Napa Mortgage News

Commuting to your job.....Napa Valley Stars Gala auction for fire victims with Mark Ibanez

May 14th, 2018 9:31 AM by Dale DiGennaro

We all know people that are making a commute from where they live to their job...or...quite possibly this is you! Daily traffic is getting heavier & heavier as people are making the commute from their home to their place of employment.

WHY? It appears that its getting more and more challenging for us to live close to where we work based on the increasing home prices and affordability. Just barely 10 years after the housing crisis, home prices are back up there again!

According to CNBC...Teachers, first responders, restaurant workers and, surprisingly, computer programmers have the hardest time affording a home near their jobs. And in our area I would add agricultural workers to that list.

Check it out Here...

The good news is we are getting new lending programs every day that can help assist homebuyers and give some flexibility for income.

Call me for more information!

The Friday File: After a 9% jump to 1.46 billion in 2017, France, for the first time ever, consumed more hamburgers than jambons-beurres, whose sales totaled 1.22 billion. The split baguette with ham and butter had been the best seller since the 19th century! Interestingly, the French also love pizza and consume an average of 22 pounds per person/year, second only to the USA, and double Italian consumption.

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Ready to take the step of  purchasing or refinancing your home,
office or apartment building?
You can rely on us to help you find the loan program that's best for you.
Our team of professionals is eager to help you with this big financial decision. We will treat you right and give you the personal service you deserve.
We know you're making a commitment in buying a house or investment property, refinancing a mortgage, or cashing out your home equity.
So we make a commitment to you: we will help you qualify, apply and be approved for the right mortgage loan for you, and you will be able to follow our progress...every step of the way...whenever its most convenient for you!
But don't just take our word for it!  Look at what our clients are saying...

Weaker Job Gains

Investors were focused on Friday's Employment report and the policy on tariffs this week. Despite unexpected results on both fronts, however, there was little reaction in mortgage rates, and they finished the week nearly unchanged.

Against a consensus forecast of 175,000, the economy added just 104,000 jobs in March. In addition, downward revisions subtracted 50,000 jobs from the results for prior months. Even with the shortfall, however, the economy has added an average of 202,000 jobs per month during the first three months of 2018. The unemployment rate was flat at 4.1%.

Average hourly earnings, an indicator of wage growth, slightly exceeded expectations. They were 2.7% higher than a year ago, up from an annual rate of 2.6% last month.

On Thursday, President Trump threatened to add an additional $100 billion in tariffs on Chinese goods on top of the previously announced $50 billion. Chinese officials quickly said that they would respond with proportional measures. Some people think that both sides are just attempting to gain leverage in trade negotiations and that the tariffs will never be imposed. If these actions result in a trade war, though, it likely would have multiple effects. One would be reduced global economic activity, which would be good for mortgage rates, as it would reduce the outlook for future inflation. However, tariffs also raise the price of imported goods, which would increase inflationary pressures. These offsetting factors make the overall impact on mortgage rates difficult to predict.

Looking ahead, the minutes from the March 21 Fed meeting will come out on Wednesday. These detailed minutes provide additional insight into the debate between Fed officials about future monetary policy. The Consumer Price Index (CPI) also will come out on Wednesday. CPI is a widely followed monthly inflation report that looks at the price change for goods and services. In addition, there will be Treasury auctions on Tuesday, Wednesday, and Thursday.

Napa Valley Stars Gala Auction...Our real estate community raising money for fire victims! Hosted by Mark Ibanez...anchor/reporter for KTVU.

Easter Sunday with Gena and "The Kids"!

"Thank you for always trusting in us to do the best for you and your family and please feel free to call me anytime you have questions. I will be happy to share with you whatever information you may need!"