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 Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 2
After leaving the logistics industry, Josh started his career in mortgage lending.  Almost as if it was fate, he started working for his family’s mortgage bank in Florida where he gained real world experience on how to best serve his clients.   Wanting to offer his clients a new futuristic approa...

By Leo Namiot, Outstanding Service & Great Rates
(Canopy Mortgage)
Comments 0
If you are thinking of buying a house in Florida there is good news, 100% Financing is back! Get a Florida No Down Payment Home Loan and become a homeowner! This Florida DAP Progran requires a Minimum 620 Score, must be a residential property that is owner occupied among other guidelines, you do ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“Quotes that Capture the Special Bond between a Human and their Friends”    "I'm suspicious of people who don't like dogs, but I trust a dog when it doesn't like a person." - Bill Murray"It's just the most amazing thing to love a dog, isn't it? It makes our relationships with people seem as borin...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
The National Association of REALTORS® reports that existing home sales in June fell 1.7% from May to an annual rate of 5.27M units versus the 5.30M expected. The decline is due in part to the continued shortage of homes for sale on the market. Sales fell 2.2% from June 2018. Modest gains were see...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
The US Census Bureau reports that new home sales in June jumped 7% from May to an annual rate of 646,000 units. Sales for new single-family homes in three past three months were revised lower. On an annual basis, sales rose 4.5%. Across the nation, New Home Sales surged in the West, were flat in ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 12basis points today at 102.44 having closed 233 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, ...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: We have both Manufacturing and Services Sectors being represented by Markit PMI flash Indexes being reported today. It's Manufacturing dropped from 50.6 in June to 50.0 in July; whereas, it's Services increased from 51.5 to 52.2. New Home Sales increased from 60...

By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 0
32514 Pensacola Florida News: Long-term mortgage rates stable for third week At 3.84% this week, the key 30-year, fixed-rate loan has hovered around 3.8% lately after six straight weeks of declines. Read more Call or Text Charles Stallions Now 850-476-4494 for any of you real estate related quest...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 6 basis points today at 102.28 having closed 219 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: No economic data from the calendar to report today. We will see a lot of Housing Data later this week, however. Stocks started the morning in Positive Territory; however, the DOW has since turned Negative, so Stocks are Mixed. There are further Corporate Earning...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 0
  The USDA just released their new income limits for 2019. This is the Maximum income limit allowed to be eligible to use USDA Financing.For a large portion of NJ the "small family" (up to 4 people) limit is $108,550 and the Large family (5-8 persons) is now $143,300.(This is the household income...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: The FHFA Home Price Index rose 0.1% in May, and is Up 5.0% YoY. The FHFA HPI is an index that measures home prices for home with Conforming loans. May's numbers doesn't seem like a lot, but it was off a very good April that saw it rise 0.4%. Existing Home Sales ...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 0
 Here is whats on this week's Economic calendar. Whle it looks like a busy week, I do not anticipate any of these reports to have a significant impact on the market. Robert Rauf Mortgage Loan Originator NMLS# 248937http://www.homebridge.com/RobertRauf or my blog: http://activerain.com/blogs/rrauf...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 3 basis points today at 102.34 having closed 227 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
“Thank You for the Referral Jeff”  Hi Joe,I hope all is well.  We have an employee in the building who is looking to refinance her home and Jeff XXXXXX recommended we connect you with her to see if you can assist.  Let me know what your best contact information would be and we can connect you guy...

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% 3.04% Fixed 2 Year 3.74% 2.89% Fixed 3 Year 3.89% 2.79% Fixed 4 Year 3.94% 2.94% Fixed 5 Year 5.19% 2.74% Fixed 7 Year 5.80% 2.99% Fixed 10 Year 6.10% 3.04% Variable 2.90% Prime 3.95% Benchmark 5.19%

By Rob Spinosa, Vice President of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Comments 4
Closing Costs on a Mortgage When a homebuyer, or homeowner looking to refinance, obtains a mortgage, there are always associated costs.  Even in the so-called "no cost" loan structures, trust me, you're paying something.  When a consumer does the research on what it will cost to get a loan, there...

By Rob Spinosa, Vice President of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Comments 11
Should I Get a HELOC? Thankfully, many of our clients are happy with their mortgages.  The interest rate, the terms, the peace of mind --- all are satisfactory and there's no motivation to change or refinance.  But what happens if there's a need to use the equity in the home to finance a remodeli...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
   “Bait and Switch is Alive”    Hello Joe, I'm thinking of making an offer on the three family that I looked at. As I shared with you previously I have been speaking with another lender. They were able to offer me a conventional loan at minimum 3% down. They quoted me an interest rate of 4% and ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
US stocks are modestly higher this morning being buoyed by strong earnings from Microsoft. This morning, Larry Fink from BlackRock, chairman and CEO of the world's largest money-management firm, said that US stocks should push higher from the current record levels. "People are underinvested in eq...