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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.
In this Blog:
In this Blog: -Ada & Canyon County updated Flood Maps -Difference between a Flood plain and a Flood Way.
Mortgage rates for home loans were pretty much flat last week, after pretty good swing up and down. We are still looking at locking, as the next tweet could send the stock market up or down, thus influencing bonds. We are going to be ultra cautious as we get further and further into the month, as the Personal Consumption Expenditure or PCE report will come out on April 30th, and this is the primary report the Fed Looks to for inflation data. Also The Fed is now purchasing less and less Mortgage Bonds each month, also adding fuel to the Rate Increase fire...remember 6% is not a bad rate!
Mortgage rates continue to climb for home loans in Boise and surrounding Idaho. We are seeing less investment and more and more traders are pulling their money out of Bonds and into the red hot stock market. This is going to continue until we start to get earnings from companines and traders start to see just how much the new Federal Tax plan affects the bottom line and profits.
We are also seeing quite a bit of cooling on the Korean Pensula, as the tit for tat between Rocket Man and Trump seem to be on simmer, probably due to the Olympic Games. So we will see what happens once the games end.
In this Blog: -Rates going down -FHA and eSigning -Mortgage Debt Relief Act going no where -RD changes -Lead Generator tool!
In this blog: -Rates go up, yeah, yeah, again. -Why buy/sell a home now. -QM rules -FHA Back to Work Program!
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