Mortgage / Finance

Anybody that's hung around the ActiveRain “water cooler” for any length of time understands the value of the relationships built on the site. AR is so much more than a social networking site, however.


It's also the place to get up-to-the-minute information on topics that affect your clients. Ask yourself: what's the most confusing aspect of buying a home for the real estate consumer? The answer is most likely financing the purchase. Credit scores and how they affect the mortgage rate, types of loan products, points, fees – whew! -- there's a lot to know about mortgages.


To serve your clients effectively you need to know about this stuff and keep abreast of changes in the mortgage industry. Thankfully, ActiveRain is not only popular with real estate agents and brokers but with finance professionals as well.


Whether you're an agent trying to figure out what the Fed's latest move means to your clients or a mortgage pro who needs input on how to build relationships with real estate agents, ActiveRain is the place to tap into a wealth of knowledge.

Trending blogs on Mortgage / Finance

 

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: A few items on the Economic Calendar to report this morning. First up is the Case Shiller HPI for April. Home Prices dropped from 3.7% YoY to 3.5% YoY. Consumer Confidence Index dropped from 131.3 in May to 121.5 in June. Much bigger than our forecast of 130.4. ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) down 3 basis points today at 103.25 having closed 1492 points above support offered by the 200 day moving average. The conforming rate is at 4.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, the M...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Sales of new homes fell by nearly 8% in May from April by to an annual rate of 626,000 units, below the 683,000 expected, reports the Commerce Department. From May 2018 to May 2019, sales declined 3.7%. Inventories are now just above normal rates of 6 months, currently at 6.4 months. The median p...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.19% Fixed 2 Year 3.74% 3.14% Fixed 3 Year 3.89% 2.89% Fixed 4 Year 3.94% 3.14% Fixed 5 Year 5.34% 2.79% Fixed 7 Year 5.80% 3.14% Fixed 10 Year 6.10% 3.19% Variable Rate 2.90% Prime Rate 3.95% Benchmark Rate 5.34% Cost per ...

By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 0
32514 Pensacola Florida News: Study: Borrowers can save $2K by mortgage shoppingHomebuyers should consider more than the interest rate a lender offers when they comparison shop – they can also save thousands in lender fees. Read more.  Call or Text Charles Stallions Now 850-476-4494 for any of yo...

By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
Comments 18
The following link (and the table below) are the federal guidelines from Fannie Mae …set forth on March 29. 2016 regarding leased solar panels and the first paragraph is if the PV Panels are OWNED.  All sellers will face this same dilemma (if the solar company is not agreeing to these terms) when...

By Alex Tanner, LendPost.com
(LendPost.com)
Comments 9
The following is a post from www.LendPost.com visit http://lendpost.com/index.php?content=details&id=1004 for actual post and the rest of the details. Short Sale of Medical Office building 2 story brick medical center with 14 long term tenants over 11,000 sq ft lot on busy avenue over 32000 sq ft...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.19% Fixed 2 Year 3.74% 3.14% Fixed 3 Year 3.89% 2.89% Fixed 4 Year 3.94% 3.14% Fixed 5 Year 5.34% 2.79% Fixed 7 Year 5.80% 3.14% Fixed 10 Year 6.10% 3.19% Variable 2.90% Prime 3.95% Benchmark 5.34%

By Mike Bjork
(CMG Financial)
Comments 2
http:MikesDailyMarketReport.com: The Economic Calendar is light today, so the Geo-Political will have the most affect on the Markets today. Stocks are in Mixed Territory, as NASDAQ is currently in the Red. Investors are looking ahead to the G20 Summit in Japan, which begins Friday, when it is exp...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
“The Odds were Not in Our Favor”  Hi Joe, I got the house! The selling Realtor knows you according to my Realtor. My sense is that it made a big difference.I will be back in touch with you after I meet with my realtor tomorrow. Good wishes. Yours, C  My client told me that she was one of a dozen ...

By Shawn King, Chenoa Fund--Get Signed Up.
(CBCMA / CBC Mortgage Agency)
Comments 0
(This Post is written for Lending Companies seeking to offer our products)CBC Mortgage Agency, a nationally-chartered housing finance agency, offers the Chenoa Fund, a program that provides a 96.5% 1st mortgage and a 3.5% 2nd mortgage on FHA Loans.  Lenders use our program like they would their l...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.73%* CANHOU 12/15/24 [+0.05]   ‌ 10 Year - 1.91% CANHOU 09/15/29 [+0.05]   * denotes interpolated rate GoC 5 Year - 1.37% CAN 2.25 03/01/24 [+0.05]   ‌ 10 Year - 1.47% CAN 2.0 06/01/28 [+0.05] GOC Bonds are for reference purposes only Floating rate insured c...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Both Manufacturing and Services Sectors are shrinking according to the Markit Flash PMI Indices. The Markit Flash Manufacturing PMI dropped from 50.5 in May to 50.1 in June. The Markit Flash Services PMI dropped from 50.9 in May to 50.7 in June. Anything above 5...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
"We will use our tools as appropriate to sustain the expansion. Participants (Fed members) expressed concerns a about a more sustained shortfall of inflation," said Fed Chair Powell at his press conference yesterday. Mr. Powell went on to say that Fed members cited weaker business investment and ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 2
     “Construction Mortgages”     Good morning Joe,I wanted to touch base to let you know that I have all the paperwork ready to move forward with the construction loan, except the bids. It has been a long painful process trying to get the draftsman to correct our plans. He keeps sending inaccura...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) down 7 basis points today at 103.34 having closed 162 points above support offered by the 200 day moving average. The conforming rate is at 4.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, the Mi...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 8
“OMG”      Four expectant fathers were in a Minneapolis hospital waiting room, while their wives were in labor. The nurse arrived and announced to the first man, “Congratulations sir, you re the father of twins.” “What a coincidence!” the man said with some obvious pride. “I work for the Minnesot...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims dropped from the previous week of 222k to 216k for this week's data. This week's data is important becuase it is being used by the Bureau of Labor Statistic's (BLS) Job Numbers for June, which will be released on July 5th. The lower number...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
Making the choice between getting a line of credit and applying for a home equity loan is a tough decision to make. Both will be tapping into your home equity, which means that to get either loan, you’ll be using your home as collateral. However, getting a home equity loan or applying for a line ...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
Living on a fixed income can be very difficult for a lot of Canadians, more so for retirees or those nearing retirement. Financial stress is no joke when you consider rising prices of basic needs, possible health issues with expensive treatments, and other unexpected expenses that may come up. It...