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Your neighborhood, Short term rates going up, Tax reform and a Laugh – Market Update – December 18, 2017

Your neighborhood, Short term rates going up, Tax reform and a Laugh – Market Update – December 18, 2017
December 18, 2017 abryant

Market Report - American Family Funding

One thing you are sure you will do for the rest of your life: Pull the door that says push.

If you think the grass is greener on the other side of the fence, you should probably water your lawn.

An onion can make people cry, but there’s never been a vegetable that can make people laugh.

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

“Always pass on what you have learned.” Yoda

Let us show you some things you don’t see every day—What are the underlying factors that can impact your home’s value, from recent sales to school zones to the typical commute. Just click here!

This is a great tool if you are shopping for a home and want to check out a neighborhood! Just click here!

Now The Market Update . . .


Tax reform is moving forward. Lawmakers are currently reconciling the Senate and House versions. The GOP is trying to get it done before 2018.

The Fed raised policy rates at this week’s meeting, as expected. The rate increase actually helps to keep mortgage rates low for the near term.

The Fed is expected to raise rates 3 times in 2018, based on current forecasts. The policy rate increases could pressure mortgage rates higher for next year.

Homebuilders that focus on entry-level housing are expected to flourish in 2018. A growing economy, solid job market, and low mortgage rates are driving demand.

In its 2018 forecast, Realtor.com predicts home prices will go up 3.2% and sales will increase 2.5%. Inventory is also expected to rise.

Mortgage rates remain low, and mortgage applications remain high. New purchase apps were 10% higher than a year ago this time.

Sister: “What are you giving Mom and Dad for Christmas?”

Brother: “A list of everything I want!”

This week’s potential market moving reports are:

Monday, December 18th: Housing Market Index

Tuesday, December 19th: Housing Starts

Wednesday, December 20th: MBA Mortgage Applications, Existing Home Sales

Thursday, December 21st: First Time Jobless Claims. FHFA House Price Index

Friday, December 22nd: New Home Sales, Durable Goods Orders

Santa Clarita mortgages lender American Family Funding can help you fulfill your dream of home ownership. A highly rated Santa Clarita mortgages company, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. Friendly mortgage brokers make the first time home buyer 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.