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An irony of the times is that in this age of automated mortgage application platforms, Loan Officers  are increasingly dependent on online c reviews and client recommendations  for new business prospects. Younger clients, especially, rely on friends, family, and online comments for guidance before selecting the firms and individuals they want to do business with. Read More
Did your spending habits get a little out of control in December? January is the perfect time to get your finances back in order after the most expensive, shopping-filled month of the year. One easy way to cut costs is to reduce your energy consumption. Read More
New American Funding has been named a Best Mortgage Companies to Work For by National Mortgage News and Best Companies Group for 2019. The national mortgage lender ranked 31st in the nation. Read More
New American Funding, a national leader in mortgage lending, is honored to have received the exclusive Better Business Bureau (BBB) Torch Award for their solid commitment to ethics and trust in the marketplace. The award was presented Friday, Dec. Read More
With temperatures falling and thoughts increasingly turning to turkeys, tinsel and other holiday traditions, late fall and winter would hardly seem the best time of year to buy a house. Yet if you’re willing to uncurl yourself from in front of the fireplace to dodge the coming snowflakes and raindrops, you may find a great homebuying bargain this holiday season. Read More
Tree lightings, theme celebrations, parades, artisan foods and crafts and holiday décor of all types can now be found in many cities throughout the United States. Some are elevating holiday festivals to the standout event of the year now, with celebrations lasting from November through mid or late January. Read More
With 2018 soon vanishing in our rear-view mirrors, it’s time to peer into our crystal ball to gain a sense of the housing trends that will prevail in 2019. Because projecting the future is an inexact science – despite the reams of statistical data we rely on to develop these erudite estimates – we offer only one ironclad guarantee: 2019 will arrive on schedule, January 1 at midnight. Read More
Have you been procrastinating on home improvements? With the holidays coming up, guests will be visiting your home and you want it to impress! Whether you have additional time off from work or not, holidays can be a great time to catch up on  home improvement projects. If you’ll have guests over this holiday season, why not take this time to put some effort into creating a welcoming space for your family and friends. Read More
Turkey, parades, football games, favorite side dishes – Thanksgiving Day is an American celebration rich in tradition. A few date back decades while others are being added to the mix each year. Read More
Any day is a good day to reduce your outstanding balances. This especially true given that most American workers’ take-home pay recently rose as new, lower tax brackets took effect. Read More
The care and attention you show your lawn, flowers, vegetables, or other landscaping plants can draw more than the appreciation of your neighbors. It can also make them quite inviting to hungry rabbits, not to mention deer, field mice, moles, cats, and raccoons. Read More
Hello everyone and welcome back to the Mortgage Rundown. Today we are going to talk about what’s happening in the capital markets. Read More
With the economy strengthening throughout 2017 and general expectations for it to continue to be healthy, it’s believed that the Federal Reserve Bank (Fed) will increase interest rates during 2018. The increases are expected to be small and are being done to bring the overall level of short-term rates back to what is considered by economists as a "neutral position. Read More
While March 23 is National Puppy Day, any day you find yourself looking into a pair of adoring brown eyes and see a wagging tail has the potential for being a day to celebrate puppies. It's just as likely to also be the day you open your home to a new family member. Read More
Hello everyone and welcome back to the Mortgage Rundown. Today we are going to talk once again about what’s happening with interest rates. Read More
SocialSurvey, an online reputation management service, has announced that 16 Loan Officers from New American Funding ranked in the Top 100 Loan Officers for Customer Satisfaction, which is the most representation from any mortgage company in the nation. New American Funding’s Amber Ernst tied for the #1 spot, Johnny Dykes ranked in the Top 10, and New American Funding won the award for Top 10 Large Mortgage Company for Customer Satisfaction. Read More
When it comes to gated communities, clients can harbor a number of misperceptions about the benefits this type of housing offers versus its price. Whether they are sold on the concept or opposed to it, a reality check is likely in order. Read More
Many young adults dream of making the switch from renting to owning a home. When these aspiring homeowners are also your kids, it's only natural to want to help. Read More
As you start prepping to move from your current residence to your new one, include your pets in the process since these family members tend to like familiarity. To minimize their stress levels and maximize their comfort in the face of this big change, here are some things to keep in mind as you make the big move. Read More
Today we are going to talk once again about what’s happening with interest rates. The 10yr Treasury is floating right around 2. Read More
Let’s face it…we all have dirty laundry, literally. Whether it’s something you do weekly—or, for some families, daily—having a dedicated and organized laundry room in your home makes it easier to get the job done. Read More
Whether you are already a homeowner or thinking about buying your first home, the new tax laws—officially known as the Tax Cuts and Jobs Act (TCJA)—will challenge how you think about your home loans, especially your Home Equity Line of Credit (HELOC). What Changed In addition to flatter tax brackets, TCJA eliminates many popular deductions for individual taxpayers, and puts new limits on those that remain. Read More
If you are like many U. S. Read More
After the ink dries on your closing agreement and you test the keys in the lock, it’s time to face the prospect of turning that now empty house into your next home. So, how do you satisfy your champagne decorating tastes on what’s likely to be the diet cola budget you have left? Here are some pointers on how to fill your home with furnishings while holding onto what’s left of your nestegg. Read More
Welcome back to the Mortgage Rundown. Today we are going to talk what’s happening with interest rates. Read More
Ready to get serious about homeownership? Then it’s probably time to start saving for a down payment. While down payments can seem like a challenge, they are really like any other goal you set for yourself, doable. Read More
Many of us avoid budgets. Maybe it’s the name, or perhaps the assumption that being on one requires giving up the things we want. Read More
Debt is one of those things that can be both hard to live with and hard to live without. Many of us choose the former. Read More
It used to be that the type of home you had determined the type of dog you chose. Today, the reverse is increasingly true. Read More
Whether you are already a homeowner or thinking about buying your first home, the new tax laws—officially known as the Tax Cuts and Jobs Act (TCJA)—will challenge how you think about the cost of homeownership. What the TCJA should not change is the reason you choose to own a home, which is more likely to involve quality-of-life and wealth-accumulation goals rather than your tax bill. Read More
In many parts of the country, potential homebuyers have encountered a low number of homes for sale. According to many real estate analysts, the situation is unlikely to improve any time soon, as more Millennials decide they are ready to make their move into homeownership. Read More
NerdWallet has named New American Funding a two-time winner in its annual Best-Of Awards Program, which highlights the top financial companies and products nationwide for 2018. The consumer finance website selected New American Funding as a Best Mortgage Lender for First-Time Home Buyers with Low Credit Scores and a Best FHA Lender for Borrowers with Nontraditional Credit Histories. Read More

Feeds

MBS RECAP: One of Three Things is Going on With Bonds

Posted To: MBS Commentary

Bond markets sold-off today in a slightly more alarming way than we've seen so far in 2019. This was accompanied by 11th straight trading session where stocks closed higher than they opened, as well as the best S&P prices in more than a month. One of three things could be going on. At face value, this is alarming . The first option is that all of the above is cause for concern. After all, we were worried about stocks and bonds reversing course in 2019 after the strong and correlated move in late 2018. This is the worst case scenario, but not necessarily a guaranteed scenario. The 2nd option is that all of the above is a 'false alarm.' Perhaps stocks are overly optimistic about a trade deal. Perhaps markets are too smart for their own good thinking they know what will happen...(read more)

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Mortgage Rates Nominally Higher Despite Bond Market Warning

Posted To: Mortgage Rate Watch

Mortgage rates rose gently today. Most mortgage borrowers (and many mortgage professionals, for that matter) wouldn't be aware of slightly more alarming risks lurking underneath the surface. Those risks involve the broader bond market from which mortgage-related bonds take their directional cues. More simply put, if US Treasuries are improving, mortgage-backed bonds tend to improve as well. The level of correlation varies though. For nearly all of 2018, mortgages weren't improving as quickly as the most widely-used rate benchmark: 10yr Treasury yields. That began to change recently--especially when 10yr yields began moving higher 3 weeks ago. During that time, we've seen moderate moves higher in 10yr yields met with modest moves higher in mortgage rates. Today was another one of those days...(read more)

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