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 0
http://MikesDailyMarketReport.com: New Home Sales jumped up from 666k in July to 713k in August. Stocks are in Mixed Territory, as Congress has announced an Inquiry into an Impeachment process. This gave rise to Yields, thus affecting Bonds, which we'll see in a little bit. Aso, Investors are sti...

By Rob Spinosa, Vice President of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Comments 1
Your Debt-to-Income Ratio Is High and It Will Be Alright You might have been lured into reading this blog post under the false assumption that I'd be discussing the controversial subject of financing cannabis-related businesses and property.  Well, you can let that notion go up in smoke.  Instead...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 3 basis points today at 102.47 having closed 128 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England,...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Home price gains continued to slow in July and are way below the annual gains seen a year ago. The July S&P Case-Shiller 20-City Home Price Index rose 2% year-over-year, down from 2.2% in June. It was the slowest pace since 2012. The national index rose 3.2%, matching June's number. On a monthly ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Case Shiller Home Price Index remained Unchanged at 3.2% in July, as June's data was revised a little higher. Consumer Confidence dropped a bit in September, from 134.2 to 125.1, due to the tensions that erupted between the US and China Trade Negotiations. S...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 2
“Making on time Mortgage Payments a Must”     I know we wanted to refinance our FHA mortgage this fall and lower our rate and remove mortgage insurance. Unfortunately it may not be able to happen as we had a late payment on our mortgage and our credit scores took a hit. We had been making the pay...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 3 basis points today at 102.44 having closed 127 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New Englan...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Foreclosure starts fell to their lowest level in 18 years while low interest rates have increased prepayments by 5% from July to August, a three-year high. There were 36,200 foreclosure starts in August, down 23% from August 2018. August’s prepayment rate was up 62% from the same time last year a...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Today, we have data from Markit PMI flash for the month of September. The manufaturing data rose to 51.0; while the services data rose to 50.9. However, the Eurozone reported some pretty ugly numbers in manufacturing, which is partly why Stocks are currently in ...

By Bill Kamboukos
(Strategic Mortgage)
Comments 3
A popular idea to pay off your home mortgage loan sooner, is to switch from a monthly payment, to a bi-weekly payment.The concept behind the bi-weekly mortgage payment, is that you make half a mortgage payment, once every two weeks, instead of making one full payment per month. This then allows y...

By Theresa Harden, PB SFR e-Pro Realtor
(EXIT Real Estate Associates)
Comments 1
Mortgage Bankers Association September 2019 Rate Forecast"Historic lows" continue to persist and as we inch closer to the final quarter of 2019, the September forecast shows no sign that those lows are soon to be behind us.  With the third quarter of 2019 closing out with a 3.7 percent average fo...

By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
Comments 0
This month, we arrived to really solid ground, regarding mortgages at least. Refinancing opportunities for people who originated their mortgage in 2018 are looking good. A vast quantity of last year’s mortgages are currently carrying rates 0.75% higher than today’s average rate, which is now at 3...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 2
 “Mortgage Teaching Minutes”    I have had many requests over the years to share mortgage information in some sort of audio format. I have decided to make that happen! The format that I will be using is YouTube. Most likely I will be sharing a link to my “Mortgage Teaching Minutes” and incorporat...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
An increasing number of homeowners currently has a HELOC so the question is, is it still possible to get a second mortgage if you already have an existing HELOC? The fact is, that may be a big challenge considering the recent changes for second mortgages implemented by Canada’s leading HELOC prov...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.79%* CANHOU 12/15/24 [+0.03]   ‌ 10 Year - 1.86% CANHOU 09/15/29 [+0.02]   * denotes interpolated rate GoC 5 Year - 1.47% CAN 1.50 09/01/24 [+0.03]   ‌ 10 Year - 1.43% CAN 2.25 06/01/29 [+0.02]   ‌ 15 Year - 1.53%* CAN 12/01/34 [+0.01]   ‌ 20 Year - 1.58%* C...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: We don't have any data to report from the Economic Calendar today. Stocks are Up again today and approaching new highs again. Tensions between US and China appear to be easing, as they're currently meeting to prepare for the bigger meeting in October. A few memb...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
The National Association of Realtors (NAR) reports that existing home sales rose 1.3% in August from July to an annual rate of 5.49 million units, above the 5.36 million expected. Overall, sales were up 2.6% from a year ago. The NAR said that buyers are finding it hard to resist the current low m...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed flat today at 102.31 having closed 118 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atla...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Weekly Jobless Claims beat forecasts and rose only 2k, to 208k. The Philly Fed dropped from 16.8 to 12.0 in Sept., but still beat it's projection at 10.0. This measures the manufacturing in the Philadelphia region. Existing Home Sales rose in August from 5.42 mi...

By Michael O'Leary, Enrolled Agent, CPA Quality without CPA Prices!
(By The Book Taxes)
Comments 0
Last week I gave an overview of the “Equitable Relief” option of an Innocent Spouse. That article is linked here. This week’s article describes the Innocent Spouse filing available for taxpayers who live in the nine (9) community property states of California, Arizona, New Mexico, Nevada, Texas, ...