Weekly Newsletter – 04-26-19

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – April 18, 2019

Weekly Mortgage Applications – 04-17-2019

  • 30 Year Mortgage Rate increased to 4.17% compared to 4.12% last week. The 30 year rock bottom rate touched in last 10 years is 3.41%

  • 15 Year Mortgage Rate increased to 3.62% compared to 3.60% last week. The 15 year rock bottom rate touched in last 10 years is 2.64%

  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.78% compared to 3.80% last week. The 15 year rock bottom rate touched in last 10 years is 2.60%

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

  • Mortgage applications decreased by 3.5%  for the week ended April 17, 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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"Only I can change my life, no one can do it for me"

– Carol Burnett

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PROGRAMS


"Be strong enough to stand alone, strong enough to know when you need help and brave enough to ask for it"

– Anonymous

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HOUSING AND ECONOMIC DATA

US Homes Sales Report – February 2019

 

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  • Number of units of existing home sales for month of February 2019 is at 5,510,000 and is at a 11.8% increase compared to last month

  • West census region is at 1,160,000 number of units and is at a 16.0 increase for February 2019 compared to last month. Midwest  region for February 2019 is at 1,270,000 number of units, a 9.5% increase compared to last month

  • South region for February 2019 is at 2,390,000 number of units and is at a 14.9% increase from month ago

  • Northeast region for February 2019 is at 36,000 number of units and is 7.7% lower than last month

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US Homes Prices Report – February 2019

Housing Starts – February 2019

  • Median Sales Price of Existing Homes in US increased to $249,500 with a 0.1% increase from month ago

  • Median Sales Price in West increased to $379,300 with a 1.3% increase in February 2019 compared to last month

  • Midwest median sales price decreased to $1,88,800 with a 2.5% decrease compared to last month and South is at $213,300 reflecting a 1.5% increase from month ago

  • Northeast median sales price has decreased to $272,900 reflecting a 2.5% decrease 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 5,000 units in January 2019 with a 72.2% decrease from year ago. Housing Starts Total: New Privately Owned housing units starts decreased to 1,162,000 units with a 9.9% decrease in January 2019 from year ago

  • Privately Owned Housing Starts 1 Unit Structures decreased to 805,000 units with a 10.6% decrease from year ago

  • Privately Owned Housing Starts 5 Unit Structures or More decreased to 352,000 units with a 5.4% decrease from year ago

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"Believing in yourself is the first secret of success"

– Anonymous

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PROGRAMS

Quick Turnaround and Closing

With inhouse underwriting and funding. Call me and let's make it happen!

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Programs


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!

Economy stumbled out of the gate in early 2019 but finished stronger, GDP to show

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Forex – U.S. Dollar Flat in Thin Trade

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Is It Better To Buy A Home With Cash Or A Mortgage?

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PROGRAMS


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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