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

News & Resources

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
Like any economic trends, predicting where they might go is an imprecise science. We can make educated guesses, but the biggest moves often catch us by surprise. Read More
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: Fed Proves Surprisingly Capable of Intraday Inspiration

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...

...(read more)

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

Differences Between Previous and Current FOMC Statements

Information received since the Federal Open Market Committee met in SeptemberOctober indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a strong pace, business fixed investment and exports remain weak. On a 12-month basis, overall inflation and inflation for items other than food and energy are running below 2 percent. Market-based measures of inflation compensation remain low;...

...(read more)

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