Jobless claims hit a near 5-month low this week, supporting economic growth. Sustained labor market strength could contribute to higher rates. By: Fred Arnold | American Family Funding The failure to pass a new health care reform bill has traders questioning possible tax cuts and infrastructure spending, and is supportive of lower mortgage rates. Recent economic data has cast doubt ...

Job growth surged to 222,000 in June, and jobless claims were also down this week. Strong employment keeps the Fed on track to raise rates again this year. By: Fred Arnold | American Family Funding The producer price index, a key gauge of inflation, was up 0.1% last month. Fed officials are closely watching inflation, which pressures mortgage rates higher. ...

Four years ago, Stanley and Kelly Kinney’s lives were turned upside down when their family started receiving death threats from a man Kelly worked with. The costly legal battle that followed — combined with Stanley being laid off during the process — dealt a massive blow to the Kinneys’ finances. See the full collection of KHTS Feature Stories and Videos on hometownstation.com here. ...

FOMC Minutes By: Fred Arnold | American Family Funding Why should the Fed be any different than the rest of the United States Government? Everyone already knows that Congress could not be more divided. Well…the Fed appears to be divided as well. The latest FOMC Minutes show that many policy makers want the Fed to start unwinding the Fed’s balance ...

While American Family Funding has noticed a nationwide decrease in the number of first time homebuyers since the Great Recession, research shows that Millennials are no less interested in getting that first set of keys — they’re just less confident in their ability to afford them, according to a housing study by Fannie Mae. Don’t miss a thing. Get breaking KHTS ...

Case-Shiller’s Home Price Index In recent weeks, I have been mentioning how the Summer and Fall housing markets are being predicted, by some experts, to be far above average. We should hope they are correct on account that the early Spring market was a rather large disappointment. The latest Case-Shiller’s home price index increased by a rather small 0.3 percent ...

After the recent emergence of what some are calling the “Second Mortgage Crisis,” KHTS AM-1220 brought on two local experts to discuss what’s happening right here in Santa Clarita and how homeowners can protect themselves. Don’t miss a thing. Get breaking KHTS Santa Clarita News Alerts delivered right to your inbox. Home equity values are nearing what they once were before the ...

I remember a time that the stock market would go wild in the days leading up to a Fed announcement about interest rates. By: Fred Arnold | American Family Funding This week at the FOMC meeting, the Fed raised interest rates by ¼ percent. The announcement came out on Wednesday afternoon at 3:15PM, and investors reacted with little more than ...

The Newhall Ranch Project was re-approved Wednesday by the California Department of Fish and Wildlife (CDFW) after a 2015 appeal that reached the California Supreme Court. Don’t miss a thing. Get breaking KHTS Santa Clarita News Alerts delivered right to your inbox. Fish and Wildlife released the Final Additional Environmental Analysis (AEA) for over 2,000 near Highway 126, after concern the project ...

The stock market could not be flatter through the first four trading days of the week. By: Fred Arnold | American Family Funding The Dow began the week at 21,183, and closed at 21,182 yesterday. There have been some momentary jumps up and down during the week, but overall, investors seem to be sitting on the sidelines watching and waiting. ...