Weekly Newsletter – 06-14-19

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – June 13, 2019

Weekly Mortgage Applications – 06-12-2019

  • 30 Year Mortgage Rate is at 3.82% since last week. The 30 year rock bottom rate touched in last 10 years is 3.71%

  • 15 Year Mortgage Rate decreased to 3.26% compared to 3.28% last week. The 15 year rock bottom rate touched in last 10 years is 2.98%

  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.51% compared to 3.52% last week. The 15 year rock bottom rate touched in last 10 years is 2.79%

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

  • Mortgage applications increased by 26.8%  for the week ended June 12, 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!

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"Sometimes you have to experience what you don't want in life to come to a full understanding of what you do want."

 

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PROGRAMS


"Live life doing what you love, not what impresses others"

– Anonymous

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HOUSING AND ECONOMIC DATA

Freddie Mac Housing Starts – Home Sales – House Price Appreciation – Home Price Index – Actual and Forecasts – March 2019

 

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  • Housing Starts actual is 1.15 MN in 4th quarter of 2018. Forecast for 1st quarter of 2019 is 1.25 Mn going up to 1.29 Mn in last quarter of 2019. Forecast for 1st quarter of 2020 is 1.31 Mn going up to 1.35 Mn in last quarter of 2020

  • Total Home Sales Actual decreased to 5.75 Mn in 4th quarter 2018. Total Home sales for 2019 is at 5.71 Mn in 1st quarter and up to 6.12 Mn in the last quarter of 2019. Total Home sales for 2020 is at 6.15 Mn in 1st quarter and up to 6.12 Mn in the last quarter of 2019

  • FMHPI house price appreciation actual is at 0.7% in 4th quarter of 2018. House price appreciation forecast for 2019 is at 0.8% in the 1st quarter and 0.9% in the last quarter of 2019. House price appreciation forecast for 2020 is at 0.8% in the 1st quarter and 0.6% in the last quarter of 2020

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Freddie Mac 1-4 Family Mortgage Origination – Conventional – FHA and VA – Actual and Forecasts – March 2019

Freddie Mac Percentages – ARM – Refinancing Applications and Origination – Refinancing Debt – Actual Vs Forecast – March 2019

  • Mortgage origination Conventional loans forecast for 1st quarter of 2018 is $289 Bn and $302 Bn in last quarter of 2018. Forecast for 1st quarter of 2019 is $281 Bn and is at $310 Bn in last quarter of 2019. Forecast for 1st quarter of 2019 is $261 Bn and is at $314 Bn in last quarter of 2019

  • Mortgage origination for FHA and VA increased to $80 Bn in 4th quarter of 2018. Forecast for 1st quarter of 2019 is $78 Bn and last quarter of 2018 is $89 Bn. Forecast for 1st quarter of 2019 is $75 Bn and last quarter of 2018 is $88 Bn

  • Mortgage origination Total forecast for 1st quarter of 2018 is $377 Bn and will increase to $382 Bn in last quarter of 2018. Forecast for 1st quarter of 2019 is $359 Bn and will taper to $399 Bn in last quarter of 2019. Forecast for 1st quarter of 2019 is $336 Bn and will taper to $402 Bn in last quarter of 2019

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  • Refinancing Share Origination forecast for 2018 will be 40% in the 1st quarter and 26% in the last quarter. Forecast for 2019 will be 38% in the 1st quarter and 27% in the last quarter. Forecast for 2020 will be 28% in the 1st quarter and 24% in the last quarter

  • Change in Residential Mortgage Debt is 3.0% in 4th quarter of 2018. Forecast for 2019 will be 3.6% and will increase to 4.2% in the last quarter. Forecast for 2020 will be 3.7% and will increase to 4.1% in the last quarter

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"A lot of what is most beautiful about the world arises from struggle"

– 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!

Purchase Mortgages Spark Homebuilder Stocks, More Good News To Come

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Mortgage applications soar as refinances surge on a big rate drop

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World’s Fastest-Growing Economy May Not Be So Fast After All

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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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