by Athena Paquette | Jan 22, 2017 | Blog, Home Owners, Investors, Realtors
This week held a lot of good news (and some not so good) that points to a stronger economy. So sorry… Why do I say sorry? Because when the economy looks stronger, that means rates might go up. Wednesday, the Consumer Price index or CPI was announced, and that number...
by Athena Paquette | Jan 22, 2017 | Blog, Home Owners, Investors, Realtors
My sister was turned down by her credit union for a loan and we can’t figure out why? She is retired, but gets income from oil investments and other stock dividends. She has 4 Million in her IRA. We are shocked!” Great question! After her reviewing her tax...
by Athena Paquette | Jan 7, 2017 | Blog, Home Owners, Investors, Realtors
Happy New Year! The year started off pretty quietly, but then the Fed, Shopping and Jobs—yes, all in 1 week. The Fed minutes from the meeting in December were released and it seems that they think they may need to raise rates more than expected. Or more quickly than...
by Athena Paquette | Jan 7, 2017 | Blog, Home Owners, Investors, Realtors
My brother just sold his home after 2 buyers backed out because of not getting financing. How can this be, since they were pre-approved? Annie Great questions! Its hard to guess why this would happen twice – once burnt and all that, but the main reason people can’t...
by Athena Paquette | Dec 3, 2016 | Blog, Home Owners, Investors, Realtors
It was a busy week in economic news, and the rates show it. Tuesday we got a revised GDP for October up to 5.3% from 2.9% – wow did the US start producing or what? Such a big jump was not “mortgage interest rate friendly”. Wednesday the ADP payroll number came...
by Athena Paquette | Dec 3, 2016 | Blog, Home Owners, Investors, Realtors
Client applied for a loan with 593, 615 and 633 credit scores. In lending we use the middle of the three. With that rate the only loan I could find for $952,000 was a rate of 5.99% for a 7/1 ARM (meaning fixed rate that turns into adjustable) – yes with 30% down...
