Shaun Hamman's (shamman) Blog

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Mortgage and Lending - American Financial Resources
RECENT BLOG POSTS
Despite the fact that California saw an overall drop in home sales last year, the number of homes that sold for $1 million or more increased for the first time since 2005. According to the report conducted by DataQuick Information Systems, a real estate information service, the number of million...
02/23/2012
As the market begins to show some signs of life, home values are appearing to drop - which could be a signifier that purchase activity could soon rise. According to data collected from Zillow.com, the average value of homes in the U.S. fell 4.7% year over year (Y-o-Y) to $146,900 whilemajor U.S. ...
02/20/2012
Existing-home sales continued on an upward trend in December, marking three consecutive months of rising numbers. According to a recent press release from the National Association of RealtorsĀ®, December 2011 showed a 5.0 percent increase in existing-home sales and were 3.6 percent higher than tho...
02/10/2012
30 year and 15 year fixed mortgage rate averages fell to record lows according to Freddie Mac's market survey which came out earlier this morning. The 30 year average came in at 3.91% with 0.7 points. This was down 0.03% from last week's all-time low. The 15 year fixed rate average tied last week...
12/22/2011
NMLS number #2826 American Financial Resources is a national mortgage lender based out of Parsippany, NJ. Happy Hallowen!
10/18/2011
Home mortgage rates jumped last week following weeks of declines to historic low levels. While rates did go up, it's important to point out that interest rates are still close to their 60 year lows. According to Freddie Mac's most recent mortgage rate survey,Ā  published last Thursday, the 30 year...
10/18/2011
American Financial Resources is pleased to offer FHA 203K streamline loan programs to home buyers and homeowners throughout much of the United States. 203K loans can be used to finance the rehabilitation of owner occupied properties. Unlike most construction loan programs, buyers can use 203K to ...
10/18/2011
AFR Mortgage is pleased to help sponsor of the Mendham H.S.A Harvest Hustle 5K Run on October 1st, 2011. This event is a celebration of health and fitness to Honor the Memory of Sergeant Richard Morales. Sergeant Morales worked with and looked out for Mendham's children and served as the school d...
09/15/2011
Fixed mortgage interest rates continued their 5 week downward trend according to Freddie Mac's most recent mortgage market survey. In their weekly press release, the agency reported that 30 year fixed mortgage rate averages fell from 4.63% to 4.61% (.7 points) while the 15 year fixed rate average...
05/24/2011
Freddie Mac released their weekly mortgage survey this morning which indicated the mortgage interest rates fell for the fourth week in a row. According to the report, mortgage rates are now at their lowest levels in 2011. The 30 year fixed mortgage rate average fell from 4.71% down to 4.63% with ...
05/12/2011
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