!

#1stChoiceLender #1stChoiceMortgage #mortgagebroker #AIME #idahome
 

In this Blog:
-Mortgage rates worsen, more than last week.
-Mortgage Fraud on the rise
-Appraisal Waivers
-Marketing Idea!

In this Blog:

• Mortgage rates are going up
• Rocket Homes?
• Down Payment Assistance update
• more!!!!

VA Veterans are allowed to purchase another home, if they have enough entitlement.  Also Reverse Mortgage for purchase and closing costs question answered.