Napa Mortgage News

Home Value & Time to Refinance...Happy Easter

March 26th, 2016 1:54 PM by Dale DiGennaro

Your home value & daily rate fluctuations!

With the market today being as volatile as it is.....and home prices increasing more in certain area's than others....its hard to know where we fit in and if it makes sense to refinance at this point and time! We have a couple of tools on our website to assist you in this decision making process! Below you will see the "Daily Rate Lock Advisory" tool which will assist you in knowing when the best time is to lock in a loan. In addition, our "Home Price Index" will take into consideration your original purchase price & date of home purchase to determine... according to the appreciation rate for the region you live in...whether it is a good time for you to refinance now. You can also sign up to receive a quarterly report of your homes value based on the up to date analysis of your region.

Just a couple of ways that Custom Lending keeps you informed of our changing market place so you can make the best financial decisions!

VISIT OUR WEBSITE

DAILY RATE LOCK

Wednesday, March 23th | Get Full Report

	6/32

BONDS

30 yr - 1.92%

	16

DOW

17,565

	21

NASDAQ

4,799

A few factors potentially impacting mortgage rates right now include:

New Home Sales
Durable Goods Orders
Weekly Unemployment Claims (every Thursday)

CLICK HERE to sign up and Get the full report (daily or weekly) on how these factors could influence your mortgage rate and suggestions on when to lock.

Fed Officials Split

Ahead of the holiday weekend, this week's economic data contained few surprises, and the attacks in Brussels had little impact on U.S. financial markets. As a result, mortgage rates ended the week with little change.

At the Fed meeting on March 16, nine Fed officials voted in favor of holding the federal funds rate steady and just one supported a rate hike. Fed Chair Yellen suggested that the Fed should proceed cautiously in tightening monetary policy to see the effect of overseas weakness on the U.S. economy.

Since the meeting, however, several Fed officials have supported tighter monetary policy, sending a mixed message to investors. These officials feel that the performance of the U.S. economy may justify a rate hike as soon as the next Fed meeting on April 27. Investors will be closely monitoring comments from other Fed officials to determine how much support there is for these more hawkish views.

The headline numbers for February home sales released this week were mixed. Sales of existing homes fell 7% from January, while sales of newly built homes showed an increase of 2%. The details show that the fall in existing home sales was from an elevated January level, and the rise of new home sales was from an unusually low

level in January.

Both measures have been volatile lately. An average of home sales over a multiple month period provides a clearer picture of the underlying trend, and the three-month average has shown steady improvement over the last few months.

Looking ahead, mortgage-backed securities (MBS) markets will be closed tomorrow for GoodFriday. Next week, the important monthly Employment report will be released on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month. Before that, Pending Home Sales and Core PCE inflation will be released on Monday. The ISM national manufacturing index will come out on Friday.

Easter in the Napa Valley!!

Cheers!!

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