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 1
Mortgage backed securities (MBS) closed up 31 basis points today at 102.12 having briefly popped above resistance offered by the 50 day moving average prior to closing just 1 point below it. The 30 year rate was at 4.25% today. If you have a rate of 5% or more it is still not too late to refinanc...

By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
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:5.40%Conventional 15 year: 3.625%Credit score:740LTV:95%Loan Amount:$300kAPR:3.76% Rates are Subject to ChangeCall me today if you are thinking of...

By Mike Bjork
(American Pacific Mortgage)
Comments 2
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 down another 1 basis points today at 101.84 having remained below support offered by the 50 day moving average. The 30 year rate was at 4.25% today. If you have a rate of 5% or more it is still not too late to refinance; especially for those jumbo loans.  W...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
The negative effect of Fed Chair Janet Yellen's comments yesterday about the time to raise the Fed loan rate is on the horizon continued to beat up bonds and buoy stocks today.  Each of the three major indices here closed at records highs as a result while MBS bonds languished below all the day m...

By Nick and Cindy Davis, CRS,CLHMS,ABR,GRI,CIAS,ALHS,e-PRO,CDPE,SFR
(RE/MAX Premier Group)
Comments 1
The mortgage industry loves jargon and it can quickly confuse a real estate professional as well as the moreso a borrower. The Fannie Mae Sellers Guide alone has 91 different acronyms and abbreviations. See them here Mortgage Phrases You need to understand

By Tim Carroll, Branch Manager at CMG Financial
(CMG Financial)
Comments 0
A word from Chris M. George  

By Bruce Reichstein, Mortgage Industry Professional - 3 Decades
(Online FHA Mortgage Leads for Best-of-Breed Lenders)
Comments 1
A reader asks, "Can I use my current overtime income if I’ve been working at this company 20 months but my previous company I also had overtime which I worked there for 1 year and my previous before that I worked for 4 years with overtime?"FHA loan rules require the loan officer to verify income ...

By Mike Young, FHA 203k Consultant 707-812-7668
(203kOnLine.com, covering California & most other states)
Comments 4
While the FHA 203k loan program is a really good solution for many people seeking to repair their purchase or existing home. About one in a hundred is a major disaster. Sorry to admit that but they aren't all smooth as silk. The good thing is that if you start off with a nightmare 203k then you h...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 26
1st Time Homebuyer Seminars ..... Choosing A Realtor.  This part of the Seminar I have to give credit to an ActiveRain Member, and Realtor I worked with in the past on several Loans, Valerie Osterhoudt.  Even though I do the 1st Time Homebuyer Seminars on my own, from time to time I do invite a ...

By Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ
(Haven Express @ Keller Williams Arizona Realty)
Comments 14
Ancillary Business. Definition: Definition of ancillary activity: Business or non-trade activity that is not associated with the core activities of a firm.  In this case, aerial photography, primarily to take aerial photography and videography of our own single family residential real estate list...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 9
“Working with a Part-Time Agent” Good morning, Joe. I was wondering if you had any real estate agents that you could refer. Once you gave me a number of questions to ask, it was obvious I was heading in the wrong direction, so I have decided to not go down the route of having my friend help me. I...

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
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.44% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.59% Fixed 5 Year 4.64% 2.59% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.10% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
With no economic reports being issued today, stock traders had no guidance but to reflect on the successes of recent session.  It turned out to be a reflection in a golden eye a la Elizabeth Taylor, as all three Major U.S. indices hit new record highs.  Texas cured oil lost 1.3 today and still cl...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down another 16 basis points today at 102.03 after having fallen through support offered by the 50 day moving average. The 30 year rate was at 4.25% today. If you have a rate of 5% or more it is still not too late to refinance; especially for those jumbo lo...

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% 2.44% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.59% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.24% 10 YEARS 6.10% 3.79% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.20%

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Janet Yellen was testifying before Congress to day and stated that she should not wait too long before increasing rates.  In the same speech she said that the economy is not progressing as it should.  With inflation still effectively quite low, that would seem to contradict her statement.  As I h...

By Bruce Reichstein, Mortgage Industry Professional - 3 Decades
(Online FHA Mortgage Leads for Best-of-Breed Lenders)
Comments 1
A reader asks, "Does the “no exposed wiring” rule apply to an unfinished utility closet that has the furnace and water heater inside it? This is merely a smaller utility closet space that was never finished as it was never meant for any type of living area."FHA appraisal rules in HUD 4000.1 inclu...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 7
   “It’s Often Tough to get started on the Right Trac” Good Morning Joe,                   Amy here.  I am writing in hopes that we can have a one on one and that you might be able to guide me in what steps I need to be taking in order to make a plan to manage and secure my finances so that I can...