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 Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com: Manufacturing in the NY region improved in July, as the Empire State Index indicated that it went from -0.2 in June to 17.2 in July. Industrial Production rose to 5.4% in June; and Capacity Utilization rose to 68.6%. Later today, we'll get a micro view of the US economy, as the Fed Beige Book will be released. Stocks started the day off in Positive Territory on news by Moderna and an Oxford Research (assisted by Astra Zaneca) regarding positive results for vaccinations. Also, up today are more Earnings Reports. President Trump signed a bipartisan bill with sanctions against China for the actions toward those in Hong Kong and signed an order to remove preferential treatment for Hong Kong. Of course, China has vowed retaliation. MBS are Up 2bps this morn...
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By Jamie McKaye, An avid property investor and analyst of markets
(Forward Thinking Property)
 It might surprise some developers to learn that high street banks and building societies still provide the highest level of funding to the Small to Medium Enterprise or SME sector. But there are new players in the market in the form of new types of banks, challengers to the big names and these new institutions have been given the moniker of ‘challenger banks’.Challenger banks, the new names for fundingChallenger banks are markers in the financial marketplace set up to compete with the long-established big names, they are authorised organisations and covered by the Financial Services Compensation Scheme (FSCS). There are some challenger banks focused on commercial lending and these include Aldemore, Shawbrook Bank and One Savings Bank. Digital challenger banks include Atom Bank, Starlin...
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By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
TODAY'S TOP STORIESAmerica’s Founding Was Greatest Anti-Slavery Movement in History Pensacola's Need To Know?Loan Forbearance Advice: Assume Nothing, Check EverythingMost lenders admit to mass confusion when new forbearance options came out; ones that both service and/or own loans could offer borrowers completely different options. Read more  What is Title Insurance, Escrows and closings explained in simple terms? Get REAL ANSWERS  .Latest Home Offerings  Sign up for our Monthly Newsletter what happening here on the gulf and homes for sale.  Want to know the TRUE VAULE of your Home in Today's Market  Thinking of SELLING We Charge a flat fee (Fair Fee) of $2995 to sell your home. We use our 27 step Home Marketing System designed to sell your home faster, for more money while saving you a...
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By Lisa Perry - NMLS # 276329, Northern VA - VHDA, 100% Loans - Jumbo Loans
(FHA, VA, Jumbo, Downpayment Assistance, Conv.)
Many new home buyers make the mistake of rushing out to buy things to fill their home with as soon as the seller accepts their purchase offer and the lender pre-approves their loan. But there are still a few major hurdles to overcome before the keys are handed out.   Here are some things to avoid during the home buying process to assure your transaction goes as smoothly as possible:   1. Don’t make an expensive purchase. It may be tempting to order that new sofa for your soon-to-be living room, but it's best to avoid making major purchases like furniture, cars, appliances, electronic equipment, jewelry, or vacations until after the closing. Financing that furniture with a store credit card or even one of your own credit cards could jeopardize your creditworthiness during the time it me...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are Up this morning on the FDA fast-tracking Pfizer and BoNTech SE with their covid-19 vaccinations; despite the rising cases in the US and rising tesnions with China. MBS had a big reversal on Friday and closed Down 31bps; and this morning, it's Down 11bps. This has let to a few price changes by Lenders to worsen pricing. Yields have climbed their way back up a little bit and currently sit at just over 0.64%.  As I mentioned in the video, these views do not represent anybody else, but my own. I do work as a Loan Officer, so if I may be of assistance with your refinance or purchase, then please feel free to reach out to me at mikebjork@icloud.com. Please subscribe to my Blog and YouTube Channel at Mike...
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Positive news was delivered from the small business sector of the economy after the pandemic induced shutdown severely cut into sales while many employees were laid off. The NFIB Small Business Optimism Index rose 6.2 points to 100.6 after the sharp declines seen in March an April. Owners anticipate improving sales as the economy continues to re-open and continue to be optimistic about future business conditions and indicate they expect the recession to be short-lived.In economic news, consumer prices rose in June as pent-up demand for goods and services resumed after the pandemic induced shutdown. Prices were impacted by higher food and gasoline costs. The June inflation reading Consumer Price Index rose 0.6% versus the 0.5% expected and up from a decline of 0.1% in May and the steep d...
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Mortgage backed securities (MBS) market closed up 6 basis points today at 104.47 having closed 312 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S. history tells us it is time to refinance!! Please call me at 203-981-8282.
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com: The NFIB Small Business Index, which measures the confidence among Small Businesses, rose to 100.6 in June. The Consumer Price Index rose to 0.6% in June, as it did on a YoY basis too. The Core CPI (exclusion of food and energy), rose 0.2% in June and it's YoY rose to 1.2%. Stocks are trading in Mixed Territory, as NASDAQ is lone index in the Red today. Some believe it may be correcting itself after a bit of a build up recently. However, we did kick off Q2 Earnings reports, which were disastrous for Banks yesterday. Part of the reversal in the Markets were announcements of new Lockdowns in parts of the country, especially CA, due to the recent spikes in infections. Tensions continue to grow between US and China, as China sanctions Lockheed Martin, afte...
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By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
TODAY'S TOP STORIESAmerica’s Founding Was Greatest Anti-Slavery Movement in History Pensacola's Need To Know?Mortgage Rates Hit Record Low – Third Time this YearAt 3.15%, the median 30-year, fixed-rate mortgage set another record. It’s down from last week’s 3.24% and the lowest since Freddie Mac started tracking in 1971. Read more  What is Title Insurance, Escrows and closings explained in simple terms? Get REAL ANSWERS  .Latest Home Offerings  Sign up for our Monthly Newsletter what happening here on the gulf and homes for sale.  Want to know the TRUE VAULE of your Home in Today's Market  Thinking of SELLING We Charge a flat fee (Fair Fee) of $2995 to sell your home. We use our 27 step Home Marketing System designed to sell your home faster, for more money while saving you as much as 5...
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
As the economy continues to reopen and Americans slowly returning to work, the housing sector has picked up some steam. In the forbearance sector, filings continued to decline in the latest numbers Black Knight reports that there were 4.14 million homeowners in active forbearance or 7.8% of all active mortgages, as of July 7. That number is down from 8.6% in the previous week with the biggest decrease seen in GSE loans (Fannie Mae/Freddie Mac). The 4.14 million of active forbearances is the lowest number since April 28.Mortgage credit availability declined in June from May as investors further reduced their willingness to purchase jumbo loans and those with lower credit scores. The MBA reports that its Mortgage Credit Availability Index fell 3.3% to 125. A decrease indicates that lendin...
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By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
TODAY'S TOP STORIESAmerica’s Founding Was Greatest Anti-Slavery Movement in History Pensacola's Need To Know?Property Insurance Has Changed – and Often Costs MoreA homeowner’s property insurance cost is based on a wide range of factors, including location, construction details and even the insurance company’s costs. Overall, however, a number of Fla. homeowners will see their coverage costs go up as some of those details change. Read more What is Title Insurance, Escrows and closings explained in simple terms? Get REAL ANSWERS  .Latest Home Offerings  Sign up for our Monthly Newsletter what happening here on the gulf and homes for sale.  Want to know the TRUE VAULE of your Home in Today's Market  Thinking of SELLING We Charge a flat fee (Fair Fee) of $2995 to sell your home. We use our ...
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Mortgage backed securities (MBS) market closed up 9 basis points today at 104.41 having closed 312 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S. history tells us it is time to refinance!! Please call me at 203-981-8282.
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com: The Producer Price Index, which measures inflation on the Wholesale level, dropped 0.2% MoM; whereas, the Core PPI (excludes food and energy) dropped 0.3% MoM. The Core PPI's YoY dropped from 0.3% to 0.1%. Stocks are trading in Mixed Territory this morning, as NASDAQ seems to be taking a break after it's Tech Stocks been trending higher for awhile now. The Corona virus related news still tops the headlines. Gilead announced some good news with their research. On another topic in the news, is China announced they will impose their own sanctions on US after the US imposed sanctions on some individuals and businesses for their roles in Uighurs' human rights abuses. This is boding well for MBS, as they're Up 11bps now. Mortgage Lenders will be poised to im...
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For offering a unique look to the apartment, the painting on the walls should be repainted. The worst part will be painted to provide a new and exciting look. The maintenance of the work should be proper to get the desired look. Either hiring of professional or self process can be carried through the person. In case, you need more information about the painting, follow this blog.If there are some challenges, then there will be guidance from experts. The selection of the paint should meet the requirements of the house. However, hiring a professional will be advantageous for you to renovate the walls. Some tips will help you to get the painted walls to paint again.Preparation of the areaFor the achievement of a dream look, a fresh coat will be provided at the walls of the house. The decor...
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Mortgage rates continued to hit record lows in the latest survey which is spurring on homebuyer demand. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 3.03% with 0.8 in points and fees. A year ago, the rate was 3.75%. Freddie Mac said that 'the summer is heating up as record-low mortgage rates continue to spur homebuyer demand. However, it remains to be seen whether the demand will continue if COVID cases rise to the point that it hinders economic growth.'Americans filing for first-time unemployment benefits continue to decline from the huge numbers seen post-shutdown though they are still at historically lofty levels. And with the extra $600 in federal unemployment benefits expiring at the end of the month, Congress is considering some type of stimulus package when th...
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By Charita Cadenhead, Serving Jefferson and Shelby Counties (Alabama)
(eXp Realty)
So I’m sitting in bed watching Late Late Show with James Corden and he’s playing this game that resembles Hollywood Squares via Zoom.  There were 15 players, I believe, and not a single one was a celebrity.  They were just regular folks like you and me.  As they each introduced themselves, I see and hear this young lady say, my name is Chastity and I’m from Birmingham, AL.  Say what?  I’m audibly saying “yes, REPRESENT!”I know you know what I do next.  I raced to Facebook to look her up.  I know she’s playing the game, but I want to connect with her to support my homegirl.  I find her and send a friend request and we connected today.  But here’s the best part:  Chastity Webb is a loan officer at Wells Fargo and now I have a new referral partner for my buyer clients.  I look forward to w...
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Mortgage rates continued to hit record lows in the latest survey which is spurring on homebuyer demand. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 3.03% with 0.8 in points and fees. A year ago, the rate was 3.75%. Freddie Mac said that 'the summer is heating up as record-low mortgage rates continue to spur homebuyer demand. However, it remains to be seen whether the demand will continue if COVID cases rise to the point that it hinders economic growth.'Americans filing for first-time unemployment benefits continue to decline from the huge numbers seen post-shutdown though they are still at historically lofty levels. And with the extra $600 in federal unemployment benefits expiring at the end of the month, Congress is considering some type of stimulus package when th...
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Mortgage backed securities (MBS) market closed down 10 basis points today at 104.56 having closed 329 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S. history tells us it is time to refinance!! Please call me at 203-981-8282.
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Mortgage backed securities (MBS) market closed up 9 basis points today at 104.62 having closed 338 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S. history tells us it is time to refinance!! Please call me at 203-981-8282. 
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com: Initial Jobless Claims continues with their downward trend (thankfully!), as this report came in at 1.31 million people applying for first time benefits. Last week's report came in at 1.41 million. It's a light day today, so not much news is affecting the Markets. Stocks are Down this morning, as Investors begin to realize a recovery won't happen fast enough, or a V-shaped recovery. MBS is taking for granted the Stocks recent struggles, as it's Up 14bps this morning, which will lead Lenders to price their Mortgage Rates even better. Yields have fallen further, to just under 0.63%. If you're floating your rate for better rates, then be a bit cautious, as MBS has drifted a bit far from it's 25- and 50 DMA. When it drifts too far, then it has a habit of b...
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