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 0
Mortgage backed securities (MBS) market closed down 25 basis points today at 103.50 having closed 309 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 ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are trading in Mixed Territory this morning. NASDAQ is the only index in positive territory. There are some reports out that there may be some increased levels of coronavirus around the different parts of the wo...

By Bob Jablonsky, Helping you resolve your IRS Problems!
(Bob Jablonsky & Associates)
Comments 0
As we in previous blogs, a priority of helping taxpayers who come into our Richardson TX, tax office with business Payroll Tax Debt, is avoiding or minimizing the impact of the Trust Fund Recovery (TFRP). When the IRS makes a TFRP assessment against an individual, that individual becomes personal...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
This morning, the Bureau of Labor Statistics reported the worst Non-Farm Payrolls report in U.S. history for April. Non-Farm Payrolls showed 20.5 million Americans lost their jobs last month while the Unemployment Rate soared to 14.7% with losses seen across all sectors of the labor market. The U...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) market closed down 12 basis points today at 103.75 having closed 337 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 ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 9
“Shelter in Place”  During this "shelter in place" I went to Walmart to buy a bag of food for my dog.Already in line, a woman behind me asked me if I had a dog. I thought to myself, "Really?" If you know me you know my sarcasm. So on impulse I told her no, that I didn't have a dog, that I was sta...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 0.79% CANHOU 06/15/25 [-0.04]   ‌ 10 Year - 1.10% CANHOU 06/15/30 [-0.02]   * denotes interpolated rate GoC 5 Year - 0.38% CAN 1.25 03/01/25 [-0.04]   ‌ 10 Year - 0.52% CAN 2.25 06/01/29 [-0.02]   GOC Bonds are for reference purposes only

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
The unemployment line continues to grow. Over 33 million people are now unemployed across the nation in the past seven weeks due to the pandemic induced shutdown of the U.S. economy. For the week ended May 2, 3.17 million Americans filed for first-time unemployment benefits, worse than expectatio...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 1
“I do Mortgages in CT, MA, RI, ME, NH, VT, NY and FL”     Joe, It has been a number of years since we have spoken. The last time was a pretty tough period, foreclosure and a bankruptcy. All that is in the past, we moved to Florida and it is time for us to buy a home again. The credit has been rep...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The BLS released their Jobs data today, so we'll start with the Non-Farm Payrolls, which lost 20.5 million jobs in April while the Unemployment Rate soared to 14.7%. This is the 2nd Highest Unemployment Rate now on record. Also, it was just a matter of 2 months ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) market closed up 9 basis points today at 103.88 having closed 352 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 Eng...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 1
On this day in 1899, the rubber heel was patented by Humphrey O'Sullivan.  As the story goes, Humphrey was working at a printing shop that has a stone floor so he brought in a rubber mat to stand on while working.  The problem was, his fellow employees continually "borrowed" his mat.  Humphrey de...
As I write this post, Redfin is entering the mortgage-banking business.  Their goal is to completely digitize the home buying process by offering an end-to-end service that starts with searching for homes and ends with lending.  So what does this mean, if anything, for your business and the indus...

By Peter den Boer, MBA,GRI, Associate Broker, Realtor
(Atlanta Communities)
Comments 2
When a Buyer looks for a mortgage specialist to help finance their new home purchase, they really seem to look to their home bank or shop for advertised rates. This could be a huge mistake. As a Real Estate professional I have had the pleasure to work with many great loan officers, and a few not ...

By Dave Benneton, Fast Cash Offers
(Digital Bullet)
Comments 1
Now that we are seeing an upswing in the VA loan housing market, stats are showing more than ever that active military service personnel and veterans are using their VA Home Loan benefits more than ever before.If you’re an active military member or veteran in the market for a VA home loan, there ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Initial Jobless Claims are still reporting high volumes of claims, but it has been trending lower each week, as it report 3.85 million for last week's report to 3.17 million today. Productivity dropped 2.5% for Q1, however, it exceeded it's forecasts of -5.5%. U...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 0
Conventional 30 year Mortgage: 3.125%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.135%FHA 30 year: 3.00% Credit Score:740LTV:96.5%loan amount:$300kAPR: 4.00%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 ...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 2
  I spent an hour in a conference last week with the Chief Economist at the Mortgage Bankers association and he provided us so much information the call could have actually been Much Longer (and welcomed believe it or not)  one of the charts he shared is this one with a bit of a rate history and ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
“It’s Vital to Pay Your Rent on Time”      I must say I am truly disappointed we have not been approved for the mortgage. I truly don’t understand why the lender is requiring 12 months of consistent rental payment. Even though we were late twice, we doubled up the following month. I have already ...

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% 2.99% Fixed 3 Year 3.89% 2.39% Fixed 4 Year 3.94% 2.84% Fixed 5 Year 5.19% 2.25% 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 ...