Napa Mortgage News



Low inventory and increasing prices catching up with the housing market.
Cheryl Young, Trulia senior economist, and Danielle Hale, Realtor.com chief economist, discuss the state of the U.S. housing market.



 
_____________________________________________________________________________
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 Data
 
Since it raises the outlook for future inflation, the stronger than expected economic data released this week was bad news for mortgage rates, and rates reached their highest levels in many years.
 
The biggest surprise in the data released last week came from Wednesday's report on the services sector of the economy. The ISM national services index surged to 61.8, well above the consensus, and the highest level ever recorded since they began to track the data in 2008. Readings above 50 indicate that the sector is expanding. In their biggest move of the week, mortgage rates rose sharply following this news. 


Friday's highly anticipated Employment report revealed that solid improvement in the labor market continued. Against a consensus forecast of 180,000, the economy gained just 134,000 jobs in September. However, upward revisions added 87,000 jobs to the results for prior months, bringing the total gains above the expected levels. 
 
Because job gains are volatile month to month, investors also look at longer-term trends, and the economy has added an average of 211,000 workers per month so far in 2018, above even the strong pace of 182,000 seen over the same period last year. 
 
In addition, the unemployment rate unexpectedly declined from 3.9% to 3.7%, the lowest level since 1969. Average hourly earnings, an indicator of wage growth, were 2.8% higher than a year ago, the same annual rate of increase as last month. 

Looking ahead, 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. The JOLTS report also will be released on Thursday. JOLTS measures job openings and labor turnover rates, and Fed officials value this data to help round out their view of the strength of the labor market. In addition, Treasury auctions on Wednesday and Thursday could influence mortgage rates. Mortgage markets will be closed on Monday in observance of Columbus Day.

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


Great Day at Silverado Country Club for the Napa Chamber of Commerce annual golf outing!  Glad I was able to participate!

 

"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 7:16 PM

Would you like to retire with $1.5 million?  Here's how much you would have to save every month!
If you're aiming for $1.5 million by age 67, here's exactly how much money you need to set aside per month. The chart, provided by NerdWallet, assumes a 6 percent average annual investment return. The green bars represent how much you need to save and the blue bars represent your investment return.



 
_____________________________________________________________________________
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 Raises Short-Term Rates
 
The two biggest economic events last week, Wednesday's Fed meeting and Friday's inflation data, both were favorable for mortgage rates overall, and rates ended slightly lower. 
 
As widely expected, the Fed raised the federal funds rate, the overnight rate at which banks lend reserves to each other, by 25 basis points, and the statement released following the meeting contained no significant surprises and had little
 net impact. However, bond-friendly comments from Fed Chair Powell during his press conference were modestly favorable for mortgage rates. In particular, Powell said that Fed officials don't see inflation surprising to the upside (higher inflation is bad for mortgage rates). Most investors expect another rate hike at the December meeting.
 
Consistent with the Fed's outlook, the data released on Friday revealed that inflation was slightly lower than expected, which was good news for mortgage rates. In August, the core PCE price index, which excludes the volatile food and energy components, was 2.0% higher than a year ago, the same annual rate of increase as last month. This is the monthly inflation indicator favored by Fed officials, and 2.0% is their stated target level. 


The most recent report on consumer confidence showed an unexpectedly large increase to the highest reading since September 2000. Some of the factors behind the surge in optimism about the economy include a healthy labor market, an increase in the pace of wage growth, and stock markets near record levels. 
 
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 Wednesday. 
 
All material Copyright © Ress No. 1, LTD (DBA MBSQuoteline) and may not be reproduced without permission.
Fun with friends and family over the weekend.  Got to spend time with my aunt & uncle and my sister Lisa...along with some friends that were up from SoCal....breakfast in Yountville and then a tasting at Domaine Chandon, taking in a concert at the Blue Note as well as seeing a band from my past "Orleans" at Silo's!  Always plenty to do in the Napa area! 

 

"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 7:11 PM

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 
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

 
We all know people that are making a commute from where they live to their job...or...quite possibly this is you! Daily traffic is getting heavier & heavier as people are making the commute from their home to their place of employment.

WHY?  It appears that its getting more and more challenging for us to live close to where we work based on the increasing home prices and affordability.  Just barely 10 years after the housing crisis, home prices are back up there again!

 

According to CNBC...Teachers, first responders, restaurant workers and, surprisingly, computer programmers have the hardest time affording a home near their jobs.  And in our area I would add agricultural workers to that list.

 

Check it out Here...

 

The good news is we are getting new lending programs every day that can help assist homebuyers and give some flexibility for income.

 

Call me for more information!

The Friday File: After a 9% jump to 1.46 billion in 2017, France, for the first time ever, consumed more hamburgers than jambons-beurres, whose sales totaled 1.22 billion. The split baguette with ham and butter had been the best seller since the 19th century! Interestingly, the French also love pizza and consume an average of 22 pounds per person/year, second only to the USA, and double Italian consumption.








 
VISIT OUR WEBSITE
_____________________________________________________________________________
Ready to take the step of  purchasing or refinancing your home,  
office or apartment building 
You can rely on us to help you find the loan program that's best for you. 
Our team of professionals is eager to help you with this big financial decision. We will treat you right and give you the personal service you deserve. 
We know you're making a commitment in buying a house or investment property, refinancing a mortgage, or cashing out your home equity. 
So we make a commitment to you: we will help you qualify, apply and be approved for the right mortgage loan for you, and you will be able to follow our progress...every step of the way...whenever its most convenient for you! 
But don't just take our word for it!  Look at what our clients are saying...
  
  

Weaker Job Gains


Investors were focused on Friday's Employment report and the policy on tariffs this week. Despite unexpected results on both fronts, however, there was little reaction in mortgage rates, and they finished the week nearly unchanged. 
 
       Against a consensus forecast of 175,000, the economy added just 104,000 jobs in March. In addition, downward revisions subtracted 50,000 jobs from the results for prior months. Even with the shortfall, however, the economy has added an average of 202,000 jobs per month during the first three months of 2018. The unemployment rate was flat at 4.1%.  
  
Average hourly earnings, an indicator of wage growth, slightly exceeded expectations. They were 2.7% higher than a year ago, up from an annual rate of 2.6% last month.
 
On Thursday, President Trump threatened to add an additional $100 billion in tariffs on Chinese goods on top of the previously announced $50 billion. Chinese officials quickly said that they would respond with proportional measures. Some people think that both sides are just attempting to gain leverage in trade negotiations and that the tariffs will never be imposed. If these actions result in a trade war, though, it likely would have multiple effects. One would be reduced global economic activity, which would be good for mortgage rates, as it would reduce the outlook for future inflation. However, tariffs also raise the price of imported goods, which would increase inflationary pressures. These offsetting factors make the overall impact on mortgage rates difficult to predict. 
 
Looking ahead, the minutes from the March 21 Fed meeting will come out on Wednesday. These detailed minutes provide additional insight into the debate between Fed officials about future monetary policy. The Consumer Price Index (CPI) also will come out on Wednesday. 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 TuesdayWednesday, and Thursday
 

Napa Valley Stars Gala Auction...Our real estate community raising money for fire victims! Hosted by Mark Ibanez...anchor/reporter for KTVU.

Easter Sunday with Gena and "The Kids"!

 

"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 April 8th, 2018 10:47 AM



 St Patrick's Day is a global celebration of Irish culture on or around March 17. It particularly remembers St Patrick, one of Ireland's patron saints, who ministered Christianity in Ireland during the fifth century.
For more details on this age old celebration...







 
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!



Retail Sales Drop Again
 




It was a relatively quiet week for mortgage rates ahead of the Fed meeting on March 21st. The primary surprise was a decline in retail sales, which was positive for mortgage rates, and rates finished the week slightly lower. 


Consumer spending accounts for about 70% of economic activity in the U.S., making the retail sales data a highly anticipated report each month. Following the hurricanes last fall, retail sales were very strong for three months, causing most economists to expect that consumer spending would remain strong in 2018. This has not been the case however. Wednesday's report revealed that retail sales in February unexpectedly declined for the third straight month.
 
One result of the weaker than expected retail sales data seen over the last few months is that many leading economists have been lowering their forecasts for first quarter gross domestic product (GDP), the broadest measure of economic growth. Perhaps the most widely followed GDP prediction is put out by the Federal Reserve Bank of Atlanta. At the end of January, the Atlanta Fed forecast for first quarter GDP growth was a shockingly high 5.4%. Since then, it has been declining rapidly, but it still was at a solid 2.5% last week. The Atlanta Fed's most recent reading is just 1.9%, which is in line with the consensus of leading economists. The actual first quarter GDP data will be released on April 27.
 
Friday's report on housing starts contained mixed news. In February total housing starts fell 7% from January, dropping well below the expected level. However, this was entirely due to a large decline in highly volatile starts of multi-family units. Single-family starts in February rose 3% from January, and there were 501,000 single-family units under construction, the most since June 2008. This was encouraging news since a lack of inventory has been holding back home sales in many regions.
 
Looking ahead, the big news will be Wednesday's Fed meeting. Investors widely expect a 25 basis point increase in the federal funds rate, and they will be seeking guidance about the pace of future rate hikes. In addition, they will be looking for changes at Jerome Powell's first meeting as Fed Chair. For economic data, Existing Home Sales will be released on Wednesday and New Home Sales on Friday. Durable Orders, an important indicator of economic activity, also will come out on Friday.
 
We had a great time at the Andretti Winery dinner last week and enjoyed meeting the wine maker, the photographer of all the beautiful photos and the chef!
End of the night by the fire pit was perfect.





 

"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!"






Posted by Dale DiGennaro on March 23rd, 2018 12:46 PM

Tomorrow morning is our annual Kiwanis 5K Fun Run in conjunction with the Napa Valley Marathon! 
 We would love to see you come out and even just walk the course....
it is for a very good cause to help our children with school scholarships!

 To pre-register or for more information...call 707-255-7503 or on-line at www.napavalleymarathon.org/kiwanis5k.


Here are some Fun Facts on the fans of other sports...
The PGA is the sport with the oldest fans; an average age of 63. Horse racing follows at 62, then NASCAR at 59 and cycling at 58. By contrast, soccer fans average just 41 years of age, followed by NBA supporters at 43. 
Tennis fans earn the most money, averaging about $82,000, with NHL fans next at $80,000. The average age of hockey and tennis fans, roughly 50. 








 
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!



Powell Testifies
 




A wide range of events influenced mortgage rates this week, including comments from the new Fed Chair, government policy changes, and surprises in the economic data. In the end, however, these were offsetting, and mortgage rates finished the week with little change. 
 
On Tuesday, Jerome Powell gave his first testimony to Congress as Fed Chair. His comments caused investors to raise their expectations for the pace of rate hikes, which was negative for mortgage rates. He said that "my personal outlook for the economy has strengthened since December." He also predicted that inflation would rise to the Fed's target level of 2% "over the medium term" and that "wages should increase at a faster pace as well." Investors expect a 25 basis point rate hike at the next Fed meeting on March 21.
 
 
The biggest surprise in this week's economic data came from the manufacturing sector. The ISM national manufacturing index unexpectedly climbed to 60.8, which matched the highest level since 2004. Readings above 50 indicate an expansion in the sector. Since faster economic growth raises the outlook for future inflation, this data was unfavorable for mortgage rates. 

On Thursday, President Trump announced that he would impose global tariffs on steel and aluminum imported into the U.S. Concerned that other countries might retaliate and a trade war might develop, investors sold stocks and shifted assets into bonds, including mortgage-backed securities (MBS). The added demand for MBS was good for mortgage rates. 
 
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 services index will be released on Monday and Factory Orders will come out on Tuesday. In addition, the next European Central Bank meeting will take place on Thursday and could influence U.S. mortgage rates. 
The day has come for my long time assistant & loan processor.....Linda Trull to leave us.  She has retired and bought a home in Oregon to spend time with her family.
Linda has been with Custom Lending Group since 1994 and we thank her for her devotion and service to all of us & all of you!
We will miss you Linda & wish you all the best!

 

"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
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Posted by Dale DiGennaro on March 5th, 2018 9:57 AM

 
Next weekend is our annual Kiwanis 5K Fun Run in conjunction with the
Napa Valley Marathon! 

 We would love to see you come out and even just walk the course...
it is for a very good cause....Local High School Scholarships!


To pre-register or for more information...call 707-255-7503 or on-line at www.napavalleymarathon.org/kiwanis5k.

MARCH 4, 2018


 

 It starts at 8am sharp in front of Vintage High School...1375 Trower Ave., Napa
Be sure to allow yourself time to park and get checked in.
Food, Fun & Festivities to follow!  So....plan on staying afterward.








 
_____________________________________________________________________________
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 Hold Steady
  



During a light week for economic data, investors were mostly focused on the Fed minutes. There were few surprises in the minutes or in the data, and mortgage rates ended the week with little change. 
The minutes from the January 31 Fed meeting contained no significant surprises. They were viewed as a little more dovish than expected, meaning in favor of a slower pace of rate hikes. However, this was offset by some key events which have taken place over the three weeks since the meeting took place. Notably, the wage component of the key monthly Employment report and the core inflation reading in the CPI data both were stronger than expected. Also, Congress passed a government spending bill which was larger than expected, which could put upward pressure on future inflation. Investors are concerned that Fed officials have become more hawkish since the January meeting.
 
 
The most significant economic data released this week was for the housing sector, and it fell short of the expected levels. In January, sales of previously owned homes decreased 3% from December. Sales were 5% lower than a year ago, which was the largest annual rate of decline since 2014. A lack of inventory in many regions again was the primary cause of the weakness.
  
 

In fact, the inventory of previously owned homes for sale was 10% lower than a year ago. It was at just a 3.4-month supply, while a 6.0-month supply is considered a healthy balance between buyers and sellers.
  
Looking ahead, investors will be most focused on Jerome Powell's first speech as Fed Chair on Wednesday. Beyond that, Durable Orders will be released on Tuesday. The second estimate of fourth quarter GDP, the broadest measure of economic growth, will come out on Wednesday. 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
  

The Chinese New Year has begun and it is....
The year of the DOG!
Celebrations begin tonight in San Francisco leading off with a parade , named one of the top ten in the world...at 5:15pm.

CLICK HERE for more information.






Fireworks, parades, feasts and more kick off
the 2018 Chinese New Year. See how the Year of the Dog is being celebrated around the world.
See it 


 Want to know more about the "Year of the Dog",

"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!"






Posted by Dale DiGennaro on March 1st, 2018 9:14 PM

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