Napa Mortgage News




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!
Our group 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! J

Working the Grill
Working the grill 


The Kiwanis Club of Napa
The club at Enchanted Hills




 
_____________________________________________________________________________
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!
 
Stocks Fall
 
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.
 
All material Copyright © Ress No. 1, LTD (DBA MBSQuoteline) and may not be reproduced without permission.


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!"


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 October 26th, 2018 7:22 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

Dear Gena, 
 
This weekend we celebrate fathers day! 
 
Father's Day is a celebration honoring fathers and celebrating fatherhood, paternal bonds, and the influence of fathers in society.
 
 In Catholic Europe, it has been celebrated on March 19 (St. Joseph's Day) since the Middle Ages. This celebration was brought by the Spanish and Portuguese to Latin America, where March 19is often still used for it, though many countries in Europe and the Americas have adopted the U.S. date, which is the third Sunday of June. It is celebrated on various days in many parts of the world, most commonly in the months of March or May.
 
To understand more about "Fathers Day" and how it is
celebrated throughout the world.....Click Here!









 
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 on Weak Data


Weaker than expected retail sales and inflation data was favorable for mortgage rates this week. However, the Fed meeting was viewed as negative and offset some of the improvement. Mortgage rates ended the week a little lower, near the best levels of the year.
 


After rising gradually last year, inflation has been on a downward path so far this year. Wednesday's release of the core consumer price index (CPI), which excludes food and energy, continued this trend. Core CPI in May was just 1.7% higher than a year ago, which was lower than the 1.9% year-over-year rate of increase in April. Lower levels of inflation are positive for mortgage rates.

Later in the day on Wednesday, the Fed disclosed the results from its meeting, and investors viewed the news as negative for mortgage rates. One reason was that in the statement Fed officials maintained the position that the decline in inflation seen in recent months is just temporary. Most Fed officials still expect that inflation will climb to their target level of 2.0% in the medium term. Some investors had thought that the Fed would place more weight on the recent decline in inflation and slow the pace of monetary policy tightening.

In addition, the Fed provided more details at this meeting about its plan to reduce its holdings of U.S. Treasuries and agency debt and mortgage-backed securities (MBS). Investors viewed the pace of the reduction as a little more aggressive than anticipated, which contributed to a small increase in mortgage rates. Fed Chair Yellen said she expects to begin shrinking the size of the Fed's balance sheet "relatively soon" and will do so by no longer reinvesting all the principle payments received. The reduction will start at $10 billion a month and grow to $50 billion a month over twelve months. Approximately 40% of the reduction will be in the holdings of MBS. 

Looking ahead, it will be a very light week for economic data. Existing Home Sales will be released on Wednesday and New Home Sales on Friday. Speeches by Fed officials also may influence mortgage rates next week.

 

Last year at BottleRock this shirt set off  lots of cheering as the Warriors were battling it out with the Cav's.  

This year...... 

 

We did it!!

Congrats to the Warriors! 

 

 

 

An Amazing Win! 

 

 

The

Trophy! 



The Colors!!

 

 

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 July 15th, 2017 12:17 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, 

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, 

Or are you happy?  Although mortgage rates have increased since the election, it's based on the fact that the economy is expected to get stronger, which is a good thing for all! 

Stronger employment, small business environment, investing and lower taxes should translate to more money in everyone's pocket.

 As long as rates stay on the lower side of historic levels as expected...and there is continued loosening of tight underwriting guidelines...the real estate market should do well. 
 
Higher rates mean that the house you could've purchased or refinanced last summer will now cost a bit more. However, there are other ways to keep that payment manageable, and maybe even additional financing options, depending on your situation & needs.

CNBC posted a great explanation HERE!
Complete with suggestions & scenario's










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!
                                                                  
            





Wage Inflation Picks Up
 
Mortgage rates showed some nice improvement following Wednesday's release of the Fed Minutes.   Friday's key Employment report caused a reversal, however, and mortgage rates ended the week with little change.
 
From the presidential election until the last few days of the year, the trend in yields was upward, and this kept many potential bond buyers on the sidelines.                                                           Buyers finally stepped in at the end of the year and then 
paused early this week. It appears that they were waiting until a major risk, the Minutes from the December 14 Fed meeting, was out of the way. When there were no surprises in the Minutes, investors felt comfortable purchasing bonds again. The rush to buy intensified on Thursday, pushing mortgage rates to the best levels in a month, but Friday's economic data halted the rally.
 
                    The most notable aspect of Friday's closely watched monthly 
              Employment report was an upside surprise in wage growth in December. 
                   Average hourly earnings were 2.9% higher than a year ago, up 
                  from 2.5% last month, and the highest level since 2009. Job gains 
               in December came in right on target. The unemployment rate increased 
                                                 to 4.7%, as expected.
Another important economic report released earlier in the week also hinted at higher future inflation. Manufacturers reported that they expect a large increase in the prices to be paid for producing goods. Since it reduces the value of future cash flows, inflation is negative for mortgage rates. Already wary about inflation due to the manufacturing report, investors pushed mortgage rates higher after the wage data.
 
Looking ahead, the most significant economic report will be Retail Sales on Friday. Consumer spending accounts for about 70% of economic output in the U.S., and the retail sales data is a key indicator. Before that, the JOLTS report will come out on Tuesday. JOLTS measures job openings and labor turnover rates. In addition, there will be Treasury auctions on Tuesday, Wednesday, and Thursday, and there will be many Fed officials speaking during the week. 
 





 

 

Once again this year....Kiwanis had a great float focusing on children...in the 2017 Rose Parade.
                                                                           

"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 February 27th, 2017 3:10 PM



Dear Gena, 

In this day and age....it seems that technology allows us to get information on just about any subject or product...almost instantly and with little effort.

That being said...we now see mortgage companies creating marketing such as "push a button...get a mortgage".
Although it may not be quite that simple...the thought process is streamlined, minimal documentation as well as minimal effort on the part of you the borrower to provide what is needed.

We are now starting to see our lenders offering programs that will ease our borrowers experience by relieving you of having to get all the income and asset documentation and allowing it to be done through a more automated fashion using already existing databases of information.

This would include more automated appraisals (also known as Property Inspection Waivers...PIW's) which are a no-cost, instantaneous valuation of your property.

Let us help you evaluate your options. 
Call or email me anytime with your questions or personal scenario.









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!
                                                                  
            



ECB Scales Back



Over the past week, volatility in mortgage rates was at the lowest level since the election. The main market mover was the European Central Bank (ECB) meeting. Sunday's referendum vote in Italy had little impact on U.S. markets, and the U.S. economic data also caused little reaction. While it was another good week for the stock market, mortgage rates ended the week with little change.
 
On Wednesday, global bond yields, including U.S. mortgage rates, declined on hopes of good news from Thursday's ECB meeting. The outcome was not as favorable as hoped, however, and the improvement was reversed on Thursday. Ahead of the meeting, investors generally expected that the ECB would extend its bond purchase program for another six months. On this front, investors were pleased, as the ECB extended the program by nine months through December 2017. 
The disappointment came from the unexpected news that the monthly purchases will decrease from 80 billion euros to 60 billion euros beginning in April. The reduction in the level of stimulus removed some expected future demand for bonds, causing yields to rise, offsetting the prior day's decline.
 
                  The most significant U.S. economic data released over the past                    week revealed another sign that the economy is ending the year on a            stronger note. The November ISM national services index increased more than             expected to 57.2, which was the highest level in a year. The service sector employs the vast majority of U.S. workers.
 
Readings above 50 indicate that the sector is expanding. This follows last week's reading of 53.2 for the November ISM national manufacturing index, which also exceeded expectations.
 
Looking ahead, the next U.S. Fed meeting will take place on Wednesday. It is widely expected that the Fed will raise the federal funds rate, so investors mainly will be looking for guidance about the pace of future tightening. Also on Wednesday, Retail Sales will be released. 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, will come out on Thursday. CPI looks at the price change for goods and services which are sold to consumers. Housing Starts will be released on Friday.





 

 

                                                                                                                                                                                                
Kiwanis bell ringing Trader Joes
With.......Steven Harris (above) and Chuck Reiland.
My Kiwanis Club of Greater Napa 
ringing bells at Trader Joe's in 
Bellaire Plaza.

We are here every Wednesday from 
now until Christmas.

Come out an see us!

I will  personally be there on the 21st from
2:00-4:00pm.
 

        
                                                                          

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




Sincerely,
                                           
Dale DiGennaro, President
O:707-252-2700  C:707-738-0878
Custom Lending Group
"Always looking out for your  interest!"







Custom Lending Group
nmls#298353/845079
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http://www.customlending.net
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Posted by Dale DiGennaro on February 16th, 2017 6:58 PM

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