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 Karen Rice Madison AL Realtor, 434-282-7936 Call/Text
(Keller Williams Realty Madison)
Comments 0
If you're wondering, "What the heck are mortgage points?" I hope you will read this clear and concise explanation by Mortgage Professional, Rob Spinosa.  Enjoy.... What's the Point of Points?   Let's get right to the point.  What point?  Points.  I don't get it.  What's your point?  The point is ...

By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 0
32514 Pensacola Florida News: Creative financing: You’ve heard of it, and, as a seller, the idea sounds pretty attractive. But, do you know everything you need to know about carrying back a second; essentially, about becoming a lender? You better know the same things that financial institutions k...

By Cary Carlen, Home Loan solutions | Self Employed home loans!
(HomeXpress Mortgage)
Comments 0
Hello All,Our Forgin national mortgage program requires..NO DTI -NO Reserves -70% LTV Purchase-Cash out 65% -6 months seasoning for new value -Loan Amounts to 1.5 million -5yr -7yr - 30yr! No Fico - Chat Soon!Cary Carlen 949-535-0931  

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) down 9 basis points today at 103.16 having closed 147 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 Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: There's a lot of data on the Economic Calendar to report today. We'll start with the Retail Sales and Retail Sales without Autos for May, which were both up 0.5%. This was on the heels of a positive revision the previous month for both data points. Industrial Pr...

By Dan Edwards 425-276-7008
(Keller Williams Realty - Bellevue)
Comments 2
How to Get Better Credit for a Home LoanIt doesn’t seem fair that one number can determine so much of our future. At 18, we get to vote and make adult decisions. At 21, we can drink legally. However, one number follows us around for the rest of forever.READ MORE

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 1
Conventional 30 year Mortgage: 3.875%Credit score:740LTV:75%Loan Amount:$300kAPR: 4.015%FHA 30 year: 4.0% Credit Score:740LTV:96.5%loan amount:$300kAPR: 4.9%Conventional 15 year: 3.375%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.62% Rates are Subject to ChangeCall me today if you are thinking ...

By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
Comments 0
I keep seeing articles about mortgage applications in decline, when we are booming and seeing a very healthy market.  Buyers are getting the offers they want as the market has shifted from a definite seller's market to a healthy and balanced buyer's market.  We were seeing 5+ offers on properties...

By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
Comments 1
As a mortgage lender, I have always viewed Non-QM Loans as a great opportunity for people to receive a loan that doesn’t include all of the confusing and time spending rules a regular QM loan requires.  In previous years, (viewing them on a much higher scale) Non-QM hadn’t reached the popularity ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
After six straight weeks of declines, mortgage rates held steady this week and remain at lows seen in September 2017. Easing trade tensions with Mexico helped to stabilize the markets. Freddie Mac reports that the 30-year fixed-rate mortgage was unchanged at 3.82% today with an average 0.6 in poi...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
 After six straight weeks of declines, mortgage rates held steady this week and remain at lows seen in September 2017. Easing trade tensions with Mexico helped to stabilize the markets. Freddie Mac reports that the 30-year fixed-rate mortgage was unchanged at 3.82% today with an average 0.6 in po...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) flat today at 103.25 having closed 157 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 Mid Atlantic or t...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Initial Jobless Claims rose 3k from the previous week's numbers, going from 219k to 222k. However, the previous week's numbers were revised higher by 1k (218k to 219k). Stocks are trading in Positive Territory this morning. There was a more positive tone today, ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 8
“Who are You Calling DUMB?”    A young boy enters a barber shop and the barber whispers to his customer, "This is the dumbest kid in the world. Watch while I prove it to you."The barber puts a dollar bill in one hand and two quarters in the other, then calls the boy over and asks, "Which do you w...

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 11, 2019 Terms                           Posted Rates                Preferred Rates 6 mos                          3.34%                          3.30%1 year                          3.59%                          3.19%2 year ...

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% 3.07% Fixed 5 Year 5.34% 2.89% 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 0
http://MikesDailyMarketReport.com: The Consumer Priced Index rose only 0.1% in May, which it's YoY dropped from 2.0% to 1.8%. The Core CPI (excluding food and energy) also rose only 0.1%. It's YoY dropped from 2.1% to 2.0%. Stocks are trading in Negative Territory, despite the lower Consumer Infl...

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 [+0.09]   ‌ 10 Year - 1.96% CANHOU 09/15/29 [+0.08]   * denotes interpolated rate GoC 5 Year - 1.39% CAN 2.25 03/01/24 [+0.10]   ‌ 10 Year - 1.50% CAN 2.0 06/01/28 [+0.10] GOC Bonds are for reference purposes only Floating rate insured c...

By Mike Bjork
(CMG Financial)
Comments 2
http://MikesDailyMarketReport.com: NFIB Small Business, which measures the confidence among Small Businesses, rose from 103.5 in April to 105.0 in May. Producer Priced Index, which measures inflation on the Wholesale sector, rose 0.1% in May. However, it's YoY dropped from 2.2% to 1.8%, further i...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Due to the recent decline in the 30-year mortgage, refinancing your current mortgage could be beneficial to a large portion of mortgage holders. Black Knight reports that there are nearly seven million Americans that hold a mortgage that can now refinance at a lower rate of at least a 0.75% diffe...