Franklin Loan Center

2020 Housing Market Forecast Predictions according to the experts...

We have the ability to close loans quickly! Our team of experts work diligently to make this as quick, and as painless as possible. Contact me for more information! . . . Gino Olivo... Loan Officer NMLS 313417 Franklin Loan Center 805.279.9333 [email protected] See more

Check out Franklin Loan Center's new proprietary Bridge Loan Program. We say YES when others say NO. Contact me for more details! . . . Gino Olivo... Loan Officer NMLS 313417 Franklin Loan Center 805.279.9333 [email protected] See more

Trick-or-treating fun facts -50% of Americans decorate their home or yard for Halloween. -18% of Americans dress their pets in costumes. Most popular pet costumes: Pumpkin, Hot Dog, Bumble Bee... - Most households pass out 2-3 pieces of candy to trick-or-treaters. Americans splurged $2.6 billion on candy in 2018 - America's Favorite Halloween candy: Reese's Peanut Butter Cups - Potential trick-or-treating stops: 122 million (occupied housing units). WOW, that's a lot of candy! - The U.S. produces 2 BILLION pounds of pumpkins each year 80% of which is available during October. - 45% of Americans carve pumpkins for Halloween. - The tradition of carving jack-o-lanterns comes from 19th-century Ireland, where turnips and potatoes were originally used. Sources: National Retail Federation | WalletHub | CandyStore | U.S. Census Bureau | Finder.com

Overview: Over the past week, a trade deal with China reached on Friday was negative for mortgage rates, while the domestic economic data had little impact. As a result, rates ended the week higher. The latest round of trade talks between the U.S. and China produced a limited trade deal in which China agreed to purchase $40 to $50 billion of American farm products. In return, the U.S. will not implement tariff increases that had been scheduled for next week. Difficult issues... such as the protection of intellectual property rights will be discussed at later meetings. This positive step in the trade talks raised the outlook for future global economic activity and inflation, which was unfavorable for mortgage rates. In September, retail sales fell far short of the expected levels with a decline of 0.3% from August. However, the results for August were revised higher, and it appears likely that the weakness in September was just a pause in spending after two unusually strong months. The retail sales data is a closely watched indicator of U.S. economic growth each month. The 3-month average is now right on track with the solid pace of gains seen for most of this year, and the reaction to the report was minor. The other major data released over the past week revealed that core inflation held steady. The Consumer Price Index (CPI) is a widely followed monthly inflation report that looks at the price change for goods and services. In September, core CPI, which excludes the volatile food and energy components, was 2.4% higher than a year ago, the same annual rate of increase as last month. Week Ahead: October 17- New residential construction report (Housing stats) October 22- Existing Home Sale report October 24- New Home sale report October 24- European Central Bank meeting

In the U.S., a burglary occurs every 22 seconds1, so it's important to take measures to keep your home secure no matter the time of year. 1. Lock up! If you tend to forget to lock the house when you leave, invest in a smart lock that automatically locks your door after a designated period of time, or lets you manually lock it from an app. 2. Light things up! Even though most break-ins occur during the day, you shouldn't rule out nighttime as a possibility.... 3. Get a security system! The options for home security systems are growing and becoming increasingly affordable, and many can be monitored right from your smartphone. 4. Use landscaping wisely! Placing thorny plants (like rose or barberry bushes) underneath windows can be a helpful deterrent. Cover the garden bed with a layer of gravel, which provides a noisy walkway that criminals will want to avoid. 5. Befriend the neighbors! For additional peace of mind, join the neighborhood watch program, which connects you with local residents who are on the lookout for suspicious activity and can help report anything questionable to the authorities. Is it time to tap into your equity to beef up your home security? Or maybe you'd like to be in a neighborhood that goes all-out at the holidays. Whatever your home needs are, we can find a solution and that's not a trick!

Key dates for a fun, festive month: - OCT 4: National Taco Day: - OCT 9: Fire Prevention Day - OCT12: National Chess Day - OCT 14: Indigenous Peoples’ Day... - OCT 23: Unity Day/National Stop Bullying Day - OCT 31: HALLOWEEN! - Fun facts about October: The National Basketball Association (NBA) and the National Hockey League (NHL) both kick off their seasons in October. See more

Mortgage rates moved lower after two straight weeks of increases, which should allow the housing market to remain strong. Read more on Market Watch:

Low rates could push mortgage refinancings to a near-three-year high, the Mortgage Bankers Association said in its latest forecast.

Time to buy? Frank Nothaft, executive economist at CoreLogic, discusses the current real estate environment! Click on the link below to watch the video.