Weekly Newsletter – 02-08-19

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – February 07, 2019

Weekly Mortgage Applications – 02-06-2019

  • 30 Year Mortgage Rate decreased to 4.41% compared to 4.45% last week. The 30 year rock bottom rate touched in last 10 years is 3.53%

  • 15 Year Mortgage Rate decreased to 3.84% compared to 3.89% last week. The 15 year rock bottom rate touched in last 10 years is 2.77%

  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.91% compared to 3.96% last week. The 15 year rock bottom rate touched in last 10 years is 2.63%

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

  • Mortgage applications decreased by 2.5%  for the week ended February 06, 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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"The good you find in others is a reflection of the good that is yourself"

– Anonymous

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CONVENTIONAL LOAN PROGRAM

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"Don't wait, the time will never be just right"

– Napoleon Hill

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HOUSING AND ECONOMIC DATA

US Homes Sales Report – November 2018

 

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  • Number of units of existing home sales for month of November 2018 is at 5,330,000 and is at a 2.1% increase compared to last month

  • West census region is at 1,040,000 number of units and is at a 6.3% decrease for November 2018 compared to last month. Midwest  region for November 2018 is at 1,340,000 number of units, a 55% increase compared to last month

  • South region for November 2018 is at 2,210,000 number of units and is at a 2.8% increase from month ago

  • Northeast region for November 2018 is at 58,000 number of units and is 4.9% lower than last month

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US Homes Prices Report – November 2018

Housing Starts – November 2018

  • Median Sales Price of Existing Homes in US increased to $257,300 with a 0.9% increase from month ago

  • Median Sales Price in West increased to $382,900 with a 0.4% increase in November 2018 compared to last month

  • Midwest median sales price increased to $198,100 with a 0.7% increase compared to last month and South is at $223,500 reflecting a 0.9% decrease from month ago

  • Northeast median sales price has increased to $290,200 reflecting a 3.3% increase from month ago

  • New privately owned housing unit starts increased to 238,000 units with 3.5% percent change from year ago,  in Q3 of 2018

  • Housing Starts:2-4 Units is at 15,000 units in November 2018 with a 87.5% increase from year ago. Housing Starts Total: New Privately Owned housing units starts decreased to 1,256,000 units with a 3.6% decrease in November 2018 from year ago

  • Privately Owned Housing Starts 1 Unit Structures decreased to 824,000 units with a 13.1% decrease from year ago

  • Privately Owned Housing Starts 5 Unit Structures or More decreased to 417,000 units with a 20.2% increase from year ago

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"Listen to all but only trust a few"

– 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!

 

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

WEEKLY NEWS UPDATE!

Mortgage applications decline in light of government shutdown

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As China’s economy gets the chills, some California firms catch a cold

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Home values are rising at the slowest rate in more than six years

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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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