Brian's Blog

head_left_image

Weekly Mortgage Market Update for June 2, 2017

 

For the Week Ending June 2, 2017

 

Please enjoy this quick update on what happened this week in the housing and financial markets.

 

 

The Consumer Confidence Index, which had decreased in April, fell again slightly in May. However, consumers remain optimistic about the economy on the whole.

Consumer spending recorded its biggest increase in 4 months in April, and monthly inflation rebounded. Inflation pressures mortgage rates to move higher.

The Fed sees the economy expanding at a "modest to moderate" pace through May, strengthening the case that a policy rate hike at the June meeting is likely.

 

Case-Shiller reports the inventory of homes for sale remains "unusually low," driving up values. Prices continued to rise in March, reaching a 33-month high.

Pending home sales were down slightly in April, according to NAR. Demand remains high, but the low inventory is causing a bottleneck in sales.

One factor that may be adding to inventory woes is the failure of investors to sell. Many homes that were purchased during the downturn are now rentals.

 

 

My neighbors always leave their sprinklers on, which is a bit annoying. I guess you could say it's a source of constant irrigation.

 

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 can differ from our own and are subject to change at any time.

 

 

Here is the Video version of this information: 

 

What's happening in the markets this week? Check it out. It will only take a minute!

 

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. 

Fast Forward Approval - the Smartest Way to get Pre-Approved

 

 

 

Government Loan Pros- VA FHA USDA FHA Jumbo VA Jumbo 203K

 

We proudly offer a full array of Government Conventional, and Jumbo loan Options including FHAVAUSDAFHA JumboVA Jumbo, VA Refinance, Conventional, JumboVA Condo loans,   FHA 2-4 Unit LoansVA 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 2018.  Learn More - Up to $679,650 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!

 

--> Answers to Common VA Loan Questions - VA FAQ Series

We serve the entire state of California  including: Anaheim,  Antioch,  Bakersfield, Brentwood, Burbank,  Carlsbad,   Chula VistaCorona,  Coronado, Downtown San Diego, EncinitasEscondido, Fallbrook,  Fremont,  FresnoHermosa Beach, Huntington BeachIrvineLong BeachLos Angeles, Marina Del Rey,   Menifee, Monterey, MurrietaOakland, Oakley,  Oceanside,  Ontario,  Pasadena ,  Poway,   Rancho Cucamonga,  Redlands,   Riverside,   Sacramento,        San BernardinoSan DiegoSan FranciscoSan JoseSan MarcosSan MateoSanta Ana,  Santa Clarita,   Santa MonicaTemecula, Torrance, Ventura, Vista, and all other CA Cities and areas.

 

We now serve the entire state of Virginia including Virginia Beach, Norfolk, Chesapeake, Richmond, Newport News, Alexandria, Hampton, Roanoke, Portsmouth, Suffolk, and all other Virginia Cities, Towns and Counties. 

 

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. 

 

We also serve Colorado, GeorgiaMassachusetts, Michigan, Mississippi,  Indiana, Tennessee, Texas, and Wyoming Homebuyers and Homeowners.  

 

VA Loan Limits 2018     FHA Loan Limits 2018     Conforming Loan Limits 2018

All information is subject to change without notice.

Licensing   Fair Lending    Privacy Policy    Complaints    

State of NY Disclosure    TX Disclosure    General Disclosure

 

Residentional Mortgage Lender registered by the VA Department of Business Oversight

Georgia Residential Mortgage Licensee #39449

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

 Copyright © 2018 VanDyk Mortgage

 

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   

 

NY Disclosure:  Website authorization has not been approved by teh New York State Department of Financial Services.   Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site. 

 

Fast Forward Approval - the Smartest Way to get Pre-Approved

 

 

 

 

 

 

 


 

 

Comment balloon 0 commentsBrian Skaar • June 02 2017 07:13PM
Weekly Mortgage Market Update for June 2, 2017
share
For the Week Ending June 2, 2017 Please enjoy this quick update on what happened this week in the housing and financial markets. The Consumer Confidence Index, which had decreased in April, fell again slightly in May… more
Weekly Mortgage Market Update for May 26, 2017
share
For the Week Ending May 26, 2017 Please enjoy this quick update on what happened this week in the housing and financial markets. Minutes released from the Fed's May FOMC meeting support a possible policy rate hike in June… more
Weekly Mortgage Market Update for May 19, 2017
share
For the Week Ending May 19, 2017 Please enjoy this quick update on what happened this week in the housing and financial markets. Stocks plummeted and bonds rallied after events in Washington, D. C., spooked investors. The… more
Weekly Mortgage Market Update for May 12, 2017
share
For the Week Ending May 12, 2017 Please enjoy this quick update on what happened this week in the housing and financial markets. Inflation at the wholesale level, before it reaches the consumer, rose 0. 5% in April and is… more
Weekly Mortgage Market Update for May 5, 2017
share
\ For the Week Ending May 5, 2017 Please enjoy this quick update on what happened this week in the housing and financial markets. The Fed left rates unchanged at May's FOMC meeting but expressed faith in the strength of the… more