< 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 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)

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

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)

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