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My Kiwanis Club, along with about 65 other people and Supervisor Ryan Gregory
were up at Enchanted Hill, Light House for The Blind this past Saturday for a work party!
sealed some benches at the amphitheater we had previously built
(thankfully only 2 burned in the fire last year) and helped cook lunch for all
(I managed to keep all my hair).. All in all a Great Day!
Working the grill
The Kiwanis Club of Napa
The club at
VISIT OUR WEBSITE
THINKING OF SELLING OR EVEN DOING A REFINANCE...
"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
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
keeps you informed of our changing market place so you can make the best financial decisions for you and your family!
The big news this week was a major selloff in the stock market, with the Dow down more than 1,000 points. Normally that would be positive for mortgage rates, but this time the impact was minor. Weaker than expected inflation data was mildly positive, and mortgage rates ended slightly lower, but remain near their highest levels in many years.
It is common to see mortgage rates fall when the stock market declines, and vice versa, but this is not always the case. It depends on the reason for the movement. Most of the time, the cause is shifting expectations for economic growth based on newly released data. Stronger growth is good for stocks, but it raises the outlook for future inflation, so it is negative for mortgage rates, and the reverse is true as well.
This week, a wider range of factors influenced financial markets, most of which were negative for stocks. However, their expected impact on mortgage rates was mixed, and the net overall effect was small. For example, tariffs generally are a drag on economic growth, but they also raise prices, which leads to higher future inflation. In addition, the supply of bonds around the world is increasing. One reason is that global central banks are reducing their holdings of bonds. Also, the U.S. budget deficit is growing due to boosted spending and tax cuts, forcing the government to issue more bonds. To summarize, higher inflation and greater supply roughly offset slower growth
The most significant economic report released this week was Thursday's inflation data. The Consumer Price Index (CPI), the most closely watched monthly inflation report, looks at the price change for finished goods and services. Thursday's data revealed that inflation was lower than expected in September.
Core CPI, which excludes the volatile food and energy components, was 2.2% higher than a year ago, the same annual rate of increase as the prior month. Since lower inflation is good for mortgage rates, this weaker than expected data caused rates to decline a bit.
Looking ahead, Retail Sales will be released on Monday. Since consumer spending accounts for about 70% of all economic activity in the U.S., the retail sales data is a key indicator of growth. The minutes from the September 26 Fed meeting will come out on Wednesday. These detailed minutes provide additional insight into the debate between Fed officials about future monetary policy and have the potential to move markets. In the housing sector, Housing Starts will be released on Wednesday and Existing Home Sales on Friday.
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Caught some hot blues and R&B with Ana Popovich at the Blue Note Saturday eve!
"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!"
Dale DiGennaro, President
"Always looking out for your best interest!"
Mortgage Market News, Stocks Fall, Mortgage Market
Posted by Dale DiGennaro on October 26th, 2018 7:22 PM
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Flipping Burgers & Market Flipping out
Changes in the Housing Market & Napa Chamber of Commerce Golf Outing
How to Retire with $1.5 Million...
Be Prepared for any Disaster.....Mortgage Market news & Giants game
Happy Labor Day....Trade Negotiations and Mortgage Convention News from Las Vegas
The Best time to buy....mortgage market news and my son's birthday
Now a Buyers Market? Kiwanis Club of Greater Napa....
Home Affordibility...Tiny Houses and One last Hurrah!
Ditch your Mortgage Insurance......Meeting with the new DRE commissioner....Daniel Sandri
Mid Year Tax Check up.....Summer CAMP convention and OC Mortgage cruise
Monday Mortgage & Housing News!
The overview of Mortgage Pricing nationwide as we head into another beautiful weekend in Napa!
Big Events Ahead for the Mortgage Industry...
My final week as president & todays mortgage market pricing changes!
This afternoon's mortgage pricing adjustments
Last weeks Fed statement results in few immediate changes.
FICO 9...what this means and how it impacts your ability to qualify for a loan!
How yesterday's Fed statement may affect rates!
Taming Home Prices & my moms 90th b-day video.
Home Values still on the rise....
Independence & Freedom.....
Housing News...Cabo & Cannes
It's Dads Day.....Are rates up or down & how to improve your credit score.
Home Equity & Flipping Profits Up....Rates & Lender Profit Down...
Solar. Bottlerock. Baby. Birthday.
Memorial Day at Arlington Cemetary....honoring the Brave in the Land of the Free...
Mothers Day, Congressional Meetings in D.C. with NAMB
Getting too many solicitations when credit is pulled.......here's why! Artist Gordon Huether gallery open house.
Positive ways to use the Equity in your Home & my 60th birthday excursion.
Putting your home equity to work for you....my 60th birthday
Your higher credit score, Meeting with BRE commissioner Wayne bell
voice for our industry, Jenae's prom, & mortgage market news
Commuting to your job.....Napa Valley Stars Gala auction for fire victims with Mark Ibanez
Commuting from home...Napa Valley Realtor Stars Gala Auction....Easter with my kids
Easter Sunday and April Fools Day
Protecting your Money & My daughter in USA National Cheerleading Competition
St. Patricks Day...Andretti Wine Dinner Napa
Spring Forward...Property taxes in U.S.....Rubiks Cube and Kiwanis 5k photos
Kiwanis 5K Run...Linda Trull retire's...Powell Testifies...
Run with us......Happy Chinese New Year!
Loans going to Pot!?
Live your Dream Life in 2018!
Yountville Veterans Home & VA Loan Products that Rock
Winning the lottery......looser loan guidelines & Napa Relay for Life!
9 ways to avoid "buyers remorse" on your home purchase
Selling your home? Color matters!
Second Chance's.......from BK.....shortsale or Foreclosure
Independence Day Trivia.......The "Bow Tie Guy" economist
Home Equity Increases....should you tap into it?
Fathers Day...the Warrior's Championship...the Mortgage Market
Memorial Day has meaning...Enjoying it at BottleRock.
The Meaning of Memorial Day thru the years & BottleRock Napa
Political Uncertainty & Rates...Refi's.....Prom
The French.....The Senate.......and MOM!
July 1st your credit score could improve
Making Lending Great Again!
Happy Easter & Spring Break at Giants Stadium
Tapping Into Home Equity
Credit Bureau's get spanked!
The Housing Drought
Leprechauns & lending.....
It's Time.....Daylight Saving & my teenage daughter driving!
Turning 30k into 761 million....Warren Buffet lists home
Spring Housing Market.......
Presidents Day & Economic Data
Valentines Day...Love is in the Air
17 credit score tips & East Bay CAMP Crabfeed
Mortgage Market News
Your Emergency Kit & Martin Luther King Day.
Nervous about rising rates?
Happy New Year 2017....Positive Outlook on Housing!
Merry Christmas from Custom Lending Group of Napa!
Is Trump the Grinch or is he making Christmas Great Again!?!
Naughty or Nice List........Push a button...Get a Mortgage??
Opt Out Pre-screen & Volatile Week for Mortgage Rates
Black Friday, Visiting Trump's place(s) & market news
Honoring our Veterans.....
Election Eve and the Affects on the Mortgage Market
Pumpkin Heads & Mortgage Market News
Wells Fargo Opening New Accounts & Mortgage Market News
The Debate, The Pumpkin Patch & Trumps Golf Course
Low Down Payment Options.....
Political Incorrectedness.....how the candidates feel about housing
Vegas Baby......National Association of Mortgage Professionals (NAMB) convention
Don't Become a Victim of Identity Theft
Happy Labor Day....Economic Numbers Fall Short
Cleaner energy source for Napa area....MCE....Mortgage Market News
Mortgage News....Kitchen remodel & job report
More options for your mortgage.....New products...low down payment.
Brexit effect on our Mortgage rates
Options for your home Equity
Will Fed Increasing Rates affect Mortgages?
Getting pre-approved ... Memorial Day & remembering my father
June Fed Rate Hike & Trended Credit Implementation
Meetings at the Capital in Sacramento...this weeks mortgage rates.
Trump...Mothers Day...Investment Property!
Earth Day....My Birthday and Mortgage Market News
Spring Landscaping & Mortgage Market News
Trending Credit Data...easier qualifying.....low rates & market news
Home Value & Time to Refinance...Happy Easter
Lower Payments, HARP, FED Report, Kiwanis 5K
Low downpayment alternative to FHA
Microlending thru Kiva Organization...Celebrating 30 years in Lending...Kiwanis 5K/Napa Marathon
Your Credit Score....Weekly Market News!
Reverse Mortgages...Market News...Kiwanis 5K Napa Fundraiser
Mortgage News for Valentines Weekend & Home Insurance Tips
Get Your Pre-approval letter & Kiwanis 5K
Lowest Mortgage Rates in 3 Months! Refinance now!
Housing News & Market Movement creating Lower Rates!
New Years Resolution For your Home and last weeks market news!
2015 Mortgage Tax Benefits....Market News promotes rate improvement!
Saving Money on your Mortgage & Lightening the load....
The Federal Reserve DID raise rates...Happy Holidays in Napa.....
Mortgage Mistakes to avoid...Rate News & Shopping Apps for holidays
The 'Bucket' System for Organizing as Tax Time & Salvation Army Thanksgiving with Kiwanis
Reverse Mortgage & Mortgage rate news for the week
Friday the 13th! Adding value to your home...
Happy Veterans Day...Honoring Adam DiGennaro-my father
Mortgage Rates are rising......Turkey Time.....Napa Kiwanis Casino Royale
Autumn Brings Slower growth in market affecting mortgage rates
Stocks Rally...Rates Rise....Your Home Loan
Credit Report Soft Pull vs Hard Pull
Interest Only Mortgage Loans & economic update
Using FHA to refi, purchase or get a Reverse Mortgage
4th of July & Mortgage convention new orleans
Loan Products & TRID
Memorial Day....rates increasing....honoring Adam DiGennaro
Volatile Times for Mortgage Rates......
Mortgage Meetings on Capital Hill!
Millennials Value Homeownership
Millennials....Will they EVER leave home!?!
Mortgage rates finally LOWER again!
Rates have gone up!
Time to Refi or Buy!
Mortgage loan tips for Taxes
Stocks Rally Big Affecting Mortgage Rates
Your Gift! Cheaper Gas...Cheaper Loans...
Mortgage Rate Roller Coaster
Today was a good day for Mortgage Backed Securites
Jobs, Jobs, Jobs!!
Continued Improvement in housing market
Home sales increased month over month
Weekly economic news affecting mortgage rates
Go Giants........volatile weeks for the market as well!
Mortgage Loans that allow for "Temporary Buydowns"
Mortgage Rates Hit a 16 month low!
Refinance or purchase now while economic volatility keeps mortgage rates low!
Mortgage Rates still very good today, after ending the week on a high note!
Best Mortgage Rates in past 12 months!
You know there's trouble in the mortgage industry when.......
Favorable repricing this afternoon.
Rates holding steady.......
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