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...

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Economic News This Week: Quiet News

Dec 8, 2018 | Blog

Quiet economic week was welcomed! First bit of news, actually all the news, was last Thursday as the revised Q3 GDP came out showing the economy grew at 3.5% annualized. October home new home sales fell 8.9% from the September number – both got little reaction from...

Economic News This Week: Quiet Numbers

Sep 30, 2018 | Blog

There was lots of data but mostly the markets reacted to the Fed announcement. Wednesday: August New home sales data shows a slight increase in sales from July’s 629,000 units to August hitting 629,000. The Fed announced a .25% hike in the funds rate. They foresee 3...

Success Story: Coincidence and Prosperity

Sep 30, 2018 | Blog

Sometimes clients appear in the strangest places. My assistant was recently washing her hands in the bathroom and got to talking to the woman next to her. The lady was explaining that she was starting a plan to build a 2nd unit on her property, so her son and his...

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