< Back to all branch locations
admin login JOIN USOUR TEAM PARTNER WITH US

News & Resources

New American Funding Win Twice in NerdWallet's 2019 Best-Of Awards In NerdWallet’s annual Best-Of Awards program, which highlights the top financial companies and products nationwide, the personal finance website has named New American Funding as a 2019 two-time winner. The mortgage-industry leader has scored one of the awards in the category of Best Mortgage Lender for Purchase Loans and Best Mortgage Lender for FHA Loans. Read More
5 Good Reasons to Buy a Home Now Determining when to buy a home is a personal decision with many variables. Some may try to pinpoint the "perfect time" and end up waiting themselves out of the market, while prices and interest rates rise. Read More

Feeds

MBS RECAP: Bonds Erase Losses as Trade Deal Underwhelms

Posted To: MBS Commentary

Bonds were leading off in a slightly friendly direction during the overnight session, largely because we hadn't really heard from China with respect to yesterday's trade deal drama. Nonetheless, it seemed like more concrete steps were being taken, so markets were willing to move in a risk-on direction (better for stocks, worse for bonds) in general. The whole "not hearing from China" thing was validated right out of the gate with headlines suggesting China had concerns about US agricultural purchase requirements. Shortly thereafter, Trump tweeted harsh criticism for a WSJ article. Almost everyone assumed he was referring to yesterday's article that blew the lid off the trade deal agreement. With those two updates, suddenly, the deal didn't look like a sure thing and...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Mortgage Rates Bounce After Trade Deal Update

Posted To: Mortgage Rate Watch

Mortgage rates were somewhat distressed , to say the least, after yesterday's various news stories pertaining to the US/China trade deal. For a variety of reasons, that's the biggest consideration for financial markets at the moment, and interest rates are no exception. Rates were pushed to the upper edge of their recent range as the signing of the first phase of the trade deal looked increasingly likely by the end of the week. While both sides basically acknowledged the progress on the deal (and even the probability that it will be signed), it was not, in fact, actually signed. Additionally, several details still need to be cleared up before that happens. The absence of a more concrete trade deal conclusion proved beneficial for rates. As far as underlying bond markets are concerned, much...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.