Napa Mortgage News

Mothers Day, Congressional Meetings in D.C. with NAMB

June 1st, 2018 2:06 PM by Dale DiGennaro

CLICK HERE for the Origin of Mothers Day and how the rest of the world honors their mothers.

My mother...Emily DiGennaro in her Easter Bonnet.

With my Mum at Mumm!

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!

Inflation Falls Short

There was little major news this week and not much reaction to the economic data. Investors shifted some assets from bonds to stocks, and mortgage rates ended the week a bit higher.

Perhaps the most widely followed inflation report is the Consumer Price Index (CPI), which looks at the price change for a basket of goods and services. Investors generally prefer to look at the core reading, which excludes the volatile food and energy components, to get a feel for the longer term trend.

In April, Core CPI increased 0.1% from March, below the consensus for an increase of 0.2%. Core CPI was 2.1% higher than one year ago, the same annual rate of increase as last month.

While it is rarely a market moving report, Fed officials pay close attention to the monthly JOLTS data to help determine the strength of the labor market. JOLTS measures job openings and labor turnover rates. In March, job openings jumped to 6.55 million, which was a record high level. An increase in job openings is viewed as a sign of strength in the labormarket, since it indicates that companies are interested in hiring but the pool of unemployed workers is not large.

Looking ahead, Retail Sales will be released on Tuesday, and it will be the biggest report of the week. Consumer spending accounts for about 70% of economic activity in the U.S., and the retail sales data is a key indicator. Industrial Production, another important indicator of economic activity, and Housing Starts, will come out on Wednesday.

With Congressman

Mike Thompson.

Congressman Sean Duffy from Wisconsin addressing our groupregarding current leadership, expectations and the direction he feels we are moving in. Duffy serves on the House Committee on Financial Services.

In the halls of Congress...waiting for our next meeting. George Tribble & George Duarte both brokers in the East Bay.

California was represented by 16 of us from all over the state.

Meeting with Congressman John Garamendi and Congressman Jared Huffman (below).

Congressman Jared Huffman _ Dale DiGennaro

"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!"