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Apps and loan amounts are up! {Market Report} March 25th

Apps and loan amounts are up! {Market Report} March 25th
March 25, 2019 abryant

 

 

 

It is a scientific fact that your body will not absorb cholesterol if you take it from another person’s plate.

The digital camera is a great invention because it allows us to reminisce. Instantly.

A black cat crossing your path signifies that the animal is going somewhere.

 

Now The Market Report . . .

 

The Fed did not raise policy rates at this month’s FOMC meeting. Based on Fed projections, we likely won’t see another Fed rate hike until 2020.

Jobless claims fell to 221,000 last week. That’s a 4-week low, as the labor market tightens further following the 5-week government shutdown.

Inflation continues to hover below Fed expectations, contributing to concerns about a slowing economy. Low inflation can help keep mortgage rates low.

 

Home builders remain optimistic about the housing market as mortgage rates continue to fall. Lower rates can make mortgage payments more affordable.

Mortgage applications rose 1.6% over the previous week, helped by lower rates. The average loan size set a record for the 3rd week in a row, reaching $327,500.

A recent report shows that staging not only results in a quicker sale but also may increase a home’s value. The most important room to stage? The living room.

 

“Pennies do not come from heaven. They have to be earned here on earth.”

Margaret Thatcher

 

This week’s potential market moving reports are:

 

Monday, March 25th:          No Reports Scheduled

Tuesday, March 26th:         Housing Starts, Building Permits, Case-Shiller HPI

Wednesday, March 27th:    MBA Mortgage Applications

Thursday, March 28th:        First Time Jobless Claims, Pending Home Sales

Friday, March 29th:             New Home Sales, Consumer Sentiment

 

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.