FOR THE REAL ESTATE PROFESSIONAL

KEEP INFORMED WITH NEW BLOGS EVERY FRIDAY ON CHANGES, STATISTICS, RATES, AND MORE

FREE Exclusive Mortgage Rate Newsletter

For the Real Estate Professional

This site is dedicated to informing the Real Estate Professional. I Blog each Friday, to keep you informed of upcoming changes, statistics, rates and lending news.  There is also links to program brochures on the right, as well as charts and news to keep informed.

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1st Choice Mortgage Company, LLC BBB Business Review, boise, nampa, caldwell, kuna, eagle

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Monday, November 26, 2018

Mortgage rates were pretty much flat last week, but that was hugely STRANGE, as the stock markets totally sold off and typically with that much sell off, Mortgage Bonds would of rallied and rates should of improved, SIGNIFICANTLY. But they did not. Rates are currently worsening. With Consumer Confidence, GDP and Personal Consumption all this week, going to be a rough ride again for rates.

#1stChoiceMortgage #1stChoiceLender#MortgageBrokers #idahome

Posted by 375loan at 11/27/2018 2:22:00 AM
Monday, November 5, 2018

Mortgage rates are on a cusp of jumping quite a bit higher, as the 10 year Bond and the Mortgage Bonds are close to making a jump, which would allow rates to jump in to the mid 5%.  We are going to watch Federal Reserve decision on Thusday, not for a rate increase, but for what their policy statement is.  Then on Friday we will have Producer Price Index, or inflation at the producer level, and also this week the US is going to sell of more of our debt, which will influence rates also.  Gonig to be another roller coaster week for rates, with the consensus that rates will increase.

Posted by 375loan at 11/5/2018 10:25:00 PM
Monday, September 24, 2018

For the 4th straight week, mortgage rates have climbed, but last week we say rates tick to that 5.00% mark for some borrowers. This week it should be all about market data, but so far, the start of the week, it is all about Trump. I suspect with Trump in the news, rates will stabilize, but if the markets start looking at economic news, we will trend higher again.
#1stChoiceLender #1stChoiceMortgage #mortgagebroker #idahome
 
Posted by 375loan at 9/25/2018 12:38:00 AM
Monday, September 10, 2018


Mortgage rates are still trending up, as last weeks wage inflation numbers was not pretty. This week we also have more wage inflation in the Consumer Price Index or CPI, which will really dictate rates. This will be the most looked at report this week. We also have the US selling debt in the form of Treasury auctions that will play a roll in rates as well. Anticipating rates worsening this week.
#1stChoiceLender #1stChoiceMortgage #mortgagebrokers
 

Posted by 375loan at 9/11/2018 12:08:00 AM
Monday, August 20, 2018

We started last week with a nice improvement with Rates, then things cooled off in Turkey and we gave most of the improvement back, managed to squeak out a slight rate improvement. Over the weekend Turkey's bonds got cut to Junk status, thus putting EU banks in a little trouble. Money is moving from EU to the US and will keep our rates improving. Trump Tweets off the table, rates are all about Turkey now, and watch out for news from Italy...again, which might improve our rates also.

Posted by 375loan at 8/20/2018 10:02:00 PM
Monday, August 6, 2018

Mortgage rates are trending lower as traders are still trying to digest Friday's Job Numbers.  Was it low because business are not hiring or was it low because there are no workers.  I am of opinion of the latter, the US is at full employment, and thus wages are going to have to increase, thus inflation, and inflation is bad for Rates.  Today, we have Trump Tweeting about various items which is causing rates to decrease.  I am pretty cautious this week, as rates are in a position to break out and increase, but watch out on Trade Tweets.  Special note, we do get CPI or Consumer Price Index, which is gauge on inflation, all eyes will be focused on this report this week.

 

#1stChoiceLender #1stChoiceMortgage #MortgageBrokers

Posted by 375loan at 8/6/2018 10:03:00 PM
Monday, July 30, 2018

Mortgage rates are set to increase:

  • ADP Private Payroll
  • US BLS unemployment rate
  • PCE rates
Posted by 375loan at 7/30/2018 10:40:00 PM
Monday, July 23, 2018
Mortgage rates almost had an improvement last week, but again Trump Tweets, about Federal Reserve and China, caused rates to raise and erase all improvements. This week economic news will probably brushed aside and traders will focus on any tweets and economic news out of the White House.
 
Posted by 375loan at 7/23/2018 9:20:00 PM
Monday, July 16, 2018

Rates pretty flat last week, but today we are seeing a significant worsening as inflation and retail sales. We are still Trading in a narrow range, but with more inflation news on the horizon we are anticipating rates continue to rise this week.

#1stChoiceLender #1stChoiceMortgage #mortgagebroker

Posted by 375loan at 7/17/2018 4:09:00 AM
Friday, June 15, 2018

In this Blog:
-Mortgage rates simmer this week.
-Do Realtors need another License?
-USDA Rural Development income limits increase.

Posted by 375loan at 6/16/2018 2:41:00 AM
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