Weekly Newsletter – 10-12-18

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – October 11, 2018

Weekly Mortgage Applications – 10-10-2018

  • 30 Year Mortgage Rate increased to 4.90% compared to 4.71% last week. The 30 year rock bottom rate touched in last 10 years is 3.39%

  • 15 Year Mortgage Rate increased to 4.29% compared to 4.15% last last week. The 15 year rock bottom rate touched in last 10 years is 2.70%

  • 5/1 Adjustable Rate Mortgage Rate increased to 4.07% compared to 4.01% last week. The 5 year rock bottom rate touched in last 10 years is 2.73%

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

  • Mortgage applications decreased by 1.7% change for the week ended October 10, 2018

  • Mortgage apps generally 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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"If you want to be rich, simply serve more people"

– Robert Kiyosaki

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CONVENTIONAL LOAN PROGRAM

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"You can't put a limit on anything]. The more you dream, the farther you get."

– Michael Phelps

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HOUSING AND ECONOMIC DATA

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

 

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  • Housing Starts actual is 1.32 MN in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 1.33 Mn going up to 1.35 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 6.15 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 2.1% 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

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Freddie Mac 1-4 Family Mortgage Origination – Conventional – FHA and VA – Actual and Forecasts – July 2018

Freddie Mac Percentages – ARM – Refinancing Applications and Origination – Refinancing Debt – Actual Vs Forecast – July 2018

  • Mortgage origination Conventional loans actual for 4th quarter of 2017 is $370 Bn. Forecast for 1st quarter of 2018 is $284 Bn and will increase to $292 Bn in last quarter of 2018. Forecast for 1st quarter of 2019 is $316 Bn and will decrease to $314 Bn in last quarter of 2019

  • Mortgage origination for FHA and VA decreased to $90 Bn in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is $111 Bn and last quarter of 2018 is $92 Bn. Forecast for 1st quarter of 2019 is $99 Bn and last quarter of 2018 is $95 Bn

  • Mortgage origination Total actual for 4th quarter of 2017 is $473 Bn. Forecast for 1st quarter of 2018 is $374 Bn and will increase to $384 Bn in last quarter of 2018. Forecast for 1st quarter of 2019 is $415 Bn and will taper to $409 Bn in last quarter of 2019

  • Share your comments on our Facebook page!

  • Refinancing Share Origination forecast for 1st quarter of 2017 is at 43% and will be 41% by the last quarter of 2017. Forecast for 2018 will be 40% in the 1st quarter and 23% in the last quarter. Forecast for 2019 will be 24% in the 1st quarter and 24% in the last quarter

  • Change in Residential Mortgage Debt is 2.0% in 1st quarter of 2018.Forecast for 2nd quarter of 2018 will be 4.6% and will increase to 4.9% in the last quarter. Forecast for 2019 will be 5.0% and will increase to 5.5% in the last quarter

  • Share your comments on our Facebook

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"When people are lame, they love to blame."

– Robert Kiyosaki

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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!

The last time unemployment was this low, we were hit with a recession

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BlackRock Sees U.S. Economy Humming Along Well Into 2019

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California Today: The State Faces Some Big Problems. Are We Ready?

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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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