Weekly Newsletter – 01-20-17

 

Shining Star Funding Logo VIEW ONLINE
SHORT APP
VISIT OUR SITE

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS

img-230-130 img-230-130

Weekly Mortgage Watch – January 19 2017

Weekly Mortgage Applications – 01-13-17

  • 30 Year Mortgage Rate decreased to 4.09% compared to 4.12% last week. The 30 year rock bottom rate touched in last 10 years is 3.38%
  • 15 Year Mortgage Rate decreased to 3.34% compared to 3.37% last week. The 15 year rock bottom rate touched in last 10 years is 2.66%
  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.21% compared to 3.23% last week. The 5 year rock bottom rate touched in last 10 years is 2.67%
  • Rates are are still low.Purchase or Refinance before rates move up further
  • Mortgage applications increased 0.8 percent for the week ended January 13, 2017
  • Mortgage apps move in the inverse direction of rates
  • Last three weeks the rates reduced causing mortgage apps to move in positive territory
  • Share your comments on our Facebook page!
img-134-31 img-134-31

“Success is liking yourself, liking what you do, and liking how you do it.”

– Maya Angelou

img-300-29


HOUSING AND ECONOMIC DATA

Unemployment Rate and Initial Claims – November 2016

img-400-300
  • Initial Claim in US is at 251,500 with a 7.6% decrease in November 2016 and Initial Claim in California is at 45,700 with a 1.1% increase in November 2016
  • Unemployment rate in US is at 4.6% with a 8% decrease in November 2016 and Unemployment in California is at 5.3% with a 10.2% decrease in November 2016
  • Santa Rosa MSA has the highest decrease of unemployment rate from year ago at 16.4% in November 2016
  • Bakersfield MSA has the least decrease of unemployment rate from year ago with 3.2% change in November 2016
img-134-31

img-230-300 img-230-300

Payroll and Unemployment – November 2016

Consumer Price Index – November 2016

  • Industrial Production Index has decreased to 103.8589 in November 2016 reflecting a 0.6% decrease from year ago. All Employees Total Non-farm  has increased to 145,147 in November 2016 reflecting a 1.6% increase from year ago
  • Average Initial Claims in United States decreased to 251,500 in November 2016 reflecting a 7.6% decrease from year ago. The Average Initial Claims in California increased to 45,700 in November 2016 reflecting a 1.1% change from year ago
  • Santa Rosa in California  had the highest drop in Unemployment Rate in November 2016 with 16.4% decrease from year ago. 10 Year Break even Inflation rate increased to 1.82% with 15.9% increase from year ago. The average hourly earning of all employees has increased to 25.90 dollars per hour with 2.5% increase in November 2016
  • Personal consumption expenditures has increased to $12,970.4 Bn in November 2016 with a 4.2% increase from year ago and Personal savings rate decreased to 5.5% in November 2016 reflecting a 9.3% decrease  from year ago
  • San Francisco MSA leads the Primary House Rent index at 406.379 reflecting a 6.7% increase from year ago followed by Los Angeles at 338.473 reflecting a 5.2% increase from year ago. National index is at 301.587 reflecting a 3.9% increase from year ago
  • CPI for all items in San Francisco is highest at 270.306 with 3.6% increase from year ago compared to Los Angeles at 250.185 with 1.8% increase from year ago and National at 242.348 with a 1.7% increase from year ago
  • San Francisco MSA housing index leads at 317.445 with a 6.7% increase compared to Los Angeles at 281.4 with 4.5% increase and National at 246.271 with 2.9% increase from year ago
  • Share your comments on our Facebook page
img-134-31 img-134-31

“There are no secrets to success. It is a result of preparation, hard work, and learning from failure.”

– Colin Powell

img-300-29


FEATURED LOAN PROGRAM

img-400-300

1 Year Tax Verification

  • Easy 1 year income verification for Self Employed borrowers
  • First loan up to $625,500.Second Loan upto $350000.Combined 90% financing without MI
  • Family Members can cosign for borrower.Co signor need not occupy home
  • Subject to automated underwriting only.Second loan not directly offered by Shining Star Funding
img-134-31

img-230-300 img-230-300

Remove Mortgage Insurance

5% – 10% Down Loan

  • Single loan to 95% with no mortgage insurance (with lender paid mortgage insurance)
  • Break up your loan for 80% first and 10% second and save MI.Refinances and Purchases OK
  • Refinance to 80% and get rid of MI
  • Automated underwriting only
  • 5% down to county conforming limits.10% down to $975500.80/10/10 loans with no mi
  • First Loan limited to County Conforming limits
  • Second Loan not directly offered by Shining Star Funding.Maximum second loan $350000
  • 1 year return program available for self employment,wage earners,retired and rental income earners
img-134-31 img-134-31

Quick Turnaround and Closing

With inhouse underwriting and funding. Call me and let’s make it happen!
img-500-286
img-134-31
SCHEDULE A LOAN OFFICER PHONE CALL FILL OUT THIS SHORT APPLICATION FORM NOW

“Be better than you were yesterday.”

– Anonymous

img-300-29


WEEKLY NEWS UPDATE!

Premium Reduction May Give FHA Competitive Edge Over GSEs

img-300-29

img-146-90

U.S. Mortgage Rates Jump to More Than 2-Year High After Fed Hike

img-300-29

img-146-90

Higher prices give homeowners billions more in equity, but mood is soured by rising mortgage rates

img-300-29

img-146-90

JPMorgan settles federal mortgage discrimination suit for $55 million

img-300-29

img-146-90

“Success consists of going from failure to failure without loss of enthusiasm.”

– Winston Chirchill

img-300-29


OTHER NICHE LOAN PROGRAMS

Product Loan And Niches

Niche Loan Programs

img-230-130 img-230-130
  • Conventional Loan
  • FHA Loans
  • 100% VA Loans
  • Jumbo Loans
  • Zero Down Loan
  • 2 VA Loans
  • 1 Year Tax Verification
  • Remove Mortgage Insurance
img-134-31 img-134-31

Second Opinion Doesn’t Hurt!

Talk to me today about your scenario and let me help you find the perfect solution for you!
img-500-286
img-134-31
SCHEDULE A LOAN OFFICER PHONE CALL FILL OUT THIS SHORT APPLICATION FORM NOW
 

USEFUL LINKS

Short App

Unsubscribe

 

ABOUT US AND CONTACT US

About Shining Star Funding

Telephone: 925 820 2981

Toll Free:     866 280 0020

Email:          [email protected]

 

 

image_pdfimage_print

Leave a Reply

Your email address will not be published. Required fields are marked *