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

 

 

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


Refinance
Refinance Basics, Loan Calculators


Free Consultation

 

 

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 2,500 clients throughout the state of California.

Alternative Mortgage Sources is a full service mortgage broker offering expertise in every area of mortgage lending...from purchases to refinancing. We have access to a full range of mortgage sources to find 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.

Beth Hoffman, dba Alternative Mortgage Sources,
CA Dept. Of Real Estate Real Estate Broker, DRE # 00685309
NMLS #337855/NMLS #338105

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 2,500 clients throughout the state of California.

Alternative Mortgage Sources is a full service mortgage broker offering expertise in every area of mortgage lending...from purchases to refinancing. We have access to a full range of mortgage sources to find 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.

Beth Hoffman, dba Alternative Mortgage Sources,
CA Dept. Of Real Estate Real Estate Broker, DRE # 00685309
NMLS #337855/NMLS #338105

 

ISM Non-Manufacturing Index hits record high

03-Dec-21 10:29 ET

10-Year: + 1/32 1.44%   US/JPY: 113.39  EUR/US: 1.1273

 

Data Recon

  • The ISM Non-Manufacturing Index for November increased to a record high 69.1% (Briefing.com consensus 65.0%) from 66.7% in October. The dividing line between expansion and contraction is 50.0%. The November reading marks the 18th straight month of growth for the services sector.
    • The key takeaway from the report is the understanding that demand shows no signs of slowing and services sector activity, which comprises the largest swath of economic activity, continues to run at a record pace even with the constraints of labor shortages, logistics problems, and difficulty in obtaining materials.
      • The New Orders Index remained at an all-time high 69.7%.
      • The Production Index rose to an all-time high 74.6% from 69.8%.
      • The Prices Index dipped to 82.3% from 82.9%, yet it was the third highest reading ever for this index.
  • Factory orders for manufactured goods increased 1.0% m/m in October (Briefing.com consensus +0.4%) following an upwardly revised 0.5% increase (from 0.2%) in September. Shipments of manufactured goods jumped 2.0% after increasing 1.0% in September.
    • The key takeaway from the report is that the pace of order growth remained positive for nondefense capital goods, excluding aircraft -- a proxy for business spending.
      • New orders for durable goods declined 0.4% m/m for the second straight month in October. New orders for nondurable goods increased 2.4% m/m in October after increasing 1.3% in September.
      • Nondefense capital goods orders, excluding aircraft, jumped 0.7% m/m in October after increasing 1.4% in September.
      • The inventory-to-shipments ratio dropped to 1.46 from 1.48.

Yield check:

  • 2-yr:   +3 bps to 0.64%
  • 3-yr:   +1 bp to  0.90%
  • 5-yr:   -1 bp to   1.20%
  • 10-yr: -1 bp to   1.44%
  • 30-yr: -1 bp to   1.76%

Bond Market Update

Prop. 19 passes, but questions about California property tax measure remain

Same-sex spouses can now get Social Security Survivor Benefits

 

ISM Non-Manufacturing Index hits record high

03-Dec-21 10:29 ET

10-Year: + 1/32 1.44%   US/JPY: 113.39  EUR/US: 1.1273

 

Data Recon

  • The ISM Non-Manufacturing Index for November increased to a record high 69.1% (Briefing.com consensus 65.0%) from 66.7% in October. The dividing line between expansion and contraction is 50.0%. The November reading marks the 18th straight month of growth for the services sector.
    • The key takeaway from the report is the understanding that demand shows no signs of slowing and services sector activity, which comprises the largest swath of economic activity, continues to run at a record pace even with the constraints of labor shortages, logistics problems, and difficulty in obtaining materials.
      • The New Orders Index remained at an all-time high 69.7%.
      • The Production Index rose to an all-time high 74.6% from 69.8%.
      • The Prices Index dipped to 82.3% from 82.9%, yet it was the third highest reading ever for this index.
  • Factory orders for manufactured goods increased 1.0% m/m in October (Briefing.com consensus +0.4%) following an upwardly revised 0.5% increase (from 0.2%) in September. Shipments of manufactured goods jumped 2.0% after increasing 1.0% in September.
    • The key takeaway from the report is that the pace of order growth remained positive for nondefense capital goods, excluding aircraft -- a proxy for business spending.
      • New orders for durable goods declined 0.4% m/m for the second straight month in October. New orders for nondurable goods increased 2.4% m/m in October after increasing 1.3% in September.
      • Nondefense capital goods orders, excluding aircraft, jumped 0.7% m/m in October after increasing 1.4% in September.
      • The inventory-to-shipments ratio dropped to 1.46 from 1.48.

Yield check:

  • 2-yr:   +3 bps to 0.64%
  • 3-yr:   +1 bp to  0.90%
  • 5-yr:   -1 bp to   1.20%
  • 10-yr: -1 bp to   1.44%
  • 30-yr: -1 bp to   1.76%

Bond Market Update

Prop. 19 passes, but questions about California property tax measure remain

Same-sex spouses can now get Social Security Survivor Benefits