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 Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 9
Here's an important alert from George Souto about buying a home with solar panels that may have been financed.  There can be some serious issues in the assumption of the financing conditions for these panels:   Homes With Solar Panels are becoming more and more common, in fact many towns and citi...

By Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent
(Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional)
Comments 1
I see so many potential buyers not be able to buy because when they divorced their spouse they did not properly clear up the joint debt. Joe Petrowsky sees it in his business as a mortgage broker. Make sure you are getting good advice from your attorney and ask specifically about your joint debt....

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
  “Thank You for the Introduction”  Joe,I would like to introduce you to Sasa XXXXXXX. She is a successful business owner and we have worked together on several projects. Sasa is a homeowner but is looking to buy a bigger home. Please contact Sasa at your convenience to learn more about her mortg...

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 102.50 having fallen to 97 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 also at 4.125%.  Whether in New England, the Mid ...

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
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 Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 27
And I see the graffiti on the door as I preview the home!Marks showing the son's height on his last 5 birthdays!What happens then?Should I ask them to repaint that area?Karen Fiddler, Broker/Owner's re-post on this touchy topic.Sellers Are People Too!!!! I admit it...I had dug in my heels. The ot...

By Michael Cantwell
(LoanDepot - NMLSR ID #644428)
Comments 0
I get asked  a question just about every day regarding the HFA of Lee County - Own a Home Opportunity Program and the Own a Home Opportunity Grant Program.  It goes something like this; Why do I care about Lee County when I am buying in Palm Beach County? or I said I was buying in Palm Beach Coun...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
The long awaited government jobs report came out today and it showed that 211,000 new non-government jobs were created in April.  It also showed the unemployment rate falling to 4.4%.  We all know, of course, that the latter figure is totally false and does not reflect all those pour souls who ha...

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 6 basis points (bps) today at 102.53 having rissen to within 89 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 also at 4.125%.  Whether in New England, the...

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 [-0.02]       5 Year - 1.00%CAN 0.50 03/01/22 [-0.02]       0.99%                       [-]                        10 Year - 2.04%Canada housing 06/15/27 [-0.01]       10 Ye...

By Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you
(Lyon Real Estate)
Comments 13
If I could say one thing to people who are facing foreclosure that could make a difference, that one thing is call a real estate agent. You might not want to sell your home but you might not have any choice. At least if you sell the home, you will probably get paid for your equity. If you let the...

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% 2.44% 4 YEARS 3.89% 2.54% 5 YEARS 4.64% 2.59% 7 YEARS 5.30% 3.19% 10 YEARS 6.10% 3.74% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.00%

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 7
“WHY WOMEN MAKE BETTER ASSASSINS”    The C I A had an opening for an assassin. After all the background checks, interviews and testing were done, there were three finalists: two men and a woman. For the final test, the C I A agents took one of the men to a large metal door and handed him a gun. "...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Tomorrow's government jobs report is taking over the spot light from technical trading tools for the short term.  It will be interesting to see how close Friday's report will be to the ADP report released on Wednesday.  It is interesting that as part of the Fed's statement yesterday that they wil...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 12 basis points (bps) today at 102.53 having fallen to 96 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 also at 4.125%.  Whether in New England, the Mid...

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% 2.34% 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 Karen Fiddler, Broker/Owner, Orange County & Lake Arrowhead, CA (949)510-2395
(Karen Parsons-Fiddler, Broker 949-510-2395)
Comments 110
I admit it...I had dug in my heels. The other agent had too. We were locked in fierce combat for our clients. My buyers were frustrated and the sellers were being very unreasonable. At least that's what WE thought. I have buyers who were buying a very nice home and using FHA financing. The price ...