by Athena Paquette | Sep 18, 2016 | Blog, Home Owners, Investors, Realtors
Overall it was a quiet week in economic data. August retail sales were down 0.3% t,he August PPI was unchanged, and the weekly jobless claims were up 1000. Collectively that should have helped interest rates come down (bad news is good for rates). The CPI was up...
by Athena Paquette | Aug 26, 2016 | Blog, Home Owners, Investors, Realtors
This week saw rates inch up a little on the rumor, then some words from Fed Chairman Janet Yellen indicating the US economy may be firming up enough to withstand an increase of the Fed Funds rate. So what news backed this up? The first big news was that New Homes...
by Athena Paquette | Aug 26, 2016 | Blog, Home Owners, Investors, Realtors
When one bank says no another says yes. This week we had the very bad news that if one of our investors pulls credit after we pull credit, they are the only ones. And because of this, our client’s credit score went from qualifying at 724 mid score to no longer...
by Athena Paquette | Jan 22, 2016 | Blog, Home Owners, Investors
You probably remember the interest only loans from years ago. Those loans were most popular in 2005, 2006, and 2007. Most of them had a 10 year interest only period after which the loan started to amortize (include principal). Here we are 10 years later and people are...
