Mortgage rates raise for the 3rd straight week, caused mainly by the US Stock Market.  Investors are focusing and not wanting to be left out of record gains in the stocks, while we are not seeing much conflict between Trump and North Korea.  Today we are pretty flat, as the Federal Budget is shut down and stocks are trying to figure out when it will be open up.  I anticipate flat rates until the Congress and the President acts.  Once that happens, hopefully today, they we will probably see stocks continue their rally and interest rates continue to go up.

Mortgage rates dipped for 2017, changes to mortgage for 2018, Realtor idea!

Mortgage rates last week were pretty much flat on a couple of news articles out of Washington.  The first is the tax reform bill, bond and stock traders are holding their breath to see what is in the actual bill and how it will affect companies.  No one cares about individual tax reform, it is not about the personal taxes, it is ALL about business taxes. 

The final thing that kept rates down was the government running out of money, and over the weekend they kicked the can down the road for another couple of weeks.

Both of these items are going to be in the headlines until they are finally passed, which at that time, will cause rates to become VERY volitile.  Not worth waiting for, lock'em.

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 rates slide down last week, as Congress didn't pass tax reform and the short week caused some stocks to sell off.  The next 4 weeks, until the end of the year is going to be VERY interesting, as the market anticipates the Tax Reform Bill and investors are getting more and more concern about a Stock Market Correction.  The talking heads all anticipate some sort of correction with people call for a 10% correction, which would be GREAT to Mortgage Rates.

Mortgage rates were pretty much flat last week. With all economic new pretty good and no chaos overseas, traders parked their money in the Stock Market. This week we are starting out with rate worsening.

Mortgage rates starting off higher

Trump election shocks the mortgage interest rate market, and Nevada legalizes pot.

With elections a day away, rates are going to be influenced by economic data now, up until the Federal Reserve makes their announcement on December 14th.  Which we expect a minmum .50% increase in the Fed Funds rate.  Mortgage rates are trending up, and should continue to rise.

In this blog, rates ticked up last week, due to some pretty good economic news, and Realtors should play it safe, in advertising and in showing homes.