Weekly Newsletter – 08-16-19

 
Shining Star Funding Logo

Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
img-230-130
img-230-130

Weekly Mortgage Watch – August 15, 2019

Weekly Mortgage Applications – 08-14-2019

  • 30 Year Mortgage Rate is at 3.6% since last week. The 30 year rock bottom rate touched in last 10 years is 3.62%

  • 15 Year Mortgage Rate increased to 3.07% compared to 3.05% last week. The 15 year rock bottom rate touched in last 10 years is 2.88%

  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.35% compared to 3.36% last week. The 15 year rock bottom rate touched in last 10 years is 2.76%

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

  • Mortgage applications increased by 21.7%  for the week ended August 14, 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!

img-134-31
img-134-31

"Money often cost too much"

– Ralph Waldo Emerson

img-300-29


PROGRAMS


"There are two ways to get rich, make more money or desire less"

– Anonymous

img-300-29


HOUSING AND ECONOMIC DATA

Bay Area County Homes Sales Report – June 2019

 

img-400-300
  • Average Bay Area county selling price for counties analysed was $1,232,808 in June 2019. Santa Clara County led with the highest average selling price at $2,061,774, followed by San Mateo County at $1,987,096, Alameda  county at $1,007,658, Contra Costa County at $892,421, San Benito County at $688,003 and Monterey County at $686,110

  • Total Average Days on Market in Bay Area counties analysed was 64 days. 96 for San Benito County County, 85 for Monterey County, 65 for Santa Clara County, 62 for San Mateo County, 58 for Contra Costa County, 55 for Santa Cruz  County and 53 for Alameda County

  • Bay Area counties analyzed had Listings Sold of 4,741 in June 2019. Alameda County had the highest at 1,309, Santa Clara County at 1,232, followed by Contra Costa County at 1,213, San Mateo County at 491, Monterey County at 230, 187 for Santa Cruz and San Benito County at 61

  • Sales Price to List price in June 2019 is at 100.85%. Alameda County is at 103.85%, San Mateo County at 101.92%, Santa Clara County at 100.84%, Contra Costa County at 100.78%, Santa Cruz County at 98.88%, San Benito County at 98.53% and Monterey County at 97.64%

img-134-31

img-230-300
img-230-300

US Homes Sales Report – June 2019

US Homes Prices Report – June 2019

  • Number of units of existing home sales for month of June 2019 is at 5,270,000 and is at a 1.7% decrease compared to last month

  • West census region is at 1,090,000 number of units and is at a 3.5% decrease for June 2019 compared to last month. Midwest  region for June 2019 is at 1,250,000 number of units, a 1.6% increase compared to last month

  • South region for June 2019 is at 2,250,000 number of units and is at a 3.4% decrease from month ago

  • Northeast region for June 2019 is at 68,000 number of units and is 3.0% higher than last month

  • Median Sales Price of Existing Homes in US increased to $285,700 with a 2.7% increase from month ago

  • Median Sales Price in West increased to $410,400 with a 0.3% increase in June 2019 compared to last month

  • Midwest median sales price increased to $230,400 with a 4.3% increase compared to last month and South is at $248,600 reflecting a 2.6% increase from month ago

  • Northeast median sales price has increased to $321,200 reflecting a 5.6% increase from month ago

img-134-31
img-134-31

"Your life does not get better by chance, it gets better by change."

– Jim Rohn

img-300-29


PROGRAMS

Quick Turnaround and Closing

With inhouse underwriting and funding. Call me and let's make it happen!

img-500-286
img-134-31

Programs


Second Opinion Doesn't Hurt!

Talk to me today about your scenario and let me help you find the perfect solution for you!

img-500-286
img-134-31
SCHEDULE A LOAN OFFICER PHONE CALL
FILL OUT THIS SHORT APPLICATION FORM NOW

WEEKLY NEWS UPDATE!

Home buyers are taking advantage of falling rates, says housing market analyst Ivy Zelman

img-300-29

img-146-90

Opinion: Here’s the real reason why U.S. home prices haven’t been smashed

img-300-29

img-146-90

A $1 trillion US budget deficit is one big reason the Fed may have to cut rates

img-300-29

img-146-90

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.

img-500-286
img-134-31
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

image_pdfimage_print

Leave a Reply

Your email address will not be published. Required fields are marked *