Mortgage rates in Idaho worsened last week, as the Trump Admin and China looks like they have made a trade deal, or atleast Phase 1.  I indicated a few months back that I felt the closer we got to the election the more likely a trade deal would get done.  I really feel that this deal was pushed up to front run the impeachment hearings...but what ever.

The bond market and stock market really are not looking at economic numbers and is focusing on Trade, so no use speaking about numbers today (housing, unemployment, inflation).  I will speak about the pending recession, when ever that may happen.  Two talking heads spoke last week, pushing the recession out of 2020 and into 2021, and with the pending Trade Deal, 2020 is looking REALLY GOOD for economic growth.

Watch for the details to come out of the Trade Deal, this will really either set the stock market on FIRE, and thus mortgage rates will continue to go up.  OR if it is like the deal with Mexico/Canada, which is flaking out, then we could see stocks sell off and mortgage rate improve.

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Mortgage rates worsened again last week for Boise & Nampa, and through yesterday. The main cause is the potential of getting a trade deal with China AND the potential of the Federal Reserve lowering rates this week. YES when the Federal Reserve lowers their rates, historically mortgage rates go up.

Boiose Mortgage Rates ticked up slightly again last week, as there is more talk about a trade deal with China. If the US does get a trade deal with China, the talking heads are saying this could eliminate the Recession potential, and actually bring back a RED HOT economy, this bring back Inflation, and Inflation is BAD for mortgage rates. Keep watching the headlines: Trump, Tweets & Tariffs.

Mortgage rates for Boise & Nampa rose last week as Trump Tweeted that there might be a Trade Agreement with China. This caused the stock market to rally and mortgage rates to rise, quite a bit actually. Although recent economic news still points to a recession in late 2020, a Trade Deal could push the Recession back. Traders are pretty much ignoring economic news and are focusing on Tweets....unfortunately.

Mortgage rates in Boise & Nampa sank just a little last week, as more data is pointing to a recession, and Trump continues to Tweet. Watch the recession news, not the Federal Reserve News, as we see rates continue to slide this week.

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 were up for the Boise, Meridian and Nampa area, just slightly last week, and rates have hit a wall, and it is going to require some pretty big economic or political news to break through it. But for now, rates are at 18 month lows. Be on the watch for what the Federal Reserve says this week, if they indicate a rate cut, our rates will go up and the stock market will rally on that news.

More data and look at Canyon County! Nampa home prices up 16.8% and Caldwell up 17.7%. And we still have people waiting. Purchase a home in 2018, you now have 17.7% in equity. OR on the flip side, waiting to purchase, the home you wanted is now 17.7% more. Need a Realtor to help you out, call ME, I have some of the BEST Realtors in Idaho I can refer you to!!!