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 David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Here are your Mortgage Rates for the Houston Area Conventional 30 year Mortgage: 3.625%Credit score:740LTV:80%Loan Amount:$200kAPR: 3.82%FHA 30 year: 3.5%Credit Score:740LTV:96.5%loan amount:$200kAPR:4.66%Conventional 15 year: 2.875%Credit score:740LTV:80%Loan Amount:$200kAPR:3.12% Rates are Subj...
By Paul Antonelli, Broker Owner; NextHome Antonelli Realty
(NextHome Antonelli Realty)
Comments 0
The Bank of Japan's decision to target a 0% yield on 10-year Japanese government bonds should reassure the government that it can run bigger deficits without triggering a jump in debt service costs, thereby promoting increased spending. But with a peg, the BOJ must buy as many 10-year bonds as ne...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY September 28, 2016, 7:45 AM PT  1-14 Day Close:   LOCK  15-30 Day Close: LOCK  31-45 Day Close: FLOAT Cautiously Recommendations can change throughout the day.   Click for current Lock Advice  __________________________________________________________________...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms The Bank Preferred Rates 1 Year 2.84% 2.29% 2 Years 2.79% 2.24% 3 Years 3.39% 2.49% 4 Years 4.09% 2.39% 5 Years 4.79% 2.49% 7 Years 5.85% 3.39% 10 Years 6.09% 3.69% VIRM 2.70% 2.20% The prime rate is 2.70%  
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 19
  So far I have covered the FHA Waiting Period For FHA Mortgages After A Short Sale and the VA Waiting Period For VA Mortgages After A Short Sale.  Today I will cover the Fannie Mae Waiting Period For Conventional Mortgages After A Short Sale.  I have saved this one for last because the Fannie M...
By Mike Bjork
(American Pacific Mortgage)
Comments 0
http://MikesDailyMarketReport.com:  Provides a synopsis of the daily interest rates for mortgages and home loans and Interest Rate Trends.  You'll find insight on what is driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest...
By Manish Chanda, Albuquerque and Santa Fe Area Real Estate
(Everest Peak Group)
Comments 0
Last weekend marked a significant moment in mortgage finance history as the new, so-called "trended" credit data was launched.We initially looked at trended credit data back in May. However, its planned introduction date of June 25th was postponed until last weekend, so we can now finally look fo...
By Mike Bjork
(American Pacific Mortgage)
Comments 4
http://MikesDailyMarketReport.com:  Provides a synopsis of the daily interest rates for mortgages and home loans and Interest Rate Trends.  You'll find insight on what is driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest...
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
OPEC, the Organization of Petroleum Exporting Countries after months of infighting announced today the beginning November they would cut production.  This sent oil pricing gushing higher due to the impending shrink in supply.  Stock traders rallied on the news as bonds fell somewhat from their lo...
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down today at 103.97 having  remained above all 5 moving average and now just 30 basis points above the 50 day moving average.  The 30 year was at 3.50% during today's trading.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 56
Borrowers Need To Beware Of Zillow's New Mortgage Pre-Approval Tool.  Zillow just launched its new Mortgage Pre-Approval Tool which according to Zillow "allows home shoppers to get pre-approved for a mortgage quickly and easily".  Sounds good right?  Well like most anything else, a consumer, in t...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
USDA has announced some fantastic news for their loans. On all loans that USDA issues commitments on or after October 1st, 2016 they are lowering their fees. USDA commitments are when USDA officially issues an approval. When doing a USDA loan your mortgage lender issues an approval and then it go...
By Bill Ladewig, Experience Is Your Advantage
Comments 2
MORTGAGE INTEREST RATE LOCK ADVISORY September 27, 2016, 7:45 AM PT  1-14 Day Close:   LOCK  15-30 Day Close: LOCK  31-45 Day Close: FLOAT Cautiously Recommendations can change throughout the day.   Click for current Lock Advice  __________________________________________________________________...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 18
The US Department of Defense is making Changes To The Military Lending Act (MILA) On October 3rd.  These changes will require Lenders to be more responsible in identify active military service members and/or their dependents who are covered by the MILA.On October 3rd Loan Originators will be requ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.99% 2.29% 2 YEARS 2.84% 2.14% 3 YEARS 3.39% 2.24% 4 YEARS 3.89% 2.39% 5 YEARS 4.64% 2.49% 7 YEARS 5.30% 2.99% 10 YEARS 6.10% 3.59% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.30%
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed flat today at 104.09 having  remained above all 5 moving average and a full 42 basis points above the 50 day moving average.  The 30 year was at 3.50% during today's trading.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 7
“If Debt Ratios are Tight, it is a Good Idea to Check before You Look”   This client made the mistake a few years ago. He didn’t check with me to make sure that the numbers worked and they didn’t. Originally we were looking at a home where the property taxes were $4200, but the offer was not acce...
By Bob Thompson, 562.344.5626 | ALT-Doc, No Income HELOCs and Private Money, AltDocLoan.com - Residential and Commercial Loans
(Commercial and Residential Niche Loans)
Comments 1
Alternative Documentation (ALT-Doc) Loans12 Month Bank Statement Averaging, 1 Year Taxes or Asset Amortization Loans for Business Owners.   No Taxes, w2's or executed 4506T are required. Minimum FICO score is 720.Must be Self-Employed for the last 2 years. Realtors are considered self-employed.  ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.89% 2.29% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.20% Fixed 4 Year 3.89% 2.44% Fixed 5 Year 4.64% 2.39% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.20% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...
By Amanda Thomas, Broker, Realtor®, SRES®, BPOR
(Providence Group Realty)
Comments 2
Everyone knows that all interested party contributions need to be disclosed on the Closing Disclosure / Final Settlement Statement, right? CFPB and TRID / RESPA changes that took effect in October 2015 have both emphasized disclosure rules and placed  more responsibility on the shoulders of lende...