(661) 284-1150 | 28368 Constellation Road | # 398 | Santa Clarita, CA 91355

College Planning Workshop and Homeownership rate increases! {Market Report} November 5th

College Planning Workshop and Homeownership rate increases! {Market Report} November 5th
November 6, 2018 abryant

Market Report - American Family Funding

 

 

We are hosting a College Planning Workshop for all those who plan on sending their children to college.

“How to Strategically Position & Market your student to get Accepted and receive MAXIMUM Scholarships, Merit & Institutional.”

 College Planning Experts, the leading experts in the industry, will be presenting very informative & valuable content. The flyer below highlights (not limited to) what will be discussed. Come learn the secrets and the strategies on how to get accepted, max merit scholarships and institutional grants, when you should start and why. Learn how to leverage real estate for funding tuition, and much more.

 Please join us Wednesday, November 14th, 6:30 PM, at American Family Funding, 28368 Constellation Road, Suite 398, Santa Clarita, CA 91355.

 Space is limited – MUST REGISTER – click on link https://cpei.infusionsoft.app/app/form/111418AFF or Call Rudy Herrera at 661-373-5753.

 

Why would life give you lemons…life is not a lemon tree!

I’m confused… Wait, maybe I’m not…

Even Barbie is not perfect. I snapped off her leg.

Traffic is moving at a standstill….what???

If you think nobody cares if you’re alive, try missing a couple of payments.

 

Now The Market Report . . .

 

Consumer spending rose for a 7th straight month in September, but personal income recorded its smallest gain in more than a year on moderate wage growth.

Companies continued to hire at a brisk pace in October. Private payrolls rose by a better-than-expected 227,000, according to ADP and Moody’s Analytics.

Despite a strong labor market and increasing inflation, the Fed is not expected to raise policy rates at next week’s meeting. A December rate hike is likely though.

 

According to Case-Shiller, home price gains tempered to a 5.8% yearly increase in August. This is slightly lower than prior readings yet still a healthy rate.

Mortgage application volume fell 2.5% last week compared to the previous week. Refinance applications were down 4% last week after previously improving.

Despite low inventory, the national homeownership rate was 64.4% in the third quarter. That’s a half-percentage point higher than it was a year ago.

 

What do two mortgage companies offering different rates have?

A conflict of interest

 

This week’s potential market moving reports are:

 

Monday, November 5th:         ISM< Non-Manufacturing Index

Tuesday, November 6th:        Job Opening and Labor Turnover Survey (JOLTS), Election Day

Wednesday, November 7th:   MBA Mortgage Applications, Consumer Credit

Thursday, November 8th:       First Time Jobless Claims, FOMC Announcement

Friday, November 9th:            Consumer Sentiment, Producer Price Index

 

 

Santa Clarita mortgages lender American Family Funding can help you fulfill your dream of home ownership. A highly rated Santa Clarita mortgages lender, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly mortgage advisor will make the first time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. The Santa Clarita home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program.