Mortgage rates were pretty much flat last week, but that was hugely STRANGE, as the stock markets totally sold off and typically with that much sell off, Mortgage Bonds would of rallied and rates should of improved, SIGNIFICANTLY. But they did not. Rates are currently worsening. With Consumer Confidence, GDP and Personal Consumption all this week, going to be a rough ride again for rates.

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Mortgage rates ended higher last week by 0.02, not much, could of been worse, as the Federal Reserve indicated that they will continue to raise rates, which indicates they see inflation on the horizon.  And inflation is BAD for mortgage rate!

If you didn't watch my blog from last week, the link is here, I go over rates a little more:  https://goo.gl/SeY3vC

In this Blog:

• Mortgage rates heading for high 5%'s
• Fannie mae tightening underwriting guidelines
• Manufactures home are not scary.

In this Blog:

• -Mortgage rates improve, a little.
• -Realtors & CLUE List.
• -FREE Appraisal report

In this Blog:

• Rates Stablize for now
• The end is near?
• The end is near, version 2
• Marketing Idea

Mortgage rates pretty much took last week off, and the stock market battled with a sell off. But this is an issue, typically, when stock tank, investors put their money into Bonds, and they did NOT last week. Lots of economic data to digest this week, mainly focusing on Housing. Still no reason to float rates, they are continuing to go up!

In this Blog:
-Mortgage rates worsen, more than last week.
-Mortgage Fraud on the rise
-Appraisal Waivers
-Marketing Idea!