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

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.

Mortgage rates trended lower last week, as deadlock in congress is making it less and less possible for Trumps Tax Reform to get complete.  We also saw oil dip to a 7 month low, which is going to put pressure on stocks, thus more people going into Bonds.

Mortgage rate were very flat last week, caused my the Federal Reserve and some weak Inflation Numbers.

Mortgage rates slide a little last week, mainly due to the Obamacare replacement failing in the house.  This might be a prelude to new proposed tax reform, which Wall Street was banking on and what caused the stock market to rally over 1000 points.