Napa Mortgage News


US housing market needs more supply to tame prices according to research presented on CNBC.

U.S. home sales fell for a third straight month in June but a shortage of supply pushed up house prices to a record high, sidelining some potential buyers. Lawrence Yun from National Association of Realtors weighs in...CLICK HERE to get details.






















 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
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 or....if you are getting ready to list your home...what a reasonable value for your area would be.  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 for you and your family!
 
Strong Retail Sales 
 
It was a relatively quiet week for mortgage rates. The major economic data was mixed, and mortgage rates ended a bit higher. 

Consumer spending accounts for about 70% of economic activity in the U.S., and the retail sales data is a key indicator of growth. Retail Sales unexpectedly turned negative for three months during the winter, causing investors to question the strength of the economy. Since then, however, sales have been very strong. 
 
Monday's data showed a solid increase in June of 0.5% from May, and the May results were revised much higher to 1.3% from 0.8%, which was the largest monthly gain since September 2017. Given the strong retail sales data, along with other major reports, the Atlanta Fed's forecast for second quarter gross domestic product (GDP) is up to a whopping 4.5%, more than double the 2.0% growth seen in the first quarter.
 
The news from the housing sector was less encouraging. In June, housing starts fell 12% from May to the lowest level since September 2017. The decline was split roughly evenly between single-family and multi-family units. Single-family starts reached a 10-year high in November 2017, but they have fallen steadily since then. Despite a huge need for more inventory of homes in many regions, higher labor, land, and material costs are some of the reasons cited by homebuilders for the slowdown in new construction.
 
Looking ahead, Existing Home Sales will be released on Monday and New Home Sales on Wednesday. Durable Orders, an important indicator of economic activity, will come out on Thursday. The first reading for second quarter gross domestic product (GDP), the broadest measure of economic growth, will be released on Friday. In addition, a European Central Bank meeting on Thursday could influence U.S. mortgage rates. 
      
All material Copyright © Ress No. 1, LTD (DBA MBSQuoteline) and may not be reproduced without permission.
My Mothers 90th Birthday party in Grants Pass, Oregon was amazing! Three days of partying with family and old friends!  Thursday night was a BBQ at our rented house with pool, Friday Night a ride on the Hellsgate boat up to a Log Cabin Restaurant and Saturday her party at the golf course. 
I'd like to share a bit of it with you......

Emily DiGennaro 90th Birthday

 

"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!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group
O:707-252-2700  C:707-738-0878

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on July 27th, 2018 4:53 PM

In most areas of the U.S. and especially California...home values continue to increase!  Especially in the first half of this year.  And showing no signs of slowing soon.

Take a look at San Francisco area.....
(click picture)
san francisco golden gate bridge
The average price of a house bought in San Francisco rose by $205,000 in the first half of 2018, the largest six-month increase in history, according to MLS data compiled by local real estate agency Paragon. 

The average house in the city limits now costs $1.62 million. 

Condo prices also rose by $71,000, which is a significantly slower pace of change than in past years, but still comes in at a startling $1.21 million.






















 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
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 or....if you are getting ready to list your home...what a reasonable value for your area would be.  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 for you and your family!
 
Mixed Employment Data
 
The main influence on mortgage rates this week was Friday's Employment report which was viewed on balance as a little weaker than expected. The Fed minutes and the other data had just a minor impact. As a result, mortgage rates ended lower. 


Against a consensus forecast of 190,000, the economy gained 213,000 jobs in June. In addition, upward revisions added 37,000 jobs to the results for prior months. The economy has gained an average of 215,000 jobs per month so far this year, exceeding even the strong pace of 182,000 seen over this period last year. 
 
 
The unemployment rate increased from an 18-year low of 3.8% to 4.0%, above the consensus for a flat reading of 3.8%. There are two factors which influence the unemployment rate, and June's increase was due to a surge of workers entering the labor force rather than job losses, so this actually was viewed as a sign of strength. 
 
Average hourly earnings, an indicator of wage growth, fell slightly short of expectations. They were 2.7% higher than a year ago, the same annual rate of increase as last month. Overall, the shortfall in wage growth was viewed by investors as more significant than the strong job gains, and mortgage rates moved a little lower after the data.
 
The minutes from the June 13 Fed meeting released on Thursday contained no major surprises and caused little reaction for mortgage rates. Noteworthy, though, Fed officials discussed both upside and downside risks to the economy. They pointed to the recent tax cuts as a potential source of support for economic growth in coming years, but also the risk that increased trade tensions could slow future investment activity, which would be negative for the economy.
 
Looking ahead, the inflation data will get the most attention. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Wednesday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Thursday. CPI looks at the price change for finished goods and services. In addition, Treasury auctions on Wednesday and Thursday could influence mortgage rates. 
All material Copyright © Ress No. 1, LTD (DBA MBSQuoteline) and may not be reproduced without permission.
So many summer activies to enjoy right here in Napa!
"Napa City Nights".....Live music outside on the river every Friday Night.
I recently enjoyed that with my son Travis and then we headed over to The Blue Note to see John Hooker Jr.  Excellent....
My mother is returning from spending time with our family on the East Coast and has joined me for a few days of fun in the sun before heading back to Grants Pass, Oregon.
 She is celebrating her 90th this month!

 

"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!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group
O:707-252-2700  C:707-738-0878

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on July 21st, 2018 10:13 AM

Happy Fourth of July  
Independence day 2018!


July 4th 2018 Declaration of Independence
Do you know how many people from the US Continental Congress signed the Declaration of Independence?

for the answer!

We at Custom Lending Group, believe in independence and freedom. 
That's why we have stayed true to our convictions to represent our clients first and foremost...not the bank!

We know not everyone is used to dealing and negotiating with underwriters, banks and private lenders, but we do it each and every day. We love getting you the most competitive
rate and terms available, as well as consulting with you about the mortgage market.
 
Here's to Independence Day in America! 






















 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
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 or....if you are getting ready to list your home...what a reasonable value for your area would be.  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 for you and your family!
 
Quiet Week
 
There were few surprises in the data released this week or in the other economic news. It was a quiet week, and mortgage rates ended a little lower. 


One reason that the Fed has been raising the federal funds rate is that inflation has moved higher in recent months. The Fed's favored inflation indicator is the core PCE price index. After holding steady at levels close to 1.5% for nearly a year, core PCE has jumped over the last three months. Friday's release showed that core PCE in May was 2.0% higher than a year ago, the largest annual rate of increase since April 2012.
 
Gross domestic product (GDP) is the broadest measure of economic growth, and it gets revised multiple times as new information is collected. For the last several years, first quarter GDP has been weaker than the other three quarters for reasons upon which economists disagree. This trend appears set to continue in 2018, as the latest reading for the first quarter showed a small downward revision to 2.0%. Early estimates for second quarter GDP are much higher at around 3.5% to 4.0%. 
 
Recently released data revealed that the disparity between sales of previously owned homes and new homes continued in May. While contracts signed to purchase previously owned homes fell a little from April and were lower than a year ago, contracts signed to purchase new homes jumped 5% from April and were 14% higher than a year ago. A shortage of inventory of previously owned homes in many regions is clearly holding back sales.

Looking ahead, the important monthly Employment report will be released on Friday. As usual, these figures on the number of jobs, the unemployment rate, and wage inflation will be the most highly anticipated economic data of the month. Before that, the ISM national manufacturing index will be released on Monday, and the ISM national services index on Thursday. The minutes from the June 13 Fed meeting also will come out on Thursday. Mortgage markets will close early on Tuesday and will be closed on Wednesday. 
All material Copyright © Ress No. 1, LTD (DBA MBSQuoteline) and may not be reproduced without permission.
At Jenae's college orientation this week on the beautiful SFSU campus!
Its that time...

 

"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!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group
O:707-252-2700  C:707-738-0878

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on July 21st, 2018 10:09 AM

Dear Gena, 

In the "housing" news this week...
 
"US existing home sales fall for second straight month!"
  • Existing home sales fell in May.
  • The number of transactions was expected to increase.
  • This is the second straight month of declines.   CLICK HERE for all the details!
             
"Borrowers returning to mortgage market."
10:01 AM ET Wed, 20 June 2018
Mortgage application volume increased 5.1 percent last week from the previous week, according to the Mortgage Bankers Association. The rise came even as home borrowers have been dissuaded by interest rate volatility. The gain was driven by applications to refinance a home loan.
         
 

Cannes: How one city is capitalizing on big festivals
2:41 AM ET Fri, 22 June 2018
Cannes, France is home to some of the biggest festivals in the film and advertising industries, CNBC's Elizabeth Schulze reports about how the economic impact of these events goes beyond the main stage.





















 
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
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 or....if you are getting ready to list your home...what a reasonable value for your area would be.  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 for you and your family!
 
Housing Data 
 
After last week's packed economic calendar, this week there was virtually no significant news except for some housing market data. It was an extremely quiet week, and mortgage rates ended almost unchanged
   
In May, sales of previously owned homes decreased slightly from April, and they were 3% lower than a year ago. The inventory of previously owned homes for sale rose 3% from April to a 4.1-month supply, but it was 6% lower than a year ago. Even with the increase, inventory levels remain very low by historical standards and are holding back sales. A 6.0-month supply is considered a healthy balance between buyers and sellers. The median home price was 5% higher than a year ago.
 
In an encouraging sign, home builders may be helping to address the shortage of inventory. In May, housing starts jumped a stronger than expected 5% from April, to the highest level since July 2007. Both single-family and multi-family units rose by a comparable amount. Despite rising labor and lumber costs, builders appear to be eager to supply more homes to the markets. 
Looking ahead, New Home Sales will be released on Monday. Durable Orders, an important indicator of economic activity, and Pending Home Sales will come out on Wednesday. Core PCE, the inflation indicator favored by the Fed, will be released on Friday. In addition, Treasury auctions on Wednesday and Thursday could influence mortgage rates. 
 
Our last couple of days of Jenae's graduation trip to Cabo were amazing!

 

"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!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group
O:707-252-2700  C:707-738-0878

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on June 24th, 2018 9:01 PM

"Wishing fathers everywhere a very blessed day!" 

NINE EASY WAYS TO IMPROVE YOUR CREDIT SCORE!

While certainly no substitute for long-term financial responsibility, here are the easiest ways to raise your credit score.

1. Request a credit limit increase on existing accounts 
2. Apply for a new credit card to raise credit limit
3. Sign up for automatic payments
4. Check free annual credit report and dispute errors
5. Get a secured credit card
6. Monitor credit score monthly
7. Become an authorized user
8. Change payment due dates
9. Leave old accounts open
Read the full article with details HERE.





















 
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
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 or....if you are getting ready to list your home...what a reasonable value for your area would be.  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 for you and your family!
Focus on Central Banks 
 
The focus was on central banks this week. While the net impact of the U.S. Fed meeting was minor, the European Central Bank meeting was positive for global bond yields. As a result, mortgage rates ended the week a little lower. 
 
As expected, the Fed announced a 25 basis point federal funds rate hike at Wednesday's meeting. After the release of the Fed statement, investors focused on a small increase in the federal funds rate forecasts for 2018 and 2019 from the 15 Fed officials. This was viewed as hawkish, meaning in favor of tighter monetary policy. However, comments from Fed Chair Powell during his press conference later came across as more dovish than expected, meaning in favor of looser monetary policy. While there was some volatility following the meeting, the net effect on mortgage rates was small.
Since consumer spending accounts for roughly 70% of economic activity, the Retail Sales report is closely watched each month. Following the hurricanes, retail sales surged last fall, and the trend was expected to continue. They then turned negative for three straight months, leading to questions about the strength of the consumer earlier this year. 
 

On Thursday, the European Central Bank (ECB) announced that it will begin to wind down its bond purchases in September and will end them in December, which was anticipated. Investors were surprised, however, that officials said that the first rate hike will not take place until at least September 2019, later than expected. Global bond yields, including U.S. mortgage rates, moved lower after the news.
 
However, Thursday's release revealed that retail sales in May were much higher than expected, marking the third straight month of solid gains and further easing investor concerns about the economy.
Next week will be a light one for economic data. Housing Starts will be released on Tuesday. Existing Home Sales will come out on Wednesday. The Philly Fed regional manufacturing index will be released on Thursday.
 
Working remotely this week.......very remotely.....

 

"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!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group
O:707-252-2700  C:707-738-0878

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Posted by Dale DiGennaro on June 24th, 2018 8:54 PM

The good news is...homeowners have seen their equity increase 13.3 percent year-over-year in the first quarter of this year.
 
The average homeowner gained $16,300 in home equity between the first quarter of 2017 and the first quarter of 2018, with the greatest gains in California (an average of approximately $51,000 in home equity) and Washington (an average of approximately $44,000 in home equity).

On the flip side...Negative equity was recorded in 4.7 percent of all mortgaged properties during the first quarter, compared to 6.1 percent one year earlier.

"Home-price growth has accelerated in recent months, helping to build home-equity wealth and lift underwater homeowners back into positive equity the primary driver of home equity wealth creation," said Frank Nothaft, Chief Economist for CoreLogic.
"The CoreLogic Home Price Index grew 6.7 percent during the year ending March 2018, the largest 12-month increase in four years."

For the expanded version of this article which gets into today's lower rates, lender margins & House flipping...

What's the value of YOUR home?
 
(Using data from the Freddie Mac House Price Index (FMHPI), this tool can estimate the value of your home by considering the appreciation rate for your metropolitan area and your home's original purchase price and date. While the estimate may not be the actual or appraised value of your home, it can be a useful tool to size up fluctuations and trends in your market which affect your home's value.) 





















 
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
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 or....if you are getting ready to list your home...what a reasonable value for your area would be.  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 for you and your family!





Record Job Openings 



Following last week's stronger than expected labor market and manufacturing data, the reports released this week continued to suggest that the economy is growing at a solid pace. Since stronger economic growth raises the outlook for future inflation, mortgage rates ended the week higher. 
The JOLTS report measures job openings and labor turnover rates, and the Fed closely monitors this data. In April, job openings unexpectedly jumped to 6.7 million, a record high level. Of note, there were just 6.3 million unemployed people in the labor force that month. Until now, the number of job openings has never exceeded the number of job seekers since recordkeeping began in 2000. Investors will be watching closely to see if the tight labor market leads to a faster pace of wage increases, which would be inflationary and thus negative for mortgage rates.

The ISM national services index released this week also was stronger than expected as it increased to 58.7. Readings above 50 indicate an expansion in the service sector. Levels above 60 have been seen only a handful of times since this data began being tracked in the late 1990s.
 
Thursday was the most positive day for mortgage rates this week, but the reason was not clear. There was speculation that a large emerging market central bank was buying sizable amounts of U.S. bonds. Foreign central banks routinely buy and sell U.S. bonds to adjust the level of their currency reserves, so this explanation is plausible. Unfortunately, though, these transactions are not publicly disclosed, meaning that there is no way to confirm if this is what took place.

Next week will be packed with major economic news. The next U.S. Fed meeting will take place on Wednesday, and investors widely expect a 25 basis point federal funds rate hike. Then there will be a European Central Bank (ECB) meeting on Thursday. There has been speculation that the ECB will provide new guidance about the future of its bond buyingprogram. The major U.S. economic reports will be the Consumer Price Index (CPI) inflation data on Tuesday and Retail Sales on Thursday.


My daughter Jenae' graduated on Wednesday...a year early...and is off to
San Francisco State in fall!
 
The whole happy family was able to be there! 

               Tania & Jake (oldest son) in back, Travis (son) & Hannah and my mother!     
I am so grateful my mother Emily DiGennaro made it down from Oregon!
We are celebrating her 90th birthday next month!
    

 

"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!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group
O:707-252-2700  C:707-738-0878

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Posted by Dale DiGennaro on June 24th, 2018 8:47 PM

Dear Gena 
Solar homes are about to skyrocket under California's new Energy rules!
Currently, solar panels are installed on roughly 15,000 new homes and 135,000 existing homes in California each year, said Kelly Knutsen, technology advancement director for the California Solar and Storage Association, an industry group.

Under the new plan, builders likely will install solar on more than 100,000 new homes annually by 2020, Knutsen predicted - a six-fold jump. That will boost new solar-electric systems to around 235,000 a year on new and existing homes, a 56 percent increase overall.

The energy commission estimated the solar mandate would save the homebuyer an estimated $19,000 in utility costs over the life of a 30-year mortgage.

We currently have a few "Energy Efficient" type loan products available, and I am sure that since this decision was recently made...we will so more to come so feel free to call me for more information!
CLICK HERE FOR DETAILS





















 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
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 or....if you are getting ready to list your home...what a reasonable value for your area would be.  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 for you and your family!



 


 

Italy and U.S. Job Gains 
 
News from Italy was positive for mortgage rates this week. However, this was partially offset by stronger than expected U.S. labor market data. Mortgage rates ended the week a little lower. 
 
Italy has one of the largest economies in the European Union (EU). In recent years, Italy's economic growth has been below the average for the EU as a whole, and its unemployment rate has been higher than average. The newly formed coalition government is proposing some major changes to attempt to address these issues. In particular, it would like to reduce the government spending constraints imposed by EU rules. Investors are concerned that this will lead to an increase in Italy's already large budget deficit and that the risk has increased that Italy could one day exit the EU. The resulting uncertainty caused investors to shift to safer assets, including U.S. mortgage-backed securities (MBS), which helped push mortgage rates lower this week. 


By contrast, stronger than expected labor market data pressured mortgage rates a little higher on Friday. Against a consensus forecast of 190,000, the economy added 223,000 jobs in May. In addition, upward revisions added 15,000 jobs to the results for prior months. The economy has gained an average of a very healthy 207,000 jobs per month so far this year. 


The unemployment rate declined from 3.9% to 3.8%, the lowest level since 2000. Average hourly earnings, an indicator of wage growth, were 2.7% higher than a year ago, up from an annual rate of increase of 2.6% last month. 
 
Looking ahead, Factory Orders will be released on Monday. The ISM national services index will come out on Tuesday. The JOLTS report, which measures job openings and labor turnover rates, will be released on Wednesday. In addition, news about Italy could influence mortgage rates again next week. 

As we head into summerthere is aleady much going on in our community!  Graduation & award ceremonies, new babies, family visits, birthday's & of course BottleRock over memorial weekend to kick it off!

Jenae_ DiGennaro American Canyon High School
 My daughter Jenae' received the Senior award for being their 
"Director of Activities"!
Jenae_ DiGennaro 17th birthday at Dead Fish in Valejo_ CA
Jenae' & friends for 17th Birthday celebration at
Dead Fish in Valejo.


 

Tyler James King

 



Tyler James King was born.
My sister Lisa's 4th grandchild!
  
Dale DiGennaro at BottleRock 2018
Great seats for BottleRock this year on the Skydeck...as we watched the sea of people pour in!


Gena Pasquini with Charles Woodson of the Raiders _previously the Packers_
Gena with Charles Woodson formerly of the Green Bay Packers and now with the Raiders. He also has a winery in Napa.

 

"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!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group
O:707-252-2700  C:707-738-0878

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on June 5th, 2018 2:03 PM


On this memorial weekend...as you celebrate with friends & family...Lets all keep in mind that we live in the land of the FREE  because of the BRAVE! 
 
"Courage is the choice and willingness to confront agony, pain, danger, uncertainty, or intimidation. Physical courage is bravery in the face of physical pain, hardship, death or threat of death, while moral courage is the ability to act rightly in the face of popular opposition, shame, scandal, discouragement, or personal loss."
  
gena pasquini and Jenae_ DiGennaro at Arlington Cemetary
Arlington National Cemetary.
A reminder to give thanks for all our blessings...this weekend & everyday!
 
dale digennaro _ family with gena pasquini at adam digennaro_s gravesite. arlington cemetary
Visiting and missing dad.
He would always attend Memorial Day Services & tributes to those he fought along side of...
that didn't make it home.






















 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
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 or....if you are getting ready to list your home...what a reasonable value for your area would be.  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 for you and your family!






 
Geopolitical events related to Italy and North Korea were the primary influences on mortgage rates this week. The U.S. economic data mostly came in on target and caused little reaction. Mortgage rates declined from the seven-year highs reached last week. 

Italy formed a new government early this week, and the political parties in control of the coalition have changed significantly. The new leaders have shown little support for remaining in the European Union (EU). This does not mean that Italy will ultimately exit the EU, but the risk has certainly increased. On Friday, President Trump canceled the planned historic U.S. summit with North Korea. The uncertainty about the future of the EU and the relations with North Korea created by these events caused investors to shift to safer assets, including U.S. mortgage-backed securities (MBS). This additional demand for MBS helped push mortgage rates lower. 

The housing data released this week revealed that sales of both new and previously owned homes have held relatively steady each month so far this year. In April, sales of previously owned homes fell a bit from March, but they were close to the level seen a year ago. Sales of newly built homes also fell a little from March, but they were 11.6% higher than a year ago. The difference in annual performance was mainly due to the supply of homes on the market. The inventory of previously owned homes was at just a 4.0-month supply, 6.3% lower than a year ago. The inventory of new homes was at a much healthier 5.4-month supply, 12.4% higher than a year ago. 

Looking ahead, the important monthly Employment report will be released on Friday. As usual, these figures on the number of jobs, the unemployment rate, and wage inflation will be the most highly anticipated economic data of the month. Before that, the Core PCE price index, the inflation indicator favored by the Fed, will be released on Thursday. The ISM national manufacturing index will come out on Friday. Mortgage markets will close early on Friday in observance of Memorial Day.
soldier walking through Arlington Cemetary

 
Adam DiGennaro_s 12 gun solute and flag to Emily DiGennaro

My father, a decorated Marine, was honored with a 21 gun salute and flag ceremony at Arlington National Cemetary.

A very touching moment when they handed my mother the flag!

 

Click the link under the picture of the soldiers to see more details of Alan Wood and the famous picture of the raising of the flag on Mount Suribachi after 36 days of one of the bloodiest battles in history.

Mount Suribachi Flag
  
My father served three landings in the Marines and amazingly survived  the worst Marine battle in history for casualties. 
Iwo Jima.
He had been on the Island for  all 36 days and realized that he was given a gift when he came home.
This memorial....dedicated in 1954...stands at one of the gates to Arlington Cemetary.


                                

 

"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!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group
O:707-252-2700  C:707-738-0878

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on June 1st, 2018 2:25 PM

 

 

 

CLICK HERE for the Origin of Mothers Day and how the rest of the world honors their mothers.

 

My mother...Emily DiGennaro in her Easter Bonnet. 

 

Emily DiGennaro Easter 2018

With my Mum at Mumm!






















 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
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 or....if you are getting ready to list your home...what a reasonable value for your area would be.  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 for you and your family!


 


Inflation Falls Short
 
There was little major news this week and not much reaction to the economic data. Investors shifted some assets from bonds to stocks, and mortgage rates ended the week a bit higher. 
 
 
Perhaps the most widely followed inflation report is the Consumer Price Index (CPI), which looks at the price change for a basket of goods and services. Investors generally prefer to look at the core reading, which excludes the volatile food and energy components, to get a feel for the longer term trend.

 
In April, Core CPI increased 0.1% from March, below the consensus for an increase of 0.2%. Core CPI was 2.1% higher than one year ago, the same annual rate of increase as last month.
 
While it is rarely a market moving report, Fed officials pay close attention to the monthly JOLTS data to help determine the strength of the labor market. JOLTS measures job openings and labor turnover rates. In March, job openings jumped to 6.55 million, which was a record high level. An increase in job openings is viewed as a sign of strength in the labormarket, since it indicates that companies are interested in hiring but the pool of unemployed workers is not large. 
 
Looking ahead, Retail Sales will be released on Tuesday, and it will be the biggest report of the week. Consumer spending accounts for about 70% of economic activity in the U.S., and the retail sales data is a key indicator. Industrial Production, another important indicator of economic activity, and Housing Starts, will come out on Wednesday. 




With Congressman
Mike Thompson.


Congressman Sean Duffy from Wisconsin addressing our groupregarding current leadership, expectations and the direction he feels we are moving in.  Duffy serves on the House Committee on Financial Services.
 



In the halls of Congress...waiting for our next meeting.  George Tribble & George Duarte both brokers in the East Bay.


California was represented by 16 of us from all over the state.
                                  









Meeting with Congressman John Garamendi and Congressman Jared Huffman (below).

Congressman Jared Huffman _ Dale DiGennaro

 

"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!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group
O:707-252-2700  C:707-738-0878

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Posted by Dale DiGennaro on June 1st, 2018 2:06 PM













 

On Monday & Tuesday, I will be in Washington DC for Congressional meetings to discuss some of the issue's in mortgage lending that we would like to see changed.  One of them is known as Trigger Leads.  This has most likely affected you but you were not aware at that moment!

 

Have you noticed that whenever your credit is pulled for the purchase of something....i.e......new car, home or investment property....you suddenly start getting phone calls and solicitations from companies you don't even know?

 

This is because the three national credit bureau's...Experian, Transunion and Equifax are selling these leads (known as "Trigger Leads") to competing companies! And....Trigger Leads are created and sold super fast...often within just 24 hours of your credit report being pulled!

 

This allows those competitors to call you and solicit your business before you get locked into the lender to whom you've applied. So, out of the blue your phone starts ringing and suddenly your the target of a pitch from a competitor offering a deal that may be real, deceptive or no better than the one you've already been quoted!  Causing a lot of confusion for you.

 

Enough of these lead-driven offers are deceptive that our industry group, The National Association of Mortgage Brokers (NAMB), will be campaigning on Capitol Hill this week for an outright ban.  As a group we feel that trigger leads sold by the national credit bureau's inevitably expose borrowers to identity theft, disrupt on-going mortgage transactions and open the door to a wide range of unscrupulous come-ons.

 

To illustrate the problem, Meridian Home Mortgage, a Maryland lender, recently posted a recording of a voicemail that they say was an actual trigger lead call to a borrower. The caller "misrepresents who he is, where he is calling from and even the purpose of the call", Meridian said.

 

Click Here to know what to watch out for.

 










 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
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 or....if you are getting ready to list your home...what a reasonable value for your area would be.  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 for you and your family!



Quiet Week
 


Despite a wide range of major economic news, it was a very quiet week for mortgage rates. The key labor market report, the inflation data, and the Fed meeting caused little reaction. Mortgage rates ended the week nearly unchanged
 
 
The economy added 164,000 jobs in April, below the consensus for an increase of 190,000. However, upward revisions added 30,000 jobs to the results for prior months, bringing the net gains very close to the expected levels. The unemployment rate declined from 4.1% to 3.9%, below the consensus of 4.0%, and the lowest level since December 2000. 

There are two factors which influence the unemployment rate, and the decline was mostly due to workers leaving the labor force rather than job gains, so it was not viewed as a sign of strength. Average hourly earnings, an indicator of wage growth, fell slightly short of expectations. They were 2.6% higher than a year ago, the same annual rate of increase as last month. Overall, the modest weakness in wage growth tilted investors to view the report as a little weaker than expected.
 
As widely expected, the Fed made no change to the federal funds rate on Wednesday. The statement released after the meeting noted that inflation has moved "close to 2 percent" and that officials expect it to run near the Fed's "2 percent objective over the medium term." The meeting caused little change in investor expectations for the pace of future rate hikes. 
 
The Fed's comments regarding inflation were supported by the most recent reading of their favored inflation indicator, which matched investor expectations. The core PCE price index released on Monday revealed that inflation in March increased at an annual rate of 1.9%, up from an annual rate of 1.6% last month. This was the highest reading since February 2017. 
Looking ahead, it will be a light week for economic data. The JOLTS report, which measures job openings and labor turnover rates, will come out on Wednesday. The Consumer Price Index (CPI) will come out on Thursday. 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. 
 
  Spent the past few days in Orlando at the Wide World of Sports Complex at Disney to see my daughter Jenae' compete in the International Cheerleading Competitions.  I did get to take in a little music at the House of  Blues too!
 
 One of my clients, Gordon Huether...is an amazing artist!  He had an open house a few weeks ago.    

       He was presented with honors by city officials...including Major Jill Techel & Senator Bill Dodd. 
                                  
nullSenator Bill Dodd at Gordon Huether's Art Gallery Open House.

 

"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!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group
O:707-252-2700  C:707-738-0878

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on May 22nd, 2018 5:42 AM

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