American Financial Network - Costa Mesa

09/18/2024

https://www.washingtonpost.com/business/2024/09/18/fed-meeting-interest-rate-cut-decision-live-fomc/

The Federal Reserve is slated to cut interest rates in its meeting Wednesday. Follow along for live updates on the Fed interest rate decision.

09/22/2023

California’s housing market update for August 2023

From the Mortgage Reports.com

Despite rising mortgage rates and a persistent shortage of available homes, the California median home price reached $859,800 in August, 2023.

This was a 3.3 percent increase from July and a 3.0 percent gain from last August. Notably, this median price was the highest in 15 months and the highest since California’s peak in May 2022 when it reached $893,200.

https://themortgagereports.com/107285/california-housing-market-news

Stay informed with the latest California housing market insights. Read this month's highlights on home prices, trends, and more.

09/22/2023

09/22/2023

Believe you can and you're halfway there!
https://myoc.io/teamafn

06/27/2023

https://www.instagram.com/p/CuAJWyftLiy/?igshid=MzRlODBiNWFlZA==

06/15/2023

Another review from a client we were proud to serve.
If you need assistance with your Mortgage or Refinance, please reach out to us!

"The whole experience was fantastic. Hector and Samuel had everything we needed to do mapped out over the process to make it as simple and easy on us as possible through our hectic work schedule. I have already recommended AFN to several family members and friends!" - Jay Drab

04/05/2023

Spring is here!

Share your favorite spring cleaning tips.

https://www.afncorp.com/web/hectorestrada



Hector Estrada

04/25/2022

Getting a mortgage loan is becoming harder to do. Being well prepared will help you achieve your real estate goals. Contact Hector Estrada at American Financial Network and let's talk about what strategies you need to get the funding for your real estate projects.

From the Inman.com:

High home prices are expected to drive a record $1.72 trillion in purchase mortgage originations in 2022, even though rising mortgage rates could put a dent in sales of existing homes, according to the Mortgage Bankers Association.

https://www.inman.com/2022/04/13/rising-home-prices-expected-to-drive-record-purchase-loan-volume/

High home prices are expected to drive a record $1.72 trillion in purchase mortgage originations in 2022, according to the Mortgage Bankers Association.

03/02/2022

Interest rates are going up. Contact my team and I, and we will help you find the best loan for your situation and towards getting a interest rate before rates go higher.

From the article:

Where are mortgage refinance rates headed?
Since the start of the coronavirus pandemic in 2020, rates have been hovering around historic lows. But now rates are increasing as the Federal Reserve moves to contain inflation. Most experts predict rates will jump through 2022.

“Mortgage rates continue to surge, as they have since the beginning of the year, as the outlook takes shape for Fed rate hikes that are sooner and faster than previously expected,” McBride says. “Mortgage rates are still well below 4 percent but in an environment of already sky-high home prices, more would-be homebuyers are priced out with each move higher in mortgage rates.”

The average 30-year fixed-refinance rate is 4.23 percent, up 3 basis points over the last week. The average for a 15-year refi is currently running at 3.48 percent, up 5 basis points over the last seven [...]

02/09/2022

I wanted to take a moment and send out a quick update/announcement to all my friends, family and colleagues. I am currently licensed for residential lending (purchase or refinance) in 23 states and happy to announce that I added a new state to my list. As of today, I can now lend in the lovely state of Tennessee. For anyone seeking financing on a new home, 2nd home or investment home or refinance in Tennessee, please give me call, IM or email me. Super excited to help!

Additional licensed states in case you need my assistance:
CA, AZ, AL, CO, CT, DE, DC, FL, GA, HI, IL, ME, MD, MO, NV, NJ, NM, NC, OR, PA, TX, VA, WA

10/21/2021

I can help you steer clear of the maze and bring your mortgage loan needs within sight.

Contact me for details.

We will get you in and out quickly on your journey to

10/06/2021

Which one are you? Cracking the window or cranking the heat?