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 Rob Spinosa, Vice President of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Comments 2
Lock Watch for the Week of 1/28/2019 Volatility-O-Meter:The shutdown is over and that's great news.  Remarkably the market shrugged it off on Friday though we may bear the brunt of that this week, with both a full slate of important reports, GDP, an FOMC statement and auctions as well. Economical...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: There's nothing to report from the Economic Calendar today, as the Markets are following the Stock Market and Geo-Political news today. Caterpillar missed it's numbers, which started the Stock Market's drop this morning; and all of the uncertainty of the Tempora...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
      “Commercial Mortgages for My Clients”    Joe, hope you had a great holiday season! Thank you for helping my wife Kristine and I with our mortgage this past fall for our house.  I had a question about commercial mortgages. Is that something you handle? What’s the typical down payment require...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 12 basis points today at 101.78 having closed 47 points above support offered by the 200 day moving average.  The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England, ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
This week the U.S. financial markets will get a big dose of economic data along with a central bank meeting. The week features the two-day Fed meeting which kicks off on Tuesday and ends Wednesday with the monetary policy statement release at 2:00 p.m. ET. There is a zero percent chance of a hike...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
On today's date, January 27th, 1880, Thomas Alva Edison received a patent for his incandescent electric lamp (pictured above), but he did not invent the light bulb. After many experiments, Edison improved previous inventors lamps and created "the first commercially practical incandescent light". ...

By George DeVine, Mortgage Banker
(Atlantic Home Loans)
Comments 0
Home Sales Slide With some major economic data unavailable due to the government shutdown, and ahead of several major economic events in the near future, there was little market moving news this week, and mortgage rates ended nearly unchanged.  One economic report which was released this week rev...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 2
Happy Birthday Michigan! On this date in 1837, Michigan became a state. At the time, Stevens T. Mason (above) had already been the territory's acting Territorial Secretary, appointed at the age of 19 by Andrew Jackson, (gaining Mason the nickname "Boy Governor") becoming the acting territorial go...

By Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 3
We have now reached that awkward time of the calendar year...that time of year when Borrowers have received their W2 & 1099's for 2018, but have not yet filed their 2018 Federal Tax Returns.  While this awkward time occurs each year, many Real Estate & Mortgage Professionals remain ill-prepared f...

By Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 1
 When determining whether to refinance multiple loans, a "Blended Average" (aka "Weighted Average") between interest rates is a great place to start.  Oftentimes, Homeowners fall in love with their 1st Mortgage, but turn a blind eye to the interest rate on their 2nd mortgage and/or credit cards w...

By Joe Resendiz, Jr. Research Analyst
(ValuePenguin)
Comments 0
Meeting unexpected costs during retirement can be difficult if you don't have much income coming your way. Oftentimes social security and savings may not be enough to meet an emergency expense, and many retirees don't bring in enough in monthly income to afford a home equity loan. In these cases,...

By Stephen Katz, Branch Manager, CMPS
(Katz Mortgage Team, a branch of VanDyk Mortgage Corporation)
Comments 0
It’s that time of the year. Once you get serious about buying a house, it’s time to start house hunting. But before you dedicate your weekend to visiting every open house, you need to know what you’re looking for. Otherwise, the process of shopping for your dream home could get pretty overwhelmin...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 2
“Only the Best Referrals are Good Enough for a Friend”      Natasha – thank you again for your confidence and trust.   I have discussed your situation with two of the most trusted individuals.  Andy is an “A” attorney and is very knowledgeable in transactions such as this.     In addition, I am p...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 2.30%* CANHOU 06/15/24 [+0.01]   ‌ 10 Year - 2.48% CANHOU 12/15/28 [+0.02]   10 Year - 2.51%* CANHOU 09/15/29 [+0.02] * denotes interpolated rate GoC 5 Year - 1.89% CAN 2.00 09/01/23 [+0.02]   ‌ 10 Year - 1.97% CAN 2.0 06/01/28 [+0.03] GOC Bonds are for refere...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Zillow reports that median home prices rose 7.6% year-over-year in December 2018, to $223,900, just above the 7.4% recorded in December 2017. Rents increased at an annual pace of 1.4%, the largest increase since June 2018. When looking more closely at local conditions in the country's biggest mar...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
In 1915, one year after Texana Bank opened it's doors, Alexander Graham Bell (pictured with his family above) made the first official transcontinental telephone call from New York to his former assistant, Thomas Watson who was in San Francisco, over a line set up by American Telephone & Telegraph...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Due to the Gov't Shutdown, there are no Economic Data to provide that were on the Calendar; so, whenever they re-open, then one can assume there will be a plethora of delaye data to be released. Meanwhile, on the Headline News, Stocks are rising on very good Cor...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 18 basis points today at 101.84 having closed 53 points above support offered by the 200 day moving average.  The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England, ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
 Fannie Mae released its January 2019 Economic and Housing Outlook showing that slower economic growth is expected in 2019, but a patient Fed could put housing on a firmer footing. The report went on to say that with the forecast of a slower pace of housing price gains this year, stable rates sho...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
 Mortgage backed securities (MBS) closed down 6 basis points today at 101.69 having closed 38 points above support offered by the 200 day moving average.  The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England...