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Holiday Mixer & Mortgage rates improve! {Market Report} December 10th

Holiday Mixer & Mortgage rates improve! {Market Report} December 10th
December 10, 2018 abryant

Market Report - American Family Funding

 

 

SRAR and American Family Funding are hosting a Holiday Mixer and Boutique!  Come celebrate the holidays with us and finish up that last minute shopping.  American Family Funding will donate $2 for each attendee to the victims of the recent fires.  Happy Holidays!

 

 

The more I think, the more I get confused.

The awkward moment when Wikipedia has copied your homework.

Right now I’m having amnesia and deja vu at the same time, I think I’ve forgotten this before.

Some say the glass is half empty, some say half full, while they are arguing, I get a refill.

I know it all; I just can’t remember it simultaneously.

 

Now The Market Report . . .

 

The yield on 5-year Treasury bonds slipped below the rate on 2-year Treasuries, called an ‘inversion.’ Inverted yield curves could be a sign of a future recession.

Mortgage rates improved this week as stocks tumbled and bonds rallied. Concerns the economy is cooling off could help rates continue to improve.

The trade deficit widened more than forecast in October to the highest in a decade. This underscores continued fallout from the China-U.S. trade dispute.

 

CoreLogic reports homeowners with negative equity declined by 81,000 in the 3rd quarter. The average homeowner gained $12,400 in home equity year over year.

Luxury home builder Toll Brothers reported its first decline in quarterly orders in more than 4 years. It’s thought rising interest rates and home prices were to blame.

Buyers are spending more time trying to find the perfect home, often 3 months or longer. However, most buyers say they refuse to give up and will keep looking.

 

In crucial things, unity. In important things, diversity. In all things, generosity.

— George H.W. Bush

 

This week’s potential market moving reports are:

 

Monday, December 10th:         Jobs Opening and Labor Turnover Report (JOLTS)

Tuesday, December 11th:        Producer Price Index

Wednesday, December 12th:   MBA Mortgage Applications, Consumer Price Index

Thursday, December 13th:       First Time Jobless Claims

Friday, December 14th:            Retail Sales, Industrial Production

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.