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American Family Funding: Update On Santa Clarita Mortgages – January 26, 2018

The government shutdown had a nominal effect on markets and no effect on rates. Another shutdown is possible February 8th, the new deadline for a deal.

The dollar slumped this week, its biggest weekly decline in 18 months. Treasury Secretary Steven Mnuchin says a weaker dollar could boost U.S. trade though.

Jobless claims were up from last week’s 45-year low, but still lower than expected. The labor market continues to tighten with near full employment.


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Existing home sales were down 3.6% in December from November, but were up 1.1% year-over-year. A lack of supply of homes on the market played a role.

New home sales were also down in December, blamed partly on unseasonably cold temperatures. However, new home sales were 14% higher than a year ago.

Rising mortgage rates have spurred more buyers off their couches and into the market. Mortgage applications were up 4.5% over last week, 6.1% over last year.

Next week’s potential market moving reports are:

Tuesday, January 30th: S&P Corelogic Case-Shiller Home Price Index, Consumer Confidence

Wednesday, January 31st: MBA Mortgage Applications, ADP Employment Report, Pending Home Sales, FOMC Meeting Announcement

Thursday, February 1st: First Time Jobless Claims, Construction Spending

Friday, February 2nd: National Employment Situation, Factory Orders, Consumer Sentiment

Do you have a news tip? Call us at (661) 298-1220, or drop us a line at community@hometownstation.com.

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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American Family Funding: Update On Santa Clarita Mortgages – January 26, 2018

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As Santa Clarita’s only local radio station, KHTS FM 98.1 & AM 1220 mixes in a combination of news, traffic, sports, along with your favorite adult contemporary hits by artists such as Rob Thomas, Taylor Swift, Katy Perry and Maroon 5. We are vibrant member of the Santa Clarita community. Our broadcast signal reaches all of the Santa Clarita Valley and parts of the high desert communities located in the Antelope Valley. We stream our talk shows over the web, reaching a potentially worldwide audience.