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Maintaining your home is a work in progress. Not caring for it properly may result in expensive home repairs down the line that could have been avoided with a little prevention. Read More
With the rise of the internet and smartphones over the past 20 years, prospective homebuyers are steadily changing the way they shop for houses. Many homebuyers are beginning and ending their search online. Read More
For many first-time homebuyers, buying your first home may be overwhelming and all of the costs and fees involved may be confusing. But what exactly is a Loan Origination fee? It’s something every homeowner should understand when buying a house and the good news is, it’s not as complicated as you may think. Read More
One of the major challenges for homeowners, especially first-time homebuyers, is saving for a down payment. But before you start saving and figuring out how much of a down payment you need for your home, let’s take a closer look at what exactly a down payment is. Read More
You may have heard about rent-to-own homes or even seen them advertised on a sign in or around your neighborhood. They are often aimed at those with less-than-stellar credit or who can’t get conventional financing or don’t have enough for a down payment. Read More
  New American Funding has been named a Top Mortgage Workplace by Mortgage Professional America for 2019. The national mortgage lender ranked No. Read More

Feeds

MBS RECAP: Bonds Face Some Pressure as Correction Extends

Posted To: MBS Commentary

There haven't been many market moving headlines over the past 2 days with the exception of Germany removing the veil of secrecy from its fiscal stimulus discussions. That hit bonds on Friday and again in the overnight session. Otherwise, we've been essentially free from headline drama since Thursday afternoon (and no, Trump's dinner with Tim Cook wasn't a market mover). With all of the above understood, now consider that which came before it: plenty of headlines and plenty of gains in bonds (and losses in stocks). Putting two and two together, these news-free days have afforded the bond market (and stocks) a relatively innocuous opportunity (so far) to move in more of a corrective direction (i.e. higher yield) after 6 of the previous 11 days saw some of the biggest rallies in...(read more)

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Mortgage Rates Hold Relatively Steady Despite Bond Market Weakness

Posted To: Mortgage Rate Watch

Mortgage rates mostly held steady today , despite a move higher in broader interest rate indicators like the 10yr Treasury yield. Treasuries and mortgage rates typically track each other quite well, but that relationship has broken down in recent weeks due to the rapid drop in rates and the increase in volatility. The mortgage sector has a much tougher time adjusting to new realities compared to Treasuries. In other words, mortgage rates haven't been able to move lower nearly as quickly (though they have still managed to hit their lowest levels since 2016). The upside to that problem is that we get days like today where Treasury yields rebound without significantly damaging mortgage rates. In fact, many lenders are offering the same rates seen on Friday. Loan Originator Perspective Bond markets...(read more)

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