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 Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
HIGH RATIO fixed term best discounted rates & posted rates as of June 11, 2019 Terms                           Posted Rates                Preferred Rates 6 mos                          3.34%                          3.30%1 year                          3.59%                          3.19%2 year ...

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% 3.14% Fixed 3 Year 3.89% 2.89% Fixed 4 Year 3.94% 3.07% Fixed 5 Year 5.34% 2.89% Fixed 7 Year 5.80% 3.14% Fixed 10 Year 6.10% 3.19% Variable 2.90% Prime 3.95% Benchmark 5.34%

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: The Consumer Priced Index rose only 0.1% in May, which it's YoY dropped from 2.0% to 1.8%. The Core CPI (excluding food and energy) also rose only 0.1%. It's YoY dropped from 2.1% to 2.0%. Stocks are trading in Negative Territory, despite the lower Consumer Infl...

By Mike Bjork
(CMG Financial)
Comments 2
http://MikesDailyMarketReport.com: NFIB Small Business, which measures the confidence among Small Businesses, rose from 103.5 in April to 105.0 in May. Producer Priced Index, which measures inflation on the Wholesale sector, rose 0.1% in May. However, it's YoY dropped from 2.2% to 1.8%, further i...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.79%* CANHOU 12/15/24 [+0.09]   ‌ 10 Year - 1.96% CANHOU 09/15/29 [+0.08]   * denotes interpolated rate GoC 5 Year - 1.39% CAN 2.25 03/01/24 [+0.10]   ‌ 10 Year - 1.50% CAN 2.0 06/01/28 [+0.10] GOC Bonds are for reference purposes only Floating rate insured c...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Due to the recent decline in the 30-year mortgage, refinancing your current mortgage could be beneficial to a large portion of mortgage holders. Black Knight reports that there are nearly seven million Americans that hold a mortgage that can now refinance at a lower rate of at least a 0.75% diffe...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) down 19 basis points today at 103.16 having closed 149 points above support offered by the 200 day moving average. The conforming rate is at 4.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
“There are Options when You Can’t Find the Right Home”  Mr. Petrowsky,Unfortunately we can’t find a single family home we can afford. It has been over 6 months, but no luck. It is time for us to move in a different direction. When we met we discussed our comfort level for a mortgage payment compa...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Nothing to report on the Economic Calendar today. Stocks are Up this morning after it was announced over the weekend that the US and Mexico reached an agreement over the migration issue, so the US will not impose sanctions. Steven Mnuchin and PBC's Yi Gang had r...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“House Flipping not Always Successful”  Mr. PetrowskyBarbara XXXXXX gave me your contact information, I met her at the closing, as she purchased and you handled the mortgage for her. This was a property that I flipped and had on the market for 9 months. The truth is I barely broke even so I’m not...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
 And the survey says: 75,000 jobs created in May, well below the 180,000 expected. Downward revisions to March and April erased 75,000 jobs from what was previously reported. Job growth is averaging 164,000 in 2019, down from 229,000 over the same period in 2018. The unemployment rate remained st...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
And the survey says: 75,000 jobs created in May, well below the 180,000 expected. Downward revisions to March and April erased 75,000 jobs from what was previously reported. Job growth is averaging 164,000 in 2019, down from 229,000 over the same period in 2018. The unemployment rate remained ste...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.70%* CANHOU 12/15/24 [-0.01]   ‌ 10 Year - 1.88% CANHOU 09/15/29 [-0.01]   * denotes interpolated rate GoC 5 Year - 1.29% CAN 2.25 03/01/24 [-0.01]   ‌ 10 Year - 1.40% CAN 2.0 06/01/28 [-0.01] GOC Bonds are for reference purposes only Floating rate insured c...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) up 12 basis points today at 103.34 having closed 168 points above support offered by the 200 day moving average. The conforming rate is at 4.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the M...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
“Not All Mortgages are Cookie Cutter”   Joe, I screwed up, what do you know about Zillow mortgage? Since the property I was selling was posted on Zillow, they offered doing a mortgage for me. So, stupidly I spoke to someone and actually started the process of doing a mortgage application. This pr...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Nonfarm Payroll really disappointed in May, as only 75k new jobs were created. Also, there were revisions from the previous 2 months, which were lowered by 75k combined. Unemployment remained unchanged at 3.6%. Average Hourly Earnings rose 0.2% in May. Wholesale...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims rose this week from 215k from previous week to 218k. These are still low numbers, which is why Investors shrugged off the ADP number yesterday. They're anticipating approximately 190k new jobs for tomorrow's BLS' report. Q1 Productivity wa...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 0
 Back in March FHA announced they would be adjusting underwriting making it more difficult in certain situations to get an approval. (you can read about that here: https://activerain.com/droplet/5j25 )Just today we we received a "Lender Letter" from Fannie Mae (LL2019-06) with similar changes aft...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 0
Conventional 30 year Mortgage: 3.875%Credit score:740LTV:75%Loan Amount:$300kAPR: 4.015%FHA 30 year: 4.0% Credit Score:740LTV:96.5%loan amount:$300kAPR: 4.9%Conventional 15 year: 3.375%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.62% Rates are Subject to ChangeCall me today if you are thinking ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 8
“Holly”      After getting all of the Pope's luggage loaded into the limo (and he doesn't travel light), the driver notices that the Pope is still standing on the curb."Excuse me, Your Eminence," says the driver, "would you please take your seat so we can leave?" "Well, to tell you the truth," sa...