Weekly Mortgage Market update for June 28, 2019

Mortgage and Lending with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035
For the Week Ending June 28, 2019

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


The economy grew at a healthy 3.1% rate in the first quarter of this year. However, there are signs growth has slowed sharply in the second quarter.
Consumer confidence dropped more than expected in June, reaching its lowest point in nearly 2 years. The escalation in trade tensions may have played a role.
Optimism is growing that President Trump and China's Xi Jinping will announce a new round of trade talks after their meeting at the G-20 Summit this weekend.


Existing home sales rose in May, boosted by lower mortgage rates. Sales rose to a rate of 5.25 million units in May.
May's new home sales grew in all regions except the West. The median price of a newly built home was $308,000, down 2.7% annually.
Pending home sales increased in May, 1.1% over April. However, that's still 0.7% lower than a year ago, the 17th straight month of annual declines.


"Your future is created by what you do today, not tomorrow."
Robert Kiyosaki


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 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. 


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Brian Skaar

VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
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