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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.

Recent blogs on Mortgage / Finance
By Linda Peltz, It's The Sold That Counts
(eXp Realty)
In 2024, interest rates have become a central concern for homebuyers. Over the past few years, rates have been on a steady incline, departing from the historically low figures seen in 2022 and 2023. Many prospective buyers who hoped for a return to those lower rates have found themselves priced out of their desired homes as both rates and property values continue to climb. The current rates, hovering around 7%, though lower than the peak rates seen last month, still represent a significant increase from the past. For those looking to purchase a home, understanding these shifts is crucial. Recently Linda Peltz realtor Clovis CA hosted a insightful discussion with Michelle Johnson from Hero Loan Team. They covering all topics about the rising interest rates and market trends in 2024, tune...
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By Malendaz Coleman, FLAT FEE MLS LISTING SERVICES - LIST LOW AS $69.00
(FLAT MLS LISTING SERVICES )
The Dow Hit 40,000: What Does This Milestone Mean?The Dow Jones Industrial Average, often seen as a barometer of the stock market's health, has recently crossed a significant threshold: 40,000 points. For investors and observers alike, this milestone raises both excitement and caution. But what does it truly signify, and what are the potential implications? Let's delve into the pros and cons of this remarkable event. Disclaimer: Before diving into any investment venture, it's crucial to consult with a qualified financial advisor. The insights provided here are based on research and general knowledge, and should not be considered as financial advice.The Pros:Economic Confidence:One of the primary reasons behind the Dow hitting 40,000 is increased economic confidence. A rising Dow reflect...
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By Matt Brady, One of San Diego's Best Equity Advisors
(Watermark Capital)
We had a few members speak last week and are set for a lot more to speak this week. Markets will be weighing their viewpoints on the health of the economy, their thoughts on rate hikes/cuts, and the timing of those cuts. More importantly, we get inflation data this week. I discussed last week how the Fed is taking the focus away from inflation and onto jobs, but that is so they can have a reason to cut rates when they deem appropriate. Inflation, however, is still very important as it can accelerate any Fed move with regard to rate cuts. The next Fed meeting is June 12th. This feels too soon for a rate cut. If we get one soon, it should take place in July to give the Fed time for two more cuts before voting takes place. Click HERE to view the upcoming Fed meetings calendar. Here is how ...
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By Matt Brady, One of San Diego's Best Equity Advisors
(Watermark Capital)
As expected, the Fed kept rates unchanged last week at their meeting. It was during Fed Chairman Powell's speech and questioning that I saw a shift in Fed Focus. During the last two years, while the Fed was raising rates at a record pace, they mentioned they were doing so due to the following two components: high inflation and a strong labor market. Powell had said he wanted to see a weaker labor market result from the higher rate environment. When the labor market proved its resiliency, the Fed then dropped that component of things and focused entirely on inflation. We needed to get the inflation numbers down. That has been the story of all 2023 and the first few months of 2024. Inflation, however, has come in higher than expected recently and is not fitting the rate-cut narrative. So ...
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By Matt Brady, One of San Diego's Best Equity Advisors
(Watermark Capital)
Last week's inflation data came in 0.1% higher than expectations. Rates were volatile on the news but then came back in line. They rallied due to an inflation revision that occurred for earlier in the year, which made it seem that the recent increase in inflation was not all that bad. The Fed meets this week and on Wednesday we will hear not only of their rate decision (which will most likely be another pause) but also their thoughts on inflation and where they believe the economy is going. With a recent hit on GDP numbers, the markets will be weighing every word from Powell delicately to grasp any indication on when the next rate cut may be. Powell has mentioned previously that the Fed will continue cautiously as they wait for inflation to head towards their 2% goal.We also get job dat...
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By Fred Sweezer Sr. CMI, LLC., HUD 203k Consultant
(Hud Certified 203K Consultant)
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Average 30-Year Mortgage Rate Rises to 6.94% That’s up from 6.90% last week, marking the 4th straight weekly increase. Rates have been creeping higher as reports show stronger-than-expected inflation. Pensacola – The average long-term U.S. mortgage rate rose for the fourth consecutive week, another setback for prospective homebuyers just as the spring homebuying season gets going. Mortgage buyer Freddie Mac said Thursday that the average rate on a 30-year mortgage rose to 6.94% from 6.90% last week. A year ago, the rate averaged 6.65%. The average rate is now just below its highest level since mid-December when it was 6.95%. When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, limiting how much they can afford in a market already out of reach for ma...
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By Karen Schimpf, When Your Bank Says No, I CAN Get Your Deal CLOSED
(Commercial Capital Ltd.)
📰 What's Closing Now: Stay updated on the latest developments in commercial lending with our newsletter. From notable deals to industry trends, we bring you insightful analysis and highlights of what's happening in the world of commercial loans. Dive deeper into this edition to discover the latest closures and insights shaping the market.🔗 Read the full article: https://applycommercialloans.com/whats-closing-now-3/
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By Matt Brady, One of San Diego's Best Equity Advisors
(Watermark Capital)
Last week we heard from Fed members including Chairman Powell. This is the first time he spoke with some hesitancy concerning inflation. Essentially he said that it isn't coming down as smoothly as he had hoped. Every Fed move, without a catastrophic event, will be based on how inflation is doing. If it remains where it is, the Fed will continue pausing. If it drops, they will cut. If it jumps up, hikes will not be off the table. It is difficult to argue the long-term view of having an increased rate environment though. Companies and businesses suffer, citizens suffer, and the interest payments on the debt the Treasury pays will stay too high to afford. In the short term, anything is possible. I still plan on seeing some form of market manipulation as we get closer to the elections. Lon...
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By Bill Salvatore - East Valley, Realtor - 602-999-0952 / em: golfArizona@cox.net
(Arizona Elite Properties )
National Association of Realtors (NAR) may establish rules for their members to adhere to professional standards. New lending laws from legislative bodies regulate mortgage lending and borrowing practices. For specific details, consult the Realtor association's guidelines and review the latest lending laws. New lending laws are regulations that govern how financial institutions can issue loans to consumers. They are designed to protect borrowers from unfair practices and ensure transparency in lending transactions. It's important to stay informed about these laws to make sound financial decisions when borrowing money. Recently, Linda Peltz realtor Fresno CA had the pleasure of sitting down with Michelle Johnson from Hero Loan Team to delve into the implications of these changes set for...
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By Linda Peltz, It's The Sold That Counts
(eXp Realty)
National Association of Realtors (NAR) may establish rules for their members to adhere to professional standards. New lending laws from legislative bodies regulate mortgage lending and borrowing practices. For specific details, consult the Realtor association's guidelines and review the latest lending laws.New lending laws are regulations that govern how financial institutions can issue loans to consumers. They are designed to protect borrowers from unfair practices and ensure transparency in lending transactions. It's important to stay informed about these laws to make sound financial decisions when borrowing money.Recently, Linda Peltz realtor Fresno CA had the pleasure of sitting down with Michelle Johnson from Hero Loan Team to delve into the implications of these changes set forth ...
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By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 4.05% CANHOU 06/15/29 [+0.03%]     10 Year - 4.19% CANHOU 03/15/34 [+0.01%]     Floating Rate insured cost of funds 5.35% [-]     Prime Rate 7.20% [-]     GoC 2 Year - 4.35% CAN 02/01/26 [+0.04%]     3 Year - 4.00% CAN 03/01/27 [+0.04%]     5 Year - 3.76% CAN 03/01/29 [+0.03%]     10 Year - 3.72% CAN 06/01/34 [+0.01%]    
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By Leo Namiot - LeoLends.com, More than just great rates
(Canopy Mortgage - Leo Namiot)
VA LOANS DOWN TO 500 FICO SCORE!FHA LOANS Up to 100% Financing Down To 580 FICO ScoreFlorida Homebuyers, checkout these Two Great Mortgage Programs offered by Leo Namiot - Florida Mortgage Lender.Florida VA LOANS down to 500 FICO Score for home purchases and IRRRL refinancingFlorida FHA Loans with 100% Financing with a Forgiven Grant when buying a homeReach out for more information;LeoNamiotMortgage LenderNMLS#89769Call/Text 904-712-1500Equal Housing LenderAll loans are subject to credit approval, property approval, final underwriting review and approval. This is not a commitment to lend. #FloridaDownPaymentGrant #Floridahomebuyerloans #FloridaVALoans
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By Leo Namiot - LeoLends.com, More than just great rates
(Canopy Mortgage - Leo Namiot)
Homebuyers.......Non Repayable Grant Program!Homebuyers can take advantage of grant for down payment that is Forgiven At Closing, this gives the homebuyers Instant Equity at Closing.96.5% Mortgage + 3.5% FREE Grant Money = 100% Financing! You do NOT need to be a first-time home buyer NO 2nd Mortgage or Silent 2nd Mortgage - NONE Up to 6% Sellers Concession Towards Allowable Closing Costs FHA  First Mortgage for 96.5% Forgivable Grant of 3.5% (forgiven at closing) FICO Score Down to 580 No waiting for a second Agency  for approval like a state program 1-2 Family Homes, FHA Approved Condos,  MFG Homes (per guidelines) No Waiting For Approval From State Primary Homes Only No Investment Properties  FHA Streamline Refinance Allowed after 6 Monthly payments are made per FHA Guidelines Watch t...
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By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
CMB 5 Year - 3.97% CANHOU 06/15/29 [-0.03%]     10 Year - 4.11% CANHOU 03/15/34 [-0.02%]     Floating Rate insured cost of funds 5.35% [-]     Prime Rate 7.20% [-]     GoC 2 Year - 4.29% CAN 02/01/26 [-0.02%]     3 Year - 3.92% CAN 03/01/27 [-0.02%]     5 Year - 3.69% CAN 03/01/29 [-0.03%]     10 Year - 3.65% CAN 06/01/34 [-0.02%]  
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By Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets, CEO of Vision Drive Realty - Coastal San Diego
(Big Block Realty 858.232.8722)
 Are Lenders Getting A Borrower / Broker Agreement? Would it Maximize Efficiency and Loyalty? Would the Possible Impact of a Borrower / Broker Agreement in the Mortgage Industry Improve Their Industry and Borrower Experience Equally?In the fast-paced world of mortgage lending, efficiency and loyalty are paramount for success. Mortgage brokers and lenders are constantly seeking ways to streamline operations, enhance client relationships, and minimize risks. Given all the news about the NAR lawsuit, and buyer/broker agreements becoming mandatory (which agents should love since it protects their time & income), I pondered "what if?" What if lenders had a powerful tool to address these loyalty needs? What if there was the lender version of the buyer/broker agreement? Let's explore how this ...
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By Matt Brady, One of San Diego's Best Equity Advisors
(Watermark Capital)
Rates have ticked higher in the past week and have been in a recent uptrend. The jobs report that came in Friday showed more jobs added than expected. Although the unemployment rate was as expected at 3.8%, the strong jobs report was another signal that Fed intervention isn't needed just yet.On top of that, Fed member Kashkari spooked markets by saying rate cuts may not be warranted this year if inflation does not come down. This was not what the markets wanted to hear on a Friday heading into the weekend. Kashkari is the number one hawk (one who advocates for tighter monetary policy). I shared this chart last week as we knew a lot of members would be speaking. This week we get the very important CPI and PPI inflation reports. These need to come in below expectations for us to see some ...
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By Dionne Bass, Blog: Ask The Underwriter
(Ask The Underwriter)
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By Dee Toohey, Broker, ABR, AHWD, CIPS, FMS, ePro
(Innovative Realty Solutions Group)
There will always be a current market. Successful agents will learn to navigate higher interest rates with their customers. Keep educating yourself and your buyers about the benefits of owning real estate. Those who are paying rent are paying someone’s mortgage, just not their own. Work with good lenders to halo the navigate the current lending market.  Here in Washington, DC, the real estate market is a little goofy, leaving buyers sitting on the fence wondering what to do. There are far fewer people putting their homes on the market. But homes that are for sale seem to be taking longer to sell, and while there are some bidding wars, they are fewer and far less bloody than they have been over the past couple of years. And a lot of us are blaming it on the recent interest rate increases...
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By June Piper-Brandon, Creating Generational Wealth Through Homeownership
(Coldwell Banker Realty)
I always tell the story of my house in Waterloo, Ontario that I bought with a 12 1/2% interest rate, then refinanced to 10 1/2%, and thought I was doing well. I sold that house in 1997 when I moved to Maryland. The same exact house on the same block today sold for $725,000 and the interest rates are hovering around 6%. Did waiting to buy help anyone out?  Here in Washington, DC, the real estate market is a little goofy, leaving buyers sitting on the fence wondering what to do. There are far fewer people putting their homes on the market. But homes that are for sale seem to be taking longer to sell, and while there are some bidding wars, they are fewer and far less bloody than they have been over the past couple of years. And a lot of us are blaming it on the recent interest rate increas...
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