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 Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 9
Home buyers may now reduce the cost of FHA mortgage insurance   One of the continuing issues with the use of FHA mortgage financing has been the cost of the mortgage insurance that is required when using this product to finance a home purchase. A new program has been announced that will encourage...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Core Lending)
Comments 0
Conventional 30 year Mortgage: 4.25%Credit score:740LTV:95%Loan Amount:$300kAPR: 4.58%FHA 30 year: 4.125%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 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 down 16 basis points (bps) today at 102.66 having fallen to 85 basis points below resistance offered by the 200 day moving average.  The 30 year conforming remained at 4.125% today.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else i...

By Stephen Katz, Branch Manager, CMPS
(Katz Mortgage Team, a branch of VanDyk Mortgage Corporation)
Comments 1
Today, we’ll talk about the difference between getting pre-qualified and pre-approved for a mortgage. There’s a clear difference.For pre-qualification, a buyer contacts a lender with financial information and the lender bases their decision off these numbers. This model relies heavily on informat...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Despite recognizing the drop off in the first quarter GDP and the slow moving inflation, Janet Yellen left open the door for more rate hikes of the the Federal Funds rate this year.  The federal funds rate is the rate that fed member banks are charged when the borrow from the Fed overnight.  The ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Term Posted Rate  Preferrred 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% 2.35% 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 2.00% Prime 2.70% Benchmark 4.64%

By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Comments 2
Interest rates for buying a home on the Palos Verdes Peninsula remained steady this week . The following are excerpts from the newsletter on interest rates published by HSH Associates :"Mortgage rates continue to meander about, largely rangebound, as financial markets try to figure out where we g...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
This is Fed week once again with the Fed holding its Open Market Committee tomorrow.   ADP will offer its take on last month's non government job creation in advance of the government's version on Friday.  Historically there have been large  gaps between the numbers in both reports causing questi...

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 up16 basis points (bps) today at 102.81 having risen to within71 basis points of resistance offered by the 200 day moving average.  The 30 year conforming remained at 4.125% today.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
With inflation extremely low and the economy barely growing during the first quarter, how can the Fed justify any more rate hikes in the near future.  The Personal Consumption Expenditure (PCE) was minus .1% last month and, as we recently heard, the economy grew only .7% in the first quarter of 2...

By Matt Brady, Lending With Competence And Character
(Skyline Home Loans)
Comments 1
March building permits were a slight beat this morning posting a 4.2% gain to 1.267 million annual units, just above expectations.  Treasury yields are unchanged as investors assess the prospects of a Trump tax cut.  Mortgages are doing well as spreads-to-treasuries have tightened a bit.  The 10-...

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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 9
   “The Effect of Large Credit Card Charges”   Hi Joe,Hope all is well! We wanted to touch base with you to obtain some guidance. We have been planning on purchasing a new bed for before we get married and plan to spend around $2,000. Now that we have a pre-qualification, we want to be sure to ma...

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

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Term Posted Rate Our 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% 2.35% 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 2.00% Prime 2.70% Benchmark 4.64%

By Frank Rubi, FrankRubiRealEstate.com
(Frank Rubi Real Estate, LLC)
Comments 3
  Homes With Solar Panels are becoming more and more common, in fact many towns and cities are providing incentives for homeowners to install solar panels on their homes.  However, Homes with Solar Panels Are Creating Re-Sale & Refinancing Issues.  As a result Realtors and Loan Originators need ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed down 12 basis points (bps) today at 102.66 having fallen to 87 points below resistance offered by the 200 day moving average.  The 30 year conforming remained at 4.125% today.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the ...