Mortgage rates are set to increase:

• ADP Private Payroll
• US BLS unemployment rate
• PCE rates

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

In this Blog:

• FHA News about Mortgage insurance
• Realtor stealing drugs.
• Mortgage rates
• Social Median Postings

Rates traded in a very narrow channel last week, with them overall improving just slightly. This was mainly due to Trump and Trade. This week it will again be about Trade and Trump's Tweets. Economic reports this week mainly focus on Housing with Starts, Permits and Existing Home Sales.

In this Blog:
-Mortgage rates simmer this week.
-Do Realtors need another License?
-USDA Rural Development income limits increase.

Mortgage rates up last week, but not as much as they could of been. All eyes are going to be on 3 items this week. 1-Trump summit, if things good good, rates will worsen. 2-Fed Meeting on Wednesday, .25 is baked into rates but it will be the comments that will touch off rate increase or decrease. And 3rd, European and Japanese Reserve Banks will all comment his week as well. It should not be a great week for rates.

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.