Weekly Mortgage Market Update for 04-14-2017

By
Mortgage and Lending with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035

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. 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Tags:
weekly mortgage market update
brian skaars weekly mortgage market update

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
603,542

Brian Skaar

VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
Let's get started:
*
*
*
*
Spam prevention

Additional Information