Skip to content
TransGlobal Lending Logo
  • HOME
  • LEARNING CENTER
  • RESOURCES & TOOLS
    • Mortgage Calculator
    • Apply Now
    • Becoming a MLO
    • NMLS Consumer Access
    • File Library
  • NEWS
  • ABOUT US
    • Our Staff
    • TG Loan Officer
    • License disclamer
    • TransGlobal
  • HOME
  • LEARNING
  • RESOURCES & TOOLS
    • Mortgage Calculator
    • Apply Now
    • Becoming a MLO
    • NMLS Consumer Access
    • File Library
  • NEWS
  • ABOUT US
    • Our Staff
    • TG Loan Officer
    • State Licenses
    • TransGlobal
  • CONTACT
  • CONTACT
  • View Larger Image

Mortgage Market Update 12-21-20

U.S. weekly jobless claims rose unexpectedly last week to 885,000. The number of first-time unemployment-benefits filers totaled 885,000 in the week ending Dec. 12, the most since the week of September 5th. Economists polled by Dow Jones expected initial claims to fall to 808,000. 

Congress is now pushing through new legislation to aid individuals and businesses before year-end. The Congressional leaders on Wednesday closed in on a $900 billion package that would include direct payments to individuals. However, the measure would exclude liability protections for businesses as well as aid to state and local governments.

The Federal Reserve committed to continue buying bonds until the economy reaches full employment and inflation stays at 2%. With unemployment too high and inflation too low, it is expected that the Fed will be buying mortgage-backed-securities through 2021. Buying bonds and keeping rates low remain the main weapons for the Fed to help the economy return to normal.

Economic Calendar

Report Period Estimate Impact
Date: Tue. Dec. 22
GDP Chain Deflator Q3 NA High
Existing Home Sales Nov 6.62M Moderate
Gross Domestic Product (GDP) Q3 33.1% High
Date: Wed. Dec. 23
Consumer Sentiment Index (UoM) Dec 79.0 Moderate
Personal Consumption Expenditures and Core PCE Nov 0.1% High
Personal Consumption Expenditures and Core PCE YOY 1.5% High
Personal Income Nov -0.3% Moderate
New Home Sales Nov 988K Moderate
Personal Spending Nov 0.3% Moderate
Date: Thu. Dec. 24
Durable Goods Orders Nov 0.7% Moderate
Jobless Claims (Initial) 12/19 799K Moderate

Today’s Rate

Dec 18, 2020

Conforming Loan
Loan Term (Yr) Rate (%) APR (%)
30yr Fixed 2.350% 2.417% APR
15yr Fixed 1.875% 1.942% APR
High Balance Loan
Loan Term (Yr) Rate (%) APR (%)
30yr Fixed 2.375% 2.442% APR
15yr Fixed 1.875% 1.942% APR
Jumbo Loan
Loan Term (Yr) Rate (%) APR (%)
30yr Fixed 2.625% 2.692% APR
15yr Fixed 2.625% 2.692% APR
Daily rate based on: SFR/Primary/LTV60/FICO 780/Purchase
IMPORTANT: Advertised rates were valid and effective as of the date reflected above, are for informational purposes only, and are subject to change without notice. 

Loans are subject to credit and collateral approval. Advertised rates are based on a set of loan assumptions including a borrower with excellent credit history and optimal loan characteristics. Your final interest rate and annual percentage rate (APR) may differ depending on your individual transaction’s specific characteristics, and certain products may not be available for your situation. Several determining factors include, but are not limited to, the state of the property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value, and credit score.

APR reflects the cost of credit over the term of the loan expressed as an annual rate. For mortgage loans, APR may include the interest rate, discount points (also referred to as “points”), and other charges or fees (such as mortgage insurance and origination fees), but does not necessarily take into account other loan-specific finance charges you may be required to pay.

Golden Star, Inc. dba Transglobal Lending, 185 W. Chestnut Ave., Monrovia, CA 91016, NMLS # 1437002 (www.transgloballending.com). All rights reserved. Equal Opportunity Employer and Equal Housing Lender. All mortgage products are subject to credit property approval. Rates, Program terms and conditions are subject to change without notice. Additional conditions, qualifications, and restrictions may apply. This is not an offer for extension of credit or a commitment to lend.
admin2021-01-07T21:16:49-08:00December 21, 2020|

Share Our Weekly Market Update to Your Platform!

FacebookTwitterLinkedInWhatsAppEmail

Related Posts

  • Mortgage Market Update 1-10-22
    Mortgage Market Update 1-10-22
    Gallery
  • Mortgage Market Update 12-13-21
    Mortgage Market Update 12-13-21
    Gallery
  • Mortgage Market Update 12-06-21
    Mortgage Market Update 12-06-21
    Gallery
  • Mortgage Market Update 11-22-21
    Mortgage Market Update 11-22-21
    Gallery

Recent Posts

  • Mortgage Market Update 1-10-22
  • Mortgage Market Update 12-13-21
  • Mortgage Market Update 12-06-21
  • Mortgage Market Update 11-22-21
  • Mortgage Market Update 11-01-21

Find us on Facebook

Golden Star, Inc. dba Transglobal Lending
NMLS#1437002
CA DBO license : 60DBO-51144
nmlsconsumeraccess.org

LEARNING CENTER

  • LEARNING

RESOURCE & TOOLS

  • Mortgage Calculator
  • APPLY NOW
  • Becoming a MLO
  • NMLS Consumer Access
  • File Library

ABOUT US

  • Our Staff
  • TG Loan Officer
  • NEWS
  • License disclamer

SUPPORT

  • TransGlobal

License Disclaimer • ©2023 TransGlobalLending

Daily rate based on: SFR/Primay/LTV60/FICO 780/Purchase
IMPORTANT: Advertised rates were valid and effective as of the date reflected above, are for informational purposes only, and are subject to change without notice.
Loans are subject to credit and collateral approval. Advertised rates are based on a set of loan assumptions including a borrower with excellent credit history and optimal loan characteristics. Your final interest rate and annual percentage rate (APR) may differ depending on your individual transaction’s specific characteristics, and certain products may not be available for your situation. Several determining factors include, but are not limited to, the state of the property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value, and credit score.
APR reflects the cost of credit over the term of the loan expressed as an annual rate. For mortgage loans, APR may include the interest rate, discount points (also referred to as “points”), and other charges or fees (such as mortgage insurance and origination fees), but does not necessarily take into account other loan-specific finance charges you may be required to pay.
Figure: 7 TAC §80.200(b)
“Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 north lamar, suite 201, Austin, Texas 78705. complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. a toll-free consumer hotline is available at 1-877-276-5550.
The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. a written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.”
Close Sliding Bar Area

Contact Info

185 W. Chestnut Ave Monrovia, CA 91016

Phone: (888) 993-0788

Email: info@transgloballending.com

Go to Top