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Reverse Mortgage Seminar! {Market Report} May 11th

Reverse Mortgage Seminar! {Market Report} May 11th
May 14, 2018 abryant

Market Report - American Family Funding

 

American Family Funding is hosting a Reverse Mortgage Seminar on Wednesday, May 16th, at Wolf Creek Restaurant. This is not only for people looking to do a reverse mortgage, but also family members looking for information. There are still seats available!

Please RSVP angie@affloans.com or 661-505-4307.

 Please join us!

 

We hope that, when the insects take over the world, they will remember with gratitude how we took them along on all our picnics.

Life expectancy would grow by leaps and bounds if green vegetables smelled as good as bacon.

The second I get shampoo in my eyes, I’m 100% sure there’s a murderer in my bathroom.

My favorite machine at the gym is the vending machine.

I’ve probably wasted a solid year of my life just staring into the fridge.

 

Now The Market Report . . .

 

The consumer price index, which measures inflation, was slightly lower than expected in April. Lack of inflationary pressure helps keep rates lower.

The producer price index was also a bit lower than April’s forecast, another sign of lower inflation pressure. Prices rose 0.1% instead of the expected 0.3%.

Oil prices continue to rise, hitting the highest levels since 2014. Increasing oil prices could push rates higher.

 

In response to new tax code limits on property tax deductibility, NJ has enacted legislation to let homeowners declare property taxes as charitable donations.

Could more inventory start hitting the market? In a recent FannieMae survey, 45% of respondents said it’s a good time to sell, a new survey high.

Amazon’s Alexa system is gaining ground in powering smart homes. New home builder Lennar announced plans to include the technology in all new homes.

 

Never criticize someone until you have walked a mile in their shoes. That way, when you criticize them, you’ll be a mile away and you’ll have their shoes.

 

This week’s potential market moving reports are:

 

Tuesday, May 15th:          Retail Sales, Housing Market Index

Wednesday, May 16th:    MBA Mortgage Applications, Industrial Production, Housing Starts

Thursday, May 17th:        First Time Jobless Claims

 

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.