stock market Archives - Athena Paquette

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...

This Week on Fed Watch

by Athena Paquette | May 22, 2016 | Blog, Home Owners, Investors, Realtors

This week we were on Fed Watch. The Federal Reserve Board met and decided not raise the fed funds rate. A relief to some, a disappointment to others. Some are concerned that if they wait too long, the inflation will have kicked in and then we are chasing it instead or...

Rates are Moving Around

by Athena Paquette | Mar 12, 2016 | Blog, Home Owners, Investors, Realtors

This week’s update is from one of the economic analysts I follow, Larry Baer. He mostly deals with the gyrations of the bond market and its effect on mortgage rates. He dings me by text with updates starting at 5:30 am daily on days when bond market is trading. What...

Bad News for Stocks, Good News for Rates

by Athena Paquette | Jan 22, 2016 | Blog, Home Owners, Investors, Realtors

While the news is not bad, the rates fell. This week we got the December consumer price index, and it was down .1%, with the core rate up .1%. December housing starts were down .25%, and building permits were down 3.9%. All are not good signs, as construction is a...

A Dour Week in the Stock Market

by Athena Paquette | Nov 14, 2015 | Blog, Home Owners, Investors, Realtors

Dour news this week after good news last week leads to flat rates… Last week’s surprising, shockingly, good employment numbers caused interest rates to jump up. New week, new news. The teeter totter economic news gave us a PPI that was down .4% instead of the...

Stock Market News

by Athena Paquette | Sep 25, 2015 | Blog, Home Owners, Investors, Realtors

This week was a doozy in the stock market! Normally that helps the bond market, but it had little effect. In the end, it was a seesaw week. We got a final GDP revised number and it now was determined that the GDP grew at 3.9% in the 2nd quarter which was much better...

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