NMLS 338105

1 (866) 861-5708

BETH HOFFMAN
BROKER/OWNER

   NMLS 337855


   

 

NMLS 338105

1 (866) 861-5708

BETH HOFFMAN
BROKER/OWNER

   NMLS 337855


   

 

New Home Purchase
Purchase Basics, Qualification, Loan Calculators (How much home can you buy?)


Refinance
Refinance Basics, Loan Calculators


Free Consultation

 

CLICK HERE FOR CREDIT

New Home Purchase
Purchase Basics, Qualification, Loan Calculators (How much home can you buy?)


Refinance
Refinance Basics, Loan Calculators


Free Consultation

 

CLICK HERE FOR CREDIT

Alternative Mortgage Sources is an independent loan brokerage owned and operated by Broker/Owner Beth Hoffman since 1986. Beth has earned a reputation for "demystifying the loan process" while delivering superior service to over 2,000 clients throughout the state of California.

We're a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending...from purchases to refinancing. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan — with the best rates, terms and costs — to meet our clients' unique needs. But that's just the beginning. Throughout the lending process, we provide regular loan updates and progress reports so clients always know the status of their loan.

And at Alternative Mortgage Sources, you not only have access to the best loans available in the marketplace, but you can review loan alternatives at your convenience, online, 24 hours a day — right here at AlternativeMortgageSources.com.

Licensed by the California Department of Real Estate
License number 00685309

Alternative Mortgage Sources is an independent loan brokerage owned and operated by Broker/Owner Beth Hoffman since 1986. Beth has earned a reputation for "demystifying the loan process" while delivering superior service to over 2,000 clients throughout the state of California.

We're a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending...from purchases to refinancing. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan — with the best rates, terms and costs — to meet our clients' unique needs. But that's just the beginning. Throughout the lending process, we provide regular loan updates and progress reports so clients always know the status of their loan.

And at Alternative Mortgage Sources, you not only have access to the best loans available in the marketplace, but you can review loan alternatives at your convenience, online, 24 hours a day — right here at AlternativeMortgageSources.com.

Licensed by the California Department of Real Estate
License number 00685309

ISM Manufacturing Index Remains in Expansion; Construction Spending Falls

3-Aug-20 10:45 ET

10-Year: - 4/32  0.561%   US/JPY: 106.35    EUR/US: 1.1727

Data Recon

  • The ISM Manufacturing Index for July increased to 54.2% (Briefing.com consensus 53.4%) from 52.6% in June. This was the second straight month the index has been above 50.0% (the demarcation level between expansion and contraction) after cratering to a low of 41.5% in April (the lowest since April 2009).
  • The key takeaway from the report rests in the understanding that manufacturing conditions are rebounding from the abyss of three straight monthly contractions (March-May). To be sure, manufacturng conditions were better in July than they were in prior months, but it is still a stretch to say that manufacturing activity is robust since uncertainty about the demand outlook remains high.
  • The New Orders Index climbed to 61.5% from 56.4%.
  • The Production Index rose to 62.1% from 57.3%.
  • The Employment Index increased to 44.3% from 42.1%.
  • The Prices Index jumped to 53.2% from 51.3%
  • The Backlog of Orders Index advanced to 51.8% from 45.3%.
  • The New Export Orders Index edged up to 50.4% fro 47.6%.
  • Total construction spending declined 0.7% m/m in June (Briefing.com consensus +1.3%) on the heels of an upwardly revised 1.7% decline (from -2.1%) in May. Total private construction spending was down 0.7% and total public construction spending was also down 0.7%.
  • The key takeaway from the report is that total construction spending was up 0.1% yr/yr despite the adverse effects of the pandemic, bolstered by the strength of nonresidential public construction spending (+5.7% yr/yr).
  • Total residential spending was down 1.4% while total nonresidential spending decreased 0.2%.
  • The decline in private construction spending was driven by a 1.5% decline in residential spending, which was paced by a 3.6% decline in new single-family construction. Nonresidential spending rose 0.2% m/m, aided by a 1.7% increase in manufacturing spending.
  • The decline in public spending was driven by a 0.8% decline in nonresidential spending, paced by a 2.7% decline in educational spending and a 1.7% decline in highway and street spending.

Yield Check:

  • 2-yr:    +1 bp to 0.11%
  • 3-yr:     +1 bp  to 0.12%
  • 5-yr:     +1 bp  to 0.22%
  • 10-yr:   +2 bps to 0.56%
  • 30-yr:   +4 bps to 1.24%

Bond Market Data

In the News...


Treasury yields have fallen. Why haven't mortgage rates followed?

Read full article here...


Visit our Archive of Mortgage Articles


 

ISM Manufacturing Index Remains in Expansion; Construction Spending Falls

3-Aug-20 10:45 ET

10-Year: - 4/32  0.561%   US/JPY: 106.35    EUR/US: 1.1727

Data Recon

  • The ISM Manufacturing Index for July increased to 54.2% (Briefing.com consensus 53.4%) from 52.6% in June. This was the second straight month the index has been above 50.0% (the demarcation level between expansion and contraction) after cratering to a low of 41.5% in April (the lowest since April 2009).
  • The key takeaway from the report rests in the understanding that manufacturing conditions are rebounding from the abyss of three straight monthly contractions (March-May). To be sure, manufacturng conditions were better in July than they were in prior months, but it is still a stretch to say that manufacturing activity is robust since uncertainty about the demand outlook remains high.
  • The New Orders Index climbed to 61.5% from 56.4%.
  • The Production Index rose to 62.1% from 57.3%.
  • The Employment Index increased to 44.3% from 42.1%.
  • The Prices Index jumped to 53.2% from 51.3%
  • The Backlog of Orders Index advanced to 51.8% from 45.3%.
  • The New Export Orders Index edged up to 50.4% fro 47.6%.
  • Total construction spending declined 0.7% m/m in June (Briefing.com consensus +1.3%) on the heels of an upwardly revised 1.7% decline (from -2.1%) in May. Total private construction spending was down 0.7% and total public construction spending was also down 0.7%.
  • The key takeaway from the report is that total construction spending was up 0.1% yr/yr despite the adverse effects of the pandemic, bolstered by the strength of nonresidential public construction spending (+5.7% yr/yr).
  • Total residential spending was down 1.4% while total nonresidential spending decreased 0.2%.
  • The decline in private construction spending was driven by a 1.5% decline in residential spending, which was paced by a 3.6% decline in new single-family construction. Nonresidential spending rose 0.2% m/m, aided by a 1.7% increase in manufacturing spending.
  • The decline in public spending was driven by a 0.8% decline in nonresidential spending, paced by a 2.7% decline in educational spending and a 1.7% decline in highway and street spending.

Yield Check:

  • 2-yr:    +1 bp to 0.11%
  • 3-yr:     +1 bp  to 0.12%
  • 5-yr:     +1 bp  to 0.22%
  • 10-yr:   +2 bps to 0.56%
  • 30-yr:   +4 bps to 1.24%

Bond Market Data

In the News...


Treasury yields have fallen. Why haven't mortgage rates followed?

Read full article here...


Visit our Archive of Mortgage Articles