Weekly Newsletter – 11-02-18

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – November 01, 2018

Weekly Mortgage Applications – 10-31-2018

  • 30 Year Mortgage Rate decreased to 4.83% compared to 4.86% last week. The 30 year rock bottom rate touched in last 10 years is 3.39%

  • 15 Year Mortgage Rate decreased to 4.23% compared to 4.29% 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 4.04% compared to 4.14% last week. The 5 year rock bottom rate touched in last 10 years is 2.74%

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

  • Mortgage applications decreased by 2.5%  for the week ended October 31, 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!

  • Share your comments on our Facebook page!

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"Beware of little expenses, a small leak will sink a great ship"

– Benjamin Franklin

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CONVENTIONAL LOAN PROGRAM

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"Living on less than you make is a matter of controlling yourself, not a matter of math."

– Anonymous

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HOUSING AND ECONOMIC DATA

Freddie Mac Mortgage Rate Trend Actuals Vs Forecasts – August 2018

 

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  • 30 year Fixed Mortgage Actual Rate is 4.5% in 2nd quarter of 2018. Forecast for 3rd quarter of 2018 is 4.6% and will increase to 4.8% in 4th quarter of 2018. Forecast for 1st quarter of 2019 is 4.9% and will increase to 5.3% in 4th quarter of 2019

  • 10 year Const. Mat. Treas Actual Rate increased to 2.9% in 2nd quarter of 2018. Forecast for 3rd quarter of 2018 is 2.9% and will increase to 3.0% in last quarter of 2018. Forecast for 1st quarter of 2019 is 3.3% and will increase to 3.6% in last quarter of 2019

  • 5/1 year Hybrid Treasury Indexed ARM Actual Rate is 3.8% in 2nd quarter of 2018. Forecast for 3rd quarter of 2018 is 3.9% and will increase to 4.1% in last quarter of 2018. Forecast for 1st quarter of 2019 is 4.3% and will increase to 4.7% in last quarter of 2019

  • Share your comments on our Facebook page

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

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

  • Actual unemployment rate for 2nd quarter of 2018 is at 3.9%. Forecast unemployment rate for 3rd quarter of 2018 is 3.8% until last quarter of 2018. Forecast unemployment rate for 1st quarter of 2019 is 3.8% and continues until the last quarter of 2019

  • Actual CPI for 2nd quarter of 2018 is at 1.7%. Forecast for 3rd quarter of 2018 is 2.3% 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 2.0% in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 4.1% and will decrease to 2.6% in the last quarter of 2018. Forecast for 1st quarter of 2019 is 2.6% and will decrease to 2.3% in the last quarter of 2019

  • Share your comments on our Facebook page

  • Housing Starts actual is 1.26 MN in 2nd quarter of 2018. Forecast for 2nd quarter of 2018 is 1.34 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 6.06 Mn in 2nd quarter 2018. Total Home sales for 2018 is at 6.16 Mn in 3rd quarter and up to 6.17 Mn in the last quarter of 2018. Total Home sales for 2019 is at 6.30 Mn in 1st quarter and up to 6.40 Mn in the last quarter of 2019

  • FMHPI house price appreciation actual is at 0.9% in 2nd quarter of 2018. House price appreciation forecast for 2018 is at 1.4% in the 3rd 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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"Are you sabotaging your financial success by living like you are rich before you are?"

– Anonymous

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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!

U.S. Million-Dollar Home Sales Surge in September

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For the U.S. economy, this could be as good as it gets

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Freddie Mac: Mortgage rates slightly retreat

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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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