In this Blog:
-Rates improve for then 2nd week
-Kuna sad to lose RD
-CE classs sign up:  FREE CE
-Hiring a LO

Rates

 Well we can thank the government and the potential shut down for taking some of the pressure off rates, as they improved quite nicely this week.

 Along with that, we did have some economic news which is causing some economics to start the chatter about a US economic slowdown.

 Consumer confidence from a 81.5 last month to 79.7 this month, wrong direction, 50 is the base line, above 50 = good.

 Durable goods came in at 0.1%, not so good, and last month was revised down to -8.2%.  Could show a sign of weakness in manufacturing.

 GDP and Weekly jobless claims came in good, with jobless claims coming in at 305,000 which is quite low, and getting under that 300K mark would actually start meaning job growth.

 Pending home sales was -1.6%, and thus a reflection in the mind set that interest rates are high.  But keep in mind, interest rates should be in the high 5’s to low 6’s right now with out Fed assistance.

 And Consumer Sentiment came in at 77.5 and an estimate of 78.0, another drag.

 So based on these factors, rates didn’t do a thing, rates were all focused on the government shutdown.  So money was taken out of stocks and put into safe havens like bonds.

 Right now, as long as the government is teetering on a shutdown we are in a neutral stance on locking,  and this will continue until after October 12^th, because that is when the debt ceiling needs to be risen.

 Once these two items are solved, bonds should return to looking at economic data and thus keep rising, albeit slower because speculation is with current economic report showing a slowing economy, the Fed may resist the temptation to remove the QE3 and thus keep rates low.

 HARP

 The Home Affordable Refinance Program, which allows people to refinance with little to no equity, if they have a Fannie Mae or Freddie Mac loan has been extended through 12/31/2013

 RD and Kuna

 No reprieve for Kuna, come Tuesday they are not going to be a RD property

 Continue Education Class

 We were overwhelmed with the response for our CE class, so much it filled up in <48 hours.

 So we opened up a 2^nd class, to be on 10/30 at 12:30 to 4:00 PM.

 Link below will allow you to sign up:

 https://www.titleonecorp.com/productsandservices/continuinged_registration.aspx?class=71

 Loan officer position open:

 I am hiring 1-2 loan officers, link to job posting below:

 http://boise.craigslist.org/rej/4062798650.html