Napa Mortgage News

Black Friday, Visiting Trump's place(s) & market news

February 15th, 2017 9:30 PM by Dale DiGennaro

Dear Gena,

As we head into the holidays.....and the shopping begins...

be sure that you truly are getting those "super" deals that are being advertised earlier and earlier each year! Just because it is "Black Friday" doesn't mean you are really getting the best possible prices available online or off.

Click Here for some great reminders and idea's to make researching and getting the best deals possible a more pleasurable experience...according to USA Today.

And if you are using credit cards this year to carry you through the extra holiday spending...keep in mind that there is some good....along with the negative connotations...in their use.

When considering a loan...it is important to establish tradelines and positive credit use. The proper use of credit cards can assist in this.

Here is some trivia from the "U.S. National Priorities":

"Most people feel that "debt" is an ugly word. In fact, most of us don't even realize how much debt we actually have. It silently accumulates, like lice, but it's your money! The average American household has $15,762 in credit card debt, has $27,141 in auto loans, and $48,172 in student loans! The good news is that loans and credit cards can be really helpful and rewarding-just remember to pay them off!"

And if you do carry a balance, be sure it is about 30-50% of the total credit available to you on any given card. This will keep your FICO score at its highest while still allowing you the convenience of using the credit.

If you are unsure of what is on your credit report, but considering a loan for a new purchase or refinance.....we would be happy to review it for you to be sure you are in a position to get the best possible loan at the best rate available!

VISIT OUR WEBSITE

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THINKING OF SELLING OR EVEN DOING A REFINANCE...
Our "Home Price Index" will take into consideration your original purchase price & date of home purchase to determine...

according to the appreciation rate for the region you live in...whether it is a good time for you to refinance now or....if you are getting ready to list your home...what a reasonable value for your area would be. You can also sign up to receive a quarterly report of your homes value based on the up to date analysis of your region.

Just a couple of ways that Custom Lending keeps you informed of our changing market place so you can make the best financial decisions for you and your family!

Another Rough Week

It was another rough week for mortgage rates last week. Volatility has been high. The market action was driven almost entirely by expected policy changes under the Trump administration. Mortgage rates rose during the week to the highest levels of the year.

Investors expect that the policy changes under a Trump administration will be good for stocks and negative for bonds. Expectations of greater fiscal stimulus are good for stocks, but they also raise the outlook for future inflation. This is bad for bonds because investors judge the value of bonds based on their future cash flow. An increase in inflation reduces the value of future cash flows, so investors demand a higher yield when the outlook for inflation rises. Since mortgage rates are set based on the value of mortgage-backed securities (MBS), higher yields for MBS lead to higher mortgage rates.

While it had little market impact, the report on housing starts was very encouraging. In October, total housing starts rose a massive 26% from September to an annual rate of 1.32 million, far above the consensus of just 1.17 million, and the fastest pace since August 2007.

Strong gains were seen in both single-family and

multi-family units. Single-family starts, which make up

about 60% of the market, increased 11% to the highest

level since October 2007. Building permits for single-family

homes also rose in October, which is a positive sign

for future activity.

Looking ahead, new information about the plans of the Trump administration likely will continue to influence mortgage rates. In addition, Existing Home Sales will be released on Tuesday(tomorrow). New Home Sales and Durable Orders will come out on Wednesday. The minutes from the November 2 Fed meeting also will come out on Wednesday. These detailed minutes provide additional insight into the debate between Fed officials. The minutes are not likely to change investor expectations for a rate hike at the next Fed meeting on December 14. Mortgage markets will be closed on Thursday for Thanksgiving.

SPEAKING OF HOUSING........


	Trumps New Hotel D.C.


Trump G.C. Rancho Palos Verdes

Trump Tower NYC


	Trump Tower Vegas


Trump Golf Course

Trump Vegas

"I wonder if he will be inviting me over to his NEW house!?!

"Thank you for always trusting in us to do the best for you and your family and please feel free to call me anytime with your questions. I will be happy to share with you whatever information you may need!"