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American Family Funding Recent Articles:

  • Market Update June 8th

    Application activity is sputtering based upon the Mortgage Bankers Association’s most recent application index for the week ending May 29th. It is not surprising that mortgage applications have slowed given the recent rise in mortgage rates. Applications for purchase loans declined 3.0 percent. Refinances, which are far more interest rate…

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  • Market Update June 1

    Housing reports dominated the market this week with the Federal Housing Finance Agency Report kicking things off. The FHFA house price index rose a lower-than-expected 0.3 percent in March. The gain for FHFA is below most analysts’ expectations however the year-on-year rate in at a moderate 5.2 percent higher. This…

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  • Market Update Week of May 25th

    Spring is typically when sales for existing homes take off. The current spring market is not living up to expectations as much as we would like. Sales of existing homes are down 3.3 percent for the month of April compared to March. Three of the nation’s four regions showed declines…

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  • 4th Quarter Report for 2014

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  • Market Update May 11th

    Despite the fact that mortgage rates have been rising, purchase applications for mortgage loans increased 1.0 percent in the week ending May 1st according to the Mortgage Bankers Association. As much as the increase in rates impacted applications for refinances, which dropped by 8.0 percent, housing experts do not feel…

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  • Market Update Week of May 4th

    Positive news continues to hit the housing market. All indications are that home prices are firming up and even beginning to trend significantly higher. This seems even more apparent especially in markets where there is a significant shortage of homes for sale. On Tuesday the S&P Case-Shiller Home Price Index…

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  • Market Update Week of April 20th

      The stock market has been trading in a very narrow range throughout the week. With virtually no major surprises in any of the economic reports, there has been little for investors to trade on. It appears that for the time being many investors are attempting to gauge the direction…

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  • Market Update Week of April 13th

    Since Monday, the stock market has been trading in a relatively narrow range.  “Narrow” is a relative term in that a swing of 100 or 150 points these days does not seem out of the ordinary. In a week of light economic data the only major announcement that could have…

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  • Market Update Week of April 6th

    In a week that did not have many major news breaking headlines, investors settled down after their initial enthusiasm last Monday regarding the fact that Fed Chairman Janet Yellen indicated that the economy is showing signs of weakness. Investors took that as another message that the Fed is not going…

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  • What Life is like for the Millennials

    Have you noticed that many Millennials are slower to leave home than previous generations? The oldest in the age group, generally considered those born between the early 1980s and the late 1990s, launched careers during the recession. Jobs were scarce, earnings were stagnant, and as a generation, they accumulated record…

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