Napa Mortgage News

Happy Easter & Spring Break at Giants Stadium

April 29th, 2017 3:26 PM by Dale DiGennaro

Dear Gena,

Have a very enjoyable day with family and friends!

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!

Lowest Levels of Year

A wide range of news was positive for mortgage rates this week, and it far outweighed the relatively minor unfavorable influences. As a result, mortgage rates ended the week lower, at the best levels of the year.

Investors grew more concerned about the conflicts in Syria and North Korea this week. Their response was to seek relatively safer investments, including mortgage-backed securities (MBS). Since mortgage rates are set based on MBS prices, the added demand for MBS was good for rates.

A similar reaction was seen when the latest polls in the French election showed gains for candidates who favor leaving the European Union (EU). The first round of the French election will take place on April 23, and the second round occurs a couple of weeks later. If the winner seeks a French exit from the EU, it could lead to major changes in Europe. The potential for this to happen caused investors to shift to safer assets.

Comments from President Trump also were positive for mortgage rates this week. On Wednesday, Trump said that the U.S. dollar is "getting too strong" and that he likes "a low-interest rate policy." Since Trump appoints the Fed Chair, his support for looser monetary policy caused mortgage rates to decline.

Despite the global uncertainties around the world, recently released data showed that U.S. consumer sentiment remained at the elevated levels seen since the election. The preliminary reading for the consumer sentiment index from the University of Michigan rose to 98, above the consensus of 97, and the second highest level in years.

Looking ahead, geopolitical events could influence U.S. markets at any time. In the U.S., the NAHB housing confidence index will come out on Monday. Housing Starts and Industrial Production will be released on Tuesday. Existing Home Sales will come out on Friday.

Dale DiGennaro_ Jenae_ DiGennaro_ Nick Pasquini

A great "spring break" day at ATT Park with my daughter Jenae', Gena and her son

Nick!

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