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

Mortgage rates are on a cusp of jumping quite a bit higher, as the 10 year Bond and the Mortgage Bonds are close to making a jump, which would allow rates to jump in to the mid 5%.  We are going to watch Federal Reserve decision on Thusday, not for a rate increase, but for what their policy statement is.  Then on Friday we will have Producer Price Index, or inflation at the producer level, and also this week the US is going to sell of more of our debt, which will influence rates also.  Gonig to be another roller coaster week for rates, with the consensus that rates will increase.

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