Mortgage Market News for the week ended November 19, 2021 Rising Covid case counts, particularly in Europe, outweighed stronger than expected consumer spending and retail sales data this week, and mortgage rates ended a little lower. To help reduce the spread of...
PPP loans have truly been a lifesaver for so many small businesses over the last year, but all good things must come to an end, and the PPP funds are no different. Despite the application deadline being pushed back a couple of months, many are projecting that the $66B...
Mortgage Market News for the week ended November 05, 2021 Much stronger than expected key inflation data was negative for mortgage markets this week, and rates ended higher. The Consumer Price Index (CPI) is a closely watched inflation data indicator that looks at...
Mortgage Market News for the week ended October 29, 2021 As anticipated, the GDP report released this week reflected the negative impact of the pandemic and supply chain issues on growth, and the latest inflation data matched expectations. Mortgage rates ended the...
Have you received a phone call or email from someone asking you to withdraw or forward an unexpected automatic deposit in your account (or part of it) to someone else? Have you received a letter from the Montana Department of Labor & Industry addressing your...
Many of you have learned of the security breach of Equifax, a major U.S. credit reporting agency. It has been reported that personal information from approximately 143MM U.S. consumers was potentially compromised. There are things that you can do to protect your...
As predicted, the Fed raised rates 25 bps to 1.25%. Bank of Bozeman increased some of our rates for deposits. The prime rate increased correspondingly to 4.25%, but long-term mortgage rates are at some of their lowest levels all year. So we have good news for...
If you’ve been losing sleep over the past month's stock market volatility as you watch your stock portfolio gyrate, perhaps it is time to consider taking some of those funds and investing in your local community bank. Your savings are Federal Deposit Insurance...
Bankers get this question a lot – from customers, investors, and our bank boards. There are seemingly endless experts out there with an opinion based upon their assessment of the latest economic data, world events, and the psychology of the individual Fed governors....