A Santa Clarita mortgage lender offers details about how residents can use FHA (Federal Housing Administration) loans when looking to purchase a house. American Family Funding, a mortgage company in Santa Clarita, explained why FHA loans are “just the tool” some Santa Clarita families are looking for when deciding to purchase a home. In particular, these loans present “an opportunity ...

A Santa Clarita mortgage lender explains how conventional loans can help local residents refinance their home mortgages. American Family Funding, a mortgage company in Santa Clarita, explained how conventional loans differ from federal loans, and why they may offer benefits for Santa Clarita residents. “A conventional loan,” said American Family Funding officials, “generally (refers) to a mortgage loan that follows ...

A mortgage lender in Santa Clarita is encouraging residents who might be concerned about their credit score to reach out to a mortgage professional for assistance. “Immediately call your mortgage professional,” said Fred Arnold, mortgage advisor at American Family Funding. “A lot of mortgage professionals can pull a copy of your credit report for the purposes of analyzing it.”  Arnold ...

American Family Funding, a mortgage lender in Santa Clarita, is explaining the recent drop in the federal fund rate to almost zero, along with two other changes made by the Federal Reserve. When the coronavirus pandemic began ramping up in the United States in March, the Federal Reserve reduced the federal fund rate to between zero and a quarter percent, ...

There are many benefits of reverse mortgages for retired persons. A reverse mortgage is a loan in which a homeowner receives a loan off the equity in their property. The nice piece is the borrower doesn’t pay a monthly fee on the loan or the interest. The loan and interest are repaid when the borrower dies or sells their house ...

The consumer price index, which measures inflation, was slightly lower than expected in April. Lack of inflationary pressure helps keep rates lower. The producer price index was also a bit lower than April’s forecast, another sign of lower inflation pressure. Prices rose 0.1% instead of the expected 0.3%. Oil prices continue to rise, hitting the highest levels since 2014. Increasing ...

Concerns over inflation and a spike in Treasury yields drove rates up this week. The 10-yr Treasury broke the 3% yield mark for the first time since 2014. While inflation is growing domestically, lack of inflation is still a concern overseas. The ECB is continuing economic stimulus, helping to keep rates lower here. Consumer confidence rebounded in April, pointing to ...

American Family Funding in Santa Clarita has forged partnerships with a number of credit unions throughout Southern California to help members achieve their dreams of home ownership and refinancing. Don’t miss a thing. Get breaking KHTS Santa Clarita News Alerts delivered right to your inbox. “In Southern California, we’re partnered up with about eight credit unions, and we really want to help ...

Factory activity slowed in March, but growth in the manufacturing sector is still going strong. More companies showed signs of expanding than shrinking. By: Fred Arnold | American Family Funding Tariffs on goods from China continued to dominate the headlines this week. Trade war concerns have helped keep mortgage rates from rising. Jobless claims were up on the week, but ...

As expected, the Fed raised policy rates at this week’s meeting. While they alluded to only two more hikes this year, rising inflation could necessitate more. The institution of tariffs, most recently against China, can contribute to rising inflation by limiting free markets. Inflation fuels rising interest and mortgage rates. After rising quickly early in the year, mortgage rates have ...