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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. 

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Mortgage News

Nothing New For Existing Home Sales

September 26 2025

Existing-home sales held roughly steady in August after tepid uptick in July. That NAR reported a seasonally adjusted annual rate of 4.0 million , down 0.2% from July but 1.8% higher than a year ago. Sales have now hovered near 75% of pre-pandemic norms for three years, reflecting the same constrained but stable environment that has defined the market since 2022. NAR Chief Economist Lawrence Yun said mortgage rates are beginning to ease and inventory is slowly improving, which should help future sales. He added that record-high housing wealth and a strong stock market may support move-up activity, even as the lower end of the market remains tight. Regional Breakdown (Sales and Prices, August 2025) Region Sales (annual rate) MoM Change Median Price YoY Change Northeast 480k -4.0% $534,200 +6.2% Midwest 960k +2.1% $330,500 +4.5% South 1.83m -1.1% $364,100 +0.4% West 730k +1.4% $624,300 +0.6% National Market Stats

Did Rates Have Anything to do With Big Surge in Home Sales?

September 26 2025

New home sales surged in August, breaking a two-year stretch of range-bound activity. The Census Bureau and HUD reported a seasonally adjusted annual rate of 800,000 , up 20.5% from July’s revised 664,000 and 15.4% above August 2024’s 693,000. This is the strongest monthly gain since the pandemic boom and a clear departure from the prior sideways trend. The only caveat is that this data series is notorious for wide margins of error and revisions. For-sale inventory fell to 490,000 , down 1.4% from July and 4.0% higher than a year ago. At the current sales pace, that represents a 7.4-month supply , a sharp drop from July’s 9.0 months and nearly 10% below August 2024. It is normal for inventory to move lower when sales increase, all else equal. Prices moved higher with the sales surge. The median sales price climbed to $413,500 (+4.7% MoM; +1.9% YoY), while the average price jumped to $534,100 (+11.7% MoM; +12.3% YoY). The share of $1 million-plus homes rose to roughly 7% of total sales, double July’s level, helping lift the average. Regional Sales (MoM): Northeast +72.2%, Midwest +12.7%, South +24.7%, West +5.6% Stage of Construction: Not started 96,000; under construction 290,000; completed 414,000 Median months on market (completed): 2.7 On a qualitative note, the huge move in home sales may raise questions about whether the recent rally in interest rates played a role. While there is broad connection between rates and sales at times, it never has an impact that quickly. After all, this sales data is for the month of August, and rates didn't make their big move until September.

Mortgage Apps Barely Advance Thanks to Previous Week's Momentum

September 26 2025

Mortgage application activity technically hit another long-term high last week, but that's only because it was riding the coattails of the previous week's stellar momentum. According to MBA’s Weekly Applications Survey for the week ending September 19, total volume rose 0.6% on a seasonally adjusted basis and 0.1% unadjusted. The Refinance Index increased 1% from the previous week and is running 42% higher than the same week one year ago. The modest improvement was likely driven by the lower rates available early in the survey period. As rates have snapped back to slightly higher levels, it makes good sense to see things level-off. "Interest rates generally have moved up following the FOMC meeting last week but remain in a range that is favorable for many borrowers,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. Purchase applications were similarly steady, with the seasonally adjusted index up 0.3% and the unadjusted index down 1% while remaining 18% stronger than a year ago. The refinance share of mortgage activity increased to 60.2% of total applications. The adjustable-rate mortgage (ARM) share decreased to 8.9%. The FHA share of total applications fell to 15.7%, while the VA share rose to 17.5%. Mortgage Rate Summary: 30yr Fixed: 6.34% (from 6.39%) | Points: 0.57 (from 0.54) 15yr Fixed: 5.70% (from 5.63%) | Points: 0.69 (from 0.58) Jumbo 30yr: 6.44% (from 6.48%) | Points: 0.34 (from 0.35) FHA: 6.14% (from 6.14%) | Points: 0.74 (from 0.68) 5/1 ARM: 5.53% (from 5.65%) | Points: 0.49 (from 0.41)

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