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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 Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.61% CANHOU 12/15/29 [+0.01%]     10 Year - 3.82% Est. CANHOU 12/15/34 [-]     Floating Rate insured cost of funds 5.22% [-]     Prime Rate 6.95% [-]     GoC 2 Year - 4.00% CAN 02/01/26 [+0.02%]     3 Year - 3.59% CAN 03/01/27 [+0.03%]     5 Year - 3.34% CAN 03/01/29 [+0.01%]     10 Year - 3.32% CAN 06/01/34 [-]  
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By Matt Brady, One of San Diego's Best Equity Advisors
(Watermark Capital)
Reposting last week for reference, dod not show in my blog history.Last week gave us some conflicting labor data. On the one hand, jobs came in stronger than expected and on the other, unemployment ticked up to 4%. When you do some digging, you find that the number of part-time jobs jumped, which leads me to believe that people are getting 2nd jobs. Rates were lower for most of the week and then ticked up higher on the strong jobs numbers. Here is how rates are looking today (you can see the jump at the end of the week).  We are currently in this wedge and nearing a breakout point. Some good inflation data, or Fed news, can certainly take us to the promised land. Looking ahead, we have a monster of a week: CPI, Fed meeting, and PPI. Assuming the inflation reports (CPI & PPI) come in low...
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By Matt Brady, One of San Diego's Best Equity Advisors
(Watermark Capital)
Inflation data came in last week, better than expected. We actually had, according to the data, 0% month-over-month increase. I have always said we needed 3 months of negative month-over-month data to stamp a trend reversal has occurred. But, this is good news too. The Fed, however, put a stop to the parade as they decreased the forecasted number of rate cuts for 2024. At the end of 2023/beginning of 2024, the Fed predicted 3 rate cuts for the year. I said they would all occur right before the elections, which gave me the July forecast for our first cut.Now, the Fed is saying there will be one rate cut and that they need to see more data to justify it. If they stick to their guns, it will be difficult to get that July rate cut and we may not see it until September.One thing is certain, ...
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By Dora Griffin, NMLS 6380
(D A Griffin Financial.LLC)
Feds still not budging on the discount rateNot unsurprising, the Feds' Powell announced no change in the discount rate for this month.  For that matter, the projection is for just one reduction in the discount rate for 2024.   According to Powell, whereas there was some news that would be encouraging for a reduction in the discount rate, it is not enough.  Powell says the fact the Feds have pulled back on the discount rate reductions for 2024 (one cut vs three), it could just mean more cuts in 2025.  The two biggest factors affecting stubborn inflation numbers are rental prices and auto insurance.  Most folks with car insurance can attest to the rapid increase in insurance premiums.  One would think eventually it would peak.  Until the Feds see reasons for reducing the discount rate, ou...
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By Michael Elliott, Burlington, New Jersey Residential Sales
(Fathom Realty)
Believe it or not, some people take 15 year loans on the home purchases.   Imagine saving 15 years worth of payments?   This should be considered if you buy a home below your means, and have the promise of consistent employment.If not, many home owners shave years off the back end of the loan by mailing in extra principal each and every month.  If you can, why not?https://michaelelliott.fathomrealty.com/ 
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By Matt Brady, One of San Diego's Best Equity Advisors
(Watermark Capital)
We have been experiencing a mini roller coaster with interest rates. We are currently in a bit of a drop as we ride the wave of last Friday's PCE (inflation) report which was pretty much in line with analyst expectations. The fact that it didn't pop up was a good sign. This week we have labor data to digest: ADP employment, initial jobless claims, and unemployment rate. It is morally contradicting to cheer for this, but if we get worsening labor data, it will be good for interest rates. Before considering rate cuts, the Fed has not shied away from announcing they are looking for lower inflation and ease in labor markets. The Fed meets next week, but as I've been saying, I'd be surprised by any rate cut announcement. The meeting at the end of July is the one I have been eyeing as the fir...
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By Dan Rochon, Top Realtor in Northern Virginia
(Greetings Virginia with eXp Realty)
Are you a Veteran who wants to buy a home with O down? The Veteran Affairs loan program uniquely offers favorable loan terms for eligible veterans, military members, and their families.The main advantage of this loan program is the opportunity to buy a house without any down payment. This makes buying your new home much easier without making a sizable down payment.  BOOK A CALL 🧡SEARCH FOR HOMES VA loans also have lower interest rates than conventional loans, which can help you save a significant amount over the term of your mortgage. Unlike many traditional loans, which demand PMI for mortgages with less than 20% of a down payment, VA loans do not require PMI.Through a VA loan, you can buy a house anywhere, for instance, near a military base or a civilian neighborhood. Another VA loan ...
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By Candice A. Donofrio, 928-201-4BHC (4242) call/text
(Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker)
The smartest thing you can do as a buyer of commercial property is provide your agent with a letter from your funding source expressing an interest in financing you on a real estate purchase. Yes, there are subject-tos. Title, suitable property, appraisal, environmental assessment, etc. that the lender will require.It does not bind either party. It's an introduction to the players - and expression of good faith.What it does do is inform the seller of commercial property who the lender is, and that they have an interest in working with this borrower to purchase property. When I get an offer on a commercial property that says 'financed' but has no lender information at all, it's almost always a kibosh, or at very least a counter. It wastes our time and does not put the buyer's 'best foot ...
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By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.94% CANHOU 06/15/29 [+0.04%]     10 Year - 4.11% Est. CANHOU 12/15/34 [+0.05%]     Floating Rate insured cost of funds 5.29% [-]     Prime Rate 7.20% [-]     GoC 2 Year - 4.32% CAN 02/01/26 [+0.04%]     3 Year - 3.95% CAN 03/01/27 [+0.04%]     5 Year - 3.68% CAN 03/01/29 [+0.04%]     10 Year - 3.61% CAN 06/01/34 [+0.04%]     GOC Bonds are for reference purposes only * denotes interpolated rate  
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By Malendaz Coleman, FLAT FEE MLS LISTING SERVICES
(FLAT MLS LISTING SERVICES )
The U.S. Securities and Exchange Commission (SEC) has made a significant move by approving a batch of spot Ethereum exchange-traded funds (ETFs). This decision comes just four months after the approval of spot Bitcoin ETFs1. Among the applicants for these Ethereum ETFs are financial giants such as BlackRock, VanEck, ARK 21Shares, Fidelity, Invesco Galaxy, Grayscale, and Hashdex. The upcoming decision deadlines for these applications span from May 23 for VanEck to August 7 for BlackRock.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.What Does This Mean for the Real Estate Market?While the direct impact...
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By Joe Jackson, Clintonville and Central Ohio Real Estate Expert
(Keller Williams Capital Partners Realty)
Navigating the online home loan process can seem daunting, but this blog breaks it down into easy-to-follow steps. From researching lenders to submitting your application, it provides valuable tips and insights to help you secure your home loan efficiently and confidently.Have a super fantastic week!Joe Jackson, Realtor-KWCP Buying a home in the UK is one of the biggest financial decisions you'll ever make. And getting approved for the right mortgage loan is a crucial first step in the home buying process. In today's digital world, you no longer have to go from bank to bank to find the best home loan for your needs. Many lenders now offer the ability to apply for a mortgage completely online from the comfort of your home! Online mortgage applications make things incredibly convenient, o...
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By Hugh Grant, I help investors and consumers with real estate
(RealMax Realty)
Buying a home in the UK is one of the biggest financial decisions you'll ever make. And getting approved for the right mortgage loan is a crucial first step in the home buying process.In today's digital world, you no longer have to go from bank to bank to find the best home loan for your needs. Many lenders now offer the ability to apply for a mortgage completely online from the comfort of your home!Online mortgage applications make things incredibly convenient, offering 24/7 access to compare rates and loan options at your own pace. The process leverages modern technology while still keeping you in the driver's seat with support from loan officers every step of the way if needed.If you're ready to start your online home loan journey, this step-by-step guide lays out exactly how to appl...
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By Linda Peltz, It's The Sold That Counts
(eXp Realty)
Sometimes there are some government-backed programs that offer low or no down payment options homebuyers, such as VA loans for veterans or USDA loans for rural areas. However, it's important carefully evaluate the terms and consider potential drawbacks like higher interest rates or private mortgage. But MKG Enterprises Corp comes with a brilliant idea for first time home buyer.Linda Peltz realtor Clovis CA was thrilled to introduce you to some incredible loan programs that can make your dream of owning a home a reality. Homeownership is getting way harder than ever, especially for first-time buyers. But thanks to MKG Enterprises Corp, there are options designed to ease the financial burden and simplify the journey. Let's dive into the specifics of their exceptional 0% down purchase prog...
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By Matt Brady, One of San Diego's Best Equity Advisors
(Watermark Capital)
Sorry to get this out late, I figured I would get you used to the holiday coming next Monday and post on Tuesday.We had a good week last week. Inflation data (CPI) came in as expected and one of the metrics came in under expectations. Markets were happy about this and had a few good days of rates to keep the trend going.Two weeks ago, the Fed switched gears by taking the spotlight off inflation and placing it on the labor markets. The markets, however, still want to see inflation come in low. Next week Friday we get the Fed's preferred inflation report: the PCE. This week we hear from many Fed members, and get some housing data. We also get the Fed's minutes from their May meeting. We'll be able to take a deeper dive into how they're thinking. Here is how this week is lookingMonday Fed ...
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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
(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 Rodney Mason, VP of Mtg Lending, AL,AR,AZ,CA,CO,FL,GA,IN,MI,MS,NC,NV,SC,TN,TX,VA,WA
(Guaranteed Rate NMLS# 2611)
AGENTS - Tap into a growing market with a Home Equity Conversion Mortgage for Purchase, which enables seniors 62 and older to use their home’s equity to purchase a new one that better fits their needs. A HECM for Purchase not only makes buying a higher-priced home easier to afford, but there’s no monthly mortgage payments for your clients to stress over.   Questions? Reach out to me at (404) 591-2453 for all your Reverse Mortgage questions!   I can personally assist with all your mortgage needs in AL, AR, AZ, CA, CO, FL, GA, IN, MI, MS, NC, NV, SC, TN, TX, VA & WA.      
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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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