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 down 10 basis points today at 102.34 and came to rest 224 basis points below the 200 day moving average.   The MBS bonds which had been down 44 basis points early in the session did well to recover much of the early loss.  The 30 year was at  4.25%  once ag...

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% 2.39% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.54% Fixed 5 Year 4.64% 2.54% Fixed 7 Year 5.30% 3.19% Fixed 10 Year 6.10% 3.69% Variable Rate 2.15% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...

By Nick and Cindy Davis, CRS,CLHMS,ABR,GRI,CIAS,ALHS,e-PRO,CDPE,SFR
(RE/MAX Premier Group)
Comments 1
The Federal Reserve hiked short-term interest rates last Wednesday in a move largely predicted by economists, and it also suggested that three more additional increases could occur in 2017. So how exactly does this affect rates on mortgages. See how here Will Fed interest rate increases raise rat...

By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 30
Wells Fargo reduces required credit scores for FHA loans   According to a release by National Mortgage News, Wells Fargo has reduced the credit score requirement for FHA mortgage applicants. The FICO minimum has gone from 640 to 600. This change should provide opportunities for many more families...

By John Meussner, #MortgageMadeEasy Costa Mesa, CA 484-680-4852
(Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 49
Mortgage Rates are at Historic Lows...But...      As 'gurus' across the land prepare and release their forecast for 2017, one thing is near the top of all the mortgage forecasts - rates.      Since the election of Donald Trump, rates have climbed and climbed substantially from the low-mid 3's to ...

By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 1
We SELL Homes in Pensacola Florida 32514, Rising mortgage rates could tighten listing inventoryWhile higher rates would hurt buyers, they could also entice current owners not to move so they can keep enjoying their current lower-rate monthly payments. Read more.                                   ...

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% 2.29% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.49% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.09% 10 YEARS 6.10% 3.69% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.30%

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 14
“A Guilt Mind?”   A guy goes to the supermarket and notices an attractive woman waving at him. She says hello. He's rather taken aback because he can't place where he knows her from. So he asks, "Do you know me?"To which she replies, "I think you're the father of one of my kids."Now his mind trav...

By Svetlana Marinkovic, SecurityNational Mortgage Company
(SecurityNational Mortgage Company)
Comments 0
Did you know you can qualify for an FHA mortgage in as little as two years after a bankruptcy discharge, and 3 years for a foreclosure or deed in lieu negotiation? Pre–qualify today! Call or email to schedule a free confidential consultation Cell 602-326-4983 Cell 480-233-3010 DylanJamesMTG@snmc....

By Maureen Roberge
(LKNHomes.com)
Comments 6
Good Morning Everyone, I am looking to speak with anyone who has done church financing or financial instutions that specialize in this area. I look forward to hearing from you. Cheers!Maureen

By Nicholas Rausch
(Prime Time Lending)
Comments 1
Affordability is one of the main contributors of the housing market decline. The National Association of Realtors (NAR) released their Housing affordability Index last May which ( very simply put) compares family income versus mortgage amount. Which shows percentage increase of more than 12% from...

By Bill Ladewig, Experience Is Your Advantage
Comments 0
    MORTGAGE INTEREST RATE LOCK ADVISORY December 30, 2016, 7:45 AM PT  1-15 Day Close:   LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day.   Click for current Lock Advice  _____________________________________________________________________________...

By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Comments 4
My husband and I have been self employed for 31 years. I have been self-employed longer than I have been employed by someone else and fully understand the issues connected with self-employment. However, when we first started in the entrepreneurial track, several eye opening experiences happened w...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
S & P 500 futures pointed slightly upward this morning as first time unemployment claims were at 265,000, which was 10,000 fewer than expected.  Gold headed slowly upward as oil sold off 20 cents.  The 10 year U.S. Treasury yield was at 2.49% while the German Bund yield was only .17%.  We are now...

By Doug Dawes, Your Personal Realtor®
(Keller Williams Realty - Topsfield, MA)
Comments 8
An associate of mine sent me a weekly snapshot of the mortgage market for this week v last week. Seems rates are continuing to move up slowly BUT still are low compared to normal (which I've learned is just a setting on your dryer.) =:o) 12/29/16(most recent) AverageRate Points& Fees Margin  30-Y...

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 up another 19 basis points today at 102.38and came to rest only 222 basis points below the 200 day moving average.   The 30 year was at  4.25%  once again today.  If you have a rate of 5% or more it is still not too late to refinance; especially for those j...

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 - 1.66%*Canada housing 06/15/22 [-0.01]       5 Year - 1.13%CAN 0.75 09/01/21 [-0.01]       0.96%                      [-]                        10 Year - 2.36%*Canada housing 06/15/27 [+0.01]       10 Ye...

By Pat & Sharon Mistowski, Horizon Lending Services, LLC
(Horizon Lending Services, LLC)
Comments 2
How an Interest Rate Lock Works and When to do OneThe purpose of interest rate locks for mortgages is to provide a borrower with the ability to “lock in” a low-interest rate with a mortgage lender during the process of closing of a home purchase. This allows a buyer to get a good interest rate wh...

By Bill Ladewig, Experience Is Your Advantage
Comments 0
      MORTGAGE INTEREST RATE LOCK ADVISORY December 29, 2016, 8:00 AM PT  1-15 Day Close:   LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day.   Click for current Lock Advice  ____________________________________________________________________________...