Weekly Newsletter – 02-22-19

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – February 14, 2019

Weekly Mortgage Applications – 02-13-2019

  • 30 Year Mortgage Rate decreased to 4.37% compared to 4.41% last week. The 30 year rock bottom rate touched in last 10 years is 3.53%

  • 15 Year Mortgage Rate decreased to 3.81% compared to 3.84% last week. The 15 year rock bottom rate touched in last 10 years is 2.77%

  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.88% compared to 3.91% last week. The 15 year rock bottom rate touched in last 10 years is 2.64%

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

  • Mortgage applications decreased by 3.7%  for the week ended February 13, 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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"Compound interest is the eight wonder of the world. He who understands it, earns it. He who doesn't pays it."

 

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CONVENTIONAL LOAN PROGRAM

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"It's not your salary that makes you rich, it's your spending habits"

 

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HOUSING AND ECONOMIC DATA

Economic Indicators – November 2018

 

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  • Homeownership Rate for US is 63.9% in January 2017. US Leading Index is at 0.98% in November 2018 reflecting a 31.5% decrease compared to last year and California Leading Index is at 1.19% in November 2018 reflecting a 35.3% decrease from year ago

  • Major Currencies increased to 105.3114 reflecting a 3.4% increase from year ago. Gold Fixing Price decreased to 1,220.945 reflecting 4.8% decrease from year ago. Crude Oil prices increased to 66.10 Dollars in November 2018 reflecting a 6.0% increase from year ago. Federal Deficit was at  -3.41705% in November 2018 reflecting a 9.3% increase from year ago. Total Vehicles sales is 17.940 Million in November 2018 reflecting a 0.1% decrease from year ago

  • Mortgage backed securities for all maturities is $1,742,845 Mn in May 2018 reflecting a 1.7% decrease from year ago

  • Real Gross Domestic Product increased 18,664.973 Bn reflecting 3.0% change from year ago. Federal Debt Total Public Debt as Percentage of GDP increased 104.15261 reflecting 0.8% change from year ago

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Freddie Mac Mortgage Rate Trend Actuals Vs Forecasts – November 2018

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

  • 30 year Fixed Mortgage Actual Rate is 4.6% in 3rd quarter of 2018. Forecast for 4th quarter of 2018 is 4.8%. 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 3.2%. 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 3.7%. Forecast unemployment rate for 1st quarter of 2019 is 3.7% and will decrease to 3.5% last quarter of 2019

  • Actual CPI for 3rd quarter of 2018 is at 2.0%. Forecast for last quarter of 2018 is 2.2%. 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 3.5% in 3rd quarter of 2018. Forecast for 4th quarter of 2018 is 2.6%. 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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The longer you're not taking action the more money you're losing""

– Carrie Wilkerson

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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!

U.S Mortgages – Rates Hold Steady, While Applications Rise Further

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Amazon will pay $0 in federal taxes this year — and it's partially thanks to Trump

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MBA: Rising mortgage applications show signs of promising spring homebuying season

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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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