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.

WOW, mortgage rates improved over the last few days, fueled by the major drop in Oil, and our old friend Italy is back in the news with a collapsing economy, which has the potential of taking down the EU. And then Trade Wars are back, with the US threatening 25% tariffs on electronics made in China. And lets not forget Israel & Iran trading shots. All of these items and pushing traders into bonds, which will drive down mortgage rates.

In this Blog:

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

In this Blog:
-Ada & Canyon County updated Flood Maps
-Difference between a Flood plain and a Flood Way.
 

Mortgage rates are pretty stuck in a narrow trading band, and really economic news is going to be ignored this week as all eyes are going to focus on Iran and Oil. If Oil takes a spike that will be bad negative for interest rates, because it directly influences inflation, but if there is a hint of a military conflict, then traders will go to bonds, thus balancing out the two trades.

In this blog:
Rates stable, with slight improvement, Fall out lending programs, IHA loan limits, Realtor marketing idea

In this blog:  IHA increases income limits, Mortgage rates also increasing, VA clarifies Realtor fees.

And rates continue to worsen, this will make 2nd week in a row rates have increased, and right now there is no sign of stopping. Lots of inflation news and the 10 year Bond it almost over the 3% mark, which is all trending towards another step towards 5%. REALLY watch Monday's PCE or Personal Consumption Expenditures data, this is a major inflation number and one the Fed will really look at.
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