Weekly Newsletter – 07-19-19

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – July 18, 2019

Weekly Mortgage Applications – 07-17-2019

  • 30 Year Mortgage Rate is at 3.81% compared to 3.75% last week. The 30 year rock bottom rate touched in last 10 years is 3.53%

  • 15 Year Mortgage Rate increased to 3.23% compared to 3.22% last week. The 15 year rock bottom rate touched in last 10 years is 2.86%

  • 5/1 Adjustable Rate Mortgage Rate increased to 3.48% compared to 3.46% last week. The 15 year rock bottom rate touched in last 10 years is 2.69%

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

  • Mortgage applications decreased by 1.1%  for the week ended July 17, 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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"It's not about perfect. It's about effort and when you bring that effort every single day, that's where transformation happens. That's how change occurs"

– Jillian Michaels

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PROGRAMS


"The rich invest in time, the poor invest in money"

– Warren Buffett

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HOUSING AND ECONOMIC DATA

Bay Area County Homes Sales Report – May 2019

 

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  • Average Bay Area county selling price for counties analysed was $1,239,085 in May 2019. Santa Clara County led with the highest average selling price at $2,129,880, followed by San Mateo County at $1,971,882, Alameda  county at $958,369, Contra Costa County at $872,959, Monterey County at $823,313 and San Benito County at $739,162

  • Total Average Days on Market in Bay Area counties analysed was 67 days. 152 for San Benito County County, 98 for Monterey County, 70 for Contra Costa County, 67 for Santa Cruz County, 53 for San Matero County, 55 for San Mateo  County and 52 for Alameda County

  • Bay Area counties analyzed had Listings Sold of 5,407 in May 2019. Alameda County had the highest at 1,470, Santa Clara County at 1,467, followed by Contra Costa County at 1,433, San Mateo County at 527, Monterey County at 269, 52 for Santa Cruz and Alameda County at 49

  • Sales Price to List price in May 2019 is at 101.82%. Alameda County is at 104.8%, San Mateo County at 103.53%, Contra Costa County at 102.51%, Santa Clara County at 101.57%, Santa Cruz County at 99.38%, Monterey County at 97.94% and San Benito County at 97.53%

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US Homes Sales Report – May 2019

US Homes Prices Report – May 2019

  • Number of units of existing home sales for month of April 2019 is at 5,340,000 and is at a 2.5% increase compared to last month

  • West census region is at 1,130,000 number of units and is at a 1.8% increase for April 2019 compared to last month. Midwest  region for April 2019 is at 1,220,000 number of units, a 3.4% increase compared to last month

  • South region for April 2019 is at 2,320,000 number of units and is at a 1.8% increase from month ago

  • Northeast region for April 2019 is at 66,000 number of units and is 24.5% lower than last month

  • Median Sales Price of Existing Homes in US increased to $277,700 with a 4.0% increase from month ago

  • Median Sales Price in West increased to $409,100 with a 3.5% increase in May 2019 compared to last month

  • Midwest median sales price increased to $220,500 with a 5.2% increase compared to last month and South is at $241,400 reflecting a 3.1% increase from month ago

  • Northeast median sales price has increased to $304,100 reflecting a 5.8% increase from month ago

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"In investing in what is comfortable is rarely profitable"

– Robert Arnott

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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!

CNBC: Foreign purchases of American homes plunge 36% as Chinese buyers flee the market.

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Powell says financial crisis accelerated economic changes

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US Stocks edge up to new records as investors eye earning season

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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