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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 8
“She Knows a Lot About Nails?”  A blonde, city girl named Amy marries a Colorado rancher. One morning, on his way out to check on the cows, the rancher says to Amy, "The insemination man is coming over to impregnate one of our cows, so I drove a nail into the 2x4 just above where the cow's stall ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
New residential home building increased in April as the low mortgage rate environment is helping to fuel a rebound in the housing market. The Census Bureau reports that housing starts rose 5.7% in April from March to an annual rate of 1.235 million units, above the 1.2 million expected, while Mar...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Home builder confidence jumped in May from April fueled by improved demand and ongoing low overall supply, reports the National Association of Home Builders (NAHB). The NAHB's Housing Market Index rose to 66 in May, above the 63 posted in April and to the best level since October 2018. However, t...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) down 6 basis points today at 102.81 having closed 125 points above support offered by the 200 day moving average. The conforming rate is at 4375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England, the Mid ...

By Mike Bjork
(CMG Financial)
Comments 2
http://MikesDailyMarketReport.com: Initial Jobless Claims improved last week, as only 212k applied for benefits (vs. 228k the previous week). Housing Starts improved in April, as they rose from 1.168 million annualized units in March to 1.235 million in April. Also, Building Permits, which are fu...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) flat  today at 102.88 having closed 132 points above support offered by the 200 day moving average. The conforming rate is at 4375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England, the Mid Atlantic or th...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 1
Conventional 30 year Mortgage: 3.99%Credit score:740LTV:75%Loan Amount:$300kAPR: 4.13%FHA 30 year: 4.125% Credit Score:740LTV:96.5%loan amount:$300kAPR: 5.025%Conventional 15 year: 3.5%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.745% Rates are Subject to ChangeCall me today if you are thinking...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
I stopped by to see the new offices for the Bingham Farms, Michigan branch office for Texana Bank Mortgage and I couldn’t help but take a few pictures. They’re hiring residential loan originators so give them a call, at (248) 600-5100 to talk about your future in NATIONWIDE lending!I'm also hirin...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: After a big month in March, Retail Sales declined by 0.2% in April; when you exclude Autos, then it declined by 0.1%. The Empire State Index reported an improvement in Manufacturing in the NY region, as it went from 10.1 in April to 17.8 in May. Industrial Produ...

By Brian Skaar, VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
(VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender)
Comments 0
Limits on number of properties financed - Updated 1-23-2014There have been many changes in lending the past few years and this post will deal with the maximum number of properties financed.   Here is a quick guide to our rules on this:Fannie Mae (FNMA) and Freddie Mac (FHLMC) have a limitation of...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) up 3 basis points today at 102.78 having closed 124 points above support offered by the 200 day moving average. The conforming rate is at 4375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England, the Mid At...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
“Folks are Moving More Often for Better Income”        Hi Joe, Thank you for staying in contact with us, we need your services again. We are in the process of selling our current home and relocating again, third time in 4 years. Hopefully this time it will be for a longer time period. I know you ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Credit availability for mortgages rose in April with a big rise seen in the jumbo arena, reports the Mortgage Bankers Association (MBA). The MBAs Mortgage Credit Availability Index rose 2.1% in April to 186.0. A decline in the index indicates that lending standards are tightening while increases ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
The NFIB reports that its April Small Business Optimism Index remains at a historically very strong level, consistent with solid growth, keeping the economy at full employment and says there is recession in sight this year. NFIB President and CEO Juanita D. Duggan said, "The continued economic bo...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: NFIB Small Business Index rose from 101.8 to 103.5 in April, as Small Businesses gain a little more confidence in the economy and overall Market. Stocks are rebounding a bit today, as yesterday was a sheer sell-off. There appears to be a softening in the tone be...

By Mike Bjork
(CMG Financial)
Comments 3
http://MikesDailyMarketReport.com: No economic data to report today. The driving force behind the Markets is a continuation from last week's tension in Trade talks between US and China, which have become more heightened. After US raised Tariffs on $200 Billion of Chinese goods from 10% to 25%, th...

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% 3.19% Fixed 3 Year 3.89% 2.96% Fixed 4 Year 3.94% 3.19% Fixed 5 Year 5.34% 3.09% Fixed 7 Year 5.80% 3.49% Fixed 10 Year 6.10% 3.44% Variable Rate 2.95% Prime Rate 3.95% Benchmark Rate 5.34% Cost per ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) up 9 basis points today at 102.75 having closed 121 points above support offered by the 200 day moving average. The conforming rate is at 4375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England, the Mid At...

By Sussie Sutton, UTR TEXAS Realtors - Rep for buyers and sellers.
(UTR Texas Realtors)
Comments 6
It's kick back Friday and time to relax and check out that R&R. Did you know it is a great time to meet new prospects? Time to get to know new people and their friends while having a fun time. Happy prospecting and meeting those new contacts! If you know someone who is thinking about buying or se...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Consumer inflation rose in April boosted by rising gas prices along with increasing rents and healthcare costs, though underlying inflation remained tame. The Core PCE, the Fed's favorite inflation gauge, rose 1.6% in the latest report, below the Fed's target range of 2.0%. The Labor Department r...