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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ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
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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.
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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.
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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 up 0.16 point.
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.39% MBS (3.5%) - 104.53, High: 104.69, Low: 104.34 DJI Stocks closed at $13,229.20, Down $-3.42, Change -0.026% Asian & European Stock Market Indexes Up 0.557% Nymex Crude Oil Currently $87.04 Up $0.80 Gold 1 Once - $1,694.12
MORTGAGE NEWS BRIEFS
Mortgage Rates Hover as Uncertainty Reigns By: Tory Barringer Fixed mortgage rates fell back slightly to start November as investors anxiously wait for signs of which direction the economy is headed. According to Freddie Mac's Primary Mortgage Market Survey, the average rate for a 30-year fixed-rate mortgage was 3.39 percent (0.7 point) for the week ending November 1, down from 3.41 percent in the previous week. >> Read More
Falling Supply to Create Spike in New Home Prices By: Tory Barringer The U.S. housing market "has entered a sustainable period of improving conditions," Pro Teck Valuations CEO Tom O'Grady says in the company's most recent Home Value Forecast. Pointing to "very low mortgage rates, stable to rising home prices, declining unemployment, declining housing inventories and a strong rental market," O'Grady says housing is in a good position to continue growth. Those positive trends should lead to growth in the overall economy, he adds >> Read More
Homeownership Increases in Q3, Rate Remains Flat By: Mark Lieberman, The number of owner-occupied homes reached 75,076,000 in the third quarter, increasing from 74,832,000 in the second but down from 75,251,000 a year ago, the Census Bureau reported Tuesday. At the same time, the nation's homeownership rate (seasonally adjusted) remained at 65.5 percent>>Read More
Wells Fargo Issues Refunds to Overcharged Borrowers By Tory Barringer Wells Fargo has issued thousands of refund checks to home loan customers who paid unnecessary mortgage fees, according to a report from the Los Angeles Times. According to the newspaper, Wells Fargo sent out refunds to as many as 10,000 customers along with letters explaining that they had paid too much. The Los Angeles Times broke the story after obtaining a copy of one of the letters; no public announcement from the company has been made about the checks.>> MReport
Analysts Examine Bernanke's Bet on Housing By: Krista Franks Brock As the Federal Reserve launches its QE3 monetary policy, some interpret the plan as a sign Fed Chairman Ben Bernanke has "gone 'all in' on the U.S. housing market" and is clinging to hope the housing market can not only recover itself, but also restore the entire U.S. economy. This, at least, is the outlook of Global Markets Intelligence (GMI) Research. The research firm suggests the Fed is turning to the housing market "as the last, best hope" for strengthening the overall economy. » MReport
Study: New Mortgage Rules Could Shrink Lending by 20%. Pending mortgage regulations could lock today's tight lending standards in place and result in nearly 20% fewer mortgages being issued in the coming years, restraining home sales and construction, according to a new study. The report from the American Action Forum, a center-right think tank, provides an estimate of the potential impact of three important mortgage regulations set to take effect next year: Together, the new rules "will raise the cost of borrowing for millions of home buyers and tighten access to credit beyond pre-boom standards, a period of much more responsible lending than in the lead-up to the housing crisis," says the AAF paper.>>Wall Street Journal
U.S. sues Bank of America over 'Hustle' mortgage fraud REUTERS - The United States filed a civil mortgage fraud lawsuit against Bank of America Corp, accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie Mac that went into default and caused more than $1 billion of losses. Wednesday's case, originally brought by a whistleblower, is the U.S. Department of Justice's first civil fraud lawsuit over mortgage loans sold to Fannie Mae or Freddie Mac. >>Reuters
Great Recession creates 4.8 million renters By Kerri Ann Panchuk* The United States added 4.8 million renters in the past six years while losing 1.7 million owner households as the dynamics of the real estate space changed in the wake of the 2008 financial meltdown, according to the Mortgage Bankers Association. The market experienced additional changes in the first nine months of 2012, creating unexpected outcomes in the housing finance sector, prompting the MBA to alter its forecast for 2012. >>Housing Wire
Mortgage Rates Unchanged To Slightly Higher by Matthew Graham Mortgage rates were steady to very slightly higher in most cases on Monday, though some lenders were in slightly better territory than on Friday. Market movements were fairly subdued with the all of today's trading in Treasuries and Mortgage Markets contained inside the range established by Friday's highs and lows. Conventional 30yr Fixed Best- Execution remained at 3.375%>>Mortgage News Daily
Existing Home Sales Decline; Prices Rise for Seventh Consecutive Month By Jann Swanson Existing home sales declined slightly in September, but the national median home price rose as inventories tightened. The National Association of Realtors® said that completed transactions of single-family homes, townhomes, condos, and co-ops were down 1.7 percent to a seasonally adjusted rate of 4.75 million units in September. August sales were revised upward from 4.82 million to 4.83 million. The September number is 11.0 percent higher than existing home sales in September 2011 which were at an annual rate of 4.28 million.>>Mortgage News Daily
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
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.