Turkey causing mortgage rates in Idaho to sink?

Mortgage rates are trending lower as traders are still trying to digest Friday's Job Numbers.  Was it low because business are not hiring or was it low because there are no workers.  I am of opinion of the latter, the US is at full employment, and thus wages are going to have to increase, thus inflation, and inflation is bad for Rates.  Today, we have Trump Tweeting about various items which is causing rates to decrease.  I am pretty cautious this week, as rates are in a position to break out and increase, but watch out on Trade Tweets.  Special note, we do get CPI or Consumer Price Index, which is gauge on inflation, all eyes will be focused on this report this week.

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In this Blog:

• Mortgage Rates are stuck.
• Underwriting on Personal Items.
• Realtor myths debunked.

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.

#1stChoiceLender #1stChoiceMortgage #mortgagebroker

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.

In this Blog:

• Mortgage rates improve this week
• New Loan Programs
• Zillow news
• Flood Zone Information

Mortgage rates increased last week, just a tad. All eyes this week are on the Federal Reserve and Wednesday announcement and policy statement. Then Friday, un