Call: 310-859-0488 REQUEST A QUOTE →

Market Commentary 12/8/17

Posted on December 8, 2017 by Damon Germanides

Treasury yields and stocks rose Friday in response to a better than expected jobs report. The U.S. added 228,000 new jobs in November which beat economists’ forecasts of 195,000 jobs. Unemployment remained at 4.15%, while average hourly earnings rose .2%, lower than the expected .3%. Wage growth has remained elusive during this nine-year long economic expansion, and the lack of wage inflation has been a main factor in keeping interest rates lower for longer.

The Fed will speak next week with a nearly certain probability of announcing a rate increase in the overnight lending rate. The market will be closely watching how long term interest rates react to this rates increase as concerns of a flattening yield have been receiving some attention as of late.

We continue to remain biased toward higher rates and are advising clients to lock-in interest rates at these current levels.

(Visited 4 times, 1 visits today)

These are the opinions of the author. For financial advice, please talk to your CPA or financial professional.

Find out how we can craft your Individualized Lending Solution

GET A QUOTE →

Insignia Mortgage corporate NMLS #1277691 and DRE #01969620

Copyright © 2015 Insignia Mortgage All Rights Reserved. 9595 Wilshire Blvd. Suite 205 Beverly Hills, CA 90212

Site designed and built by Executionists

(1) Disclosures

(1) No Tax Return loans and foreign national loan products require other forms of income documentation and asset verification in lieu of tax returns. Not all applicants will qualify. Some products we oﬀer may have a higher interest rate, more points or more fees than other products requiring more extensive or different documentation. (2) Minimum FICO, reserve, and other requirements apply. Contact your loan officer for additional program guidelines, restrictions, and eligibility requirements. Rates, points, APRs and programs are subject to change without notice. Loan to values (LTV) are based on appraised value. Actual closing times will vary based on borrower qualiﬁcations and loan terms. All loans are subject to credit approval. (3) With an interest-only mortgage payment, you will not pay down the loan's principal balance during the interest-only period. Once the interest-only period ends, your payments will increase to pay back the principal and interest. Rates are subject to increase over the life of the loan. Contact your Insignia Mortgage, Inc. loan officer to determine what your payments might be once the interest-only period ends. (4) With an adjustable rate mortgage (ARM), once the fixed rate period ends, the loan payment will adjust after an initial period and then adjust on a regular basis as set forth in the loan documents. For example, a “3/1” loan will have an interest adjustment 3 years after the loan closes and every 12 months thereafter. Also, the loan will be subject to annual and lifetime adjustment caps. Contact your Insignia Mortgage loan officer to determine what your payments might be once the fixed rate period of the loan ends. (5) Insignia Mortgage, Inc., is a real estate broker licensed by the CA Bureau of Real Estate, DRE #01969620, NMLS #1277691

(2) Disclosures

(1) Minimum FICO, reserve, and other requirements apply. Contact your loan officer for additional program guidelines, restrictions, and eligibility requirements. Rates, points, APRs and programs are subject to change without notice. Actual closing times will vary based on borrower qualiﬁcations and loan terms. All loans are subject to credit approval. (2) “Loan to Cost” (LTC) is defined as the acquisition price of the property plus the cost to build as determined by a bank appraisal. Contact your loan officer for additional program guidelines, restrictions, and eligibility requirements. (3) With an interest-only mortgage payment, you will not pay down the loan's principal balance during the interest-only period. Once the interest-only period ends, your payments will increase to pay back the principal and interest. Rates are subject to increase over the life of the loan. Contact your Insignia Mortgage, Inc. loan officer to determine what your payments might be once the interest-only period ends. (4) With an adjustable rate mortgage (ARM), the loan payment will adjust after an initial period and then adjust on a regular basis as set forth in the loan documents. For example, a “3/1” loan will have an interest adjustment 3 years after the loan closes and every 12 months thereafter. Also, the loan will be subject to annual and lifetime adjustment caps. Contact your Insignia Mortgage loan officer to determine what your payments might be once the fixed rate period of the loan ends. (5) Insignia Mortgage, Inc., is a real estate broker licensed by the CA Bureau of Real Estate, DRE #01969620, NMLS #1277691.