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 Seesan Ed, Real Estate Agent | Mobile Notary in DE
(206 715 1642)
Comments 3
For sure, reverse mortgage has been a life-saver for senior citizens who are 60-62 years and older. One may have a very strong portfolio of real estate assets, but still can be struggling with cash in hand for meeting monthly expenses. If you have equity built up in your home asset, that can be a...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
Mortgage rates remained near record lows in the latest week during the uncertain times caused by the coronavirus pandemic. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage was at 3.41% with 0.33 in points for the week ended May 15, 2020. The MBA's Market Composi...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Initial Jobless Claims continued it downward trend in people applying for unemployment benefits, as it dropped from 2.69 million in last week's report to 2.44 million in this week's report. The Philly Fed improved from -56.6 April to -43.1 in May. This index rep...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Nearly 39 million Americans have lost their jobs in the past nine weeks due to the economic shutdown. However, with many states reopening, Memorial Weekend upon us and the American spirit ready to go - the market response to the weak data is muted. Weekly Initial Jobless Claims came in at 2.438 m...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) market closed down 6 basis points today at 103.47 having closed 288 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...

By Seesan Ed, Real Estate Agent | Mobile Notary in DE
(206 715 1642)
Comments 2
Closing cost for any reverse mortgage varies- that is the popular answer. Yes, closing costs for reverse mortgage loans vary by lenders and the programs they offer. As far as I know, there are no reverse mortgage loans available that did not have costs associated with them.  Like any other real e...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 1
Conventional 30 year Mortgage: 3.0%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.37%FHA 30 year: 2.75% Credit Score:740LTV:96.5%loan amount:$300kAPR: 3.92%Conventional 15 year: 2.5%Credit score:740LTV:75%Loan Amount:$300kAPR: 2.615%Rates are Subject to ChangeCall me today if you are thinking of ...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 6
The COVID-19 Virus has created many issue for the Mortgage Industry.  One of the most challenging has been with borrowers out of work and unable make their mortgage payments.  As a result guidelines have been created to allow homeowners to receive a forbearance for their mortgage payments.  But t...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 346
On this day, February 11th in 1812, Eldridge Gerry, then governor of Massachussetts, signed into law a redistricting plan designed to keep his political party in power for the upcoming election. When the law passed, reportedly the editor of the Boston Gazette, compared the shape of Gerry’s distri...

By George Thoma, Branch Manager / Broker
(Island Lending Hawaii, LLC | Equal Housing Lender )
Comments 0
 If you are not solid on the ins and outs of down payment, don't worry, you are truly not alone, There is so much misinformation floating around about down payments. Have you noticed on many payment calculators on like Zillow or Real-Estate Websites, the calculator is set at a 20% Down Payment, w...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) market closed flat today at 103.53 having closed 296 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New England, the Mid...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The FOMC Minutes will be released around 11am PST today, but we don't anticipate any news from these notes. Stocks are Up this morning on good earnings reports from retailers (like Target and Lowes). MBS is currently Up 11bps, and yesterday, it closed Up 27bps, ...

By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 0
TODAY'S TOP STORIESA Guide to Surviving Financially as the Bills Come DueThe coronavirus has dealt a financial blow to millions of Americans and now April’s bills are coming due – but reach out to lenders and others for help. Read more Pensacola's Need To Know?Requests to Delay Mortgage Payments ...

By Kenny Salame, NMLS ID 313873
(All Western Mortgage Broker # 14210)
Comments 2
  www.lasvegasmtg.com Report: HARP 2.0 for Las Vegas, NV.  Home Affordable Refinance Program or as it is known today as HARP was first introduced in 2009 and was supposed to help responsible homeowners that were current on their mortgage to refinance their underwater homes that were owned by Fan...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: As expected, Housing Starts dropped in April, as it was reported at 891k annualized units (just under forecasts). Building Permits (future Housing Starts) also, dropped in April to 1.074 million (better than forecasts) annualized units. Stocks are a bit Mixed, a...

By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 1
TODAY'S TOP STORIESA Guide to Surviving Financially as the Bills Come DueThe coronavirus has dealt a financial blow to millions of Americans and now April’s bills are coming due – but reach out to lenders and others for help. Read more Pensacola's Need To Know?Mortgage Deferment vs. Forbearance: ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
ortgage backed securities (MBS) market closed up 28 basis points  today at 103.53 having closed 298 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New En...

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 3.59% 3.19% Fixed 2 Year 3.74% 2.84% Fixed 3 Year 3.89% 2.29% Fixed 4 Year 3.94% 2.69% Fixed 5 Year 5.19% 2.49% Fixed 7 Year 5.80% 3.24% Fixed 10 Year 6.10% 3.24% Variable Rate 2.20% Prime Rate 2.45% Benchmark Rate 5.04% Cost per ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
The pandemic outbreak sent shock waves throughout the U.S. economy in March and April with the housing sector not immune from the carnage. The Commerce Department reports that April Housing Starts plunged 30.2% from March to an annual rate of 891,000 units. It was the lowest level of starts since...

By Ken Blaudow
(Indy Mortgage)
Comments 28
Their has not been a time in history where the FHA 203k Streamline Rehab Loan has been as important is it is today in financing homes in America. Here are the most Frequently asked Questions and Answers on the FHA 203k Streamline Rehab Loan. br />You can find more info at www.indymortgage.com