Mortgage rate tick up a little, due to the Senate releasing their tax bill, although slightly different from the House Bill, the feeling is they can work their differences out in Reconsiliation.  We expect rates to keep in this trading band until the final bill is sent to the President.  
That is unless N.Korea does something stupid.

Mortgage rates continue to climb based on economic news and the stock market. We have seen Stocks hit lifetime highs each week now for quite a few weeks, as investors flee bonds and put money into this RED HOT stock market.

Mortgage rates ticked up, just a little l

Mortgage rate rose last week, as economic news came in and more people hopped onto the Wall Street Bandwagon.  We also didn't have much news out of North Korea....

Researching Flood zones in Boise, Meridian, Nampa, and the Treasure Valley

Mortgage rates hit 2017 lows last week and the storms battered the US and more war mongering by N. Korea.  But as the week progressed, we saw less and less improvement, and more traders get desensetized to all of the war talk, and more and more traders are focusing in on the US economy.

This week we are seeing mortgage rates climb higher, as the stock market continues to hit record highs, and in anticipate of the US government passing corporate tax reform.

Mortgage rates last week ticked down to 2017 lows, caused by the anticipation of a N. Korea ICBM launch and hurricane IRMA potential destruction.  But over the weekend, no Launch and IRMA wasn't as bad as anticipated, albeit pretty bad.  This is causing bonds to sell off and the stock market to rally, thus giving back pretty much all mortgage rate improvement of last week.

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

As I indicated in the Blog last week, rates were anticipated to rise, based on economic news, unless N. Korea and Trump decided to ratchet up over the weekend, Read More...