For the Week Ending April 14, 2017
Please enjoy this quick update on what happened this week in the housing and financial markets.
Producer prices fell in March for the first time in 7 months, possibly signaling inflation will be more gradual. Inflation pressures mortgage rates to move higher.
Trump's comments this week that the dollar may be too strong had an immediate effect on trading. Stocks suffered and bonds rallied, which supported lower rates.
Concerns that stock values are too high could help bring about lower rates. The Volatility Index is at its highest level since just after the November election.
Soon,fewer new borrowers may struggle with a down payment. A new survey from Freddie Mac shows 41% of renters now have moremoney left over after payday.
Average mortgage rates dipped nationally last week, and mortgage applications increased. Purchase applications were up 5% over the previous week.
The average tax refund was $2,860 last year, and 41% of Americans plan to save this year's. That savings could help them on the path to homeownership.
One cigarette shortens your life by two hours, one bottle of vodka by three hours, and a mortgage application by 2 days.
Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends candiffer from our own and are subject to change at any time.
Here is the Video version of this information:
Will potential buyers really have more money to purchase a home? Maybe. Check it out here.
Learn more about both in this week's Markets in a Minute:
If you have any questions on the market, loan qualification, or just want to get started on your loan, click the button below to get started online, or give me a call at 866-900-2342 toll free direct.
We proudly offer a full array of Government, Conventional, and Jumbo loan Options including FHA, VA, USDA, FHA Jumbo, VA Jumbo, VA Refinance, Conventional, Jumbo, VA Condo loans, FHA 2-4 Unit Loans, VA 2-4 Unit Loans, FHA 203K Rehab Loans, 5% down Conventional loans, Conventional Condo's OK to 95%, 95% conventional purchase with ZERO Monthly PMI, and more.
Veterans: We are able to help Veterans with a new home purchase with a VA Loan or VA Jumbo Loan as soon as 2 years after Bankruptcy, Foreclosure, or Short Sale (even sooner if Short Sale involved no late payments). Call Today - get back into homeownership!
--> VA Loan Limits for 2016. Learn More - Up to $625,500 with zero money down VA Jumbo Loan
--> VA Loans over the County VA Loan Limit - yes, we allow this: Read more detail on how to get a VA Loan Over your County VA Loan Limit here VA Loans up to $1.5M!
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We also serve the entire state of Washington including: Auburn, Bellevue, Bellingham, Bonney Lake, Bothell, Bremerton, Des Moines, Edmonds, Everett, Federal Way, Ferndale, Issaquah, Kent, Kirkland, Lacey, Lake Stevens, Lynnwood, Mercer Island, Mill Creek, Monroe, Montlake Terrace, Mt Vernon, Mukilteo, Olympia, Puyallup, Redmond, Renton, Seatac, Seattle, Silver Lake, Snohomish, Spokane, Sumner, Tacoma, Tumwater, Vancouver, Wenatchee, Woodinville, Yakima and all other WA cities and towns.
All information is subject to change without notice.
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VanDyk Mortgage is a private company specializing in FHA & VA financing, VanDyk Mortgage Corp is not a government agency. Corp 2449 Camelot Ct SE, Grand Rapids, MI 49546
Branch address 310 Via Vera Cruz, ste 210 & 211, San Marcos, CA 92078 760-752-4480 direct
NMLS ID: 3035 - VanDyk Mortgage Corp NMLS ID 220268
Brian Skaar - Loan Originator / Branch Manager
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