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Swapping student loan debt for mortgage debt {Market Update} October 9th

Swapping student loan debt for mortgage debt {Market Update} October 9th
October 9, 2017 abryant

If a robot does the robot is it still the robot or is it just dancing?

We’re all mature until somebody brings out the bubble-wrap.

Vegetarians, if you want animals to live, why do you eat their food?

The following statement is true. The previous statement is false.

Why is it called “after dark” when it really is “after light”?

 

Now The Market Update . . .

 

Stock markets are once again hitting record highs, as traders’ appetite for risk increases. Strong equity markets can slow down improvements in mortgage rates.
Anticipated tax cuts are one of the drivers for improved equity markets. Corporate tax cuts are expected to help spur the economy, increasing rates.
Despite continued impact from Hurricanes Harvey and Irma, jobless claims fell this week. A strong labor market could support a Fed rate hike in December.

 

Kitchen renovations are among the top remodeling projects most likely to add value to a home at resale. Homeowners generally recover up to 57% of the cost.
Mortgage applications for purchases were slightly higher last week, up about 1%. That’s nearly 5% higher than a year ago, despite a shortage of inventory.
A national homebuilder is offering a program to pay student loan debt for homebuyers. The program pays up to $13,000 and up to 3% of the home price.

 

I told my girlfriend she drew her eyebrows too high. She seemed surprised.

 

This week’s potential market moving reports are:

Monday, October 9th:           Columbus Day Holiday, Banks Closed, Markets Open

Tuesday, October 10th:        Small Business Optimism Index

Wednesday, October 11th:   MBA Mortgage Applications, JOLTS Report

Thursday, October 12th:       First Time Jobless Claims, Producer Price Index

Friday, October 13th:            Consumer Price Index, Retail Sales