by Athena Paquette | Nov 5, 2016 | Blog, Home Owners, Investors, Realtors
This week was a bit slow, but the Fed was active. They announced that they would not raise the Fed funds rate (sometimes called the prime rate), but that there was enough indication that they should be able to soon… The market was slightly relieved, but did not move....
by Athena Paquette | Oct 29, 2016 | Blog, Home Owners, Investors, Realtors
This week was a fairly quiet week with Friday being the big number day. The 3rd quarter GDP was announced, and it came out very strong (in comparison to recent history not US history). At 2.9% growth, our economy grew at two times the pace of the 2nd quarter, mostly...
by Athena Paquette | Sep 25, 2016 | Blog, Home Owners, Investors, Realtors
The bid news was the Federal Reserve meeting The FOMC met again this month to decide whether to raise the prime rate. It looked to some like they might, but in the end more weak data gave them justification to put it off. Almost all experts expect them to raise the...
by Athena Paquette | Apr 9, 2016 | Blog, Home Owners, Investors, Realtors
If you have less than 20% down, you have to pay PMI. FALSE. There are 2 ways to avoid PMI. One is to do what we called tandem financing or a “piggyback loan.” The first bigger loan is 80% of the price of the home, as if you have 20% down. Then we give you a second...
by Athena Paquette | Nov 20, 2015 | Blog, Home Owners, Investors, Realtors
It was a quiet week in economic news. The biggest news was the “watching” of the Federal Reserve. The long awaited (not) meeting minutes of the FOMC meeting had stronger language, hinting at a rate hike in December. The meeting will be held December 16th. The other...
