Weekly Newsletter – 01-18-19

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – January 17, 2019

Weekly Mortgage Applications – 01-16-2019

  • 30 Year Mortgage Rate stood at 4.45% same as last week. The 30 year rock bottom rate touched in last 10 years is 3.38%

  • 15 Year Mortgage Rate decreased to 3.88% compared to 3.89% last week. The 15 year rock bottom rate touched in last 10 years is 2.66%

  • 5/1 Adjustable Rate Mortgage Rate increased to 3.87% compared to 3.83% last week. The 15 year rock bottom rate touched in last 10 years is 2.67%

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

  • Mortgage applications increased by 13.5%  for the week ended January 16, 2019

  • 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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"Business and life are like bank account, you can't take out more than you put in."

– William Panther

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CONVENTIONAL LOAN PROGRAM

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"I believe that the true definition of wealth is loving what you have rather than what you don't have"

– Celso Cukierkorn

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HOUSING AND ECONOMIC DATA

Payroll and Unemployment – October 2018

 

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  • Industrial Production Index has increased to 108.734 in October 2018 reflecting a 3.8% increase from year ago. All Employees Total Non-farm  has increased to 149,775 (in thousands) in October 2018 reflecting a 1.7% increase from year ago

  • Average Initial Claims in United States decreased to 214,000 in October 2018 reflecting a 8.8% decrease from year ago. The Average Initial Claims in California decreased to 39,127 in October 2018 reflecting a 6.9% decrease from year ago

  • Napa in California had the highest drop in Unemployment Rate in October 2018 with 14.7% decrease from year ago. 10 Year Break even Inflation rate increased to 2.11% with 13.4% increase from year ago. The average hourly earning of all employees has increased to 27.31 dollars per hour with 2.8% increase in October 2018

  • Personal consumption expenditures has increased to $14,189.1 Bn in October 2018 with a 5.1% increase from year ago and Personal savings rate is at at 6.1% in October 2018 reflecting a 6.2% decrease from year ago

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Freddie Mac Mortgage Rate Trend Actuals Vs Forecasts – October 2018

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

  • 30 year Fixed Mortgage Actual Rate is 4.6% in 3rd quarter of 2018. Forecast for 4th quarter of 2018 is 4.7%. 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 3rd quarter of 2018. Forecast for 4th quarter of 2018 is 3.0%. 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 3.9% in 3rd quarter of 2018. Forecast for 4th quarter of 2018 is 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

  • Actual unemployment rate for 3rd quarter of 2018 is at 3.8%. Forecast unemployment rate for 4th quarter of 2018 is 3.8%. 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 4.2% in 2nd quarter of 2018. Forecast for 3rd quarter of 2018 is 3.0% 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

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"Don't go broke trying to look rich, act your wage."

– 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!

As the housing market slows, builders are offering buyer discounts

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2019 vs. 2018 tax calculator: See how your tax bill will change

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Homebuilder sentiment turns higher in January after mortgage rates drop

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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:          info@shiningstarfunding.com

 
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