Weekly Newsletter – 12-21-18

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – December 20, 2018

Weekly Mortgage Applications – 12-19-2018

  • 30 Year Mortgage Rate decreased to 4.62% compared to 4.63% last week. The 30 year rock bottom rate touched in last 10 years is 3.37%

  • 15 Year Mortgage Rate is at 4.07% since last week. The 15 year rock bottom rate touched in last 10 years is 2.65%

  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.98% compared to 4.04% last week. The 5 year rock bottom rate touched in last 10 years is 2.71%

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

  • Mortgage applications decreased by 5.8%  for the week ended December 19, 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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"You have to make the rules, not follow them"

– Anonymous

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CONVENTIONAL LOAN PROGRAM

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"You can make a million excuses or you can make a million dollars"

– Anonymous

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HOUSING AND ECONOMIC DATA

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

 

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  • 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 4.2% and will decrease to 3.0% 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

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

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

  • Housing Starts actual is 1.26 MN in 2nd quarter of 2018. Forecast for 2nd quarter of 2018 is 1.28 Mn going up to 1.30 Mn in last quarter of 2018. Forecast for 1st quarter of 2019 is 1.34 Mn going up to 1.36 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 6.00 Mn in 3rd quarter and up to 6.05 Mn in the last quarter of 2018. Total Home sales for 2019 is at 6.10 Mn in 1st quarter and up to 6.25 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 1.1% in the 3rd quarter and 1.3% in the last quarter. House price appreciation forecast for 2019 is at 1.3% in the 1st quarter and 0.8% in the last quarter of 2019

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  • Mortgage origination Conventional loans actual for 4th quarter of 2017 is $373 Bn. Forecast for 1st quarter of 2018 is $284 Bn and $285 Bn in last quarter of 2018. Forecast for 1st quarter of 2019 is $255 Bn and will decrease to $307 Bn in last quarter of 2019

  • Mortgage origination for FHA and VA increased to $109 Bn in 2nd quarter of 2018. Forecast for 3rd quarter of 2018 is $107 Bn and last quarter of 2018 is $89 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 $476 Bn. Forecast for 1st quarter of 2018 is $374 Bn and will increase to $375 Bn in last quarter of 2018. Forecast for 1st quarter of 2019 is $335 Bn and will taper to $400 Bn in last quarter of 2019

  • Share your comments on our Facebook page!

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"Don't watch the clock, do what it does. Keep going."

– Sam Levenson

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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!

Google’s $1 Billion Bay Area Buy Is the Second Biggest U.S. Real Estate Deal of 2018. Who’s Number 1? Also Google

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How City Ventures finds opportunities for Bay Area housing

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November's rise in housing inventory marks 10-year high

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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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