Residential First Capital

CA and WA experts in residential funding. Everything from Private Money to Institutional Loans | Cal BRE #00714065 NMLS #177207

[Residential First Capital @ResFirstCapital]

Our mission is to provide a full array of competitively priced loan programs for our client base. FHA, VA, Reverse Mortgages, Non-QM, Private Money, conventional + Jumbo loans.
We focus on creating a team effort to ensure a smooth transaction.
Reach out today
[email protected]

[Residential First Capital @ResFirstCapital]

There are many opportunities to invest in real estate. Think outside of the box and use Private Money. To learn more about everything we do, reach out to us directly.

[Inman @Inman]

Homebuyer affordability could improve by 9% by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts. https://t.co/39uOTrXtUl

[Haley Thayer @HaleyThayer_]

Home values are dropping and mortgage rates are starting to trend lower. It's a great time for buyers to negotiate in a market that is slowing down.
https://t.co/h1iJqJzrUN

[Residential First Capital @ResFirstCapital]

The Unemployment Rate remained at 3.7% while the Labor Force Participation Rate fell to 62.1%, below the pre-pandemic level (Feb 2020) of 63.4%. Hourly earnings rose 0.6% monthly, above the 0.3% expected.

[Residential First Capital @ResFirstCapital]

Job growth came in above expectations in November but it was the lowest print this year. Non-Farm Payrolls rose 263,000 versus the 200,000 expected and down from 284,000 in October.

[Residential First Capital @ResFirstCapital]

The inflation component inched higher to 4.6% from 4.5% in the first read. The personal savings rate fell to 2.8% from 3.3%.

[Residential First Capital @ResFirstCapital]

After two straight negative quarterly readings for economic growth in 2022, Gross Domestic Product (GDP) rose by 2.9% in the second read from Q3 and up from the first look of 2.6%. The report showed that consumer spending was up 1.7% versus the 1.4% estimated.

[BLS-Labor Statistics @BLS_gov]

Inflation Experiences for Lower and Higher Income Households https://t.co/NzrR9fzvzo #BLSdata #CPI

[The Mortgage Reports @mortgagereports]

Many wonder if we’re in a housing bubble that could burst any day. #Mortgage expert @ItsIvanSimental addresses whether or not you should be taking whispers of a housing market crash seriously on The Mortgage Reports Podcast.

https://t.co/voGheZehHK

[Lillian Wong @lillianwong]

Key Advantages of Buying a Home Today https://t.co/7QNnoXrY1V

[Inman @Inman]

Once considered affordable, housing in the Southeast is becoming more expensive. https://t.co/cBlA9oSDdX

[Residential First Capital @ResFirstCapital]

November ADP 127K vs 200K expected and down from 239K in October.
The second read on Q3 GDP 2.9% vs 2.7% expected and up from the first read of 2.6%.

[Residential First Capital @ResFirstCapital]

MBA: Market Composite Index -0.8%, Refinance Index -12.9%, Purchase Index +3.8%. the 30-yr fixed-rate mortgage fell 18bp to 6.49% for the week ending November 25.

[Residential First Capital @ResFirstCapital]

Stocks open near unchanged ahead of Fed Chair Powell this afternoon

[Residential First Capital @ResFirstCapital]

October Pending Home sales -4.6% vs -5% expected and up from the -8.7% in September.

[Residential First Capital @ResFirstCapital]

The JOLTS report shows the number of job openings inched lower to 10.334 million at the end of October. The Chicago PMI at 37.2 in November vs 47 expected and down from 45.2 in October.

[Bill McBride @calculatedrisk]

Inflation Adjusted House Prices 3.3% Below Peak
House Price-to-Rent Ratio Declines to 4.7% Below Peak https://t.co/c8Bbr4DyjN

[MortgageMarketGuide @MMGtweet]

MBA: Market Composite Index -0.8%, Refinance Index -12.9%, Purchase Index +3.8%. the 30-yr fixed-rate mortgage fell 18bp to 6.49% for the week ending November 25. #housing #rates

[National Mortgage News @NatMortgageNews]

Lenders that offer streamlined refinances in the future shouldn't be required to consider the borrower's income or employment status, @MBAMortgage argued.

By @Orla_McCaffrey

https://t.co/Pga4RcBRqu

[MarketWatch @MarketWatch]

U.S. job openings fall to 10.3 million — but labor market still too strong for the Fed https://t.co/AyUf24Dq77