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Mortgage Market Update 1-25-21

Pandemic-driven demand has sent 2020 home sales to the highest level since 2006; the volume of year-end sales totaled 5.64 million units, far higher than predicted before the pandemic. This could be attributed the Federal Reserve’s maximum liquidity policy, which will assure mortgage rates stay extremely low throughout 2021.

The new administration’s $1.9 trillion stimulus relief package, which is expected to further boost economic growth and lower unemployment rates, has driven Treasury yields higher in the last two weeks. Because of this, record-low mortgage rates may now be a headline of the past.

The Fed will be purchasing up to $6.409B in mortgage-backed-securities today.

Submit new applications as soon as possible in order to catch this golden opportunity, as it currently takes longer than usual to process.

Economic Calendar

Report Period Estimate Impact
Date: Tue. Jan. 26
S&P/Case-Shiller Home Price Index Now  6.9% Moderate
Consumer Confidence Jan 89.0 Moderate
Date: Wed. Jan. 27
Durable Goods Orders Dec 0.9% Moderate
FOMC Meeting Jan Unch High
Date: Thu. Jan. 28
Jobless Claims (Initial) 1/23 NA Moderate
New Home Sales Dec 877K Moderate
Gross Domestic Product (GDP) Q4 4.4% High
GDP Chain Deflator Q4 NA High
Date: Fri. Jan. 29
Personal Consumption Expenditures and Core PCE Dec NA High
Chicago PMI Jan 58.5 Moderate
Personal Consumption Expenditures and Core PCE YOY NA High
Pending Home Sales Dec NA Moderate
Personal Income Dec -0.3% Moderate
Consumer Sentiment Index (UoM) Jan 81.3 Moderate
Employment Cost Index (ECI) Q4 0.5% High
Personal Spending Dec -0.5% Moderate

Today’s Rate

Jan 22, 2021

Conforming Loan
Loan Term (Yr) Rate (%) APR (%)
30yr Fixed 2.375% 2.442%
15yr Fixed 1.875% 1.942%
High Balance Loan
Loan Term (Yr) Rate (%) APR (%)
30yr Fixed 2.375% 2.442%
15yr Fixed 1.875% 1.942%
Jumbo Loan
Loan Term (Yr) Rate (%) APR (%)
30yr Fixed 2.750% 2.817%
15yr Fixed 2.625% 2.692%
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.
admin2021-01-25T19:00:54-08:00January 25, 2021|

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

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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.”
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Contact Info

185 W. Chestnut Ave Monrovia, CA 91016

Phone: (888) 993-0788

Email: info@transgloballending.com

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