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News & Resources

New American Funding, a national mortgage banker, has been named a winner in nine categories for the 15th annual Stevie American Business Awards?, which is the premier business awards program in the U. S. Read More
Grand Opening Marks Fifth Illinois Location for National Mortgage Banker California-based mortgage lender, New American Funding, is expanding its Midwest region into Naperville, IL. This newest branch marks the second Chicagoland grand opening for the mortgage company in six months. Read More
Do you offer your clients an annual loan review after their mortgages close? Now would be a good time to start. With interest rates forecasted to inch up throughout the year, many clients might benefit from refinancing. Read More
There are many considerations when deciding between renting and buying. Renting may seem like the cheaper option, but that may not necessarily be the case once you look at your possible deductions. Read More
Even with current rate trends, refinancing remains an attractive option for many clients. Rates remain rather low, on a historical basis, and as long as the U. Read More
Moving during childhood is something many of us did as kids. Whether a move is to a bigger home or a school district with more resources or related to a parent’s career or a change in marital status, it can be challenging for children. Read More


MBS RECAP: Trade Fears Hitting Stocks; Stocks Try to Take it Out on Bonds

Posted To: MBS Commentary

Bonds showed both their hands early today. The first was seen in the overnight session when decent overseas buying demand pushed yields below the incredibly solid 2.80% floor. Sellers stepped in quickly and pushed yields back into weaker territory for the start of the domestic session. Bonds' second hand came out right after the Durable Goods data. The report was plenty strong enough to justify additional bond market weakness (+3.1 vs +1.5 forecast with a 1% beat in the important "cap-ex" numbers). But after only a few minutes of fairly halfhearted weakness, bonds bounced at the same ceiling seen yesterday afternoon. With a strong floor underfoot and well-represented ceiling overhead, 10yr yields trudged sideways for the rest of the session, apparently intent on making it to the...(read more)

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Mortgage Rates Sideways to Slightly Higher Despite Stock Rout

Posted To: Mortgage Rate Watch

Mortgage rates were just barely higher in many cases today, although underlying bond markets recovered enough ground by the afternoon to suggest Monday's rates will recoup those losses. The only catch is that other factors can have an effect on bonds between now and then. If bond markets are weaker by Monday morning, this afternoon's strength will be overshadowed. Bottom line here: rates will start Monday with a very slight advantage "all things being equal." Incidentally, the reason we don't see this advantage today is that the bond market gains were small enough and happened late enough in the day that mortgage lenders didn't update their rate sheets. The source of inspiration for the aforementioned bond market strength was a much bigger move in stocks. The latter are generally freaking out...(read more)

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