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 Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
HIGH RATIO fixed term best discounted rates & posted rates as of June 27, 2019 Terms                           Posted Rates                 Our Rates 6 mos                          3.34%                          3.30%1 year                          3.59%                          3.04%2 year      ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Inflation in the US remained subdued in May which should hold mortgage rates at current low levels for the foreseeable future. The Bureau of Economic Analysis reports that the Core Personal Consumption Expenditure (PCE) was unchanged at 1.6% year-over-year last month. The Core PCE is the Fed's fa...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed flat today at 102.19 having closed 241 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, the Mid Atlan...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 2
“Buying a Home without Selling Your Current Residence”  Good evening Joe. This is Sarah and Jason. We are interested in selling our house again (hopefully the third time is a charm!) and we are wondering how much we are qualified for and if we can possibly hold 2 mortgages for a few months. We fo...

By Shawn King, Chenoa Fund--Get Signed Up.
(CBCMA / CBC Mortgage Agency)
Comments 0
Two recent articles analyze the Rental Market and the affordability of renting vs. buying.  The first, a housingwire article, cites a Freddie Mac survey that 82% of renters now view renting as more affordable than homeownership.  Compare this article to a recent Rent Report by Zumper; it states t...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
In economic news, the final reading on Q1 2019 Gross Domestic Product remained at a strong 3.1% while Weekly Initial Jobless Claims hover near 50-year lows rising 10,000 in the latest week to 227,000. The job market has been a beacon of strength for several years and will most likely continue to ...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: A lot on the Economic Calendar today! Starting off with the Personal Income for the month of May, which was up 0.5%; whereas, Consumer Spending was up 0.4% in May. Personal Consumption Expenditure was Up 0.2%, as was the Core PCE (also called Core Inflation) Up ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 10 basis points today at 102.19 having closed 241 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 Tamra Lee Ulmer, FORCE~NRBA ~ Over 1000 REO Assets SOLD!
(Arizona Resource Realty)
Comments 0
Some people do not know the first thing about getting a mortgage loan. They hear reports of dropping interest rates and low home prices and hastily decide to jump into owning a home. But the process of getting a home loan differs from getting a car loan or renting an apartment, an applicant who d...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage rates continued their decline the latest week as bond prices rose. Yields declined on the dovish Fed statements at last week's Federal Open Market Committee meeting. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell eight basis points to 4.08% with ...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Initial Jobless Claims rose to 227k this week, along with a revision of 1k to last week's numbers from 216k to 217k. The Final Revision for the Q1 GDP remained at 3.1%. It will be interesting to see what Q2 provides. Q1 was a lot of build up of Inventories durin...

By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 0
32514 Pensacola Florida News: $4.4T plan could make mortgages more affordable – or less Banks have mortgage money to lend because Fannie and Freddie buy their loans and sell them via mortgage-backed securities (MBS). A move to make each one's MBSs operate the same way should lower borrower costs,...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 0
Conventional 30 year Mortgage: 3.75%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.89%FHA 30 year: 3.625% Credit Score:740LTV:96.5%loan amount:$300kAPR: 4.525%Conventional 15 year: 3.25%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.495% Rates are Subject to ChangeCall me today if you are thinkin...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Durable Goods Orders are still dragging, as Boeing's (737 Max) woes continue to bring down those numbers. April's numbers were revised lower, as the revision led from -2.1% to -2.8%; and it declined 1.3% in May. However, if you remove Transportation, then it imp...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) down 16 basis points today at 103.03 having closed 129 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
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 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 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 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. ...