economy Archives - Page 2 of 2

by Athena Paquette | November 17, 2022 | Blog | 0 Comments

A mortgage is a loan or debt that is secured by real estate. In some states it is also the word used for the lien that is put on the property to secure the debt. Normally this loan is paid back over a specific time , like 30 years or 15 years, until the entire...

How raising the prime rate makes mortgage rates go down

by Athena Paquette | September 26, 2022 | Blog | 0 Comments

I have talked about this before but I think it is worth revisiting after our talk last week about the prime rate. The Federal Reserve raised the Fed Funds rate (often confused with the prime rate) by 0.75% this week.to 1.75% it was 0.25% a year ago. The highest 1-day...

Mortgage Minute – ARMS and HYBRIDS

by Athena Paquette | September 19, 2022 | Blog | 0 Comments

What do you do when mortgage interest rates jump up 2% in 4 months? Don’t go LONG, go SHORT use a HYBRID ARM loan ARM means adjustable-rate mortgage. But some people are not comfortable with the idea that their mortgage payment and that the interest rate will start...

Mortgage Minute – Adjustable rate mortgages or ARMS

by Athena Paquette | September 12, 2022 | Blog | 0 Comments

When rates go up, we usually see a switch over from the 30 year fixed to ARM loans. Why go LONG at a high rate when you can go short at a lower interest rate and get the upfront savings? People do this to help ease the payment shock of rates going up and to help them...

Big Economic News

by Athena Paquette | Jan 9, 2016 | Blog, Home Owners, Investors, Realtors

Did you see the stock market this week? Well if you did, and you have read my newsletter before, you know that most of the time when stocks don’t do well, bonds do, so rates go down. And you would also know that the first Friday of the month all eyes are on the jobs...

More Jobs, Jobs, Jobs!

by Athena Paquette | Nov 6, 2015 | Blog, Home Owners, Investors, Realtors

Yes, it was JOBS JOBS JOBS eclipsing all other data. The October non-farm payrolls were up 271,000 putting the US unemployment rate at 5% down from 5.1%. The hourly earnings were up .4% and initial weekly jobs claims were up 16,000. Productivity in Q3 was up a...

Economic News with Lower Rates

by Athena Paquette | Oct 2, 2015 | Blog, Home Owners, Investors, Realtors

Soft economic news brought lower rates… We started the week’s economic data with personal income and spending. Income was up .3% and spending was up .4%. That was not good for mortgage rates, as it showed a pretty good increase in income and people’s spending. This is...

Economic News: 8-29-15

by Athena Paquette | Aug 29, 2015 | Blog, Home Owners, Investors, Realtors

What a week! After last week’s stock market drama, the world economy and our stock market looked like they was headed for free fall. Then a new week begins. While stocks were still on the downtrend earlier this week, on the home front we had surprisingly good news....

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