Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
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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
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Whatever it is you're into and wherever you are, AR surely has a group for you to join.
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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.
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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
7 day Mortgage Interest Rate lock or Float Advice: LOCK
Points based on 3.0% Mortgage Backed Securities are down 0.26 Point.
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.39% MBS (3.5%) - 104.83, High: 105.11, Low: 104.83 DJI Stocks closed at $13,493.79, Up $69.56, Change 0.515% Asian & European Stock Market Indexes Up 1.582% Nymex Crude Oil Currently $91.61 Down $0.24 Gold 1 Once - 1741.04
MORTGAGE NEWS BRIEFS
Home Price Gains Boost Consumer Spending in September By: Tory Barringer A significant increase in home prices helped push Deloitte's Consumer Spending Index up in September, the company reported. The index, which tracks consumer cash flow as an indicator of future consumer spending, rose to 3.53 from 3.27 in August. A substantial 10.5 percent bump in housing prices accounted for much of the overall increase>> MReport
Mortgage Rates Continue Improving To End The Week by Matthew Graham After improving for the first time in a week yesterday, Mortgage rates moved slightly lower again on Friday. That said, late day market weakness may lead some lenders to recall initial rates sheets and raise rates/fees modestly. Even then, rates would still be at their best levels of the week with more lenders today joining the ranks of those already back down to a 3.25% Best-Execution for 30yr Fixed Conventional loans. >> Mortgage News Daily
Distressed Sales Leading to Inaccurate Appraisals By: Esther Cho Inflated appraisals were identified as one of the causes of the housing bubble, and now undervalued appraisals are viewed as a reason for a stalled recovery. In a September National Association of Realtors (NAR) survey related to home appraisals over the past three months, 11 percent of Realtors said a contract was cancelled because a home was appraised at a value below the negotiated price >>MReport
Foreclosures hit 5-year low By Kerri Ann Panchuk Foreclosure activity reached a 5-year low in September with only 180,427 filings made on distressed properties, RealtyTrac said Thursday. The filings surveyed include default notices, scheduled foreclosure auctions and bank repossessions. Overall, September's foreclosure numbers fell 7% from August and 16% from last year as more non-judicial foreclosure states moved through backlogs of foreclosure inventory. >>HousingWire
Property Flipping Gaining Momentum in 2012 With home prices still near historic lows and rental rates on the rise, several investors who have sizable cash are now entering the flipping market to make a profit on the influx of distressed assets that are available throughout the country. According to RealtyTrac, nearly 100,000 properties have been flipped nationwide in the first half of 2012. This is a substantial increase over the previous two years by 25% and 27%, respectively >>Mortgage Technology
Mortgage Rates Slightly Higher To Begin The Week by Matthew Graham Mortgage rates rose gently to begin the holiday-shortened week despite improvements in the underlying bond markets. Some lenders' rate sheets are little changed from Friday's latest offerings while others are marginally higher in cost with no change to the Best-Execution rates, which moved higher from 3.25% to 3.375% after Friday's jobs report >>Mortgage News Daily
Cash Buying Down in 2012 as Non-Investors Return By: Tory Barringer The percentage of homes purchased with cash nearly doubled between 2006 and 2011, even as mortgage rates fell into free-fall, research firm Hanley Wood Market Intelligence reported. Analysts Jonathan Dienhart and Ken Lee revealed that between 2006 and 2011, the share of homes purchased with cash jumped from 22 percent to 40 percent. The upward trend finally stalled in 2012 with a drop back to 38 percen >>MReport
Rising Home Values Bring Equity to Highest Level Since 2008 By: Tory Barringer Rising home values in September brought homeowner equity to its highest level since the third quarter of 2008, according to the Obama administration's latest Housing Scorecard. The scorecard was a little more positive than it has been in recent months, though officials continued to caution that the overall recovery is still fragile >>MReport
Calif. hands trial lawyers 'nuclear weapon' to use against mortgage industry
By Kerri Ann Panchuk* The Homeowner Bill of Rights launched in California not only changed hundreds of years of real estate law, it may have turned the West Coast state into a judicial foreclosure state with financial firms on high alert, legal experts claim. "In California, they just gave trial lawyers a nuclear weapon to use against the industry," said Bob Jackson, president and attorney at Irvine, Calif.-based Jackson & Associates >>Housing Wire
Low Mortgage Rates Fuel Rise in Applications By: Tory Barringer Mortgage application volume increased 16.6 percent in the week ending September 28, according to MBA's Mortgage Composite Index. On an unadjusted basis, the index increased 17 percent compared with the previous week. MBA also reported an increase in its Purchase Index, which rose 4 percent (both adjusted and unadjusted) from one week earlier and 11 percent year-over-year >> MReport
'Fiscal Cliff' Could Send Prices Tumbling By: Carrie Bay Recent gains in housing are closely linked to rising consumer confidence, according to numbers juxtaposed and analyzed by Clear Capital in its latest report on home price movements. The feeble underpinnings of price increases, however, could soon topple, according to the real estate valuation company >>MReport
Fed Study Points to Wisdom of Further HARP Enhancements By Jan Swanson Economists have been debating the value versus risk of expanded refinancing opportunities since the early days of the housing crisis. Proponents argue that refinancing would free up homeowner money for spending elsewhere to the benefit of the economy, opponents fear that since the Federal Housing Administration and the government sponsored enterprises (GSEs) are realistically the only source of refinancing currently available, any risk inherent in refinancing will disproportionately fall the government. >>Mortgage News Daily
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.