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Happy St. Patrick’s Day! {Market Report} March 19th

Happy St. Patrick’s Day! {Market Report} March 19th
March 19, 2018 abryant

Market Report - American Family Funding

 

 

It’s so easy being green this time of year.

Or is it?

I hope your St. Patrick’s Day is a great one!

 

I don’t Think there will be Enough Coffee for This Monday.

Every person is crazy, the only difference is the capacity.

Those who believe in telekinetics, raise my hand.

You’re only as good as your last haircut.

When I was a child I thought nap time was a punishment, now that I’m an adult, I think nap time is a vacation.

 

Now The Market Report . . .

 

Consumer inflation was less threatening in February according to the recent CPI data. If inflation rises too quickly, mortgage rates could follow.

Concerns over import tariffs and possible trade wars continue to plague markets and could cool the economy. This could help keep rates from rising.

The Fed is expected to raise policy rates at next week’s meeting. The change has already been priced into mortgage rates and likely won’t have further impact.

 

A recent survey shows Baby Boomers want high speed internet and to live near grocery stores and hospitals. Over 90% said they plan to stay in their own home.

Another poll found more than 70% of homeowners in their home for 10+ years aren’t moving because they like their home. Another 21% don’t want the hassle of a move.

The NAR found that 40% of potential millennial home buyers would start their property search online, while 15% said they would call an agent first.

 

I love pressing F5. It is so refreshing.

 

This week’s potential market moving reports are:

 

Tuesday, March 20th:          Federal Open Market Committee Meeting Begins

Wednesday, March 21st:    MBA Mortgage Applications, Existing Homes Sales, Fed Announcement

Thursday, March 22nd:       First Time Jobless Claims, FHFA House Price Index

Friday, March 23rd:              New Home Sales, Durable Goods Orders

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.