Weekly Newsletter – 07-05-19

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – July 03, 2019

Weekly Mortgage Applications – 07-03-2019

  • 30 Year Mortgage Rate increased to 3.75% compared to 3.70% last week. The 30 year rock bottom rate touched in last 10 years is 3.62%

  • 15 Year Mortgage Rate increased to 3.18% compared to 3.16% last week. The 15 year rock bottom rate touched in last 10 years is 2.89%

  • 5/1 Adjustable Rate Mortgage Rate increased to 3.45% compared to 3.39% 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 0.1%  for the week ended July 03, 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


"Financial freedom is available to those who learn about it and work for it"

– Anonymous

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HOUSING AND ECONOMIC DATA

Payroll and Unemployment – April 2019

 

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  • Industrial Production Index has increased to 109.1657 in April 2019 reflecting a 0.9% increase from year ago. All Employees Total Non-farm  has increased to 151,020 in April 2019 reflecting a 1.7% increase from year ago

  • Average Initial Claims in United States decreased to 212,500 in April 2019 reflecting a 3.1% decrease from year ago. The Average Initial Claims in California decreased to 39,967 in April 2019 reflecting a 4.1% decrease from year ago

  • San Francisco in California had the highest drop in Unemployment Rate in April 2019 with 7.7% decrease from year ago. 10 Year Break even Inflation rate decreased to 1.94% with 9.0% decrease from year ago. The average hourly earning of all employees has increased to 27.77 dollars per hour with 3.2% increase in April 2019

  • Personal consumption expenditures has increased to $14,393.4 Bn in April 2019 with a 4.3% increase from year ago and Personal savings rate decreased to 6.2% in April 2019 reflecting a 8.8% decrease from year ago

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Economic Indicators – April 2019

Freddie Mac Mortgage Rate Trend Actuals Vs Forecasts – April 2019

  • Homeownership Rate for US is 63.4% in January 2017. US Leading Index is at 1.43% in March 2019 reflecting a 10.6% decrease compared to last year and California Leading Index is at 1.29% in March 2019 reflecting a 0.8% decrease from year ago

  • Major Currencies increased to 106.6573 reflecting a 7.2% increase from year ago. Gold Fixing Price decreased to 1,286.445 reflecting 3.6% decrease from year ago. Crude Oil prices decreased to 71.17 Dollars in March 2019 reflecting a 0.7% decrease from year ago. Federal Deficit was at -3.80177% in March 2019 reflecting a 11.3% increase from year ago. Total Vehicles sales is 16.887 Million in March 2019 reflecting a 4.3% decrease from year ago

  • Mortgage backed securities for all maturities is $1,742,845 Mn in May 2018 reflecting a 1.7% decrease from year ago

  • Real Gross Domestic Product increased 18,910.332 Bn reflecting 3.2% change from year ago. Federal Debt Total Public Debt as Percentage of GDP increased 104.59551 reflecting 0.6% change from year ago

  • 30 year Fixed Mortgage Actual Rate is 4.4% in 1st quarter of 2019. Forecast for 2nd quarter of 2019 is 4.2% and will increase to 4.3 in 4th quarter of 2019. Forecast for 1st quarter of 2020 is 4.4% and will increase to 4.6% in 4th quarter of 2020

  • 10 year Const. Mat. Treas Actual Rate increased to 2.7% in 1st quarter of 2018. Forecast for 2nd to last quarter of 2019 is 2.5%. Forecast for 1st quarter of 2020 is 2.7% and will increase to 2.9% in last quarter of 2019

  • 5/1 year Hybrid Treasury Indexed ARM Actual Rate is 3.9% in 4th quarter of 2018. Forecast for 2nd quarter of 2019 is 3.7% and will increase to 3.8% in last quarter of 2019. Forecast for 1st quarter to last quarter of 2020 is 3.8%.

  • Share your comments on our Facebook page

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"Having a plan with money doesn't just help you right now, it also gives you vision and hope for the end goal."

– 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!

Slate: The Single Most Reliable Recession Indicator of the Past 50 Years Has Officially Started Blaring.

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First American: Nominal house price appreciation responsible for April's housing affordability

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U.S Mortgages – Rates Tumble in a 6th Consecutive Weekly Fall

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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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