Weekly Newsletter – 09-07-18

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – September 06, 2018

Weekly Mortgage Applications – 09-05-2018

  • 30 Year Mortgage Rate increased to 4.54% compared to 4.52% last week. The 30 year rock bottom rate touched in last 10 years is 3.55%

  • 15 Year Mortgage Rate increased to 3.99% compared to 3.97% last last week. The 15 year rock bottom rate touched in last 10 years is 2.86%

  • 5/1 Adjustable Rate Mortgage Rate increased to 3.93% conpared to 3.85% last week. The 5 year rock bottom rate touched in last 10 years is 2.75%

  • Rates are still low. Purchase or Refinance before rates move up further

  • Mortgage applications decreased by 0.1% for the week ended September 05, 2018

  • Mortgage apps move in the inverse direction of rates

  • Rate are still low. If already on a fixed  30 year rate, change to a 15 year fixed loan and cut your term!

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"Business is like a wheel barrow. Nothing happens until you start pushing."

– Robert Kiyosaki

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CONVENTIONAL LOAN PROGRAM

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"Financial freedom is available to those who learn about it and work for it."

– Anonymous

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HOUSING AND ECONOMIC DATA

Freddie Mac Mortgage Rate Trend Actuals Vs Forecasts – June 2018

 

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  • 30 year Fixed Mortgage Actual Rate is 4.3% in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 4.6% and will increase to 4.9% in 4th quarter of 2018. Forecast for 1st quarter of 2019 is 4.9% and will increase to 5.4% in 4th quarter of 2019

  • 10 year Const. Mat. Treas Actual Rate increased to 2.8% in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 2.9% and will increase to 3.1% in last quarter of 2018. Forecast for 1st quarter of 2019 is 3.3% and will increase to 3.7% in last quarter of 2019

  • 5/1 year Hybrid Treasury Indexed ARM Actual Rate is 3.6% in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 4.0% and will increase to 4.4% in last quarter of 2018. Forecast for 1st quarter of 2019 is 4.4% and will increase to 4.9% in last quarter of 2019

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Freddie Mac Unemployment Rate – Consumer Prices – Real GDP – Actual and Forecasts – June 2018

Freddie Mac Housing Starts – Home Sales – House Price Appreciation – Home Price Index – Actual and Forecasts – June 2018

  • Actual unemployment rate for 1st quarter of 2018 is at 4.1%. Forecast unemployment rate for 2nd quarter of 2018 is 3.9% and will decrease to 3.8% in the last quarter of 2018. Forecast unemployment rate for 1st quarter of 2019 is 3.8% and will increase  to 4.1% in the last quarter of 2019

  • Actual CPI for 1st quarter of 2018 is at 3.5%. Forecast for 2nd quarter of 2018 is 2.2% and will increase to 2.4% in the last quarter of 2018. Forecast for 1st quarter of 2019 is 2.2% and will increase to 2.5% in the last quarter of 2019

  • Actual Real GDP is at 2.2% in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 2.9% and will decrease to 2.6% in the last quarter of 2018. Forecast for 1st quarter of 2019 is 2.5% and will decrease to 2.3% in the last quarter of 2019

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  • Housing Starts actual is 1.32 MN in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 1.28 Mn going up to 1.33 Mn in last quarter of 2018. Forecast for 1st quarter of 2019 is 1.36 Mn going up to 1.43 Mn in last quarter of 2019

  • Total Home Sales Actual decreased to 6.16 Mn in 1st quarter 2018. Total Home sales for 2018 is at 6.20 Mn in 2nd quarter and up to 6.43 Mn in the last quarter of 2018. Total Home sales for 2019 is at 6.42 Mn in 1st quarter and up to 6.47 Mn in the last quarter of 2019

  • FMHPI house price appreciation actual is at 2.0% in 1st quarter of 2018. House price appreciation forecast for 2018 is at 1.6% in the 2nd quarter and 1.4% in the last quarter. House price appreciation forecast for 2019 is at 1.4% in the 1st quarter and 1.0% in the last quarter of 2019

  • Share your comments on our Facebook page!

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"Pleasure in the job puts perfection in the work"

– Aristotle

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FHA LOAN PROGRAM

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Quick Turnaround and Closing

With inhouse underwriting and funding. Call me and let's make it happen!

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VA LOAN PROGRAM

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JUMBO LOAN PROGRAM

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Second Opinion Doesn't Hurt!

Talk to me today about your scenario and let me help you find the perfect solution for you!

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SCHEDULE A LOAN OFFICER PHONE CALL
FILL OUT THIS SHORT APPLICATION FORM NOW

WEEKLY NEWS UPDATE!

Crude pulls back 1.4% on rising US fuel stockpiles

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Curbing carbon emissions could boost the economy way more than doing nothing

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High house prices in US stifle banks’ mortgage units

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SOME MORE NICHES

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No Loan Contingency

Present strong offers with pre underwritten approvals with no loan contingency. Final conditions include property appraising per contract and clear title.

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SCHEDULE A LOAN OFFICER PHONE CALL
FILL OUT THIS SHORT APPLICATION FORM NOW

 

    

 

ABOUT US AND CONTACT US

About Shining Star Funding

Telephone: 925 820 2981

Toll Free:     866 280 0020

Email:          [email protected]

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