(661) 284-1150 | 28338 Constellation Road | # 900 | Santa Clarita, CA 91355 | NMLS #252302

American Family Funding – Weekly Market Inflation Report – January 15, 2021

American Family Funding – Weekly Market Inflation Report – January 15, 2021
January 18, 2021 abryant
Market Report - American Family Funding


 

Cowboys ride horses. Shouldn’t they be called horseboys???

My idea of multi- tasking is using a knife and fork at the same time.

Don’t you hate it when you get on your own nerves??!!!!

My password is ********* How many asterisks do you use for your password?

 


Click Here For More Information and Apply Today!

 

Now The Market Report . . .

Consumer prices increased in December, but underlying inflation remained tame. Low inflation is good because rising inflation can pressure mortgage rates higher.
President-elect Joe Biden released his plans for more fiscal stimulus when he takes office. The added stimulus is expected to help the economy but could pressure mortgage rates higher.
Jobless claims surged last week, confirming a weakening in the labor market as virus counts rise and the pandemic disrupts operations at restaurants and other businesses.
 
After setting more than a dozen record lows last year, rates started 2021 on an upward climb. Refinance applications rose 20% last week as borrowers tried to beat further increases.
Only 16% of respondents to Fannie Mae’s December National Housing Survey feel that housing prices will fall in 2021. More than 50% felt it was a good time to buy or sell a home.
According to a Wall Street Journal report, builders are building tens of thousands of homes to be used as rentals, believing rentals will stay in high demand as prices continue to rise.
 
“With ordinary talent and extraordinary perseverance, all things are attainable.”
Thomas Fowell Buxton

 

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.

American Family Funding Recent Articles: