Clift Mortgage

Archive for the ‘Newsletters’ category

INFO THAT HITS US WHERE WE LIVE … One could be pessimistic if one only paid attention to the headline numbers of some economic reports. Take Housing Starts, which declined 2.6% in January. But there was plenty to be optimistic about. First, January’s 1.246 million unit annual rate handily beat expectations. Next, the dip was all […]

INFO THAT HITS US WHERE WE LIVE … Put in that extra effort and good things will happen. Good things are happening in the housing market, as Fannie Mae’s Home Purchase Sentiment Index (HPSI) reported that housing confidence in December reversed its five-month decline, heading up 2 percentage points, with personal finance optimism reaching a […]

INFO THAT HITS US WHERE WE LIVE … Last week, two parts of the housing market seemed to have difficulties. We start with Existing Home Sales, which dipped 2.8% in December, to a 5.49 million unit annual rate. But even with this monthly decline, 2016 was the best year in a decade for existing home […]

NFO THAT HITS US WHERE WE LIVE … No matter what resolutions we’re trying to keep, we should all be happy to see the year getting off to a pretty good start. The Mortgage Bankers Association’s Weekly Applications Survey for the week ending January 6 had purchase applications up 6% over the week before. It […]

INFO THAT HITS US WHERE WE LIVE … In the housing market we’re in the business of making people’s dreams come true. Lately, some are saying that fewer people may have those dreams realized and the housing recovery may stall. Why? Because mortgage rates have crept up a little. This is patently absurd. Average interest […]

INFO THAT HITS US WHERE WE LIVE … Those of us who are optimistic about the housing market were well looked after last week. The National Association of Realtors (NAR) reported Pending Home Sales in October hit their highest pace since July. This was only a slight gain over September, but 1.8% ahead of a […]

QUOTE OF THE WEEK… “A day without laughter is a day wasted.” –Charlie Chaplin, English comic actor, filmmaker and composer INFO THAT HITS US WHERE WE LIVE … Whether or not there was any laughter at the Fed, last Wednesday looked like a day wasted there, as they had their meeting, didn’t touch rates and didn’t […]

INFO THAT HITS US WHERE WE LIVE … Well, FOMC Minutes from their September meeting revealed the Fed isn’t going anywhere with rates because they’re worried about the economy. Yeah, yeah, Fed Chair Janet Yellen said, “Our decision does not reflect a lack of confidence in the economy.” But then she expanded on this by […]

INFO THAT HITS US WHERE WE LIVE … Those aiming for perfection in the housing recovery would agree it is indeed quite elusive. Last week’s reports proved to be anything but perfect. New Home Sales were down 7.6% in August, to a 609,000 annual rate. But let’s remember, home sales data are extremely volatile month […]

INFO THAT HITS US WHERE WE LIVE … We who work in the housing market may love what we do a lot, yet success as measured by the economic reports isn’t too consistent. For example, Housing Starts slipped 5.8% in August, to a 1.142 million unit annual rate. But this follows strong reports for June […]

This material is not from HUD or FHA and has not been approved by HUD or any government agency. Equal Housing Opportunity Lender

Clift Enterprises Inc.

360-683-4848 office
803 Carlsborg Rd., Suite C, Sequim, WA 98382

360-457-7654 office
330 E. 1st St., Ste 3, Port Angeles, WA. 98362

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