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.

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.

Last week we fell below the 200 day moving average for Mortgage bonds, which is pretty significant, and if we don't get above there in the next couple of day, we could see a dramatic raise in interest rates and the market will test new high for rates.

Mortgage rates last week were pretty flat, squeaking out a minimal .06 reduction.  This week we are in a neutral stance, mainly because the Federal Reserve meets this week.  And although we do not anticipate a rate hike, we do expect some guidance on unwinding their balance sheet and by how much.  This will include the Fed NOT purchasing any more mortgage back securities (MBS).  The Fed has been purchasing MBS  for 8+ years now, keeping mortgage rates artificially low.  As they start to NOT purchase MBS and also potentially selling MBS, we will see rates become even more volatile, thus rising with the markets, instead of being influenced by the Federal Reserve.

Mortgage  rates increased last week, mainly due to info out of Europe that the EU central bank is going to quit buying bonds.  Also we received more strong economic news from the US markets, and...well The Donald is making news too.

Mortgage rates last week, eeked out a slight improvement, but stock market this week is off to a hot start, and that improvement has been wiped out.  

Mortgage rates would of worsened by .25 last week, with all the economic news pointing out to AWESOME, but with Trump's executive action with regards to immigration, stocks sold off and people ran to bonds, thus making last week pretty much flat.