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
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: ADP Employment number really missed it's mark in May. It went from 271k new private jobs in April to only creating 27k in May. This didn't weigh on the Market too much, as the ADP's number doesn't always translate to the same as the BLS'. Most think the BLS' num...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
TERM POSTED Preferred RATES* 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% 2.92% Fixed 4 Year 3.94% 3.14% Fixed 5 Year 5.34% 2.97% Fixed 7 Year 5.80% 3.49% Fixed 10 Year 6.10% 3.34% Variable Rate 2.90% Prime Rate 3.95% Benchmark Rate 5.34% Cost per ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
HIGH RATIO fixed term best discounted rates & posted rates as of June 4, 2019 Terms                           Posted Rates                 Our Rates 6 mos                          3.34%                          3.30%1 year                          3.59%                          3.19%2 year       ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) down 12 basis points today at 103.22 having closed 156 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 Leo Namiot, Great Low Mortgage Rates...Check Them NOW
(Canopy Mortgage)
Comments 0
Are you looking for The Best Mortgage Rate and Costs?Get Real Mortgage Rates 24/7 – See all costs and lenders fees.We make is easy with our transparent mortgage rates and fees!  No guessing what the lender fees are or what closing costs will be.Use our online mortgage rates finder to view all of ...

By Mike Bjork
(CMG Financial)
Comments 2
http://MikesDailyMarketReport.com: Factory Orders dropped 0.8% in April. Starting tomorrow, we'll look at the Job Numbers for May, which begin with the ADP numbers, then Weekly Jobless Claims on Thursday and BLS' Unemployment Rate and Jobs data. Stocks are rebounding after yesterday's Negative Cl...

By Leo Namiot, Great Low Mortgage Rates...Check Them NOW
(Canopy Mortgage)
Comments 0
Mortgage rates have fallen once again dipping below 4% with FHA rates in the low 3's as of today's market condition.Now is a great time to refinance to a lower rate or cash out some equity.If you are in the market to buy a home you can take advantage of these historic low rate now before mortgage...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Overall Manufacturing dipped in May. The Markit Manufacturing PMI dropped from 50.6 to 50.5; whereas, ISM Manufacturing Index dropped from 52.8% to 52.1%. These are the lowest levels we've seen in approximately the past 20 months. Construction Spending was revis...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Ongoing trade tensions continue to drive the trading action in the financial markets. The Dow and S&P are higher, while the NASDAQ is lower as regulatory fears lower hit Alphabet (Google) and Amazon. Treasury prices are higher but well off their best levels while mortgage bonds are near unchanged...

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% 2.92% Fixed 4 Year 3.94% 3.14% Fixed 5 Year 5.34% 2.97% Fixed 7 Year 5.80% 3.49% Fixed 10 Year 6.10% 3.34% Variable 2.90% Prime 3.95% Benchmark 5.34% Rates may vary provi...

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 171 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 6
“A Few more Properties and My Wife Gives up the Job She Hates”    Hi Joe, Found another investment property that we want to buy. It is still hard for me to get that I can just keep buying rental properties as long as I have the 20% down. OK, OK, you made a believer out of me. Before I met you I s...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 10
“I’m Here to Feed the Alligator”       I find myself this morning in Florida between Jacksonville and Orlando, and there is a tale of an elderly man a ways inland who owned a large farm for several years. He had a large pond in the back. It was properly shaped for swimming, so he fixed it up nice...

By Anthony Acosta - ALLATLANTACONDOS.COM, Associate Broker
(Harry Norman, REALTORS® )
Comments 3
Thank you Rob Spinosa for this information. When Is a Good Time to Refinance?   There's that great, old maxim that goes, "There are two kinds of jobs in the world; the kind you shower before and the kind you shower after."  And in that spirit, I would offer that there are two kinds of refinances ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
HIGH RATIO fixed term best discounted rates & posted rates as of May 31, 2019 Terms                         Posted Rates               Preferred Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          3.19%2 year      ...

By Mike Bjork
(CMG Financial)
Comments 2
http://MikesDailyMarketReport.com: A lot of Economic data to go over this morning from the Calendar. We'll start off with Personal Income, which rose 0.5% in April; whereas Consumer Spending rose only 0.3% in April. Personal Consumption Expenditure (PCE) rose 0.3% in April, which it's YoY rose fr...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Initial Jobless Claims rose from 212k (this was revised slightly higher from 211k) to 215k (same as forecast). Still very low amount of people filing for Unemployment. Q1 GDP was revised slightly downward, from 3.2% to 3.1%. Many economists were forecasting it t...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 1
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: 3.5%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.745% 

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) 3 basis points today at 102.91 having closed 130 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 Mid A...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“Next Time I will Listen to Family First!”   Mr. Petrowsky, I received your name from my sister and brother-in-law. A couple of months ago I began the process of getting pre-qualified for a mortgage. I visited two banks, which turned out to be a total waste of time. I really don’t even want to ge...