(661) 284-1150 | 28368 Constellation Road | # 398 | Santa Clarita, CA 91355

You’re Invited May 1st {Market Report} April 26th

You’re Invited May 1st {Market Report} April 26th
April 29, 2019 abryant

 

Please join us at our Uno de Mayo Fiesta next week! We’re celebrating Cinco de Mayo on the 1st and the grand opening of our new building. Stop by to say “Hi” and enjoy tacos, margaritas, cerveza, good company and take a look at our new building just a few doors down, 360 Suites. Wednesday, May 1st, 5:30 – 7:30 pm at our AFF office, 28368 Constellation Road, Suite 398. Please RSVP Angie@affloans.com or 661-505-4307.

Let us know if you can make it! 

 

“Fries or salad?” sums up every adult decision you have to make.

You’ll never be as lazy as whoever named the fireplace.

My fake plants died because I did not pretend to water them.

 

Now The Market Report . . .

 

Stocks continue to hit record highs, helped by strong corporate earnings. Money moving from bonds back into stocks can continue to pressure rates higher.

New orders for U.S.-made capital goods increased by the most in 8 months in March, but a drop in shipments suggested business spending slowed.

Weekly jobless claims recorded the biggest increase in 19 months last week. The overall trend in claims, however, remains consistent with a strong labor market.

 

New home sales hit a 1-1/2-yr high in March, boosted by home prices and lower mortgage rates. It was the 3rd straight monthly increase for new home sales.

However, existing home sales, which make up about 90% of sales, aren’t doing as well. Sales fell 4.9% in March.

After seeing mortgage rates increase slightly, mortgage application volume was down last week 7.3%. However, that’s still 6.6% higher than a year ago.

 

“Start by doing what’s necessary; then do what’s possible; and suddenly you are doing the impossible.”

Francis of Assisi

 

This week’s potential market moving reports are:

 

Monday, April 29th:         Core Inflation, Consumer Spending

Tuesday, April 30th:        Case-Shiller Home Price Index, Pending Home Sales

Wednesday, May 1st:     MBA Mortgage Applications, ADP Employment Report

Thursday, May 2nd:        First Time Jobless Claims, Factory Orders

Friday, May 3rd:              National Employment

 

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.