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Is homeownership the American Dream? {Market Report} March 11th

Is homeownership the American Dream? {Market Report} March 11th
March 11, 2019 abryant

Market Report - American Family Funding

 

 

 

If your life isn’t rich and smooth you bought the wrong box of chocolates!!

You can’t run from your problems, especially if your problem is a Cheetah.

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

You know you’re old when someone compliments you on your alligator shoes, and you’re barefoot.

 

Now The Market Report . . .

 

A U.S./China trade deal may be close, after months of trade disputes. If a deal is signed, it could put some pressure on rates, as stocks may rally on the news.

The ECB statement this week reinforced concerns about a global economic slowdown. Weak global economies have helped to keep rates low here at home.

Private payrolls were up 183,000 in February, according to ADP. Unemployment claims last week were down, pointing to strong labor market conditions.

 

Construction spending unexpectedly fell in December, after an increase in November. Only part of the drop was for private residential projects though.

New home sales hit a 7-month high in December, the highest level since May 2018. Mortgage rates are hovering near a 12-month low.

A recent survey showed over 79% of Americans still believe that owning a home is a vital component to achieving the American Dream.

 

“Yesterday is not ours to recover, but tomorrow is ours to win or lose.”

Lyndon B. Johnson

 

This week’s potential market moving reports are:

 

Monday, March 11th:         Retail Sales

Tuesday, March 12th:        Consumer Price Index

Wednesday, March 13th:   MBA Mortgage Applications, Producer Price Index

Thursday, March 14th:       First Time Jobless Claims, January New Home Sales

Friday, March 15th:            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.