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 Matt Brady, One of San Diego's Best Lenders
(Watermark Capital)
Finally, we see some positive market reaction to the Fed's policy meeting. Rates have come down over half of a point following last Wednesday's announcement. A week ago rates were over 8% for a 30 yr Fixed and as of last Friday, they dropped to below 7.4%. Rates also saw some easing last Friday when the jobs report came in on the softer side. Unemployment ticked up to 3.9%. Remember, the Fed has said that it wants to see a softer labor market (in so many words) in order to see an easing in inflation. I knew the Fed wasn't going to raise rates and should not be in the near future unless there is another loss of control on inflation. But with inflation showing an actual trend of easing, the Fed really has no reason to bring rates higher. Doing so may trigger a recession and bring responsi...
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By Bill Salvatore - East Valley, Realtor - 602-999-0952 / em: golfArizona@cox.net
(Arizona Elite Properties )
The concept of homeownership has been a cornerstone of the American dream for centuries, and one of the key components of achieving that dream is securing a mortgage. Throughout history, mortgage rates have fluctuated significantly, reflecting economic conditions, government policies, and societal changes. This article explores the fascinating journey of historical mortgage rates, from their humble beginnings to modern trends. The Early Roots of Mortgages Mortgages, in some form, have existed for thousands of years. The word "mortgage" itself comes from the Old French "morgage," meaning a "dead pledge." In medieval Europe, a mortgage was essentially a conditional conveyance of land, where the borrower held the land but promised it as security for a loan. Interest rates during these tim...
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By Rob McConville, CT Shoreline Real Estate Expert
(Coldwell Banker Choice Properties)
The concept of homeownership has been a cornerstone of the American dream for centuries, and one of the key components of achieving that dream is securing a mortgage. Throughout history, mortgage rates have fluctuated significantly, reflecting economic conditions, government policies, and societal changes. This article explores the fascinating journey of historical mortgage rates, from their humble beginnings to modern trends.The Early Roots of MortgagesMortgages, in some form, have existed for thousands of years. The word "mortgage" itself comes from the Old French "morgage," meaning a "dead pledge." In medieval Europe, a mortgage was essentially a conditional conveyance of land, where the borrower held the land but promised it as security for a loan. Interest rates during these times ...
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By Rob McConville, CT Shoreline Real Estate Expert
(Coldwell Banker Choice Properties)
The concept of homeownership has been a cornerstone of the American dream for centuries, and one of the key components of achieving that dream is securing a mortgage. Throughout history, mortgage rates have fluctuated significantly, reflecting economic conditions, government policies, and societal changes. This article explores the fascinating journey of historical mortgage rates, from their humble beginnings to modern trends. The Early Roots of Mortgages Mortgages, in some form, have existed for thousands of years. The word "mortgage" itself comes from the Old French "morgage," meaning a "dead pledge." In medieval Europe, a mortgage was essentially a conditional conveyance of land, where the borrower held the land but promised it as security for a loan. Interest rates during these tim...
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By Manfred Lewis Leslie Horne & Associates, Realtor Spartanburg and Greenville SC
(Leslie Horne &Associates )
You don't need a mountain of cash to unlock the door to your dream home. While these numbers cite the cities with the largest down payments, anything over 20% is not realistic for most people due to income restraints, housing prices, inflation and other financial commitments. Send me a message and let me explain why buying a home is still possible, even with little to no money down.#realestate #realestateagent #listreports #buying #selling #realestateexpert #homeowner #dreamhome #homeownership #homebuying #homesearch #buyingahome #financehub
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By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 4.21%CANHOU 12/15/28 [-0.06%]   ‌ 10 Year - 4.37%*Est. CANHOU  03/01/34 [-0.10%]         * denotes interpolated rate GoC 2 Year - 4.47% CAN 11/01/25 [-0.04%]   ‌ 3 Year - 4.19% CAN 09/01/26 [-0.06%]   ‌ 5 Year - 3.84%* CAN 09/01/28 [-0,08%]   ‌ 10 Year - 3.75%* CAN 12/01/33 [-0.09%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 5.40% [+0.08%]                   Prime Rate 7.20% [-]    
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By Frank Worrell, Turning BPOs Into Six-Figure Incomes
(BPOS FOR LIFE LLC)
As mortgage interest rates fluctuate, homeowners may seek out loan modifications or refinancing to better manage their financial situations. In such cases, Broker Price Opinions (BPOs) play a crucial role in the refinancing process. Here's why:Accurate Valuations for Refinancing Decisions Market Value Assessments: BPOs provide a cost-effective and timely assessment of a property's current market value, which is essential for refinancing applications. Equity Calculations: Homeowners need to know their equity to understand refinancing options. BPOs help in determining the loan-to-value ratio, a key factor in refinancing eligibility. BPOs and Loan Modifications Loan Modification Assessments: For those looking to modify their loans due to financial hardship, BPOs offer lenders a reliable va...
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By Frank Worrell, Turning BPOs Into Six-Figure Incomes
(BPOS FOR LIFE LLC)
The real estate market is a barometer of economic stability, with mortgage interest rates being one of the critical levers. As these rates rise, the ramifications ripple through the market, affecting everything from buyer sentiment to BPO income. A pressing question now looms over the industry: Will further increases in mortgage rates push us to a tipping point, resulting in a surge in foreclosures?Understanding the MechanicsMortgage rates are a direct line to affordability. When they go up, monthly payments follow suit, stretching household budgets. For those with adjustable-rate mortgages (ARMs) or those seeking to refinance, the impact is immediate and sometimes untenable, potentially leading to financial distress.Historical PerspectiveHistorical data does show a correlation between ...
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By Matt Brady, One of San Diego's Best Lenders
(Watermark Capital)
As we enter the last two months of the year, we are spending ourselves personally and politically into unsustainable debt.Moving forward. PCE reports (Personal consumption expenditures)came out and core PCE (the Fed's preferred inflation gauge) hit the lowest year-over-year level in over 2 years. This is crucial as we head into the Fed meeting this week. The Fed has been firm on their 2% inflation goal and seeing core PCE trending lower is a positive development for the economy and the future rate decisions. GDP also came in roaring. It came in at 4.9%, beating expectations and more than doubling the previous quarter's numbers. This helped silence any current conversations of a looming recession.However, much of this was fueled by consumer spending and consumer credit card debt is at al...
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By Linda Peltz, It's The Sold That Counts
(eXp Realty)
An innovative mortgage program is a type of mortgage that offers unique features or benefits compared to traditional mortgage options. This program may have flexible repayment terms, lower interest rates, or incentives for specific markets, such as first-time homebuyers or energy-efficient homes. These programs aim to make mortgages more accessible, affordable, and tailored to meet the evolving needs of borrowers in the real estate market.In the dynamic world of real estate, Trademark Financing, led by the experienced senior mortgage loan officer, George, is making waves in Fresno, California. This article delves into the array of services offered by Trademark Financing, with a focus on its groundbreaking innovative mortgage program 2023. Join Linda Peltz and George Mikhail as they expl...
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By Frank Worrell, Turning BPOs Into Six-Figure Incomes
(BPOS FOR LIFE LLC)
IntroductionAs the founder of BPOS For Life LLC, I've had the privilege of helping hundreds of homeowners save on their mortgage bills this year alone. Through PMI (Private Mortgage Insurance) removal Broker Price Opinions (BPOs) and the upcoming service of tax appeal reduction relief, I've been at the forefront of creating real financial benefits for property owners. In this blog, I'll share how these services have made a significant impact on the average American homeowner.The Power of PMI Removal BPOsPMI is often a necessary but unwelcome addition to a mortgage bill. This year, I've conducted hundreds of BPOs aimed at PMI removal, charging a flat fee of $150 for property valuation. The result? On average, homeowners have saved $80 per month on their mortgage bills. That's nearly $1,0...
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By Femme Capital Partners, Residential & Commercial Mortgage Broker
(Femme Capital Partners)
At Femme Capital Partners, we are rewriting the narrative of finance. We believe in inclusivity, transparency, and empowering voices often underrepresented in the financial world. Our mission is simple yet profound: to give women a seat at the table and ensure that their financial aspirations are not only recognized but valued.A Seat at the Table for WomenIn a financial landscape that has often felt exclusive and intimidating, we are changing the game. We believe that everyone deserves access to the opportunities and support they need to achieve their financial goals. Femme Capital Partners ensures that women are not left on the sidelines but are seated prominently at the financial decision-making table.Expertise Without ImpersonalityOne of the key elements that sets us apart is that we...
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By Matt Brady, One of San Diego's Best Lenders
(Watermark Capital)
This week we get some housing data but all eyes will be on Friday's PCE inflation report. This report/method is the Fed's preferred measurement of inflation and it is the last report of any significance before the Fed's policy meeting next week. The Fed meeting starts Tuesday and commences Wednesday which is when will hear from Chairman Powell. We will also get Q3 GDP numbers on Thursday. The market is expecting 4.5% growth which is a large increase from the previous quarter's 2.1%. The Fed has reported in the past that the consumer and economy remain strong and resilient. They want to see weakness in the consumer to relieve demand pressures on the prices of goods and services, bringing inflation down. Nobody has a crystal ball but as I've said in the past, the issues surrounding this f...
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By Femme Capital Partners, Residential & Commercial Mortgage Broker
(Femme Capital Partners)
Your journey to homeownership is full of decisions, and one key factor in this process is your credit score. It determines not only whether you can secure a mortgage but also the terms and interest rates associated with it. If you're dealing with collections on your credit report, we've got a game-changing tip for you that could potentially transform your path to homeownership.Understanding the Credit Score GameYour credit score is a critical part of your financial profile. It's a numerical representation of your creditworthiness and is often used by lenders to assess the risk of lending to you. Generally, a higher credit score indicates responsible credit management and makes you a more attractive borrower.The Collections ConundrumIf you've had collections on your credit report, you're...
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By Joe Jackson, Clintonville and Central Ohio Real Estate Expert
(Keller Williams Capital Partners Realty)
This blog provides crucial insights and guidance for those facing these situations, helping them make informed decisions during a challenging time. A valuable resource for anyone dealing with real estate matters in the context of divorce.Have a super fantastic week!Joe Jackson, Realtor-KWCP Divorce is a challenging and emotional process. When it comes to dividing assets, especially the family home, things can become even more complicated. One common scenario in divorce involves one spouse paying the other to take possession of the house. In this blog, we'll explore the key considerations, financial implications, and steps involved in this type of property division. Assessing the Value The first step in this process is determining the value of the family home. You may need to hire an app...
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By inboundREM Market Updates
(InboundREM)
Understanding The Cost Of Living In San MateoHousing Costs In San Mateo: Your Gateway To Luxurious LivingSan Francisco boasts some of the finest residential spaces, especially in the Bay area. The community has immaculate homes, tranquil neighborhoods, and early 20th-century Craftsman houses. These main features significantly impact the San Mateo cost of living for many of the residents. While the city embodies a homeowner's dream, it embraces a premium lifestyle. The median home price in San Mateo stands at a notable $1,412,529, a testament to the city's desirability. For those opting to rent, the median rent of $4,315 per month reflects the city's allure. These figures exceed national averages, signifying investment in a fulfilling and comfortable lifestyle. The city's meticulous plan...
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By Femme Capital Partners, Residential & Commercial Mortgage Broker
(Femme Capital Partners)
Divorce is a challenging and emotional process. When it comes to dividing assets, especially the family home, things can become even more complicated. One common scenario in divorce involves one spouse paying the other to take possession of the house. In this blog, we'll explore the key considerations, financial implications, and steps involved in this type of property division. Assessing the Value The first step in this process is determining the value of the family home. You may need to hire an appraiser or consult with a real estate agent to get an accurate valuation. Understanding the property's worth is crucial as it will influence the financial aspects of the divorce settlement. Buyout or Sale? Once you have the property's value, you and your spouse need to decide whether one of ...
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By Matt Brady, One of San Diego's Best Lenders
(Watermark Capital)
We had PPI (producers price index) and CPI (consumer price index) numbers come out last week. The store for both: inflation ticked up but core inflation (excludes food and energy) came in at expectations. The volatile food and energy sectors, especially energy, pushed the indexes higher. One can assume the conflict overseas will only increase energy prices as oil production slows down. If Saudi Arabia and Iran get involved, this will add to the volatility. We get some housing data this week. Housing data is important as it is a large portion of GDP and is usually a leading economic indicator of how the economy is doing. Recently, some Fed members have discussed a turnaround in housing...what? I haven't noticed any turnaround in inflation with housing. There may be some markets doing pri...
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By Randy Mitchelson,APR, First Impressions are made at First Click
(Marketing Advisor & Squeeze Mortgage)
Join the Florida Association of Mortgage Professionals Gulf Coast Chapter for a Happy Hour Social in Fort Myers, FL.Sponsored by: Evolution Retirement Services Insurance Express Metrofund Mortgage & Private Lenders Stewart Title SunCoast Mortgage Processing When:November 9, 2023 | 5:00pm - 6:30pmWhere:Blu Sushi13451 McGregor Blvd #23Ft. Myers, FL 33919Registration is required and admission is free!Appetizers and 1 drink included Click here to register
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By Frank Worrell, Turning BPOs Into Six-Figure Incomes
(BPOS FOR LIFE LLC)
IntroductionIn the ever-changing landscape of the financial market, adaptability is not just a virtue but a necessity. Broker Price Opinion (BPO) companies stand as a testament to this fact. With the ability to quickly adjust their services and implement new mechanisms, BPO companies have proven to be highly adaptive entities. This adaptability is crucial in meeting the diverse needs of a wide range of end clients, including asset managers, Wall Street firms, investors, and attorneys. In this blog post, we will delve into how BPO companies manage to stay ahead of the curve and why their adaptability is beneficial for various stakeholders.The Changing Face of the MarketThe financial market is akin to a roller coaster, with its ups and downs, twists and turns. Regulatory changes, economic...
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