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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.
Numbers are out for May for Ada County, Boise, Meridain, and can I say WOW. Another killer report, with home prices up AGAIN. But homes sold were down, not a negative sign, but a sign of high prices. But June's numbers should be better as Interest Rates have SUNK to 18 month lows, which should spike home purchases!
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Mortgage rates trended higher last week as rumors of a trade deal with China popped up. All eyes will be on China and trade deal. If we get a trade deal, Stocks should shoot up and mortgage rates should also rise. And also watch the Brexit news, this will be a rate influences as well.
Mortgage rates worsened towards the end of last week, but still showed an overall improvement. Today we are seeing rates worsen and inflation is back in the news. Rates are pretty good, this will will either set a nice floor or make a breakout to higher numbers.
2019 Reverse Mortgage or HECM loan limits
Mortgage rates ended higher last week by 0.02, not much, could of been worse, as the Federal Reserve indicated that they will continue to raise rates, which indicates they see inflation on the horizon. And inflation is BAD for mortgage rate!
If you didn't watch my blog from last week, the link is here, I go over rates a little more: https://goo.gl/SeY3vC
In this Blog:
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
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