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.

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In this Blog:

• FHA News about Mortgage insurance
• Realtor stealing drugs.
• Mortgage rates
• Social Median Postings

Mortgage rates were pretty much flat last week, as the holiday preventing trading and everyone was wondering the effect of the trade war. Also there were no economic Tweets from Trump as he focused on his Supreme Court decision. This week we will focus on Inflation at the Consumer Level. Rates are worse this morning and we anticipating them worsening as the work progresses.

Rates traded in a very narrow channel last week, with them overall improving just slightly. This was mainly due to Trump and Trade. This week it will again be about Trade and Trump's Tweets. Economic reports this week mainly focus on Housing with Starts, Permits and Existing Home Sales.

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

Mortgage rates up last week, but not as much as they could of been. All eyes are going to be on 3 items this week. 1-Trump summit, if things good good, rates will worsen. 2-Fed Meeting on Wednesday, .25 is baked into rates but it will be the comments that will touch off rate increase or decrease. And 3rd, European and Japanese Reserve Banks will all comment his week as well. It should not be a great week for rates.

With Spain and Italy cooling off, and the threat of higher tariffs, inflation is back in the news. Traders are looking towards more economic reports this week to guage inflation again. We are seeing rates trend back up, but this could all change with 1 tweet.

After a pretty WILD week for the stock market and rates, rates increased a little. And typically, with the stock market down over 1000 points, rates would of improved a TON, but inflationary news is keeping rates on their upward movement.

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