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 0
http://MikesDaily MarketReport.com: Manufacturing in the NY region improved in July, as the Empire State Index rose from -8.6 to 4.3 -better than most forecasts of 0.5. Stocks are currently in Negative Territory, after they initially started the day in Positive Territory. Today, we got the Unoffi...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
 “You Can’t Do Your Own Rehab Work”      Hi Joe, So we put in our offer for the house we want and the bank will only accept a rehab loan, which is what you thought would be the case. So we were wondering if you can send us a new pre-qualification letter. The damage inside doesn’t look extensive, ...

By Scott Hudspeth, Agent Mastermind
(Agent Mastermind)
Comments 1
As a lender on the rise, you already know that the relationships that you have with real estate agents can quickly escalate your production to the next level. Yet many lenders struggle to take those valuable relationships to the level that they need to in order for both parties to get the most va...

By Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce
(EXP Realty 414-525-0563)
Comments 23
    Sometimes when we meet a Buyer for the first time...someone we know, have been referred to or has found us thru our marketing...they have been pre approved by a lender...Yaah....maybe....and maybe not. We always...without exception require a pre approval by a local lender before we begin a se...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
In recent years, potential homebuyers looking for a mortgage or those looking to refinance felt it took too long to close the deal once approved, but times have changed. LendingTree reports that the average time to close a purchase mortgage loan transaction is now 40 days, down from 74 days in 20...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
“Credit Scores aren’t the only Important Factor”    American Eagle my bank did not approve me, even though they said they would. I know you told me that was going to happen. My friend Jose told me you know what to do. I don’t understand why they told me they can do something for us, but not tell ...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Wholesale Inflation remains moderate in June, as it rose 0.1%, and it's YoY dropped from 1.8% to 1.7%. But if you remove uncontrollable variables, as food and energy, the we have the Core PPI, which carries more weight. It rose 0.3% in June, however, it's YoY re...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.93%* CANHOU 12/15/24 [+0.04]   ‌ 10 Year - 2.02% CANHOU 09/15/29 [+0.04]   * denotes interpolated rate GoC 5 Year - 1.57% CAN 1.50 09/01/24 [+0.04]   ‌ 10 Year - 1.63% CAN 2.25 06/01/29 [+0.04] GOC Bonds are for reference purposes only Floating rate insured ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 6 basis points today at 102.06 having closed 212 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Underlying inflation at the consumer level warmed up a bit in June with the biggest increase occurring since January 2018. The Core Consumer Price Index (CPI), which strips out volatile food and energy, rose by 0.3% in June led by increases in prices for apparel, used cars and trucks along with h...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 34 basis points today at 102.00 having closed 207 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage rates inched lower in the latest week and remain near lows seen in September 2017. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell three basis points to 4.04% with an average 0.37 in points. The jumbo rate rose three basis points to 4.03% with 0.2...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 9
“Lost Ship”    There was this magician who had a job on a cruise liner, entertaining the passengers with a nightly show. He was very successful in his job and there was always a full house at all his performances. Life was sweet. The money was rolling in, he had one of the best cabins, ate the be...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims dropped to 209k last week. Remember, this was a Holiday shortened week, so we could potentially see a higher number next week. Next week's number will have added significance, as it will be the "sample" number for the BLS with their Jobs d...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 97
If you're happy where you are, then congratulations! But if you're dreading Monday, maybe it's time for a change.  Consider one of these career offerings! (Click below) (Please SHARE, you may help someone find their dream job! ) Send your resume to Trent.Dalrymple@TexanaBank.com if you have a min...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 0
Conventional 30 year Mortgage: 3.625%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.765%FHA 30 year: 3.5% Credit Score:740LTV:96.5%loan amount:$300kAPR: 4.4%Conventional 15 year: 3.125%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.37% Rates are Subject to ChangeCall me today if you are thinking ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 15 basis points today at 102.28 having closed 237 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, ...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Wholesale Inventories rose 0.4% in May. The FOMC Minutes will be released later this morning at 11am PST. This report won't hold as much weight, as in the past. The last meeting took place on June 16th; but since then, we had a terrific Jobs Report, which concer...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“Gail is still Laughing and Our Daughter Just had Twins”    For weeks a six-year old lad kept telling his first-grade teacher about the baby brother or sister that was expected at his house. One day the mother allowed the boy to feel the movements of the unborn child. The six-year old was obvious...

By Mike Bjork
(CMG Financial)
Comments 2
http://MikesDailyMarketReport.com: The NFIB Small Business Index dropped from 105.0 in May to 103.3 in June. This index is a gauge with the Small Business sector's confidence. Job Openings shrunk from 7.4 million in April to 7.3 million in May. Stocks are trading in Mixed Territory, as NASDAQ rem...