Weekly Newsletter – 08-02-19

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – August 01, 2019

Weekly Mortgage Applications – 07-31-2019

  • 30 Year Mortgage Rate is at 3.75% since last week. The 30 year rock bottom rate touched in last 10 years is 3.55%

  • 15 Year Mortgage Rate increased to 3.20% compared to 3.18% last week. The 15 year rock bottom rate touched in last 10 years is 2.83%

  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.46% compared to 3.47% last week. The 15 year rock bottom rate touched in last 10 years is 2.75%

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

  • Mortgage applications decreased by 1.4%  for the week ended July 31, 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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“In the end, we only regret the chances we didn’t take”

– Anonymous

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PROGRAMS


“It’ not about having lots of money. It knowing how to manage it”

– Anonymous

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HOUSING AND ECONOMIC DATA

Payroll and Unemployment – May 2019

 

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  • Industrial Production Index has increased to 109.6352 in May 2019 reflecting a 2.1% increase from year ago. All Employees Total Non-farm  has increased to 151,084 in May 2019 reflecting a 1.6% increase from year ago

  • Average Initial Claims in United States decreased to 217,500 in May 2019 reflecting a 1.1% decrease from year ago. The Average Initial Claims in California decreased to 38,428 in May 2019 reflecting a 2.4% decrease from year ago

  • San Francisco in California had the highest drop in Unemployment Rate in May 2019 with 8.3% decrease from year ago. 10 Year Break even Inflation rate decreased to 1.83% with 14.7% decrease from year ago. The average hourly earning of all employees has increased to 27.84 dollars per hour with 3.1% increase in May 2019

  • Personal consumption expenditures has increased to $14,508.6 Bn in May 2019 with a 4.0% increase from year ago and Personal savings rate decreased to 8.0% in May 2019 reflecting a 6.7% decrease from year ago

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Economic Indicators – May 2019

Freddie Mac Mortgage Rate Trend Actuals Vs Forecasts – May 2019

  • Homeownership Rate for US is 64.4% in January 2017. US Leading Index is at 1.28% in May 2019 reflecting a 19.0% decrease compared to last year and California Leading Index is at 1.89% in May 2019 reflecting a 9.2% increase from year ago

  • Major Currencies increased to 106.9771 reflecting a 4.7% increase from year ago. Gold Fixing Price decreased to 1,283.948 reflecting 1.5% decrease from year ago. Crude Oil prices decreased to 71.27 Dollars in May 2019 reflecting a 7.6% decrease from year ago. Federal Deficit was at -3.78586% in May 2019 reflecting a 11.0% increase from year ago. Total Vehicles sales is 18.001 Million in May 2019 reflecting a 1.3% 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 19,023.820 Bn reflecting 2.3% change from year ago. Federal Debt Total Public Debt as Percentage of GDP increased 104.40334 reflecting 0.2% 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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“Living on less than you make is a matter of controlling yourself, not a matter of math.”

– 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!

Southern California home prices rose only a little in June, and sales slid

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US STOCKS-Wall Street drops on new trade worries, Fed; Apple eyed

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Here’s what that Fed rate cut means for you

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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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