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 2
Mortgage backed securities (MBS) closed flat today at 102.44 having closed 96 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlantic...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Consumer spending remained solid last month due in part to a strong labor market. March retail sales jumped 1.6% from February versus the 0.9% expected and was the largest gain in 18 months led by gains in auto sales and gasoline receipts. Retail Sales x-autos also surged by 1.2%, well above the ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 10
“I’m Impressed!”    A guy sticks his head in the barber shop and asks, "How long before I can get a haircut?" The barber looks around the shop and says, "About two hours." The guy leaves. A few days later, the same guy sticks his head in the door and asks, "How long before I get a haircut?" The b...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 18
“I wonder what the Officer was thinking?”   A wife went to the police station with her next-door neighbor to report that her husband was missing. The policeman asked for a description. She said, "He's 35 years old, 6 feet 4, has dark eyes, dark wavy hair, an athletic build, weighs 185 pounds, is ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 2.00%* CANHOU 06/15/24 [-0.04]   ‌ 10 Year - 2.26%* CANHOU 09/15/29 [-0.06] * denotes interpolated rate       GoC 5 Year - 1.66% CAN 2.50 06/01/24 [-0.05]   ‌ 10 Year - 1.78% CAN 2.0 06/01/28 [-0.05] GOC Bonds are for reference purposes only Floating rate insu...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“Credit Scores Continue Lower for FHA Borrowers”     A decrease in average borrower credit scores to 670 for FY 2018, the lowest average since 2008. This decline has continued in FY 2019 as:–      More than 28 percent of new forward mortgage endorsements in the first quarter of FY 2019 had credit...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Weekly Jobless Claims continue to drop, as they dropped from 197k to 192k last week. Retail Sales rebounded, after dropping 0.2% in February, it jumped up 1.6% in March; and if you exclude Autos, then it jumped up 1.2%. Manufacturing in the Philadelphia region d...

By Keith Landis, Pennsylvania - "Your Pennsylvania Mortgage Source"
(Keystone Home Finance - NMLS#834342 - Conventional - FHA - VA -USDA - Jumbo Programs - Direct Phone 412-726-1654)
Comments 0
Although 10% is typically the minimum down payment for a Jumbo Mortgage, there is an option to for a Jumbo Mortgage with just a 5% down payment.  Jumbo Mortgages are Available with just a 5% Down Payment Sometimes we meet homebuyers who have plenty of down payment saved but they do not want to ti...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 0
Conventional 30 year Mortgage: 4.125%Credit score:740LTV:75%Loan Amount:$300kAPR: 4.702%FHA 30 year: 4.125% Credit Score:740LTV:96.5%loan amount:$300kAPR: 5.025%Conventional 15 year: 3.625%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.9% Rates are Subject to ChangeCall me today if you are thinki...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
The spring homebuying season got off to a decent start though sales have somewhat eased this season. RE/MAX reports that home sales in March were up 29% from February though down 8.6% from a year earlier. RE/MAX reports that March 2019 was the 8th consecutive month of year-over-year declines and ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed flat today at 102.38 having closed 90 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlantic...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Wholesale Inventories rose 0.2% in February. Later today, the Fed's Beige Book will be released. This will provide us with a more Micro view of our economy, broken down into regions. Stocks are trading in Mixed Territory based on Mixed Corporate Earnings Reports...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 2
 Over the years I have had this question asked in so many ways.... Furniture is a common one, and a client just asked me that one yesterday.  While guidelines continue to evolve it is important to understand what is happening in the mortgage world and what we do as lenders, often behind the scene...

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 3.59% 3.19% Fixed 2 Year 3.74% 3.19% Fixed 3 Year 3.89% 3.09% Fixed 4 Year 3.94% 3.19% Fixed 5 Year 5.34% 3.09% Fixed 7 Year 5.80% 3.49% Fixed 10 Year 6.10% 3.44% Variable 2.95% Prime 3.95% Benchmark 5.34% Rates may vary provin...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 80
If you're happy where you are, then congratulations! But if you're dreading Monday, maybe it's time for a change.  Consider one of these career offerings! (Click below) (Please SHARE, you may help someone find their dream job! ) Send your resume to Trent.Dalrymple@TexanaBank.com if you have a min...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 9 basis points today at 102.41 having closed 96 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, t...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Corporate earnings season kicked off on a high note today with the banking sector coming in with solid numbers. Both JPMorgan Chase and Wells Fargo beat expectations for revenues and profits. Earnings season will give investors insight as to whether or not the US economy is cooling and what will ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 6 basis points today at 102.44 having closed 97 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Home builders remained confident in the market for newly-built single-family homes in April though they continue to deal with affordability concerns due to a shortage of construction workers and buildable lots. The NAHB Housing Market Index rose one point this month to 63 where any number over 50...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
US stocks are lower to begin the holiday shortened trading week after mixed earnings numbers from Goldman Sachs and Citigroup as earnings season kicks into high gear. The S&P 500 Stock Index, currently at 2,902, is now just 26 points from its all-time closing high of 2,930 hit back on September 2...