Factory activity slowed in March, but growth in the manufacturing sector is still going strong. More companies showed signs of expanding than shrinking.

By: Fred Arnold | American Family Funding

Tariffs on goods from China continued to dominate the headlines this week. Trade war concerns have helped keep mortgage rates from rising.

Jobless claims were up on the week, but jobless rolls fell to the lowest level since 1973. A tightening labor market could boost wage growth, leading to inflation.

Construction spending was up in February after being unchanged in January. Spending on private residential projects increased 0.7%, after falling in January.

Home buyers are blowing their budgets to snag their dream houses as prices rise. A third of buyers spent an average of $16k more than they planned.

Rising home prices may keep some out of the market. A recent Freddie Mac survey finds 67% of current renters view renting as more affordable than owning.

Next week’s potential market moving reports are:

Tuesday, April 10th: Producer Price Index

Wednesday, April 11th: MBA Mortgage Applications, Consumer Price Index

Thursday, April 12th: First Time Jobless Claims

Friday, April 13th: Consumer Sentiment, JOLTS Report

As your mortgage and real estate professional, I am happy to assist you with any information you may need regarding mortgage or real estate trends. I welcome the opportunity to serve you in any way I possibly can. Please feel free to reach me at (661) 505-4300.

Santa Clarita mortgages lender American Family Funding can help you fulfill your dream of home ownership. A highly rated Santa Clarita mortgages company, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. Friendly mortgage brokers make the first time home buyer experience an easy and stress-free experience — even with bad credit or a low down payment. The Santa Clarita home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program.

American Family Funding

28368 Constellation Road
Suite 398
Valencia, CA 91355
(661) 284-1150
info@affloans.com

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