Mortgage Rates Steady at Long-Term Highs Ahead of Fed
MAY 3, 2022 - Mortgage rates hit their highest levels since 2009 yesterday amid the fastest spike since the early 1980s. Today's rates were very similar on average, but the bond market left some room for mortgage lenders to offer improvements during the day. A few of them did, but bond gains evaporated in the afternoon, resulting in rates returning back to long-term highs by the close.
As for motivations, today's volatility wasn't overtly connected to any individual root cause. The best cases for correlati...

When you're looking at Boise homes for sale, there's a lot to take in. The beautiful neighborhoods, strong local economy, and terrific dining will keep your calendar full. But there's one untold story of Idaho that's only just starting to get attention: Its vibrant local wine scene.
Our real estate agents are proud to share that after many years of hard work, the Boise Valley area has recently received its wine appellation designation. This means Boise Valley joins the Napa Valley and a host of other world-famous locales in being a legally determined and protected wine region.

The Coldwell Banker Tomlinson #DoersOfGood program is designed to shine a light on the givers in our real estate family, and, by doing so, encourage others in our community to help wherever they can.
We were pleased to wrap up April by telling you a bit more about our #CBTDenimDay efforts to help The Women's and Children's Alliance in Boise. Throughout the month, sold #CBTDenimDay buttons to our agents and staff in an effort to raise money and awareness for the WCA.
Abigail Gibson, a Realtor® in our Meridian office, has been a volunteer at t...
From Our Friends at Integrity Computer Consulting and Repair
Technology scams are running rampant right now, whether they come by email, phone call, and now text messaging. We have had several customers reach out about texts that look to be from their bank asking to "verify information." Be vigilant when dealing with any communications via phone call, email, or text that regard any exchange of money or "verifying" any account information with a link or number to call.
Our recommendations are as follows:
Fed Guidance Indicates Rapid Plans to Reduce Their Bond Portfolio
This week, investors awaited the latest Fed guidance. With last month's surprises from the Federal Reserve, Fed officials plan to reduce their bond portfolio more quickly than expected.
This news generated a negative impact for mortgage rates. Thus, mortgage rates rose to their highest levels since late 2018.
Fed Guidance Indicates Rapid Pace
To review, the Federal Reserve loosens monetary policy to boost the economy during periods of weakness such as after the start of the pandemic. By contrast, when the economy exceeds a certain capacity, the demand for...