Mortgage rates worsen towards the end of the week, and the trend is continuing today with the Stock Market rallying. But rates will bounce for the next few days in anticipation of Friday's Job Numbers. We are in locking mode, taking advantage of good rate gains and not gambling into the Jobs data on Friday.

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 are set to increase:

• ADP Private Payroll
• US BLS unemployment rate
• PCE rates

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.

In this blog we discuss FHA down to 500, mortgage rates and where they are going and the mortgage interest deduction.

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

Mortgage rates pretty flat, but lots could make that change, Credit repair company get's "banished".

WOW, mortgage rates are sliding a little, all off comments from the Fed Reserve that they may not raise their rates again this year.  But we shall see.  Also we are starting to see some economic numbers come in lower than expected.

Mortgage rates ticked up again last week, mainly on GeoPolitics, but we did get some interest news out of the Federal Reserve. Starting in September, they will quit buy Mortgage Back Securities (MBS), and also start to sell MBS. If this becomes the new norm, we are finally going to see mortgage rate NOT be influenced down by the Government, and they will finally, after 9 years, be traded evenly with the market. Thus...wait for it...rates will finally trend to where they should be, in the high 4's to low 5's.