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Whether it’s a larger kitchen for future holiday entertaining or a wave of inspiration after visiting your in-laws’ new condo, you may find yourself ready to make some changes. Replace Versus Remodel When it comes to updating your home, the first question you need to ask yourself is, “How long do I plan to stay in this house?” You may be in your home for the duration, which means customizing it to your needs and personal tastes makes sense. Read More
Previously considered nontraditional buyers, single people now account for 24 percent of home purchasers. The decision to own alone crosses all age groups from young, first-timers to a growing number from the 55-and-over category. Read More
I have heard no better analogy in describing the post-election euphoria around future GDP and interest rates than comparing the state of the markets to an escalator. In many people’s minds the economy, thanks to historically low interest rates for an extended period of time has put the US economy onto an escalator which will continue to rise for the years to come. Read More
Real estate has always been about location, location, location. That hasn’t changed. Read More
After making your monthly car, rent, and student loan payments, then spending what you need for essentials, saving money can be tough. If what you are trying to save for is a home, the prospect of putting away enough for a down payment may seem daunting, but it’s not impossible. Read More
You've probably heard of curb appeal, but what about a home's air appeal? It may not seem necessary to consider what your property looks like from above, but if current trends involving the use of drones in real estate are any indication, it may be much more important soon. Drones are making it easier to get a unique look at a home. Read More
Fads and trends come and go, but they tend to stick around longer when propelled by necessity. This may be the case with a new interest among first-time homebuyers in what's being called "micro-housing. Read More
Tustin, CA – New American Funding, a national mortgage banker, announced today that its President, Patty Arvielo, has been named the recipient of the Business Award presented by the LA Times and Hoy newspapers and will be recognized at the Latinos de Hoy (LDH) Awards ceremony. This 4th annual bicultural event salutes the contributions Latinos make to America by honoring those who have exemplified leadership, service, and dedication amongst peers and to the next generation. Read More

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The impact of Tuesday's Presidential election is still sending shockwaves around the globe. It's too early to tell what the next four years will look like so I want to send out this quick update on the recent events in the bond and stock markets. Read More
Tustin, CA – Inc. magazine today ranked New American Funding on its 35th annual Inc. Read More
We all dream about purchasing that gorgeous second home in the mountains, on the beach or way out in the countryside. A vacation home, after all, is a great way to ensure infinite good times with our friends and family for years to come. Read More
When sprucing up your home before a sale, make sure you do not forget about the exterior. It is easy to become preoccupied staging the home's interior and updating key rooms, but failing to think about the curb appeal of your property could cost you. Read More
While the current environment of low interest rate mortgages bodes well for those looking to enter the housing market, it's also great news for financially-savvy homeowners. According to statistics from Freddie Mac, the going rate for a 30-year fixed mortgage is at its lowest in decades. Read More
I had the unique fortune to be in London shortly after the Brexit vote just a few weeks ago and talked to a few Brits about their opinions on Brexit itself. By and large the vote was not about national security and had more to do with the EU controlling their country instead of their own elected democracy. Read More
For the third year in a row, millennials comprise the highest share of homebuyers in the U. S. Read More

Feeds

Mortgage Rates Down 0.25% This Week

Posted To: Mortgage Rate Watch

At the end of last week, the average top-tier 30yr fixed mortgage rate quote was 4.375%. As of today, the exact same scenario would be at 4.125%--a quarter of a percentage point lower. That's an uncommonly big move for a single week, but it's one we've been tracking eagerly in recent days. Why is it happening? The first phase of the move had to do with the Fed's surprisingly friendly policy announcement on Wednesday. Due to the time of day that the Fed news came out, markets didn't have a chance to fully react to it until yesterday. Even so, the drop in rates was already much bigger than average. But this morning took it to the next level. In the middle of the night (in the US, anyway), economic data for Europe was released that showed a serious slowdown in German and French manufacturing....(read more)

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Freddie Downgrades Economic Forecast but Bullish on Housing

Posted To: MND NewsWire

Like virtually all the experts, including those at the Federal Reserve, Freddie Mac's economists have reduced their expectations for economic growth . The company's March forecast is for growth in the first quarter of 2019 to shrink to 1.2 percent. They do see it regaining its footing later in the year, but it will still decelerate from 2018 to 2.0 percent this year and 1.8 percent in 2020. They blame the first quarter retrenchment on a decline in residential fixed investment, consumer spending, and the effects of the partial government shutdown in January. The economists see a brighter picture for the real estate market , with the significant decline in mortgage rates since last fall being one of the main drivers of improvement. The forecast is for existing home sales to bounce back and trend...(read more)

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