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.

Home Loan Mortgage rates were almost flat last week, as the stock market gave back a little and bond traders socked the money into bonds.  But don't think this is a reversal of mortgage rates, we are still anticipating rates to be in the 5% by end of March.

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.