Napa Mortgage News

 

 

 

 

This morning my daughter and I...along with her good friend Madison and my Kiwanis club of Greater Napa...spent time picking up trash along the roadside as a community service.

 

 

Speaking of community.....did you realize that there are funds available from various sources to assist in the purchase of a home?

 

 

A Community Seconds loan may provide the necessary funds for all or part of the down payment, closing costs, and property renovations.

 

 

To be eligible, Community Seconds funds must be provided by a federal agency; a municipality; state; county; state or local housing finance agency; nonprofit organization or employer.

 

Programs available even up to 105% cltv! 

 

Feel free to call or e-mail for more information.

 







 

 

 

 

_____________________________________________________________________________

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!

 

 

                                              

 

Little Reaction to Big

 Events

             

 

 

 

 

 

 

 

During a light week for economic reports, investors were focused on three big events. There was little reaction to the events, however. For the first time in a month, mortgage rates ended the week a little higher, rising from the best levels of the year.

  

Three events on Thursday had the potential to significantly affect mortgage rates. However, none of the three caused much reaction. In the U.S., the testimony of former FBI director James Comey did little to change expectations for the investigation of the Trump administration's dealings with Russia. In Europe, the European Central Bank (ECB) made no change in policy, and there was no additional guidance provided about the timing for a reduction in bond purchases. The third event did produce a surprising result, but it still had little impact on U.S. markets. In the election in the United Kingdom, Prime Minister Theresa May's party unexpectedly failed to gain a majority in Parliament. This will weaken her position in the upcoming negotiations for the British exit from the European Union.

 

  

 

On Tuesday, the Bureau of Labor Statistics released the JOLTS (job openings and labor turnover rates) report. Fed Chair Yellen has described this data as being very useful in evaluating current labor market conditions. It revealed that job openings in April rose to a record high level and that the quits rate held steady at an elevated level of 2.1%.

  

Both readings are viewed as signs of a strong labor market. A high quits rate is viewed as a signal of strength because workers are more likely to leave their jobs willingly when they are confident about their ability to get another one.

 

  

Looking ahead, Wednesday will be the big day next week with a Fed meeting, Retail Sales, and CPI. Investors widely expect a federal funds rate hike from the Fed, and they will be looking for guidance about future monetary policy. Consumer spending accounts for about 70% of economic output in the U.S., and the retail sales data is a key indicator. The Consumer Price Index (CPI), a widely followed monthly inflation report, looks at the price change for goods and services which are purchased by consumers. After that, Housing Starts will come out on Friday.

 

 

 

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

dale@clgroup.net

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

 

 

Sent by dale@clgroup.net in collaboration with

Posted by Dale DiGennaro on June 15th, 2017 4:09 PM

 

 

 

Dear Gena, 

 

Most of us know and/or participate in at least some of the traditional observance of Memorial Day!

As it goes....the flag of the United States is raised briskly to the top of the staff and then solemnly lowered to the half-staff position, where it remains only until noon. It is then raised to full-staff for the remainder of the day.

Once known as "Decoration Day"...Memorial Day observances in small New England towns are often marked by dedications and remarks by veterans, state legislators, and selectmen.

 

The half-staff position remembers the more than one million men and women who gave their lives in service of their country. At noon, their memory is raised by the living, who resolve not to let their sacrifice be in vain, but to rise up in their stead and continue the fight for liberty and justice for all.

 

The National Memorial Day Concert takes place on the west lawn of the United States Capitol. Music is performed, and respect is paid to the men and women who gave their lives for their country.

 

For many Americans, the central event is attending one of the thousands of parades held on Memorial Day in large and small cities all over the country. Most of these feature marching bands and an overall military theme with the National Guard and other servicemen participating along with veterans and military vehicles from various wars.

 

One of the longest-standing traditions...is the running of the Indianapolis 500, an auto race which has been held in conjunction with Memorial Day since 1911. It runs on the Sunday preceding the Memorial Day holiday. NASCAR's Coca-Cola 600 has been held later the same day since 1961. The Memorial Tournament golf event has been held on or close to the Memorial Day weekend since 1976. The final of the NCAA Division I Men's Lacrosse Championship is currently held on Memorial Day.

 

In 2000, Congress passed the National Moment of Remembrance Act, asking people to stop and remember at 3:00 pm.

 

But.....around the world there are many variations of this holiday and how it is commemorated....CLICK HERE to learn more.

 







 

 

 

_____________________________________________________________________________

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!

 

                                                                 

            

 

 

 

  

  

Fed Minutes Reveal Plan

  

 

With few new political headlines or major surprises in the economic data, it was a quiet week. Wednesday's release of the Fed minutes was the biggest market mover, but those gains were offset by small losses on other days. Mortgage rates ended the week with little change.

  

Wednesday's release of the detailed minutes from the Fed meeting on May 3 said that Fed officials expect to raise the federal funds rate again "soon." To explain the need for the rate hike, they said that they viewed the slow economic growth during the first quarter as "transitory." Fed officials also expect inflation to gradually rise. This information was in line with the Fed statement on May 3 and recent comments from Fed officials.

  

The minutes did contain new information about the Fed's plan to reduce the $4.5 trillion of mortgage-backed securities (MBS) and Treasuries on its balance sheet. The plan calls for a gradual reduction by no longer reinvesting all of the principal payments received. The amount that will not be reinvested will be announced in advance and will increase over time on a fixed schedule. Although many questions remain unknown, investors were pleased to see a plan which is intended to minimize disruptions to the market, and mortgage rates improved slightly after the minutes were released.

 

 

 

On Friday, the first revision to first quarter Gross Domestic Product (GDP) showed an increase to 1.2% from the original estimate of 0.7%. GDP is the broadest measure of economic growth. First quarter GDP has been coming in at low levels in recent years, so these weak results were not surprising. Early estimates for second quarter GDP are for much stronger growth of around 3.0%.

 

 

 

Looking ahead, 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, the Core PCE price index, the inflation indicator favored by the Fed, will be released on Tuesday. The ISM national manufacturing index will come out on Thursday. Mortgage markets will be closed on Monday in observance of Memorial Day.

  

 

 

 

 

 

 

 

 

 

 

 

 

I am spending my Memorial Weekend at

BottleRock!

I have seen Maroon 5, Tom Petty, Mavis Staples and many other talented musicians. Not to mention Chef Morimoto, Charles Woodson and others on the Culinary stage.

The most amazing experience is navigating through the thousands of people that end up in this one area we call our fairgrounds. 

Here is a beginning, during & after look!

 

Early in the day!

 

 

 

 

 

 

 

During......

 

 

 

 

 

 

 

 

 

After.....I would hate to be on clean up_

After.....I would hate to be on clean up!

 

 

"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

dale@clgroup.net

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

 

 

Sent by dale@clgroup.net in collaboration with

Posted by Dale DiGennaro on June 15th, 2017 3:50 PM

Dear Gena, 

"Does it make sense for me to refinance my mortgage right now?"
refinance today



That is a question that many people ask themselves...not really certain if its worth it for them.  The obvious reason is most typically for a lower rate, but there are other reasons that may make sense for your particular situation as well.  Here are a few of them courtesy of Fox Business News.










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!
                                                                  
            




 
 

 
Political Uncertainty
 
Growing political uncertainty was good for mortgage rates this week. Recent economic data had little impact. Mortgage rates ended the week near the best levels since before the November Presidential election.
 
Following the election of Donald Trump, the stock market rallied and mortgage rates rose. They did so based on pro-growth policy changes planned by President Trump. On Wednesday, allegations of Trump's interference in an FBI investigation gave investors reason to question the President's ability to implement these changes. Investors reacted to the resulting political uncertainty by selling stocks and buying bonds, including mortgage-backed securities (MBS). This added demand for MBS was good for mortgage rates. 
Tuesday's report on housing starts contained mixed news. Overall housing starts in April declined 3% from March, which was well below the expected levels. However, this was due to weakness in the volatile multi-family segment. Single-family housing starts increased slightly in April. Also, Monday's NAHB housing index showed that home builder confidence surprised to the upside in May and remains at very high levels. 
 
Looking ahead, political news may continue to influence mortgage rates. Beyond that, New Home Sales will be released on Tuesday and Existing Home Sales on Wednesday. The second estimate of first quarter GDP and Durable Orders will come out on Friday. In addition, there will be Treasury auctions on TuesdayWednesday, and Thursday




 

 

My daughter Jenae' ( on the right) had her Junior Prom last weekend!

With her "sweet 16" fast approaching....I am reminded
how fast the time goes by!

Jenae_s prom




















"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

"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 20th, 2017 9:53 PM
Posted by Dale DiGennaro on May 20th, 2017 9:49 PM

Dear Gena, 

Millions of Consumers Will See a Boost to Their Credit Scores!
 
If you've been dealing with a low credit score due to a tax lien, civil judgment, or similar negative item being reported, we have some good news for you!

 Starting this summer, millions of Americans will be getting a credit score boost...even if they haven't paid down debt and don't have any other obvious reason for the increase. 

Its going to happen automatically on July 1st, 2017 due to the fact that Equifax, Experian, and TransUnion are changing their rules on reporting, as it pertains to serious tax liens, civil judgments, and other similarly reported items.  This is going to result in a score increase for many consumers. They will adhere to these new rules on reported accounts that don't have the consumer's complete data.  And...in this case it won't be reportable by the credit bureaus.

Under the new rules, if a tax lien or civil judgment doesn't have the complete full name, date of birth, address, and Social Security number of the consumer, the credit bureaus will remove these items from credit reports.

The good news.....as reported by The Consumer Data Industry Association, or CDIA, the trade organization that represents Equifax, Experian, and Trans Union, is that the nation's three largest credit bureaus have voluntarily agreed to remove any tax liens or civil judgments that are missing this complete information.











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!
                                                                  
            







Fed Holds Steady
 
Wednesday's Fed meeting was viewed as slightly negative for mortgage rates. The success of Macron in holding his lead in the polls for the upcoming French election also was unfavorable. Friday's Employment report had little impact. As a result, mortgage rates ended the week a little higher.
 
As expected, the Fed made no change in the federal funds rate at Wednesday's meeting. There also was no change in the language describing the Fed's policy for maintaining a steady level for its large portfolio of Treasuries and MBS. According to the statement, Fed officials see the risks to the outlook for economic growth as "roughly balanced," and they expect inflation to climb to its 2.0% target over the medium term. Fed officials think that the weak economic growth seen early this year likely was "transitory." Some investors had hoped that the weaker data over the last couple of months might cause the Fed to consider slowing its pace of tightening. The statement provided no indication of this, however, which was negative for mortgage rates. 
 
The pro-EU candidate in Sunday's French Presidential election, Macron, cleared his largest remaining hurdle on Wednesday when he performed well in a debate. Over the past week, he has held a lead of roughly 60% to 40% over the anti-EU candidate, Le Pen. After the debate, investors grew less concerned that France could exit the European Union (EU). They reacted by shifting back to riskier assets such as stocks, and away from safer assets such as mortgage-backed securities, causing a slight increase in mortgage rates. 
 
Friday's important Employment report came in right on target and had little effect on financial markets. Against a consensus forecast of 190K, the economy added 211K jobs in April. The unemployment rate declined from 4.5% to 4.4%, below the consensus forecast, and the lowest level since May 2007.
 
Looking ahead, the final round of the French Presidential election will take place on Sunday. In the U.S., the big day will be Friday with the Retail Sales and CPI reports. Consumer spending accounts for about 70% of economic output in the U.S., and the retail sales data is a key indicator. The Consumer Price Index (CPI), a widely followed monthly inflation report, looks at the price change for goods and services which are purchased by consumers. In addition, there will be Treasury auctions on TuesdayWednesday, and Thursday
 




 

 

In the midst of a very busy week...I had the opportunity to join Realtors from all over the state to lobby at the capital in Sacramento!





It was an amazing day!  We got to HEAR what our Governor Jerry Brown had in store for the housing industry... as well as BE HEARD by Senator Bill Dodd and others we had meetings with, so we could  share what changes need to take place so housing is more attainable for all!

Governor Jerry Brown
Michelle Velez _ Dale DiGennaro
Michelle Velez....G.A. chair for the National Association of Mortgage Professionals
C.A.R. meeting with Senator Bill Dodd
Meeting with Senator Bill Dodd



"













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

"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
Sent by dale@clgroup.net in collaboration with
Constant Contact
Posted by Dale DiGennaro on May 6th, 2017 8:42 PM

Dear Gena, 

I Spent the week in Washington D.C. with the National Association of Mortgage Professionals,  meeting with our Congressmen and women in our ongoing quest for an easier and faster lending experience while maintaining protection for our clients.
(see pics below)

I happened to be there for my birthday and it appears that I share my birthday month with Melania Trump.  Part of our group ran into President Trump and his family at a nearby hotel celebrating.  He was very friendly and cordial.

Donald Trump celebrating Melania_s birthday











Keeping with the theme of "easier lending process", if you are considering purchasing a new home you can now...

LOCK...while rates are at their best which gives you time to...
SHOP...around for the perfect home knowing you are approved...
DROP...and if rates are better once you find that home...your rate          will go down to the current market rate!










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!
                                                                  
            







Europe Influences U.S. Markets
 
Over the past week, mortgage rates were influenced mainly by events in Europe. The outcome of Sunday's French election was bad for mortgage rates, while Thursday's European Central Bank meeting was mildly positive. The U.S. economic data had little impact. Mortgage rates ended the week a little higher.
 
One pro-EU candidate (Macron) and one anti-EU candidate (Le Pen) won the first round of Sunday's French Presidential election and will compete in the second round on May 7. Polls indicate that Macron is heavily favored to win the second round, which reduces some concerns that France will leave the European Union. Investors reacted by reversing the flight to safety trade which took place ahead of the election. This means that they shifted back to riskier assets such as stocks and out of safer assets such as mortgage-backed securities (MBS). The increased supply of MBS caused mortgage rates to rise.
 
At Thursday's meeting, the European Central Bank (ECB) made no policy changes, as widely expected. The tone of ECB President Draghi was more dovish than anticipated, however. Some investors had worried that ECB officials might hint at a reduction in bond purchases by the ECB. The fact that they did not was good news for mortgage rates. 

The first reading for 
first quarter U.S. gross domestic product (GDP) released on Friday was 0.7%, below the consensus of 1.1%, and down from 2.1% in the fourth quarter of 2016. This was the slowest quarterly growth in three years. Weak consumer spending and a decline in inventories were a couple of the primary factors in the shortfall. 
 
These components are volatile on a quarterly basis, and many economists believe that the weakness in the first quarter simply pushed some economic activity into later quarters. As a result, the report had little impact on mortgage rates. 
 
Looking ahead, it will be a packed week. The next Fed meeting will take place on Wednesday. No change in rates is expected, but investors will be eager for guidance on the pace of future tightening. The key monthly Employment report will be released on Friday. Before that, important data on inflation, manufacturing, and services will be released. In addition, news about policies from the Trump administration or about the French election on May 7 could influence mortgage rates.






 

 

Congresswoman Nancy Pelosi
Congresswoman Nancy Pelosi's office
Congressman Mike Thompson_s office
Congressman Mike Thompson's office 

We had 
appointments with many of the Congresswomen and men in Northern CA but sometimes met with their staffers since most were just coming back to D.C. after spring break.


All in all it was a success, they listened to the issues                                             and asked how they could help.

We need both democrats and republicans to sign onto many of our bills to make positive changes to the housing & lending industry.

Congressman Jared Hoffman_s office
Congressman Jared Huffman's office


"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

"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 April 29th, 2017 3:31 PM

Dear Gena, 

Have a very enjoyable day with family and friends!












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!
                                                                  
            







Lowest Levels of Year
 
A wide range of news was positive for mortgage rates this week, and it far outweighed the relatively minor unfavorable influences. As a result, mortgage rates ended the week lower, at the best levels of the year.
 
Investors grew more concerned about the conflicts in Syria and North Korea this week. Their response was to seek relatively safer investments, including mortgage-backed securities (MBS). Since mortgage rates are set based on MBS prices, the added demand for MBS was good for rates.
 
A similar reaction was seen when the latest polls in the French election showed gains for candidates who favor leaving the European Union (EU). The first round of the French election will take place on April 23, and the second round occurs a couple of weeks later. If the winner seeks a French exit from the EU, it could lead to major changes in Europe. The potential for this to happen caused investors to shift to safer assets. 
 
Comments from President Trump also were positive for mortgage rates this week. On Wednesday, Trump said that the U.S. dollar is "getting too strong" and that he likes "a low-interest rate policy." Since Trump appoints the Fed Chair, his support for looser monetary policy caused mortgage rates to decline.
Despite the global uncertainties around the world, recently released data showed that U.S. consumer sentiment remained at the elevated levels seen since the election. The preliminary reading for the consumer sentiment index from the University of Michigan rose to 98, above the consensus of 97, and the second highest level in years. 
 
Looking ahead, geopolitical events could influence U.S. markets at any time. In the U.S., the NAHB housing confidence index will come out on Monday. Housing Starts and Industrial Production will be released on Tuesday. Existing Home Sales will come out on Friday.
 





 

 


Dale DiGennaro_ Jenae_ DiGennaro_ Nick Pasquini



A great "spring break" day at ATT Park with my daughter Jenae', Gena and her son 
Nick!











Giants game ATT Park





"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

"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 April 29th, 2017 3:26 PM

Dear Gena, 

The Cash-Out Craze is On!

The sharp rise in home prices has generated an interesting side-effect. 
Many homeowners have gained equity even though they have only owned the home for a few years. They are now tapping that equity at the fastest rate in eight years
Even more unexpected, one of largest groups pulling out cash is millennials. Many are choosing HELOCs but others are simply refinancing. Cash-out refinances accounted for nearly half of all refinances in the last quarter of 2016. 
With rates up a bit, some believe the cash-out boom will die off, but at this time there are still plenty of people who want some cash as reported HERE by CNBC.

Millennials Tap Into Home Equity










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!
                                                                  
            






Disappointing Job Gains


A wide range of news was positive for mortgage rates this week. Hawkish comments from the Fed were the only significant unfavorable influence. As a result, mortgage rates ended the week lower, near the best levels of the year.
 
Friday's key Employment report showed that the economy added just 98,000 jobs in March, well below the consensus forecast of 180,000. It appears that the weather had a larger than anticipated effect over the last two months. Incredibly warm weather likely boosted the results in February, while a severe storm seems to have slowed hiring in March.
 
For example, the construction industry added 59,000 jobs in February but just 6,000 in March. The average job gains over the last three months remained at a strong pace of 178,000. Since slower economic growth reduces the outlook for future inflation, the downside miss in the March data was good for mortgage rates. 
 
Two other events also were positive for mortgage rates this week. On Wednesday, House Speaker Paul Ryan said that tax reform will take longer to accomplish than reforming health care. Tax reform was expected to be inflationary, so a slower pace for implementation is good for mortgage rates. Thursday night, the U.S. launched a missile strike in Syria. In response, investors shifted to relatively safer assets, including mortgage-backed securities (MBS). Added demand for MBS helped mortgage rates.
 
The primary negative influence for mortgage rates this week was the hawkish tone of Wednesday's minutes from the March 15 Fed meeting. According to the minutes, if the economy performs as expected, Fed officials expect to begin to reduce the Fed's massive $4.5 trillion holdings of MBS and Treasuries before the end of 2017. This would be earlier than had been expected by investors. Added demand for MBS from the Fed has helped push mortgage rates lower in recent years. As a result, investors pushed mortgage rates higher due to the possibility that Fed demand will begin to drop this year.
Looking ahead, investors will be keeping a close eye on events in Syria. In the U.S., mortgage markets will be closed on Friday in observance of Good Friday, but that will be the big day for economic data with Retail Sales and the Consumer Price Index (CPI). Earlier in the week, the JOLTS report will be released on Tuesday, and the Producer Price Index (PPI) will come out on Thursday. In addition, there will be Treasury auctions on TuesdayWednesday, and Thursday
 




 

 

The Kiwanis Famiily House in Sacramento



My Greater Napa Kiwanis Chapter took a road trip to Sacramento last weekend to assist in cleaning up and beautifying the "Kiwanis Family House".  It is used by families whose children are in the hospital so they can stay close by and not have an added expense.

"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

"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 April 7th, 2017 5:16 PM

Dear Gena, 

Higher credit scores are on the way, thanks to new standards!


"Credit reporting and scores play a key role in Americans' daily life.  The process can determine the interest a consumer is going to pay for credit cards, car loans and mortgages...or whether they will be able to get a loan at all!"


A recent report by the CFPB, listed some discoveries they made  with the credit reporting agencies practices.  (Along with the report came millions in fines.)  Because of this action, the big three credit reporting agencies have begun to fix systems so credit reporting is more accurate, which can in turn raise consumers scores.

Check out this article on CNBC which describes how the big three credit reporting agencies are improving the accuracy of data which will assist in raising your score.
 









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!
                                                                  
            






Consumers Remain Highly Confident
 
There were two main influences on mortgage rates over the past week. The canceled vote on the health care bill was positive for mortgage rates, while an impressive rise in consumer confidence was negative. The offsetting effects resulted in mortgage rates ending the week a little lower.
 
Last week, President Trump was unable to gather enough votes to pass the health care bill and the vote was canceled late Friday afternoon. This increased investor concerns about Trump's ability to deliver his business friendly policy changes in other areas. Policies which stimulate growth are good for the economy, but they raise the outlook for future inflation. Investors had pushed mortgage rates higher in anticipation of his policy changes. As a result, reduced expectations were good for mortgage rates. 

                                 Tuesday's report on Consumer Confidence                                                                from the Conference Board showed an enormous                                                            increase to the highest level in a decade. Solid                                                               gains were seen in optimism about both present and                                                      future economic conditions. Higher confidence levels                                                      generally lead to increased future economic activity,                                                       so this data was broadly applauded, but it was not 
                                                good for mortgage rates.
 
Encouraging news in the housing sector continued this week. In February, the Pending Home Sales index rose 5.5% from January to the second best level in a decade. There are two reports each month which measure sales of previously owned homes. The report on sales of existing homes measures closings during the month, while pending sales measure contracts signed, making the Pending Home Sales data a leading indicator of future closings.
 
Looking ahead, 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, the ISM national manufacturing index and Construction Spending will be released on Monday. The ADP Employment Change and the ISM national services index will come out on Wednesday
 




 

 


Continuing Education for 2017!
Our North Bay, California Association of Mortgage Professionals Chapter,
sponsored David Luna, Mortgage educator to get our 8 hour class done this week in
Petaluma.


North Bay Chapter of CAMP NMLS C.E. class
                     

"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

"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 April 2nd, 2017 11:20 AM

Dear Gena, 

The good news this week is that mortgage rates continue to improve!  
The spring housing market has started early this year and it most likely has something to do with low inventory of homes on the market right now.
So if you are considering selling your home......now is a great time!

CNBC recently shared this update.....

Housing Drought in U.S.
 
If you need a referral to a reputable listing agent or a pre-approval for a new home...feel free to call anytime or visit us online to get your questions answered.









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!
                                                                  
            







Rates Improve Again
 
Over the past week, concerns increased about President Trump's ability to deliver pro-growth policy changes as quickly as expected. This was favorable for mortgage rates. The economic data had little impact. Mortgage rates again ended the week lower.
 
Since the election, stocks have performed very well, while bonds yields have risen. This was due to expected policy changes under the Trump administration which would boost economic growth. Stronger growth is good for the economy and for stocks, but it raises the outlook for future inflation, which is negative for mortgage rates. Over the past week, President Trump encountered resistance to a health care bill. This increased investor concerns about the ease with which Trump will be able to deliver his pro-growth policy changes in areas such as tax cuts, deregulation, and infrastructure spending. As investors questioned whether the policies might be smaller in scale or might take longer to implement, some of the "Trump Trade" reversed this week, which was good for mortgage rates. 
                                                  The housing sector data released this week                                                                                                    revealed that home sales activity remained at                                                                                                very good levels. New homes sold in February                                                                                                 rose to the best level in months. Sales of previously                                                                                       owned homes did slip from January's strong pace,                                                                                       but according to the National Association of Realtors,                                                                                   this was due to a shortage of inventory in many regions. 

Demand remained very strong. The median time properties were on the market fell to just 45 days in February, down from 59 days last year at this time. 
 
Looking ahead, the outcome of the health care bill vote scheduled for late Friday afternoon might influence mortgage rates. After that, Pending Home Sales will be released on Wednesday. The core PCE price index and Personal Income will come out on Friday. Core PCE is the inflation indicator favored by the Fed. In addition, there will be Treasury auctions on Monday, Tuesday, and Wednesday. There will be Fed speakers every day next week as well. 






 

 


Jenae_ _ Noah
My daughter Jenae' and bf Noah raising money for American Canyon H.S.
      
     
                     

"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

"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 April 2nd, 2017 11:16 AM

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