Weekly Newsletter – 09-21-18

 
Shining Star Funding Logo

Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
img-230-130
img-230-130

Weekly Mortgage Watch – September 20, 2018

Weekly Mortgage Applications – 09-19-2018

  • 30 Year Mortgage Rate increased to 4.65% compared to 4.60% last week. The 30 year rock bottom rate touched in last 10 years is 3.49%

  • 15 Year Mortgage Rate increased to 4.11% compared to 4.06% last last week. The 15 year rock bottom rate touched in last 10 years is 2.77%

  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.92% compared to 3.93% last week. The 5 year rock bottom rate touched in last 10 years is 2.76%

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

  • Mortgage applications increased by 1.6% for the week ended September 19, 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!

  • Share your comments on our Facebook page!

img-134-31
img-134-31

Enjoy yourself! These are the good old days you're going to miss in the years ahead."

– Anonymous

img-300-29


CONVENTIONAL LOAN PROGRAM

img-400-300
img-400-300

img-134-31

img-134-31

img-400-300
img-400-300

img-134-31

img-134-31

img-400-300
img-400-300

img-134-31

img-134-31

img-400-300
img-400-300

img-134-31

img-134-31

img-400-300
img-400-300

img-134-31

img-134-31


"The journey in between what you once were and who you are now becoming is were and who you are now becoming is where the dance of life really takes place."

– Barbara De Angelis

img-300-29


HOUSING AND ECONOMIC DATA

US Homes Sales Report – July 2018

 

img-400-300
  • Number of units of existing home sales for month of July 2018 is at 5,340,000 and is at a 0.7% decrease compared to last month

  • West census region is at 1,190,000 number of units and is at a 4.4% increase for July 2018 compared to last month. Midwest  region for July 2018 is at 1,250,000 number of units, a 1.6% decrease compared to last month

  • South region for July 2018 is at 2,240,000 number of units and is at a 0.4% decrease from month ago

  • Northeast region for July 2018 is at 70,000 number of units and is 6.7% lower than last month

img-134-31

img-230-300
img-230-300

US Homes Prices Report – July 2018

Housing Starts – July 2018

  • Median Sales Price of Existing Homes in US decreased to $269,600 with a 1.5% decrease from month ago

  • Median Sales Price in West decreased to $392,700 with a 2.1% decrease in June 2018 compared to last month

  • Midwest median sales price decreased to $210,500 with a 2.5% decrease compared to last month and South is at $233,400 reflecting a 1.6% decrease from month ago

  • Northeast median sales price has increased to $309,700 reflecting a 1.0% increase from month ago

  • New privately owned housing unit starts increased to 258,000 units with 8.4% percent change from year ago,  in Q2 of 2018

  • Housing Starts:2-4 Units is at 3,000 units in July 2018 with a 72.7% decrease from year ago. Housing Starts Total: New Privately Owned housing units starts decreased to 1,168,000 units with a 1.4% decrease in July 2018 from year ago

  • Privately Owned Housing Starts 1 Unit Structures decreased to 862,000 units with a 2.7% increase from year ago

  • Privately Owned Housing Starts 5 Unit Structures or More decreased to 303,000 units with a 9.6% decrease from year ago

img-134-31
img-134-31

"The pain you feed today will be the strength that will carry you through tomorrow. For every challenge encountered, there is an opportunity for growth."

– Anonymous

img-300-29


FHA LOAN PROGRAM

img-400-300
img-400-300

img-134-31

img-134-31

img-400-300
img-400-300

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

VA LOAN PROGRAM

img-400-300
img-400-300

img-134-31

img-134-31


JUMBO LOAN PROGRAM

img-400-300
img-400-300

img-134-31

img-134-31

img-400-300
img-400-300

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

WEEKLY NEWS UPDATE!

MBA: Weekly mortgage applications actually on the rise

img-300-29

img-146-90

US housing recovery: Ten years after the bubble burst

img-300-29

img-146-90

Here are the 25 best cities for flipping a house.

img-300-29

img-146-90

SOME MORE NICHES

img-400-300
img-400-300

img-134-31

img-134-31

img-400-300
img-400-300

img-134-31

img-134-31

img-400-300
img-400-300

img-134-31

img-134-31



No Loan Contingency

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

img-500-286
img-134-31
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]

image_pdfimage_print

Leave a Reply

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