Rates flyto the moon this month, get your SWAG on!

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.

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.

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.

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.