Mortgage rates dipped for 2017, changes to mortgage for 2018, Realtor idea!

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 slide down last week, as Congress didn't pass tax reform and the short week caused some stocks to sell off.  The next 4 weeks, until the end of the year is going to be VERY interesting, as the market anticipates the Tax Reform Bill and investors are getting more and more concern about a Stock Market Correction.  The talking heads all anticipate some sort of correction with people call for a 10% correction, which would be GREAT to Mortgage Rates.

Mortgage rate tick up a little, due to the Senate releasing their tax bill, although slightly different from the House Bill, the feeling is they can work their differences out in Reconsiliation.  We expect rates to keep in this trading band until the final bill is sent to the President.  
That is unless N.Korea does something stupid.

Info Graphic on why Realtors should go after Renters!

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....

Researching Flood zones in Boise, Meridian, Nampa, and the Treasure Valley

Mortgage rates hit 2017 lows last week and the storms battered the US and more war mongering by N. Korea.  But as the week progressed, we saw less and less improvement, and more traders get desensetized to all of the war talk, and more and more traders are focusing in on the US economy.

This week we are seeing mortgage rates climb higher, as the stock market continues to hit record highs, and in anticipate of the US government passing corporate tax reform.

Mortgage rates were pretty much flat last week. With all economic new pretty good and no chaos overseas, traders parked their money in the Stock Market. This week we are starting out with rate worsening.