Weekly Newsletter – 06-28-19

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – June 27, 2019

Weekly Mortgage Applications – 06-26-2019

  • 30 Year Mortgage Rate decreased to 3.70% compared to 3.84% last week. The 30 year rock bottom rate touched in last 10 years is 3.66%

  • 15 Year Mortgage Rate decreased to 3.16% compared to 3.25% last week. The 15 year rock bottom rate touched in last 10 years is 2.94%

  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.39% compared to 3.48% 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 1.3%  for the week ended June 26, 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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"I don't think about financial success as the measurement of my success"

– Christine Hefner

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PROGRAMS


"Whatever goal you give to your subconscious mind, it will work night and day to achieve."

– Jack Canfield

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HOUSING AND ECONOMIC DATA

Housing Starts – April 2019

 

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  • 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 22,000 units in April 2019 with a 4.8% increase from year ago. Housing Starts Total: New Privately Owned housing units starts increased to 1,281,000 units with a 1.1% increase in April 2019 from year ago

  • Privately Owned Housing Starts 1 Unit Structures decreased to 876,000 units with a 1.8% decrease from year ago

  • Privately Owned Housing Starts 5 Unit Structures or More increased to 383,000 units with a 8.2% increase from year ago

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US Homes Report – April 2019

Unemployment Rate and Initial Claims – April 2019

  • Northeast had the highest averages in Existing Home Sales at 15.2% increase and Midwest had a 5.1% increase in Existing Home Prices in April 2019

  • Existing home sales Months Supply was at 4.2 months supply reflecting 10.5% increase from  month ago. Existing home sales Housing inventory increased to 1,830,000 units reflecting a 9.6% increase from month ago

  • SFR Delinquency Rate this 1st Quarter of 2019 is at 2.67% reflecting a 22.8% decrease from year ago, Mortgage Rate Reading for 25th of April is 4.20% for 30 yr, 3.64% for 15  yr, 3.77% for 5 yr and Mortgage Applications increased by 7.3% for the week ending April 24, 2019

  • New privately owned housing units decreased to 1,281,000 in April 2019 reflecting a 1.1% decrease from year ago. New one family houses sold in US increased to 673,000 units with 7.0% increase from year ago and Mean Sales Price of Existing Homes increased to $305,500 with 2.5% increase from month ago

  • Initial Claim in US is at 212,500 with a 3.1% decrease in April 2019 and Initial Claim in California is at 39,967 with a 4.1% decrease in April 2019

  • Unemployment rate in US is at 3.6% with a 7.7% decrease in April 2019 and Unemployment in California is at 4.3% with a 0.0% decrease in April 2019

  • San Francisco MSA has the highest decrease of unemployment rate from year ago at 7.7% in April 2019

  • Santa Rosa MSA has 3.6% increase of unemployment rate from year ago in April 2019

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"Challenges are what make life interesting overcoming them is what makes them meaningful"

– 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!

New home sales sank 7.8% in May, despite a big drop in mortgage rates

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Trade war tensions: Consumers aren't optimistic about the U.S. economy

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U.S Mortgage Rates – Rates Rise for the 1st Time in 7-Weeks

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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