Napa Mortgage News

9 ways to avoid "buyers remorse" on your home purchase

July 23rd, 2017 9:02 AM by Dale DiGennaro

Remember those times you bought those new shoes or expensive hand bag you had to have? Or MEN...the latest power tool or riding lawnmower? And then a week later you wonder if it was the right thing to do or if possible, you missed out on some fabulous feature or should have picked something different...or...maybe....not have made the purchase at all at that time!?!

Buyers Remorse.....we have all experienced it at one time or another. The good thing is that most of the time we can return the purchase in question and get our money back...or at the very least....store credit.

However.....that isn't the case with the purchase of a new home or rental property!

According to this Realtor.com

info.........(click here)

.....see the 9 things most buyers eventually "regret" overlooking when buying that new home.

Much research goes into purchasing a home. Potential buyers get Home Inspections, check out the school district and may even determine if the night life suits their needs. Unfortunately too many buyers often realize they have

Look at these 9 things for "no BUYER regrets"!

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 More Dovish

This week's movement in mortgage rates was mostly due to a more dovish investor outlook for the European Central Bank (ECB). The economic data caused littlereaction. Mortgage rates ended the week lower.

For years, the ECB has had a program in place to purchase massive quantities of bonds. The most recent extension of the program consists of buying 60 billion euros per month through December. This added demand has helped push bond yields lower around the world, including U.S. mortgage rates. Investors have been speculating for months about when the ECB will begin to scale back (taper) its bond purchases. On June 27, ECB President Draghi surprised investors by indicating that the extension of the bond purchase program next year might be at reduced monthly levels, and global bond yields moved higher. Recently, however, comments from ECB officials have become more dovish, meaning that the ECB may be less eager to scale back its stimulus programs as soon as some investors had thought. At Thursday's ECB meeting, Draghi provided just the vague guidance that the discussion about tapering should take place "in the fall." The apparent lack of urgency to taper helped mortgage rates improve over the last two weeks, nearly back to the levels seen before the comments on June 27.

One of the few bright spots in the recent U.S. economic data came from the housing sector this week. Despite a lack of inventory in many markets, a disturbing trend had appeared to be developing, as housing starts had declined in March, April, and May. However, the report for June released on Wednesday suggested that the three months of declines merely reflected that the data is highly volatile over the short-term.

In June, single-family housing starts jumped 6% from May, and the results for May were revised higher as well. Single-family housing starts were 10% higher than a year ago. Similar gains were seen for building permits for single-family homes in June. They were 9% higher than a year ago.

Looking ahead, the next Fed meeting will take place on Wednesday.
No change in the federal funds rate is expected, but investors will be looking for guidance about future monetary policy.

Before that, Existing Home Sales will be released on Monday and New Home Saleson Wednesday. Durable Orders, an important indicator of economic activity, will come out on Thursday.

The first reading for second quarter GDP, the broadest measure of economic activity, will be released on Friday. In addition, there will be Treasury auctions on Tuesday,Wednesday, and Thursday.

Summer Fun with Family continue's....

My mom's 89th b-day celebration on Tuesday, the 18th at my house in Napa was nice.

www.facebook.com
/emilydigennaro

Grants Pass, OR

My sister Penny was here from Oregon as well and my brother Bruce and his wife Riva from Rhode Island too! Mom went back to the East Coast with them!

My son Jake & my daughter Jenae' made it all that much sweeter. :-)

"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!"