Napa Mortgage News

Run with us......Happy Chinese New Year!

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

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.

VISIT OUR WEBSITE

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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
HERE!

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

Click Here.

"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!"