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American Family Funding – Market Report – January 08, 2021

American Family Funding – Market Report – January 08, 2021
January 8, 2021 abryant


Someone asked me, when you think of Greece, what is the first thing that comes to your mind? I said French fries.

If my room is clean, it means that my internet is not working.

That moment of fear when you can’t get a ring you are trying on, off your finger.

Sometimes I listen to stranger’s conversation and mentally give my opinion.

When you get a deep cut, you get worried when you start bleeding. I would be more worried if it didn’t start to bleed actually.



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Now The Market Report . . .

The Democrats’ sweep of Senate seats in Georgia completed the “Blue Wave” and added to expectations of increased economic stimulus in 2021, which could lead to rising rates.
Private payrolls posted the first drop since April, as reported by ADP. Leisure and hospitality suffered the biggest losses, with most cuts coming from large businesses.
Last month’s Fed meeting minutes showed that markets will get plenty of notice before any cuts on bond purchases. The reassurance will help keep mortgage rates low.
Construction spending increased strongly in November, especially residential spending, boosted by a robust housing market and historically low mortgage rates.
The number of U.S. households is projected to grow by up to 12 million by 2028. Generation X and millennials are expected to drive most of the household formation.
The pandemic is influencing home design in ways that are likely to continue for years to come. Trends include upgrading technology and using rooms for combined purposes.
“Enter this new year with a gratitude for this new chance to create your dreams.”
Avina Celeste

Next week’s potential market moving reports are:


Monday, January 11th – None Scheduled
Tuesday, January 12th – Job Openings
Wednesday, January 13th – Consumer Price Index, Mortgage Applications
Thursday, January 14th – First Time Jobless Claims
Friday, January 15th – Retail Sales, 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.

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