Mike Steren - NMLS #267806

10/30/2026

Mortgage rates ended this week at their lowest levels since September 23rd, extending an improvement that had started to look a bit indecisive. Renewed trouble in the tech sector provided the biggest push, with Thursday and Friday bringing a combined drop of 0.08% for the average 30yr fixed rate.

Mortgage rates ended this week at their lowest levels since September 23rd, extending an improvement that had started to look a bit indecisive. Renewed tro,...

10/28/2026

Helping your clients make a non-contingent offer just got a whole lot easier. NAF Cash Secure, an affiliate of New American Funding, backs their approved Conventional or VA loan and their confidence. Your clients stand out. Sellers say yes. You get the closing.

10/23/2026

Last week, we noted that rates could continue improving if tech jitters stuck around. They stuck around. More importantly, they began spreading beyond the handful of companies that initially got the market's attention.

Mortgage rates made it to their lowest levels in a month this week, once again getting a helping hand from trouble in the tech sector.

10/19/2026

Closing on a home isn't magic… but it sure feels like it when you get the keys. 🔑✨
If you've ever wondered what actually happens between "offer accepted" and "keys in hand," we broke it down into 3 simple steps. No jargon, no stress — just the stuff you actually need to know.
Swipe ➡️ to see what really goes down on closing day.
Ready to make your move? Let's talk. 💬

10/16/2026

Last week, we noted some early evidence that rates could be forming a ceiling, but warned that higher-than-expected inflation data this week could quickly undo the improvement. As it happened, inflation wasn’t just higher than expected, it was broad-based, showing up in categories that couldn't simply be explained by higher fuel costs. At first glance, that looked like the end of the road for the rate recovery, but then the paradox kicked in, and rates ultimately moved lower.

Mortgage rates just had their best week since late March, despite inflation reports that normally would have pushed them higher.

10/16/2026

Your car, your health, your home. The important things in life deserve protection. Your home purchase is no different.

NAF Cash Secure, an affiliate of New American Funding, backs your approved Conventional or VA financing so that if anything unexpected comes up between approval and closing, your purchase stays on track.

Smart buyers protect their biggest investment. You've got this.

10/14/2026

The home that seemed slightly outside your purchase price range may not be out of budget anymore. Here's why: Conforming loan limits are climbing.

The single-unit figure is projected to hit $845,000, a bump from the current $832,750—and NAF is already writing loans at the new number, before the Federal Housing Finance Agency (FHFA) makes it official in November.

That line is the dividing wall between Conventional and Jumbo financing. Jumbo means tighter qualifying rules, heavier documentation, and frequently a heftier down payment. Conventional means a smoother, more straightforward process.

If a deal stalled just above the old limit, let's revisit it. Message me and we'll run the numbers.

10/12/2026

Your home equity could be a powerful financial tool. 🏡💰
A cash-out refinance allows you to replace your current mortgage with a new, larger loan and receive the difference in cash—giving you funds that may be used for things like consolidating high-interest debt, home improvements, education costs, medical expenses, or other financial goals.
Of course, it’s important to look at the full picture, including your new payment, closing costs, and how much equity you’ll have remaining.
Curious if a cash-out refinance could make sense for your goals? Let’s talk about your options.

10/09/2026

Next week offers a critical opportunity. The Consumer Price Index (CPI) and Producer Price Index (PPI) will provide fresh evidence on inflation at the consumer and producer levels. Lower-than-expected readings could give the recovery a stronger foundation and ease pressure on the Fed to keep hiking. Higher readings could quickly undo the improvement and put recent highs back in play.

Mortgage rates had their best week in a while, falling to the lowest levels in 2 weeks. Most of the recent increase is still intact, but investors showed m,...

10/09/2026

Big Investments. Smaller Down Payments. New American Funding's 90% LTV Investment Property Loan keeps more cash liquid for the next deal. Invest with less, message me to get started