Weekly Mortgage Applications – 07-18-2018

July 18 2018 Weekly Mortgage Applications

  • Percent Change for Weekly Residential Mortgage Applications

 

  • Mortgage applications decreased by 2.5% for the week ended July 18, 2018
  • Mortgage apps move in the inverse direction of rates
  • Rates are still low, so get your fixed rate loans now. 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!

5 Quick Ways to Connect immediately

 

Apply Now

Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan

 

[FBW]

 

 




Weekly Mortgage Watch – July 19, 2018

July 19, 2018 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates

 

  • 30 Year Mortgage Rate decreased to 4.52% compared to 4.53% last week. The 30 year rock bottom rate touched in last 10 years is 3.53%
  • 15 Year Mortgage Rate decreased to 4.00% compared to 4.02% last last week. The 15 year rock bottom rate touched in last 10 years is 2.83%
  • 5/1 Adjustable Rate Mortgage Rate increased to 3.87% conpared to 3.86% last week. The 5 year rock bottom rate touched in last 10 years is 2.69%
  • Rates are still low. Purchase or Refinance before rates move up further

5 Quick Ways to Connect immediately

 

Apply Now

Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan

 

[FBW]

 




US Homes Prices Report – May 2018

May 2018 US Homes Prices Report

  • US Home prices and % change for West Census Region
  • US Home Prices and % change for Midwest Census Region
  • US Home Prices and % change for North Census Region
  • US Home Prices and % change for South Census Region

 

  • Median Sales Price of Existing Homes in US decreased to $264,800 with a 2.7% increase from month ago
  • Median Sales Price in West increased to $395,800 with a 1.5% increase in April 2018 compared to last month
  • Midwest median sales price decreased to $209,900 with a 5.2% increase compared to last month and South is at $233,100 reflecting a 2.7% increase from month ago
  • Northeast median sales price has increased to $275,900 reflecting a 0.3% increase from month ago

5 Quick Ways to Connect immediately

Apply Now

Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan

[FBW]

west

 




Weekly Newsletter – 07-13-18

Shining Star Funding Logo

Weekly News Update

 

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

Weekly Mortgage Watch – July 12, 2018

Weekly Mortgage Applications – 07-11-2018

  • 30 Year Mortgage Rate increased to 4.53% compared to 4.52% last week. The 30 year rock bottom rate touched in last 10 years is 3.56%

  • 15 Year Mortgage Rate increased to 4.02% compared to 3.99% last last week. The 15 year rock bottom rate touched in last 10 years is 2.86%

  • 5/1 Adjustable Rate Mortgage Rate increased to 3.86% conpared to 3.74% 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 increased by 2.5% for the week ended July 11, 2018

  • Mortgage apps move in the inverse direction of rates

  • Rates are still low, so get your fixed rate loans now. 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

“When you are reaching your full potential, fear will stop showing up.”

– 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


“We might all begin with fear. The difference is that the courageous take action in spite of fear.”

– Anonymous

img-300-29


HOUSING AND ECONOMIC DATA

Home Price Index Northern California – 4th Quarter 2017

img-400-300
  • Home Price index in US is at 385.79 with 6.3% increase from year ago in 4th Quarter of 2017

  • California HPI is at 626.9 with 8.2% increase from year ago in 4th Quarter of 2017

  • 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%

img-134-31

img-230-300
img-230-300

Economic Indicators – April 2018

Bay Area County Homes Sales Report – May 2018

  • Homeownership Rate for US is 63.9% in January 2017. US Leading Index is at 1.58% in April 2018 reflecting a 5.3% increase compared to last year and California Leading Index is at 1.86% in April 2018 reflecting a 11.0% decrease from year ago

  • Major Currencies decreased to 99.549 reflecting a 7.2% decrease from year ago. Gold Fixing Price increased to 1,334.740 reflecting 5.5% increase from year ago. Crude Oil prices increased to 71.66 Dollars in April 2018 reflecting a 36.7% increase from year ago. Federal Deficit was at  -3.43141% in April 2018 reflecting a 9.3% increase from year ago. Total Vehicles sales is 17.6 Million in April 2018 reflecting a 1.1% increase from year ago

  • Mortgage backed securities for all maturities is $1,752,499 Mn in April 2018 reflecting a 1.2% decrease from year ago

  • Average Bay Area county selling price for counties analysed was $1247622 in May 2018. San Mateo County led with the highest average selling price at $2163691, followed by Santa Clara County at $2158636, Alameda county at $1044753, Contra Costa  County at $799034, San Benito  County at $717129, Santa Cruz  County at $714380 and Monterey County at $656489

  • Total Average Days on Market in Bay Area counties analysed was 56 days. 74 for Monterey, 66 for San Benito County, 60 for Santa Cruz County, 56 for San Mateo County, 54 for Contra Costa, 53 for Alameda County and 44 for Santa Clara County

  • Bay Area counties analyzed had Listings Sold of 5387 in May 2018. Santa Clara County had the highest at 1521, followed by  Alameda County at 1389, Contra Costa  County at 1327, San Mateo County at 574, Monterey County at 246, Santa Cruz County at 222 and San Benito County at 67

  • Sales Price to List price in May 2018 is at 104.64%. Alameda County is at 108.87%, Santa Clara County at 107.89%, San Mateo County at 106.5%, Contra Costa County at 103.97%, Santa Cruz at 101.2%, San Benito County at 99.61% and Monterey County at 97.95%

img-134-31
img-134-31

“We’ve said it so many times. One day I’ll do this. One day I’ll start that. Let today be that day.”

– 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!

Global stocks slump as US steps up trade war

img-300-29

img-146-90

The Mercury News: “Immense growth” makes the Bay Area the world’s 19th-largest economy, if it were a nation.

img-300-29

img-146-90

Trade deficits are ‘inevitable,’ says former Fed official

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]




US Homes Sales Report – May 2018

May 2018 US Homes Sales Report

  • Number of Homes Sold and % change for West Census Region
  • Number of Homes Sold and % change for Midwest Census Region
  • Number of Homes Sold and % change for North Census Region
  • Number of Homes Sold and % change for South Census Region

 

  • Number of units of existing home sales for month of April 2018 is at 5,430,000 and is at a 0.4% decrease compared to last month
  • West census region is at 1,170,000 number of units and is at a 0.8% decrease for April 2018 compared to last month. Midwest region for April 2018 is at 1,260,000 number of units, a 2.3% decrease change compared to last month
  • South region for April 2018 is at 2,320,000 number of units and is at a 0.4% decrease from month ago
  • Northeast region for April 2018 is at 64,000 number of units and is 23.1% higher than last month

5 Quick Ways to Connect immediately

Apply Now

Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan




Fannie Mae Housing Survey – May 2018

May 2018
Fannie Mae Housing Survey

  • Survey for change in home prices in next 12 months
  • Survey for change in rental prices in next 12 months
  • Survey for mortgage rate changes in next 12 months
  • Survey for personal finances in next 12 months
  • Survey for household income in next 12 months
  • Survey for household expenses in next 12 months
  • Survey for economy on track
  • Survey for buy or rent today
  • Survey on ease of getting home mortgage today
  • Survey whether it is good time to buy or sell today

 

  • Average Home Price Change Expectation in next 12 months is 3.5% and the Average 12 Month Rental Price Change Expectation is 4.6%
  • Home Prices will go up in the next 12 months based on 55% responses. Home Rental Prices will go up in the next 12 months based on 61% responses. Mortgage rates will go up in next 12 months based on 54% responses
  • 59% of respondents say it is a good time to buy and 667% says it is a good time to sell. 56% says it is easy to get a mortgage today, 67% would rather buy than rent and 50% says that the economy is on the right track
  • There are 11% of respondents who are concerned about losing their job over next 12 months. 30% of respondents says that their income will be higher and 48% say their financial situation will get better over the next 12 months

 

5 Quick Ways to Connect immediately

Apply Now

Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan




Weekly Mortgage Applications – 07-11-2018

July 11 2018 Weekly Mortgage Applications

  • Percent Change for Weekly Residential Mortgage Applications

 

  • Mortgage applications increased by 2.5% for the week ended July 11, 2018
  • Mortgage apps move in the inverse direction of rates
  • Rates are still low, so get your fixed rate loans now. 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!

5 Quick Ways to Connect immediately

 

Apply Now

Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan




Weekly Mortgage Watch – July 12, 2018

July 12, 2018 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates

 

  • 30 Year Mortgage Rate increased to 4.53% compared to 4.52% last week. The 30 year rock bottom rate touched in last 10 years is 3.56%
  • 15 Year Mortgage Rate increased to 4.02% compared to 3.99% last last week. The 15 year rock bottom rate touched in last 10 years is 2.86%
  • 5/1 Adjustable Rate Mortgage Rate increased to 3.86% conpared to 3.74% 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

5 Quick Ways to Connect immediately

 

Apply Now

Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan




Weekly Newsletter – 07-06-18

Shining Star Funding Logo VIEW ONLINE
SHORT APP
VISIT OUR SITE

FEATURED LOAN PROGRAMS

img-300-230
img-300-230

203K Renovation Loans

True Grant

  • The FHA 203K Renovation loan allows a buyer to purchase (or refinance) and renovate a property with one loan and one closing.

  • With one loan, there is only one application, one set of fees, one closing and one monthly payment.

  • Improvements can include anything that adds value to the home, such as room addition, new carpeting, landscaping, plumbing, roofing or a new kitchen.

  • The loan can also be used for energy-efficiency improvements.

  • Zero interest never to be returned. Borrower needs to occupy home per program guides to seek waiver.

  • Available for Conventional and FHA loans; 640+ Credit Score Needed

  • Maximum Debt to Income; FHA 45%; Conventional up to 50%

  • Grant FHA up to 4% (640+ credit score up to 3%, 660+ score up to 4%) Conventional up to 5%

img-134-31
img-134-31

“The only boundaries to what we can achieve is the bandaries to what we believe.”

– Anonymous

img-300-29


WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS

img-230-130
img-230-130

Weekly Mortgage Watch – July 05, 2018

Weekly Mortgage Applications – 07-04-2018

  • 30 Year Mortgage Rate decreased to 4.52% compared to 4.55% last week. The 30 year rock bottom rate touched in last 10 years is 3.62%

  • 15 Year Mortgage Rate decreased to 3.99% compared to 4.04% last last week. The 15 year rock bottom rate touched in last 10 years is 2.89%

  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.74% conpared to 3.87% last week. The 5 year rock bottom rate touched in last 10 years is 2.79%

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

  • Mortgage applications decreased by 0.5% for the week ended July 04, 2018

  • Mortgage apps move in the inverse direction of rates

  • Rates are still low, so get your fixed rate loans now. 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

“Whether it was the best of times, or whether it was the worst of times, it’s how you look at it that will make all the difference.”

– Anonymous

img-300-29


HOUSING AND ECONOMIC DATA

Housing Starts – April 2018

img-400-300
  • New privately owned housing unit starts increased to 195,000 units with 7.7% percent change from year ago,  in Q1 of 2018

  • Housing Starts:2-4 Units is at 19,000 units in April 2018 with a 11.8% increase from year ago. Housing Starts Total: New Privately Owned housing units starts increased to 1,287,000 units with a 10.95% increase in April 2018 from year ago

  • Privately Owned Housing Starts 1 Unit Structures increased to 894,000 units with a 7.2% increase from year ago

  • Privately Owned Housing Starts 5 Unit Structures or More increased to 374,000 units with a 19.1% increase from year ago

img-134-31

img-230-300
img-230-300

US Homes Report – April 2018

Unemployment Rate and Initial Claims – April 2018

  • Northeast had the highest averages in Existing Home Sales at 8.3% increase and midwest had a 5.6% percent increase in Existing Home Prices in April 2018

  • Existing home sales Months Supply was at 4.0 months supply reflecting 14.3% increase from  month ago. Existing home sales Housing inventory increased to 1,800,000 units reflecting a 9.8% increase from month ago

  • SFR Delinquency Rate this 1st Quarter of 2018 is at 3.49% reflecting a 10.7% decrease from year ago, Mortgage Rate Reading for 26th of April is 4.58% for 30 yr, 4.02% for 15  yr, 3.74% for 5 yr and Mortgage Applications increased by 1.1% for the week ending April 25, 2018

  • New privately owned housing units increased to 1,287,000 in April 2018 reflecting a 10.5% increase from year ago. New one family houses sold in US increased to 297,300 units with 1.5% decrease from year ago and Mean Sales Price of Existing Homes increased to $297,300 with 2.6% increase from month ago

  • Initial Claim in US is at 221,500 with a 9.1% decrease in April 2018 and Initial Claim in California is at 41,678 with a 3.2% decrease in April 2018

  • Unemployment rate in US is at 3.9% with a 11.4% decrease in April 2018 and Unemployment in California is at 4.2% with a 16% decrease in April 2018

  • San Francisco MSA has the highest decrease of unemployment rate from year ago at 25% in April 2018

  • Los Angeles MSA has the least decrease of unemployment rate from year ago with 10.9% change in April 2018

img-134-31
img-134-31

“If you’ve given up on your dreams and you still think about them, there is only one solution: action, it’s never too late. You owe it to yourself.”

– Anonymous

img-300-29


FEATURED LOAN PROGRAM

img-400-300

Zero Down Loan

  • Down Payment Assistance (DPA) for up to 5%. DPA is a true grant bearing no interest with no repayment required. FICO 640+

  • Owner Occupied homes only. Owner Occupied homes only Not limited to first time homebuyers.

  • Subject to underwriter approval.

  • DPA is only for down payment and closing costs. No cash back allowed.

img-134-31

img-230-300
img-230-300

Remove Mortgage Insurance

Jumbo Loan

  • Single loan to 95% with no mortgage insurance (with lender paid mortgage insurance)

  • Break up your loan into 80% first and 10% second and save MI.

  • Refinances and Purchases OK. Refinance to 80% and get rid of MI

  • Automated underwriting only

  • With a jumbo mortgage, you’ll get low rates for your jumbo loan

  • Loan amounts as low as $300,000 and up to $2.5Mn

  • Back end ratios to 49.99%. Interest only options

  • Asset Depletion program.We can use estimated income based on assets in hand

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
SCHEDULE A LOAN OFFICER PHONE CALL
FILL OUT THIS SHORT APPLICATION FORM NOW

“In our darkest moments, struggles and chaos, we still wield the power of choice.”

– Anonymous

img-300-29


WEEKLY NEWS UPDATE!

U.S. economic growth revised down to a lackluster 2% in 1st quarter, but GDP surge predicted

img-300-29

img-146-90

U.S. Inflation Muted in May, Gauge From Central Bank Forum Shows

img-300-29

img-146-90

Stocks could get rocked in second half, until the Fed stops raising interest rates, says Morgan Stanley

img-300-29

img-146-90

FOREX-Dollar rises as trade tensions attract safe-haven bids

img-300-29

img-146-90

“Our greatest challenges in life should be the ones we voluntarily give ourselves to push our bandaries and to reach our full potential”

– Anonymous

img-300-29


OTHER NICHE LOAN PROGRAMS

Product Loan And Niches

Niche Loan Programs

img-230-130
img-230-130
  • Conventional Loan

  • FHA Loans

  • 100% VA Loans

  • Jumbo Loans

  • Zero Down Loan

  • 2 VA Loans

  • 1 Year Tax Verification

  • Remove Mortgage Insurance

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
    

USEFUL LINKS

Short App

Unsubscribe

 

ABOUT US AND CONTACT US

About Shining Star Funding

Telephone: 925 820 2981

Toll Free:     866 280 0020

Email:          [email protected]




Weekly Mortgage Applications – 07-04-2018

July 04 2018 Weekly Mortgage Applications

  • Percent Change for Weekly Residential Mortgage Applications

 

  • Mortgage applications decreased by 0.5% for the week ended July 04, 2018
  • Mortgage apps move in the inverse direction of rates
  • Rates are still low, so get your fixed rate loans now. 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!

5 Quick Ways to Connect immediately

 

Apply Now

Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan