Mortgage Rundown: July 3, 2019. San Diego Broker Opens July 19th, 2019 LOCAL LOAN SPECIALIST Mortgage Lender
Mortgage Rundown: July 3, 2019 video duration 2 Minute(s) 16 Second(s), published by New American Funding on 03 07 2019 - 16:52:13.
Jason Obradovich, EVP of Capital Markets for New American Funding, is back with today's Mortgage Rundown
Over the last several months, we have seen a MBA Associate Vice President of Economic and Industry Forecasting Joel Kan details the latest information from MBA's Weekly Application Survey
For more info .
The Mortgage Update YouTube Channel link: APPLY NOW https://secure-apps.smartapp1003.com/206632/?loanofficerid=209743 FREE CREDIT SCORE July 1, 2019 - "Mortgage Minute" - This Week In Mortgage - Weekly Rate Update & "Pricing is Everything" #JumboLoans #Mortgage #OpenHouse #Realtor Looking for a home loan? Jumbo, Super Jumbo, Fixed Rate, Adjustable Rate, etc
Call Today! 310 374-9000 San Diego Broker Opens July 19th, 2019.
Jason Obradovich, EVP of Capital Markets for New American Funding, is back with today's Mortgage Rundown. Over the last several months, we have seen a consistent drop in interest rates and an increase in concerns of a slowing economy. In fact, the 10 Year Treasury is now below 2%, the lowest it's been since 2016. Watch the full video to learn more and find out what you should keep an eye on in the coming weeks.
To read more on Jason’s Market Update click here: https://www.newamericanfunding.com/blog/market-update-july-3-2019/
►Subscribe! https://www.youtube.com/channel/UC3OsglK9jXigknWLbSVQzrA?sub_confirmation=1
Follow New American Funding:
Web: http://www.NewAmericanFunding.com
Blog/Press: http://www.newamericanagent.com/news-press.aspx
Careers: http://www.newamericanfunding.com/careers/
Partners: http://newamericanpartner.com/
Facebook: http://www.facebook.com/NewAmericanFunding
Instagram: https://www.instagram.com/newamericanfunding/
Twitter: http://www.twitter.com/NewAmericanTeam
LinkedIn: http://www.linkedin.com/company/new-american-funding
Pinterest: https://www.pinterest.com/newamericanteam
For additional state licensing https://www.newamericanfunding.com/legal/state-licensing/
Hello everyone and welcome back to the Mortgage Rundown.
Today we are going to talk about what’s happening with interest rates.
Over the past several months we’ve seen interest rates continue to drop. In fact the 10yr treasury is now below 2%, which is the lowest it’s been since November of 2016. There is no shortage of fear and concerns over a slowing economy. Even though inflation is running north of 1.5% consistently and the unemployment rate is at a 50yr low of 3.6%, there have been signs of a slowing economy:
• A gradual leveling of real estate prices
• Declining new home sales
• Declining durable goods orders
• Slowdown in job growth
• Major concerns over the lack of progress on the trade disputes with China
If the trade and tariff dispute with China isn’t resolved soon then fear over an upcoming recession could continue to weigh heavily on the market and rates could fall further. That doesn’t necessarily mean the end of the trade dispute could cause rates to rise quickly. There are still a lot of macro-economic and global headwinds that will stabilize rates.
In looking at bond yields around the globe, a US 10yr at 1.98% is still relatively high when you compare it to Canada at 1.47%, the UK at 0.73% as well as France, Germany, Netherlands, Switzerland and Japan all at negative yields.
The global trend is continued worldwide economic struggles with sustained growth and the impact it’s having on interest rates.
In the coming weeks, you should keep an eye on the following items:
• By far the most important is whether or not the trade war with China continues and whether that will push rates down further.
• And let’s not forget about the Federal Reserve. The market is expecting them to lower rates at least twice this year. This could become a very difficult balancing act given that the Fed doesn’t want to lower rates but may need to succumb to public pressure.
That’s it everyone from the capital markets desk this week. Thank you all for watching and have a great holiday and we’ll see you next time.
Other Video about Mortgage Rundown: July 3, 2019:
July 1, 2019 - "Mortgage Minute" - TWIM - Weekly Rate Update & "Pricing is Everything"
July 1, 2019 - "Mortgage Minute" - This Week In Mortgage - Weekly Rate Update & "Pricing is Everything" #JumboLoans #Mortgage #OpenHouse #Realtor .San Diego Broker Opens July 19th, 2019 LOCAL LOAN SPECIALIST Mortgage Lender
Looking for a home loan? Jumbo, Super Jumbo, Fixed Rate, Adjustable Rate, etcCall Today! 310 374-9000 San Diego Broker Opens July 19th, 2019.
Mortgage Market Update - July 17, 2019
MBA Associate Vice President of Economic and Industry Forecasting Joel Kan details the latest information from MBA's Weekly Application SurveyFor more info .
0 Comment