Weekly Newsletter – 11-29-19

 
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Weekly News Update

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

Weekly Mortgage Applications – 11-27-2019

  • 30 Year Mortgage Rate increased to 3.68% compared to 3.66% last week. The 30 year rock bottom rate touched in last 10 years is 3.32%

  • 15 Year Mortgage Rate is at 3.15% since last week. The 15 year rock bottom rate touched in last 10 years is 2.64%

  • 5/1 Adjustable Rate Mortgage Rate increased to 3.43% compared to 3.39% last week. The 15 year rock bottom rate touched in last 10 years is 2.72%

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

  • Mortgage applications increased by 1.5%  for the week ended November 27, 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!

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"Your positive thought about money, will increase your Financial Flow"

– Anonymous

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PROGRAMS


"Money does not dictate your lifestyle, it's what you do to get it and how you manage your finances that determines your lifestyle."

– Anonymous

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HOUSING AND ECONOMIC DATA

"Unemployment Rate and Initial Claims – September 2019"

 

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  • Initial Claim in US is at 212,750 with a 0.4% increase in September 2019 and Initial Claim in California is at 33,452 with a 0.4% decrease in September 2019

  • Unemployment rate in US is at 3.5% with a 5.4% decrease in September 2019 and Unemployment in California is at 4.0% with a 2.4% decrease in September 2019

  • San Francisco MSA has the highest decrease of unemployment rate from year ago at 12% in September 2019

  • Visalia MSA has 9.6% increase of unemployment rate from year ago in September 2019

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Freddie Mac Mortgage Rate Trend Actuals Vs Forecasts – September 2019

Freddie Mac Unemployment Rate – Consumer Prices – Real GDP – Actual and Forecasts – September 2019

  • 30 year Fixed Mortgage Actual Rate is 4.0% in 2nd quarter of 2019. Forecast for 3rd and 4th quarter of 2019 is 3.7%. Forecast for 1st quarter of 2020 is 3.7% and will increase to 3.9% in 4th quarter of 2020

  • 10 year Const. Mat. Treas Actual Rate increased to 2.3% in 2nd quarter of 2018. Forecast for 3rd and 4th quarter of 2019 is 1.8%. Forecast for 1st to 4th quarter of 2020 is 1.8%

  • 5/1 year Hybrid Treasury Indexed ARM Actual Rate is 3.6% in 2nd quarter of 2019. Forecast for 3rd and 4th quarter of 2019 is 3.4%. Forecast for 1st quarter of 2020 will be 3.4% and will be 3.6% in the last quarter of 2020

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  • Actual unemployment rate for 2nd quarter of 2019 is at 3.6%.  Forecast unemployment rate for 3rd and 4th quarter of 2019 is 3.7%. Forecast unemployment rate for 1st quarter of 2020 is 3.7% and will increase to 3.9% last quarter of 2020

  • Actual CPI for 2nd quarter of 2019 is at 2.9%. Forecast for 3rd quarter of 2019 is 2.2% and will decrease to 2.3% in the last quarter of 2019. Forecast for 1st quarter of 2019 is 2.2% and will decrease to 1.9% in the last quarter of 2019

  • Actual Real GDP is at 2.0% in 2nd quarter of 2019. Forecast for 3rd quarter of 2019 is 1.8% and will increase to 1.9% in the last quarter of 2019. Forecast for 1st quarter of 2020 is 1.9% and will decrease to 1.7% in the last quarter of 2020

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"As you manage your money, you manage your life"

– 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!

How to Sell a House in Southern California: Make a Movie

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Fed Unlikely to Cut Rates Again Unless Economy Shows Signs of Weakening

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How Much Of An Impact Does The Mortgage Interest Tax Deduction Really Make?

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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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