(661) 284-1150 | 25101 The Old Road, Stevenson Ranch, CA 91381 | NMLS #252302

Weekly Expert Update {Market Report} – February 07, 2022

Weekly Expert Update {Market Report} – February 07, 2022
February 7, 2022 abryant

Private payrolls fell by 301K in January vs the expected 200K gain, according to ADP. The drop is blamed on the Omicron variant’s spread.
The core personal consumption expenditures price index, an inflation gauge watched closely by the Fed, rose 4.9% year over year in December.
Job openings totaled nearly 11 million in December, more than 4.6 million above the total unemployment level, according to the Labor Department.
Although housing inventory remains tight, single-family housing starts reached 1.123 million last year, the highest level since 2006.
Newly built homes made up more than one-third of homes for sale in December, the highest share on record, according to Redfin.
Purchase applications were up 4% last week, while refi applications jumped 18% for the week. Both were still lower than a year ago.

Next weeks potential market moving reports are:

  • Monday, February 7th – Consumer Credit      
  • Tuesday, February 8th – Small Business Index, Real Household Debt
  • Wednesday, February 9th – Wholesale Inventories
  • Thursday, February 10th – Initial Jobless Claims, Continuing Jobless Claims, Federal Budget
  • Friday, February 11th – Consumer Sentiment Index, 5-Year Inflation Expectations

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:

Weekly Expert Update (Market Report) – February 28, 2022
Weekly Expert Update {Market Report} – February 21, 2022
Weekly Expert Update {Market Report} – February 14, 2022
Weekly Expert Update {Market Report} – February 14, 2022

Quick takeaways: Three ways to ensure a positive experience for first-time homebuyers. Google is making privacy changes to its Chrome…