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Specialists in FHA, VA, Fannie Mae & Freddie Mac Conforming Loans, Purchase, Refinance, & Reverse Mortgages
American Mortgage Loan Services is a locally owned, Florida Mortgage Broker. For over 30 years American Mortgage has been providing mortgage assistance to Florida communities. Our loan officers work with our clients to create a desirable mortgage that will best fit their needs and goals. Our Daytona Beach, Port Orange, Florida, loan officers can provide you with an affordable Fannie Mae, Freddie Mac, VA, USDA, FHA or Reverse mortgage, for your purchase or refinance needs.
American Mortgage is here to help you achieve the American Dream of owning your own home. We offer Mortgage Loans for customers with various types of credit records. Whether you want a fixed rate mortgage, adjustable-rate mortgage, a home equity loan, refinance, purchase, investment, second home, or debt consolidation, we have a loan for you with the lowest rates available.
Thank you for visiting American Mortgage online. We hope you enjoy your stay today and gain insight into conventional mortgages and other types of lending options. As a locally owned mortgage broker, we understand things the big banks don't and realize that only two things matter.
As is the case for the monthly data on New Home Sales from the Census Bureau, the National Association of Realtors (NAR) Existing Home Sales report does not make for exciting news these days. It's not that the news is tragic or alarming either. It just sort of... is. Whereas New Home Sales have been able to hold sideways near their pre-covid highs, Existing Sales continue to languish near the lowest levels in decades. Apart from the great financial crisis in 2008-2010, you'd have to go back to 1995 to see lower levels. "Home buying and selling remained sluggish in March due to the affordability challenges associated with high mortgage rates," said NAR Chief Economist Lawrence Yun. "Residential housing mobility, currently at historical lows, signals the troublesome possibility of less economic mobility for society."
The Census Bureau released March New Home Sales data this week, and it was near the best levels seen since early 2022. Before you get too excited about that, a caveat is in order. Simply put, when it comes to housing market data, nothing has been more uneventful than new home sales over the past few years. The chart tells the story. It's tough to make an entire news article interesting when it comes to this data, so we won't waste your time. Instead, here are some bullet-pointed highlights that showcase some of the departures from the status quo (these are common, and they tend to come out in the wash in the longer term): Sales fell 22.2% in the Northeast region, but had risen just as sharply in the previous month. Sales jumped nicely in the South for the 2nd straight month (13.6% this time) and are now at their highest levels since April 2021. The South accounts for 483k of the 724k national total.
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