Weekly Newsletter – 11-23-18

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – November 21, 2018

Weekly Mortgage Applications – 11-21-2018

  • 30 Year Mortgage Rate decreased to 4.81% compare to 4.94% last week. The 30 year rock bottom rate touched in last 10 years is 3.31%

  • 15 Year Mortgage Rate decreased to 4.24% compared to 4.36% last last week. The 15 year rock bottom rate touched in last 10 years is 2.63%

  • 5/1 Adjustable Rate Mortgage Rate decreased to 4.09% 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 0.1%  for the week ended November 21, 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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"People first, then money, then things."

– Suze Orman

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CONVENTIONAL LOAN PROGRAM

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"People get blinded by money; having money with no sense of guidance is the same as being poor."

– Anonymous

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HOUSING AND ECONOMIC DATA

Home Price Index – California – 1st Quarter 2018

 

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  • Home Price index in US is at 414.22 with 6.9% increase from year ago in 1st Quarter of 2018

  • California HPI is at 639.25 with 8.3% increase from year ago in 1st Quarter of 2018

  • San Francisco MSA leads the home price index at 446.71 with 8.0% increase from year ago

  • Visalia MSA has the lowest home price index at 201.72 with 6.8% increase from year ago

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Home Price Index Southern California – 1st Quarter 2018

Home Price Index Northern California – 1st Quarter 2018

  • Home Price index in US is at 414.22 with 6.9% increase from year ago in 1st Quarter of 2018

  • California HPI is at 639.25 with 8.3% increase from year ago in 1st Quarter of 2018

  • In Southern California, Los Angeles MSA leads the home price index at 357.34, followed by San Diego MSA at 338.44, San Luis Obispo MSA at 329.89, Oxnard MSA at 306.36, Santa Barbara MSA at 302.04, Riverside MSA at 290.66 and Visalia MSA at 201.72

  • Los Angeles MSA leads the home price index annual rate at 8.5%. Santa Barbara MSA grew at the slowest rate of 5.5%

  • Home Price index in US is at 414.22 with 6.9% increase from year ago in 1st Quarter of 2018

  • California HPI is at 639.25 with 8.3% increase from year ago in 1st Quarter of 2018

  • In North California, San Francisco MSA leads at 434.23, followed by San Jose MSA at 414.49, Santa Cruz MSA at 334.52, Napa MSA at 324.84, Santa Rosa  MSA at 316.74, Salinas MSA at 272.3,  Vallejo MSA at 268.33, Sacramento MSA at 267.29, Modesto MSA at 239.3, Stockton MSA at 238.76, Fresno MSA at 225.07, Merced MSA at  219.31 and Bakersfield MSA at 205.7

  • Merced MSA had the highest increase from year ago at 10.9% and Bakersfield MSA had the lowest increase at 4.2%

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"Never depend on single income. Make investment to create a second source."

– Warren Buffet

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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!

Mortgage refinance applications hit 18-year low

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Mortgage Applications and Rates Down

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Existing-home sales stage their first increase in six months as housing market clouds linger

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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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