Mortgage rates in Idaho worsened last week, as the Trump Admin and China looks like they have made a trade deal, or atleast Phase 1.  I indicated a few months back that I felt the closer we got to the election the more likely a trade deal would get done.  I really feel that this deal was pushed up to front run the impeachment hearings...but what ever.

The bond market and stock market really are not looking at economic numbers and is focusing on Trade, so no use speaking about numbers today (housing, unemployment, inflation).  I will speak about the pending recession, when ever that may happen.  Two talking heads spoke last week, pushing the recession out of 2020 and into 2021, and with the pending Trade Deal, 2020 is looking REALLY GOOD for economic growth.

Watch for the details to come out of the Trade Deal, this will really either set the stock market on FIRE, and thus mortgage rates will continue to go up.  OR if it is like the deal with Mexico/Canada, which is flaking out, then we could see stocks sell off and mortgage rate improve.

FHA Home Mortgage Limits go up in Idaho!

Mortgage rates were up for the Boise, Meridian and Nampa area, just slightly last week, and rates have hit a wall, and it is going to require some pretty big economic or political news to break through it. But for now, rates are at 18 month lows. Be on the watch for what the Federal Reserve says this week, if they indicate a rate cut, our rates will go up and the stock market will rally on that news.

More data and look at Canyon County! Nampa home prices up 16.8% and Caldwell up 17.7%. And we still have people waiting. Purchase a home in 2018, you now have 17.7% in equity. OR on the flip side, waiting to purchase, the home you wanted is now 17.7% more. Need a Realtor to help you out, call ME, I have some of the BEST Realtors in Idaho I can refer you to!!!

Numbers are out for May for Ada County, Boise, Meridain, and can I say WOW. Another killer report, with home prices up AGAIN. But homes sold were down, not a negative sign, but a sign of high prices. But June's numbers should be better as Interest Rates have SUNK to 18 month lows, which should spike home purchases!

#Home #Idaho #IdaHome #IdahoHomeLoan #IdahoRealEstate#IdahoMortgage #1st #1stChoiceLender #1stChoiceMortgage #IdahoBroker#BrokersRock #BrokersAreBetter #AdaCounty #CanyonCounty#PayetteCounty #Boise #Meridian #Nampa #Caldwell #Kuna #Eagle#MortgageAdviser #MORTGAGEBROKER #MORTGAGELENDER #AIME

NMLS380736, 4475

Mortgage rates worsened a little last week, as the stock market continues to hit all time highs, forcing bonds higher, and thus taking mortgage rates higher. Upcoming events to watch out for, US Budget and Winter Olympics in Korea. US also moved another aircraft carrier towards Korea.

Mortgage rates improved a little last week, as Spain goes  through a little chaos and the Tax Reform Bill isn't what it was all cracked up to be.  This week we are starting out with rates improving a little.  But all eyes will keep on 3 items, Spain, N. Korea and the Tax reform bill.
 

Info Graphic on why Realtors should go after Renters!

In this Blog:
-Mortgage Rates crash, thanks to China
-Mortgage Fraud on the Rise
-FHA down to 500 FICO?!
-Lead Generator

In this Blog:
Rates
Debt Zombies
Realtor ID numbers
New Flood Insurance Changes
Time for Testimonials