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
www.lasvegasmtg.com Report: HARP 2.0 for Las Vegas, NV.
(All Western Mortgage Broker # 14210)
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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...
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...
Mortgage Deferment vs. Forbearance: What’s the Difference?
(Charles Stallions Real Estate Services )
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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: ...
Mortgage Rates - 19 May 2020 (Toronto and GTA)
(RE/MAX West Realty Inc., Brokerage (Toronto))
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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 ...
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...
Read The Forbearance Changes From The FHFA Below!!
(The Federal Savings Bank/Lending in 50 states)
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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...
Today is May 18, 2020 and this is my Monday Mortgage Update.What is mortgage insurance and why do I have to pay it?My name is Susan Jacobs and I am a realtor at Samson Properties in Gainesville VA. Today I would like to talk about “What is mortgage insurance and why do I have to pay it?” Mortgage...
Business Funding, Payroll Protection Program& 23 Single Use Services
(National Real Estate Network, LLC)
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Business Funding, Payroll Protection Program & 23 Single Use Funding Services! 100+ Lenders • 10,000+ Loan VariationsQuick Application Apply Now http://www.NeededFunding.comUnlike a bank, we are not tied down to a single lender. With over 100 lenders and 10,000+ loan variations we have the expe...
“What does Zero Interest Rate Mean to Me?”
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
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“What does Zero Interest Rate Mean to Me?” Hi Joe,I hope you have been well! I cannot believe what has unfolded before my eyes in the period of a week and a half’s time. Richie and I are working diligently to get our house market ready, installing a new heating system, painting, yard work and ...
“Would have thought Differently?”
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
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“Would have thought Differently?” A man was being tailgated by a stressed-out woman on a busy boulevard. Suddenly, the light turned yellow, just in front of him.He did the right thing, stopping at the crosswalk, even though he could have beaten the red light by accelerating through the interse...
Mortgage backed securities (MBS) market closed down 13 basis points today at 103.28 having closed 275 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...
Stocks Shoot Up on Talk of Promising Vaccine!
(The Federal Savings Bank/Lending in 50 states)
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Promising trial tests from drug-maker Moderna for a coronavirus vaccine is lifting U.S. stocks to begin the week. The Dow Jones Industrial Average was up 900 points in early trading on the news. In addition, positive words on the U.S. economy from Fed Chair Powell on Sunday night on 60 minutes is...
http://MikesDailyMarketReport.com: The NAHB Home Builders Index rose from a low of 30 in April to 37 in May. This index indicates the confidence level of Home Builders in the US on the Housing Market. Stocks are way Up this morning on news that Moderna Pharmaceuticals announced positive results f...
Pensacola's Need To Know? Forebearance the truth!
(Charles Stallions Real Estate Services )
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25 years’ experience and a team of 4, if you can dream it we can find it!! What’s Happening around Pensacola, Pace and Gulf Breeze Fl. We have access to any home on the gulf coast, from Pensacola to Pace, to Gulf Breeze and many that will be coming SOON to the market let us save you money whether...
“Investor Loans are Gone for Now”
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
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“Investor Loans are Gone for Now” Hi Joe,What do we do now? As you well know, the lender pulled the plug on the non-QM loan that was scheduled to close. My immediate reaction was that I was pissed off at you, but now know that it was totally out of your control. Sorry, if I was an ass on th...
The working environment at factories or manufacturing facilities poses certain risks. Workers are often exposed to dangerous machinery, harmful particles or chemicals, traffic, falling objects, and heavy tools. Even bad lighting or short circuits can lead to serious accidents. No wonder injurie...
Quick Application Payroll Protection Program & Business Funding
(National Real Estate Network, LLC)
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Payroll Protection Program & Business Funding100+ Lenders • 10,000+ Loan VariationsQuick Application Apply Nowhttp://www.NeededFunding.comUnlike a bank, we are not tied down to a single lender. With over 100 lenders and 10,000+ loan variations we have the expert skills and financing resources t...
Be Aware: Forbearance Means NOT Getting a New Mortgage
(The Federal Savings Bank/Lending in 50 states)
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On Tuesday, to help homeowners who are in COVID-19 related forbearance, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are making available a new payment deferral option. The payment deferral option allows borrowers, who are able to return to making their no...
“Refinancing Can Often Do So Much More!”
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
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“Refinancing Can Often Do So Much More!” Little did we know that refinancing would accomplish so much. Originally I contacted you to get my rate lowered, which was a no brainer, going from 4.75% to 3.5%, however it never occurred to me that it was an opportunity to include our credit cards a...
Consumer Sentiment Surprisingly Increases in April
(The Federal Savings Bank/Lending in 50 states)
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The pandemic induced shutdown put a big dent in retail stores across the nation with no sector left undamaged. April Retail Sales fell a record 16.4%, worse than the -12% expected. Gas stations, as well as restaurants and bars, were also impacted along with clothing stores while grocery stores sa...