Weekly Newsletter – 06-21-19

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – June 20, 2019

Weekly Mortgage Applications – 06-19-2019

  • 30 Year Mortgage Rate increased to 3.84% compared to 3.82% last week. The 30 year rock bottom rate touched in last 10 years is 3.66%

  • 15 Year Mortgage Rate increased to 3.84% compared to 3.82% last week. The 15 year rock bottom rate touched in last 10 years is 2.95%

  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.48% compared to 3.51% 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 decreased by 3.4%  for the week ended June 19, 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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"Failure will never overtake me if my determination to succeed is strong enough"

 

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PROGRAMS


"If you are not willing to risk the unusual you will have to settle for the ordinary"

– Anonymous

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HOUSING AND ECONOMIC DATA

Bay Area County Homes Sales Report – April 2019

 

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  • Average Bay Area county selling price for counties analysed was $1,269,998 in April 2019. San Mateo County led with the highest average selling price at $2,267,216, followed by Santa Clara County at $2,134,389, Alameda  county at $925,574, Monterey County at $834,154, Contra Costa  County at $770,631,  Santa Cruz County at $738,257 and San Benito County at $724,415

  • Total Average Days on Market in Bay Area counties analysed was 65 days. 106 for Monterey County County, 66 for Santa Cruz County, 64 for San Benito County, 62 for Santa Clara County, 60 for Contra Costa County, 55 for San Mateo  County and 52 for Alameda County

  • Bay Area counties analyzed had Listings Sold of 4,564 in April 2019. Alameda County had the highest at 1,261, Santa Clara County at 1,232, followed by Contra Costa County at 1,096, San Mateo County at 492, Monterey County at 235, Santa Cruz  County County at 186 and San Benito County at 54

  • Sales Price to List price in April 2019 is at 101.24%. Alameda County is at 105.1%, San Mateo County at 101.93%, Contra Costa County at 101.69%, Santa Clara County at 100.82%, San Benito County at 99.98%, Santa Cruz County at 98.74% and Monterey  County at 97.36%

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US Homes Sales Report – April 2019

US Homes Prices Report – April 2019

  • Number of units of existing home sales for month of April 2019 is at 5,190,000 and is at a 0.4% decrease compared to last month

  • West census region is at 1,110,000 number of units and is at a 1.8% increase for April 2019 compared to last month. Midwest  region for April 2019 is at 1,170,000 number of units, a 0.0% change compared to last month

  • South region for April 2019 is at 2,270,000 number of units and is at a 0.4% decrease from month ago

  • Northeast region for April 2019 is at 53,000 number of units and is 15.2% lower than last month

  • Median Sales Price of Existing Homes in US increased to $267,300 with a 2.9% increase from month ago

  • Median Sales Price in West increased to $395,100 with a 1.5% increase in April 2019 compared to last month

  • Midwest median sales price increased to $210,500 with a 5.1% increase compared to last month and South is at $236,800 reflecting a 3.8% increase from month ago

  • Northeast median sales price has increased to $277,700 reflecting a 0.1% increase from month ago

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"If you want to succeed you should strike on new paths, rather than travel the worn paths of accepted success"

– John D. Rockefeller

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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!

Weekly mortgage applications fall as rates rise, volume remains much higher than last year

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Chair of House Financial Services Committee Requests Halt on Facebook’s Crypto Project

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Stocks Just Hit a Record, Thanks to the Fed

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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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