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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“It wasn’t just about the Time Spent”   Thank you for taking the time to answer all our questions.  We are beyond excited and can’t thank you enough for all the coaching you gave us over a year ago!!Lindsey After someone has had a short sale in their history, there is always going to be this sens...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
While MBS bonds soared today, stocks floundered and closed nearly flat in a mixed market.  Continued troubles in the retail market persisted today as JC Penney posted lower volume at stores across the nation.  Oil continued to remain under $48 per barrel while the core Consumer Price Index was up...

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 Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 41 basis points (bps) today at 102.59 having risen to within 81 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 Stephen Katz, Branch Manager, CMPS
(Katz Mortgage Team, a branch of VanDyk Mortgage Corporation)
Comments 0
Today we are excited to talk to you all about appraisals. We’ll go over what they are, how they work, and how they affect the purchase of your home.  Every time you write a contract, there will be a clause in there saying that a home has to appraise in order for the sale to go through. These aren...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“Leave it to Lisa to have such Great Common Sense”   Matt and Lisa, a couple who owned a small business, were in route to Europe when their plane was forced to land because of engine problems. The plane lands safely on the island and everyone deplanes safely. After a while old Matt turns to his w...

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 Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Fixed term best discounted rates & posted rates as of May 11, 2017 6 mos                                3.10%         3.14%1yr                                     2.44%          3.04%2yr                                     2.14%          2.84%3yr                                     2.44%         ...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Core Lending)
Comments 0
Conventional 30 year Mortgage: 4.375%Credit score:740LTV:95%Loan Amount:$300kAPR: 4.68%FHA 30 year: 4.25%Credit Score:740LTV:96.5%loan amount:$300kAPR:5.50%Conventional 15 year: 3.75%Credit score:740LTV:95%Loan Amount:$300kAPR:3.96% Rates are Subject to ChangeCall me today if you are thinking of ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
President Trump's executive orders are starting to affect environmental laws and commerce in our nation's largest state.  You may remember that several months ago I wrote a blog about a small Canadian junior gold and copper mining stock.  The company owns what is thought be the world's largest go...

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 102.12 having fallen to 131 basis points below resistance offered by the 200 day moving average after the monthly rollover.  The 30 year conforming was clinging to 4.125% today while the 30 year jumbo was at 4.25%.  Whethe...

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 Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 3.04% 2.34% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.44% 5 YEARS 4.64% 2.54% 7 YEARS 5.30% 3.19% 10 YEARS 6.10% 3.69% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.00%

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
The Bond Coupon Rollover is a monthly occurrence during which the current month's coupon is closed out and any new loans are placed with next month's coupon.  As an example today's price is significantly lower that yesterday's price even though the bond only dropped 9 basis points.  Although the ...

By Epcon Communities Epcon Columbia
(Epcon Columbia, SC)
Comments 7
Does anyone know how to use an IRA to buy a house? I have a customer who would like to use their IRA to buy a house.  What is the best reference on how to do this.  Has anyone worked with a client who has done this?  How has it worked. The home in question is about $230,000. Thanks in advance for...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
“Ideal Solution is a Bank Statement Loan” I have a business client who owns a commercial property in Hartford free and clear.  He is not lendable on the bank side due to his tax returns.  Ideally he gets a commercial mortgage, but he has about $190K in equity on his personal home and is looking f...

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 Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
With no economic reports coming out today and little earth shaking news around the globe, stocks remained virtually flat today.  Surprisingly though the NASDAQ with just a 1.9 point gain was able to eke out a new all time high record once again.  Although the size of the landslide in the French P...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 6 basis points (bps) today at 102.44 having fallen to 101 basis points below resistance offered by the 200 day moving average.  The 30 year conforming remained at 4.125% today while the 30 year jumbo was at 4.25%.  Whether in New England, the Mid Atlan...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
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 ...