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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: Fed Proves Surprisingly Capable of Intraday Inspiration

Posted To: MBS Commentary

We moved from NFP not mattering (and then causing a surprisingly big intraday stir) to the Fed undergoing quite a similar routine. Granted, in the bigger picture, neither event will be memorable or have a lasting impact on rate momentum, but they both came as close as they could. Today's reaction to the Fed was the opposite of the reaction to last week's NFP (a fact that only reinforces NFP "not mattering" since yields have now traded well below pre-NFP levels). I'd argue that today's reaction to the Fed was also a bigger surprise and based on more interesting underlying details. Specifically , Fed Chair Powell's thoughts on inflation were delivered in a slightly newer and more bond-friendly way. He unequivocally said there wouldn't be any rate hikes unless...(read more)

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Mortgage Rates Improve After Fed Announcement

Posted To: Mortgage Rate Watch

Mortgage rates improved today following the Federal Reserve's policy announcement and Fed Chair Powell's press conference. The Fed doesn't set mortgage rates (their policy rate applies to 1-day loans between banks whereas mortgages obviously last a lot longer). But the Fed's monetary policy stance can definitely cause volatility in the broader bond market (which DOES impact mortgages). That was the case today and the impact was positive. Markets correctly assumed that the Fed would neither hike nor cut its policy rate. That wasn't the source of inspiration. Rather, it was comments from Fed Chair Powell during his press conference. Simply put, the Fed is prepared to keep rates lower for longer in an attempt to keep inflation slightly higher than they ultimately want it to be. Their reasoning...(read more)

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