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 Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 50 basis points (bps) today at 103.69 having risen to within 18 basis points of resistance offered by the 200 day moving average.  The 30 year conforming fell to 4.00% today while the 30 year jumbo was available at 4.125% today.  Whether in New England, ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
With both the Standard & Poors 500 and the NASDAQ having closed at record highs yesterday stock future traders dared to open even higher this morning.  Both housing starts and building permits were down over 2% in April versus March's numbers.  A strong earnings report for Home Depot p;pushed the...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
“Great Response!”  A flight attendant was stationed at the departure gate to check tickets. As a man approached, she extended her hand for the ticket and he opened his trench coat and flashed her.Without missing a beat, she said, "Sir, I need to see your ticket, not your stub."           

By Michael McGlynn, Buyers Like Mike!....Find Out Why!
(Celebrity Homes)
Comments 0
Occasionally, when dealing with close relatives who might also become heirs, signing a note and handling the paperwork properly may seem like a needless effort but it could mean the difference in being able to take a legitimate interest deduction. Home mortgage interest is deductible only if the ...

By Michelle Cooks, Pensacola, Pace & Gulf Breeze Property Management
(Charles Stallions Real Estate Services)
Comments 1
Pensacola, Pace, Gulf Breeze Property Management: Average U.S. 30-year mortgage rate slips to 4.23%Freddie Mac: Long-term mortgage rates are down from their highest levels of 2017. Last week, the 30-year FRM was 4.30%; 15-year FRM was 3.50%, now is 3.44%. Read more. Are you paying too much in Pro...

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 2.99% 2.34% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.35% Fixed 4 Year 3.89% 2.49% Fixed 5 Year 4.64% 2.54% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.00% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 8
Connecticut should be re-named as the "Tax You State".  Our state legislators are continuously working on trying to find new ways to tax the residence of CT, and Real Estate seems to be a favorite target.  Once again the CT State Legislators are proposing a CT Homebuyer Conveyance Tax again this ...

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 2.99% 2.34% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.44% Fixed 5 Year 4.64% 2.44% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable 2.00% Prime 2.70% Benchmark 4.64%

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 9 basis points (bps) today at 102.69 having risen to within 69 basis points of resistance offered by the 200 day moving average.  The 30 year conforming was still clinging to 4.125% today while the 30 year jumbo was at 4.25% today.  Whether in New Englan...

By Mike Bjork
(American Pacific Mortgage)
Comments 1
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 John Meussner, #MortgageMadeEasy Costa Mesa, CA 484-680-4852
(Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 29
Having Debt Count Against You, When Someone Else Makes the Payment  **Update: As of May, 2017, Fannie Mae released updated guidance with regard to loans paid by an outside party --- for Conventional loans underwritten to Fannie Mae standards, if the lender can provide evidence that a non-borrowin...

By Whitney Watson
(First Heritage Mortgage)
Comments 2
I just closed on a 203k loan last week, so the process is fresh in my mind.  If you are unfamiliar with an FHA 203k renovation loan, check out this post.  I thought it would be helpful for borrowers considering a 203k to read about the process of this loan product.  Here’s a timeline of a full 20...

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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
    “Originally a 560 Credit Score, a Year Later 677”  Good Afternoon Mr. Petrowsky,I contacted you last year around the same time regarding purchasing a home and my qualifications. You informed me that the Spring of 2017 may be a good time for me.  Would you have time to do a new credit report j...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
As May reaches the half way mark, we have a week with little economic reporting.  Oil futures rose in reaction to the international cyber attack that some pundits are now attributing to North Korea.  I find the fact that the source of attacks software originated at our own NSA to be frightening. ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 9 basis points (bps) today at 102.53 having risen to within 86 basis points of resistance offered by the 200 day moving average.  The 30 year conforming was still clinging to 4.125% today while the 30 year jumbo was at 4.125% as well.  Whether in New E...

By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 4
FED MORTGAGE EFFORTS PROVE COSTLY Liz Rappaport reports in The Wall Street Journal that "The U.S. Federal Reserve's program to keep mortgage rates low by buying securities an Treasury bonds so far has been costly and seems to be having a fleeting impact." Analysts indicate that the Fed would have...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
I have been seeing a lot of articles about "the death of retail" on line and in various publications lately.  Sears has been in the news with rampant speculation as to how close it is getting to its demise.  Today extremely poor earnings from one of retail's icon, Macy's, drew further attention t...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed up 3 basis points (bps) today at 102.19 having risen to within 123 basis points of resistance offered by the 200 day moving average.  The 30 year conforming was still clinging to 4.125% today while the 30 year jumbo was at 4.125% as well.  Whether in New En...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.41%Canada housing 06/15/22 [-0.04]       5 Year - 1.00%CAN 0.50 03/01/22 [-0.04]       0.99%                       [-]                        10 Year - 2.05%Canada housing 06/15/27 [-0.06]       10 Ye...