Mortgage Market Update 4-09-21

The Federal Reserve is keeping its accommodative policy in place. Officials indicated at their last meeting in March that the easy policy will stay in place until it produces stronger employment and inflation, and won’t be adjusted based merely on forecasts.

Nearly 2.4 million Americans were unemployed for at least a year, according to the March jobs report from the Bureau of Labor Statistics. That represents 24% of all unemployed. Long-term joblessness is increasing even as the U.S. unemployment rate fell to 6% in March, an unusual dynamic during recessions according to economists.

2020 Property Tax Increases Outpaced Inflation. “Homeowners across the United States in 2020 got hit with the largest average property tax hike in the last four years, a sign that the cost of running local governments and public school systems rose well past the rate of inflation. The increase was twice what it was in 2019,” said Todd Teta, chief product officer for ATTOM Data Solutions. “Fortunately for recent home buyers, they have mortgages with super-low interest rates that somewhat contain the cost of home ownership.

The current mortgage rates are still at a historically low level, and it is still recommended to lock in interest rates.

美联储在3月会议上发布了会议纪要，在会议纪要中，通货紧缩政策得以落实。官员们在上次会议上表示，宽松的政策将保持不变，直到它产生更强劲的就业和通货膨胀，并且不会仅仅根据预测进行调整。

劳工统计局（Bureau of Labor Statistics）周五公布了3月份的就业报告，据统计，近240万美国人至少失业了一年。占所有失业者的24％。即使3月份美国失业率降至6％，长期失业仍在增加。经济学家说这是经济衰退期间的不寻常动力。

2020年房产税增幅超过通货膨胀率。 “ 2020年全美的房主遭受了过去四年平均最高的房产税上调，这表明地方政府和公立学校系统的运营成本远远超过了通货膨胀率。增长幅度是2019年的两倍是在。” ATTOM数据解决方案首席产品官Todd Teta说道。 “对于最近的购房者来说，幸运的是，他们拥有的超低利率抵押贷款在一定程度上包含了购房成本。

现在的贷款利率还是处在历史低位，还是建议锁定利率。

Economic Calendar

Report

Period

Estimate

Impact

Date: Tue. Apr 13

Consumer Price Index (CPI)

Mar

0.5%

High

Core Consumer Price Index (CPI)

Mar

0.2%

High

Date: Wed. Apr 14

Beige Book

Apr

Moderate

Date: Thu. Apr 15

Housing Market Index

Apr

Moderate

Philadelphia Fed Index

Apr

41.3

Moderate

Retail Sales

Mar

4.7%

High

Retail Sales ex-auto

Mar

3.0%

High

Empire State Index

Apr

16.25

Moderate

Date: Fri. Apr 16

Building Permits

Mar

1.750M

Moderate

Housing Starts

Mar

1.613M

Moderate

Consumer Sentiment Index (UoM)

Apr

88.6

Moderate

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.