Mortgage rates for home loans were pretty much flat last week, after pretty good swing up and down.  We are still looking at locking, as the next tweet could send the stock market up or down, thus influencing bonds.  We are going to be ultra cautious as we get further and further into the month, as the Personal Consumption Expenditure or PCE report will come out on April 30th, and this is the primary report the Fed Looks to for inflation data.  Also The Fed is now purchasing less and less Mortgage Bonds each month, also adding fuel to the Rate Increase fire...remember 6% is not a bad rate!

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 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 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....

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.