Weekly Newsletter – 05-24-19

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – May 23, 2019

Weekly Mortgage Applications – 05-22-2019

  • 30 Year Mortgage Rate decreased to 4.06% compared to 4.07% last week. The 30 year rock bottom rate touched in last 10 years is 3.59%

  • 15 Year Mortgage Rate decreased to 3.51% compared to 3.53% last week. The 15 year rock bottom rate touched in last 10 years is 2.77%

  • 5/1 Adjustable Rate Mortgage Rate increased to 3.68% compared to 3.66% 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 increased by 2.4%  for the week ended May 22, 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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"Behind every successful person, there's a lot of unsuccessful years."

 

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PROGRAMS


"Success is not in what you have, but who you are."

– Bo Bennet

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HOUSING AND ECONOMIC DATA

US Homes Sales Report – March 2019

 

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  • Number of units of existing home sales for month of March 2019 is at 5,210,000 and is at a 4.9% decrease compared to last month

  • West census region is at 1,090,000 number of units and is at a 6.0% decrease for March 2019 compared to last month. Midwest  region for March 2019 is at 1,170,000 number of units, a 7.9% decrease compared to last month

  • South region for March 2019 is at 2,280,000 number of units and is at a 3.4% decrease from month ago

  • Northeast region for March 2019 is at 46,000 number of units and is 27.8% lower than last month

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US Homes Prices Report – March 2019

Housing Starts – March 2019

  • Median Sales Price of Existing Homes in US increased to $259,400 with a 3.7% increase from month ago

  • Median Sales Price in West increased to $389,300 with a 2.6% increase in February 2019 compared to last month

  • Midwest median sales price increased to $200,500 with a 6.2% increase compared to last month and South is at $227,400 reflecting a 3.4% increase from month ago

  • Northeast median sales price has increased to $277,500 reflecting a 1.6% increase from month ago

  • New privately owned housing unit starts decreased to 186,000 units with 4.6% percent change from year ago,  in Q1 of 2019

  • Housing Starts:2-4 Units is at 13,000 units in January 2019 with a 7.1% decrease from year ago. Housing Starts Total: New Privately Owned housing units starts decreased to 1,168,000 units with a 12.3% decrease in January 2019 from year ago

  • Privately Owned Housing Starts 1 Unit Structures decreased to 804,000 units with a 9.6% decrease from year ago

  • Privately Owned Housing Starts 5 Unit Structures or More decreased to 351,000 units with a 18.2% decrease from year ago

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"My only competitor is the person I was yesterday"

 

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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!

Mortgage applications slightly lower despite three weeks of falling rates

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Why US economic growth isn't as strong as it looks

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California gains 46000 jobs as unemployment stays near record low

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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