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
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Quiet Day in the Market today. There are no data to report on the economic calendar today, and Geo-Political news is mostly mute. Even though the House Vote for Impeachment Hearings is not a factor, as it's widely expected to die with the Senate, so Investors ar...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
If either you're working with Real Estate Investor or plan to become one, then you may want to review Fannie Mae's new Guidelines that just went into effect 12/7/19 regarding the use of rental income. This will greatly affect First Time Real Estate Investors. 

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 2
“How Long Before a Collection Comes Off My Credit report?”   Joe, How are you and hope you had a nice Thanksgiving! I paid off 1 of the derogatory accounts, however it’s still on credit report and I asked for a settlement statement but nothing so far and I’m hoping to do the other one by weekend!...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Housing Starts increased to 1.365 million annualized units in November from a higher revision in October of 1.323 million. A good forward indicator for more Housing Starts are Building Permits, which also, increased from 1.461 million annualized units to 1.482 m...

By John Meussner, #MortgageMadeEasy Walnut Creek, CA 484-680-4852
(Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 4
1 Week VS 3 Months  When do I lock in my interest rate?  That's a pretty frequently asked mortgage question, and comes up on just about every loan file we work with.  The truth of the mortgage industry is that most loan officers will feed customers the line that goes something like "If I had a cr...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
The housing sector received good news today due in part to low mortgage rates coupled with strong employment in the U.S. The NAHB Housing Market rose to 76 this month, a 20-year high, up five points from November. Last year, the index stood at 56. Any number over 50 indicates that more builders v...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 6 basis points today at 102.72 having closed 76 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 4.125%. Whether in New England,...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There was some slight improvement in the manufacturing sector for the NY region, as the Empire State Index rose from 2.9 to 3.5 in December. Markit PMI released their 2 reports (Manufacturing and Services industries). The Manufacturing dropped slightly from 52.6...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed up 25 basis points today at 102.81 having closed 87 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 4.125%. Whether in New England, ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
   “Don’t Overpay When Obtaining a HELOC”  Joe,As you well know, we always look to you when it comes to our mortgages and now need some advice. We are looking to increase our current line of credit.  Basically, they said that we have to reapply and the fees would be nearly $1000, which we'd like ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: Retail Sales disappointed in November, as forecasts called for 0.5% increase, and it just increased by 0.2%; and if you exclude Autos, then it only rose 0.1%. Import Prices rose 0.2% in November. Business Inventories rose by 0.2% in October. Stocks started the m...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Home equity increased which is providing a source of wealth for homeowners in the U.S., CoreLogic reports. Borrower equity increased by $457 billion in the third quarter of 2019 compared with the third quarter of 2018, a 5.1% increase. CoreLogic went on to report that borrowers have gained $6 tri...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 1
Canadians are finding that it has become increasingly difficult to qualify for a mortgage lately, especially after several mortgage stress tests were implemented. In relation to this, a recent Equifax Canada survey revealed that a lot of Canadians are willing to commit fraud if it meant qualifyin...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage rates inched higher this week and have steadily increased since September. Freddie Mac reports that the 30-year fixed-rate mortgage rose five basis points this week to 3.73% with 0.7 in points and fees. In early September the rate was 3.49%. Freddie Mac says, "The risk of an economic dow...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 19 basis points today at 102.53 having closed 60 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 4.125%. Whether in New England...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: Weekly Jobless Claims came in much hotter than expected at 252k. As I had forecasted last week, this was to be expected because last week's really low number was due to the Thanksgiving Holiday being shortened and we'd see a bit of a spillover into this week's r...

By Matt Brady, Lending With Competence And Character
(Finance Of America)
Comments 0
Happy New Loan Limits Time!Yes, the Conventional, FHA and VA loan limits are all going up for 2020.The new Conventional Limit nationwide is $510,400 about 9.5% above this year. Each County has a different loan limit and high balance loan limits can be found if you follow this linkhttps://www.fann...

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: 3.25% Credit Score:740LTV:96.5%loan amount:$300kAPR: 4.25%Conventional 15 year: 3.125%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.37% Rates are Subject to ChangeCall me today if you are thinkin...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
“Ever wonder...”     If twins ever realize that one of them was unplanned?What if my dog only brings back my ball because he thinks I like throwing it?If poison expires, is it more poisonous or is it no longer poisonous?Which letter is silent in the word "Scent," the s or the c?Every time you cle...

By Dave Benneton, Fast Cash Offers
(Digital Bullet)
Comments 0
Mortgage Refinancing: FHA, VA, Conventional, And More, With Cash-Out OptionsFor most borrowers, there are almost as many mortgage refinance options out there as there are mortgages.Mortgage interest rates are still sitting at an exceptionally low level, so if you're considering refinancing your h...