Mortgage Rates in Boise & Nampa made a GREAT run lower last week, hitting 24 month lows on Wednesday, only to pull back on Friday. Today we are looking to make a run lower again home loan rates as the news media look towards the 3T again, with Trump Tweeting about Tariffs with a meeting with China coming up. If the meeting goes well, this could spell the end of good rates as any movement in tariffs easing with cause stock market to rally. On the flip side, if Trump storms out of meeting, and Tariffs stay in place we would see a sell off in Stocks and Interest rates would improve. Watch the news!

Mortgage rates slide again last week, although giving some of it back today. Pending the 3T's (Trump, Tweets & Tariffs), most of the economic news should be mortgage rate friendly this week. We are seeing conventional hovering in the high 3's and government (FHA/VA/USDA) in the mid to low 3's.

#Home #Idaho #IdaHome #IdahoHomeLoan #IdahoRealEstate#IdahoMortgage #1st #1stChoiceLender #1stChoiceMortgage #IdahoBroker#BrokersRock #BrokersAreBetter #AdaCounty #CanyonCounty#PayetteCounty #Boise #Meridian #Nampa #Caldwell #Kuna #Eagle#MortgageAdviser #MORTGAGEBROKER #MORTGAGELENDER #AIME

NMLS380736, 4475

Mortgage Rates posted a very nice improvement last week, all based on Trump, Tweets and Tariffs. Economically, the numbers were good, but traders are fearing China's next move, and thus traders are selling stocks and putting their money into safe havens like Mortgage Bonds. We are carefully floating this week and the 3T will be influencing rates more than anything else.

#Home #Idaho #IdaHome #IdahoHomeLoan #IdahoRealEstate#IdahoMortgage #1st #1stChoiceLender #1stChoiceMortgage #IdahoBroker#BrokersRock #BrokersAreBetter #AdaCounty #CanyonCounty#PayetteCounty #Boise #Meridian #Nampa #Caldwell #Kuna #Eagle#MortgageAdviser #MORTGAGEBROKER #MORTGAGELENDER #AIME

NMLS380736, 4475

Mortgage rates managed to squeak out a small improvement last week, but we are starting out this week worsening, as Trump extended Tariff hold and it looks like there could be a Trade Deal with China. This could be bad for rates as a good trade deal with ROCK the Stocks and typically sends bonds yields higher, which will send mortgage rates higher.

 

Mortgage rates worsened a little last week, and stock rallied for 5 days. I am thinking rates may worsen this week as well, with a potential China resolution on trade coming and Companies start announcing last quarter earnings. We also have housing data, inflation data, and Retail Sales for December. If all of these are good, Stocks should rally which will drive mortgage rates higher.
.
 

Mortgage rates improved last week, as volatility in the stock market is sending investors to Bonds and Mortgage Back Securities. Although a short trading week, we do have unemployment numbers and more important wage inflation being released at the end of the week. Also word out is progress on China Trade. This could break our trend and cause stock to rally.

 

Mortgage rates were pretty much flat last week, but that was hugely STRANGE, as the stock markets totally sold off and typically with that much sell off, Mortgage Bonds would of rallied and rates should of improved, SIGNIFICANTLY. But they did not. Rates are currently worsening. With Consumer Confidence, GDP and Personal Consumption all this week, going to be a rough ride again for rates.

#1stChoiceMortgage #1stChoiceLender#MortgageBrokers #idahome

Mortgage rates ended higher last week by 0.02, not much, could of been worse, as the Federal Reserve indicated that they will continue to raise rates, which indicates they see inflation on the horizon.  And inflation is BAD for mortgage rate!

If you didn't watch my blog from last week, the link is here, I go over rates a little more:  https://goo.gl/SeY3vC

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