Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
This weeks calendar has a host of information being released along with 3 Treasury auctions, some FED testimony and The Toxic Asset factor.
Here is what we have for the week:
Monday March 23: Existing Home Sales for February, expected down 0.8%. The market had a bit of a surprise this morning as this number came out and was MUCH more of a positive number than anticipated. (up 5.1%). It ultimately had little effect on the market which has remained only 2/32's above or below positive the entire day. The reason? Because the prices on these homes fell 15.5%, so while there was some good news, there was enough bad to balance out the good.
Tuesday: Fed Chair Bernake testifies to the House Financial Services Committee. He is there to be grilled about the Fed Bail out of AIG and the retention bonuses. This will most likely be nothing more than political grandstanding and not likely to have any substance that will move the mortgage world.
Tuesday: Treasury Auctions $40 Billion 2 year notes. Expected to be well bid, especially since the Fed is also there to buy to keep rates at reasonable levels. With the Fed as a buyer it is not likely to be a market mover.
Wednesday: February Durable Goods, expected -2.0%. most likely a ho-hum event as it has been widely anticipated that that this would be a weak number.
Wednesday: February new Home Sales, Expected -2.9%. As forecast this number will be the lowest since 1963. Not likely to be a market mover.
Wednesday: Treasury auctions $34 Billion 5 year notes. While we have the Fed there to step in and bid to keep yields low, a poorly bid auction could be a bad news signal to the mortgage market. If bidding goes well with out the Fed stepping in it is supportive of lower rates, but the Fed stepping in as a bidder in any major sense will be bad for rates.
Thursday: Initial Jobless claims, expected up 4,000. Once again this is not a number that is expected to move the market, especially since the Jobs report will be released on April 3.
Thursday: Final Revision of fourth quarter GDP, expected -6.5%. The weak number is already priced in, and it is stale data. we are almost done with the 1st quarter after all!
Thursday: Treasury back in action with $24 Billion of 7 year notes to sell. See the notes for the 5 year auction... Cant really say more than that!
Friday: February Personal Income, Spending and PCE index, expected -0.1%, +0.2% and +0.2%. The PCE is the FEDs favorite, since it truly shows what consumers are doing vs what they are feeling. (PCE = Personal Consumption). But as forecast this bucket of numbers is not likely to move mortgage rates.
The biggie of the week is not even on the official calendar, it is the Obama Administration's program that is anticipated to be announced this week on what to do with the bad loans banks are holding. These so called "toxic assets" are clogging balance sheets and banks are not willing to lend (mostly on the corporate side), if the plan clearly lays out a way to free up the lending it will help business grow pushing stocks higher and the credit markets lower. Lower prices on Credit instruments equate to higher yields. If the plan is disappointing to the stock markets, it will likely push stocks down and the flight to quality into the credit markets will push prices up and yields down. To date, Treasury Secretary Geithner has not exactly been clear, and the markets have not been happy with his lack of clarity.
In my humble opinion, I think we need to see the Resolution Trust come back into play. back in the 80's S&L crisis the government would step in and take over troubled banks... shake out the bad and hand them over to a healthy bank. My very first job in the mortgage industry was with one of these S&L's that were taken over, it was not much fun for me, but for account holders it was a seem less step, and historically speaking Uncle Sam only held the banks for a few months at a time while they were cleaned up and handed off.
For this week, we may see slightly lower rates by the end of the week if things fall into play as anticipated, but the wild card may push things the other way. With rates bouncing around in the low (almost never before seen territory) it is not likely we will see significantly lower rates, but time will tell!
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.