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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
Take a look at our 2018 Housing Forecast to see what conditions will be like for purchase and refinancing and what else is in store for this year.
 
Housing Forecast 2018
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For the fifth year in a row, national mortgage lender New American Funding makes Scotsman Guide Top Mortgage Lenders list. The California-based company was ranked among entries from hundreds of mortgage companies across the country in the following categories: -Top Overall Volume: #14 - Retail Volume: #11 To view Scotsman Guide’s residential ranking, please visit: http://www. Read More
Mortgage Lender Aligns with NAHREP to Support Hispanic Wealth Project New American Funding joins the National Association of Hispanic Real Estate Professionals (NAHREP) in their commitment to increase Hispanic sustainable homeownership, and triple Hispanic household wealth in the next decade. NAHREP is a national advocate on housing policies affecting Hispanic homebuyers, and New American Funding has established an actionable plan in support of NAHREP’s Hispanic Wealth Project goal of achieving a 50% rate of US Hispanic homeownership. Read More
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
Recognizes Co-Founders on its 100 Most Influential Mortgage Executives List For the sixth consecutive year, Mortgage Executive Magazine (MEM) has named New American Funding to its list of Top 100 Mortgage Companies in America. The magazine also recognized Co-Founders of New American Funding, Rick and Patty Arvielo, on its list of 100 Most Influential Mortgage Executives. Read More
For a second consecutive year, the Los Angeles Business Journal has named New American Funding’s President, Patty Arvielo, as one of the Most Influential Lenders in L. A. 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
Soon the national conversation will turn to the vulnerability of top seeds, the “Sweet Sixteen,” and Cinderella stories. Many of us will pour over our brackets, taking part in March Madness, while the rest will be doing it out of a true love for the game. Read More
If you’re a Millennial and attended college, there is an excellent chance student debt is part of your financial life. Total U. Read More
Watch the Video Here: https://youtu. be/azNJfnexlgo It is without a doubt that if you were an investor in March of 2009, you should have bought stocks when uncertainty around the economic future thanks to the Financial Crisis was at its peak. Read More
When you’re ready to make a move, especially if it’s your first move into homeownership, you may think your budget will go farther if you focus on the condo market rather than on single-family homes. While a condo may very well be the right choice for you, be sure to weigh all the associated factors to determine the most livable housing solution. Read More
For 2017, the Pantone Color of the Year is “Greenery. ” The company chooses its annual shade of distinction based on cultural trends, and it singled out “new growth” as this year’s key theme. Read More
While you have until April 18 to file your tax return this year, you may want to consider just going ahead and getting it done now. The reason is a compelling one: If you’re getting a refund, the sooner you file, the sooner that money goes right back into your pocket for investing, saving, or spending as you wish. Read More
In the mortgage world, one area appears ready to take off: Property Assessed Clean Energy (PACE) loans. These loans, which first arrived on the scene in 2008, are gaining traction as a financing tool local governments can use to encourage energy-efficiency and water conservation-related improvements to both residential and commercial properties. Read More
Hispanic Millennial homebuyers are set to be a dominating force in the mortgage industry. However, many Loan Officers have failed to connect with this crucial demographic, and as a result have missed out on increasing their business volume. Read More
Many people have the false idea that being a landlord is as simple as quitting your day job and collecting checks every month. Don't let this day dream fool you. Read More
While we all know you can’t put a price on love, this Valentine’s Day U. S. Read More
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
Can your position in the birth order of your siblings—or not having any siblings—influence your money management style and the decisions you make around finance? Numerous academic studies—stretching over several decades—provide support for a link between birth order and money-management skills. It may not be a perfect fit, but it is a statistical one. Read More
New American Funding announced today that National Mortgage Professional (NMP) Magazine named it one of the 2017 Top Mortgage Employers in the country. This is the third year in a row that New American Funding has made the list, which is based on a survey of company employees in several categories including compensation, marketing support, company culture, and innovation. Read More
In recent decades, owning real estate has provided millions of people with an opportunity to create and retain personal wealth. For most, their home is their largest asset. Read More
While hosting an open house remains a tried-and-true way of connecting with qualified buyers and generating new client leads, results can vary. “An open house is not just about the house, it is an opportunity to grow your sphere of influence and build a stronger farm area. Read More
The first 100 days of the new administration begins as President Trump and his team race to action during this most influential time of his presidency. Leading into his inauguration, politics had dominated speculation over what executive orders and legislation would be the first order of business. Read More
As the saying goes, it takes a village. That’s the idea behind crowdsourcing, which has become an increasingly popular way for Real Estate Agents to harness the communal power of the Internet to help manage and market their businesses. Read More
Are you looking to buy your first home or refinance your existing FHA mortgage? Now may be the right time to lock in your rate. The Federal Housing Administration has decided to reduce the annual mortgage insurance premiums by 0. Read More
Whether it’s your nana, who has been coming through with a crisp $20 bill every birthday for years, or your unassuming father-in-law, if you are fortunate to be on the receiving end of help with a down payment, what’s your next move? After the expressions of heartfelt gratitude, it will require some strategy on your part. Next Steps It’s a good problem to have: family members or close friends who want to contribute to your down payment. Read More
The markets continue to make corrections in all areas as the new administration prepares to take office, and there are only a short 10 days until the inauguration of Donald Trump. What the world, and the markets for that matter, will look like are still under debate. Read More
Despite the increased access to housing information the Internet provides these days, a Real Estate Agent still plays a vital role in the home buying process. Many buyers and sellers believe they can do it alone, but it is nearly impossible to match the experience and expertise of a seasoned Real Estate Agent. Read More
If 2017 is the year you plan to make your big move—whether it’s into your first home, trading up to your dream home, adding a vacation home, or starting to accumulate an investment property portfolio—here are 10 resolutions that can help you get that much closer to achieving your goal over the next 12 months. Making Yourself at Home in 2017 Review your credit scores and history, improve their accuracy by addressing any errors, and then look for ways to improve your score. Read More
In honor of National Trivia Day, here are some facts about homeownership that may surprise you…or at least they will provide you with trivia to use throughout the day. Is patriotism at home in your town? There are 31 places in the United States that have “liberty” in their names. Read More
2017 is around the corner! While it’s a fresh start for the calendar, many of the trends that were already underway in the real estate market in 2016 may carry through to the New Year. Here’s what we see when we peer into the future. Read More
Of the many features of a home, there are several that are nearly universally valued by prospective homebuyers. One of these is a fireplace. Read More
Mortgage lending has its own language. It’s a language most clients don’t speak and may not be interested in learning. Read More
The question of whether we are right-brained or left-brained arises from the inherent need to understand ourselves better. It creates an easy shortcut for addressing choices we face in life—from which job to take to which stock to invest in, or even which home to buy. Read More
Once you have spent time finding the home you love, it's important to keep in mind that it will take some time before homeownership is a reality. House hunting begins the journey but the home-buying process is another step-by-step procedure. Read More
It used to be that home buying was regarded as the “adulting” step that came after marriage and before family. Today, not so much. Read More
As soon as that last piece of turkey is safely tucked away in the fridge, it feels like a bell goes off, giving you permission to spend. Let’s be honest—during the holidays you are going to spend on things like gifts, party giving, and party going. Read More
Tustin, CA – New American Funding, a national mortgage banker, announced today it won four awards in the 6th annual Best in Biz Awards, one gold, two silvers, and one bronze. As a result, New American Funding joins the prestigious list of five most awarded companies in this year's competition. Read More
While the bond market is performing very similar to the infamous Taper Tantrum of 2013, this is a very different market today. Recall that Taper Tantrum was about removing accommodation. Read More
Listing during the holiday season can be a bit more challenging as your clients compete with other activities for buyers’ attention. Yet it offers some bonuses as well. Read More
Social media channels were made for Real Estate Agents. Your world, after all, is about fostering connections, too. Read More
VA loans have a number of incredible benefits, including no requirements for down payment or primary mortgage insurance. Before applying for a VA Loan, however, it is vital to confirm your eligibility. Read More
The VA loan program was created in 1944 as a way to help veterans and active members of the U. S. Read More
Once you’ve obtained a preapproval or mortgage commitment letter, typically the lender approves your loan application based on conditions, which means you have to satisfy certain requirements before your loan is fully approved. Usually, those conditions fall into two categories: “prior to documents” conditions and “prior to funding” conditions. Read More
Really, this time the government means it! The Home Affordable Refinance Program® (better known as HARP) will now end Sept. 30, 2017. Read More
Snapchat is the social app that has already captivated the attention of tweens and teens, and is now finding its way into the hands of older generations and even of some businesses’ marketing strategists. The reason is simple: Snapchat is really engaging. Read More
In the past, home buying was typically associated with couples and families. Today, more and more single people, of all ages, are heading into homeownership. Read More
Where applications from single borrowers used to be a rarity, these homebuyers now account for 24 percent of home purchasers. It's a trend that's expected to lead to more than 41 million single-person homeowners by 2030. Read More
Much has been said about the safety issues real estate agents face when dealing in a professional capacity with people they’ve never met before. Any time an agent is touring an empty property with a total stranger, there are certain risks that are inherent to the situation. Read More
Applying and getting approved for a home loan requires a laundry list of paperwork, but that's not just because the lender wants to be annoying. In reality, the pile of forms that borrowers need when applying for a mortgage works to their benefit, since it helps lenders understand that person's financial situation and what kind of loan is right for them. Read More
There is no denying the opportunity home-buying Millennials represent as they enter their household-forming years. Connecting with these clients isn’t as mysterious as many would have you believe. 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
Much to the dismay of students and beach bums everywhere, the official end of summer is approaching. Even though warm temperatures may hold out well into October in some areas, it won't be long before lawns need to be raked and chimneys have to be cleaned for a cozy winter fireplace. Read More
If you're looking to begin the process of finding and applying for a home loan, chances are you'll already be feeling overwhelmed before even signing any paperwork. By choosing a knowledgeable, high-quality lender who takes service seriously, it's easy to approach the process one step at a time. Read More
Closing costs can vary depending on location. The fees tacked onto a mortgage that often get buried under a mess of paperwork are called closing costs. Read More
The summer of 2016 is shaping up to be one of the best seasons for home loans in years. The average interest rate on a 30-year fixed mortgage is at 3. 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

Feeds

MBS RECAP: Bonds Ignore Econ Data in Favor of Next Week's Fed Events

Posted To: MBS Commentary

Bonds began the day in modestly stronger territory. While they spend a small amount of the day trading a small distance away from those opening levels, that time and distance was never big enough to cause any concern. In short, the "consolidation" we'd hoped to confirm by seeing 10yr yields remain under 2.92% this week has officially been confirmed. If you'd prefer to approach this from a purely empirical standpoint where we forget that the Fed is a big deal next week and that traders aren't all robots, we could simply say that a slightly stronger Retail Sales report was offset by weaker performance in stocks to leave bonds to trade in line with opening levels by the end of the day. Whichever reality you choose to live in, the fact remains that next week has a fairly big...(read more)

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Mortgage Rates Preserve Most of Last Week's Gains

Posted To: Mortgage Rate Watch

Mortgage rates didn't move much today, and that's arguably a good thing. When the week began, we discussed the need for rates to cool-off after last week's rapid drop. Doing so would improve our chances of seeing recently lower rates stick around for more than a fleeting moment. Now here we are on Friday with the average lender not too far from last Friday's 3-month lows. Each passing day this week saw underlying market activity die down as investors circled the metaphorical wagons ahead of next week's big Fed announcement. Much of the recent improvement in rates has come courtesy of the market's read on the Fed. They're expected to be more "dovish" (i.e. more friendly in terms of monetary policy and rate hikes, ostensibly in response a growing case for economic deceleration). While various...(read more)

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