Mortgage rates ticked up, just a smidge, after a pretty wild and volitile week.  The main influence last week, that actually caused rates to ease, was the threat of Trump adding tariffs onto Steel and Aluminum, which would not only hinder the US economy, but cause allies to impose tariffs on our stuff as well.

Rates keep going up, when will it stop...can you say 7%

Rates flyto the moon this month, get your SWAG on!

Mortgage rates raise for the 3rd straight week, caused mainly by the US Stock Market.  Investors are focusing and not wanting to be left out of record gains in the stocks, while we are not seeing much conflict between Trump and North Korea.  Today we are pretty flat, as the Federal Budget is shut down and stocks are trying to figure out when it will be open up.  I anticipate flat rates until the Congress and the President acts.  Once that happens, hopefully today, they we will probably see stocks continue their rally and interest rates continue to go up.

Mortgage rates worsened a little last week, as the stock market continues to hit all time highs, forcing bonds higher, and thus taking mortgage rates higher. Upcoming events to watch out for, US Budget and Winter Olympics in Korea. US also moved another aircraft carrier towards Korea.

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.

After a crazy roller coaster week, all focused on Senate Tax Reform Bill, interest rates ticked up, just a little.  This week will focus on Reconciliation of the 2 Tax Bills, along with N. Korea.  Final Bill that will be sent to the President will more than likely cause a pretty good rally for stocks, thus selling of Bonds, thus higher interest rates.  But War with N. Korea will cause just opposite affect.

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....