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

Happy Thanksgiving! {Market Report} November 25th

Happy Thanksgiving! {Market Report} November 25th
November 25, 2019 abryant

Market Report - American Family Funding

 

Whoever said, “Out of sight, out of mind” never had a spider disappear in their bedroom.

Potatoes make French fries, chips and vodka. It’s like the other vegetables aren’t even trying.

I hate having a messy house. Not enough to actually clean it, but enough to give it a disgusted stare while I peacefully relax on the couch.

Going in a teen’s room is like going to Ikea. You pop in to take a look and come out with 4 bowls, 6 cups, a set of plates, and some cutlery.

Each year in the USA, 16 people are attacked by sharks and 6000 by goats. We don’t need shark week, we need goat week.

 

Now The Market Report . . .

 

Trade talks with China are still moving markets. Investors worry the ‘phase one’ deal is taking too long, but China’s chief negotiator Vice Premier Liu He says he is “cautiously optimistic.”

October Fed meeting minutes show Fed officials felt risks to the economy remained elevated, even as they agreed to hold off on further rate cuts.

Unemployment applications last week unexpectedly remained at 227,000. The Fed minutes showed officials viewed labor market conditions as strong despite a slowdown in job growth.

 

Housing starts were up in October, with single-family construction rising for a 5th straight month. Home construction permits jumped to more than a 12-year high.

Homebuilders remain confident in the housing market, spurred in part by low mortgage rates. This is the 4th month at least half of surveyed builders reported positive buyer traffic.

October’s existing home sales increased 1.9%, beyond expectations. Tight supply combined with low rates to boost home prices, which grew at the fastest pace in more than 2 years.

 

“Never put off until tomorrow what you can do the day after tomorrow.”
Mark Twain

 

This week’s potential market moving reports are:

 

Monday, November25th:           No Reports Scheduled

Tuesday, November 26th:         Case-Shiller HPI, New Home Sales, Consumer Confidence

Wednesday, November 27th:     MBA Mortgage Applications, Pending Home Sales, Jobless Claims

Thursday, November 28th:        Thanksgiving Holiday – All Markets Closed

Friday, November 29th:            No Reports Scheduled

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:

Gauge The Level Of Investment With The American Family Funding Mortgage Calculator
Gauge The Level Of Investment With The American Family Funding Mortgage Calculator

We all want to make the best decisions for our families and ourselves when deciding on a home investment. In…

Find out what’s helping rates! {Market Report} October 16th
Differences Between a Second Home vs. an Investment Property