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

Mortgage Applications Up 23.5%! {Market Report} January 14th

Mortgage Applications Up 23.5%! {Market Report} January 14th
January 14, 2019 abryant

 

 

I posted on your wall. No, not Facebook, look at the side of your house.

My idea of multi- tasking is using a knife and fork at the same time.

That moment of fear when you can’t get a ring off your finger.

I don’t want to brag, or make anyone jealous, but I can still fit into the socks I wore in high school!

Brain cells come and brain cells go, but fat cells live forever!

 

Now The Market Report . . .

 

The government shutdown, in its third week, hasn’t yet shown signs of affecting the economy. However, it has impacted some mortgage programs like USDA.

After a dismal December, stocks are rebounding, helped in part by progress in U.S./China trade talks. These improvements have pressured mortgage rates.

Although recent concerns about the economy have surfaced, the job market remains strong. Jobless claims fell more than expected last week to 216,000.

 

The recent drop in mortgage rates has sparked a jump in applications. Mortgage applications were up 23.5% from the previous week.

Just over 10% of agents surveyed by NAR said the shutdown was having an impact on their clients. Gov’t and non-gov’t employees alike have been affected.

More first-time buyers are turning to their parents for help with down payments. A recent HUD report shows 26% of FHA borrowers got assistance from a relative.

 

“Study the past if you would divine the future.”

Confucius

 

This week’s potential market moving reports are: (Due to the government shutdown, there are fewer economic reports available)

 

Monday, January 14th:          No Reports Scheduled

Tuesday, January 15th:         Producer Price Index

Wednesday, January 16th:    Retail Sales, Home Builders Index

Thursday, January 17th:        First Time Jobless Claims, Housing Starts

Friday, January 18th:             Industrial Production, 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.

American Family Funding Recent Articles:

American Family Funding – Market Update March 19, 2021
American Family Funding – Market Update March 19, 2021

Please enjoy this quick update on what happened this week in the housing and financial markets.     Asking for…

American Family Funding – Weekly Market Blog – March 01, 2021
American Family Funding – APM Cares – February 18, 2021