mortgage rates: What is the Velocity of Money - 04/02/12 11:17 PM
What is the Velocity of Money and How Does it Impact Home Loan Rates?
 If you’ve been watching the economic news, you’ve probably noticed that market experts and traders have been keeping a close eye on the Commerce Department’s Personal Spending and Personal Income reports. Obviously, those reports provide insight into the health of our economy, but did you know they also influence home loan rates? That’s right, personal spending can actually influence the interest rates that are available when you purchase or refinance a home.Here's why. It has to do with something called the velocity of money. Even though the … (0 comments)

mortgage rates: The Market Has Moved-Rates Went Up - 03/15/12 01:15 AM
The Market Has Moved-Rates Went Up
 
The US markets were at the lowest point of 2012 at the opening today in regards to mortgage backed securities.  To give you a clear perspective below is a graph that reflects the FNMA 30Yr 3.5 coupon:

 
What does this mean? 
Many rates are back up to where they were in December of 2011.  The initial thought is that the rates will slowly come back down a bit but it will be gradual each day.
If you have been working toward that 30YR fixed rate below 4% you may be in a … (0 comments)

mortgage rates: Decisions that Affect Buyers Long-Term Financial Picture - 08/11/11 07:58 AM
Important Decisions...
 
Taking the step into home ownership is one of the most important financial decisions a person will make in their lifetime. There are many factors to consider when embarking on this venture. Many loan programs are still available and it is important to find the one that best fits your personal long-term goals.First and foremost, you must have a mortgage consultant in your corner that is willing to take the time to know what your long-term goals are. Communication and education are the key factors here. Curious prospective home buyers sometimes turn to Internet-based services just to see … (0 comments)

mortgage rates: Velocity of Money? - 07/28/11 03:11 AM
There has been some talk on the Velocity of Money....
What is the velocity of money and how does it impact home loans rates?
If you’ve been watching the economic news, you’ve probably noticed that market experts and traders have been keeping a close eye on the Commerce Department’s Personal Spending and Personal Income reports. Obviously, those reports provide insight into the health of our economy, but did you know they also influence home loan rates? That’s right, personal spending can actually influence the interest rates that are available when you purchase or refinance a home.Here's why. It has to do … (6 comments)

mortgage rates: Grand Rapids, MI It is a Buyers Market - 05/11/11 09:09 AM
Grand Rapids, MI Buyers Market Economics 101
I was reading an article today on ten ways to survive the housing market and I got to thinking, what is the best thing a home owner could do to survive this slow moving market. Suddenly it hit me as I was reading number three on the article, BUY!
 The United States housing market is like a gigantic Wal-Mart right now with 20-30% savings on everything from Mansions to Apartments. One of the most common sayings when at the grocery store is "No it's not on sale." Homes are on sale! With prices predicted … (0 comments)

mortgage rates: Yes it is Time to Buy - 02/23/11 03:51 AM
Homes are the Best Investment; so Yes it is Time to Buy
 
During my daily ritual of reading a few industry articles I came across one that I just had to share.  Why you best investment is a house; Commentary: Home-sales data highlight a buying opportunity on Market Watch.  After completing the short read I am inspired for the day.

 
We all have continued to hear many consumers saying that they are holding off to buy as the "doom and gloom" in the market does not seem suitable for home purchase.  They are sitting back waiting for everything … (1 comments)

mortgage rates: Grand Rapids, MI asks: What is an origination fee? - 01/14/11 08:56 AM
Grand Rapids, MI asks:  What is an origination fee?It has become more and more common with the uncertainty in the real estate market, that a loan originator be questioned on what certain fees are and why they are needed.  One of the number one questions of 2010 was, “What is an origination fee?”.Many assume that an origination fee is just what the loan originator or sales person is being paid, but that is not all there is to it.  If you have ever applied for a mortgage or any type of loan, you know that there is a process of collecting … (2 comments)

mortgage rates: Adjustable Rate Mortgages - 02/24/10 03:21 AM
ARE YOU STILL ROLLING THE DICE WITH YOUR ADJUSTABLE RATE MORTGAGE?
 We have gone through the big "Refi. Boom" and the days for crazy low rates, yet many people are still holding on to their adjustable rate mortgages. 
How long can you wait?  Does it make sense to go from a very low ARM rate to a slightly higher fixed rate?  How much will your ARM really adjust and how fast?
 

There are many questions to be asked and some careful analyzation is key.  Taking the time to meet with a professional and review your situation is needed to … (1 comments)

mortgage rates: Weekly Michigan Home Values - 02/16/10 02:00 AM
 
Michigan Home Value Update

 
The state of Michigan continues to struggle, but some areas are looking up slightly.   The yearly comparison is still down, but slight increases for the month and quarter help things to look up a bit.  Michigan is currently at a 9.3% loss over the year in comparison to surrounding states: Ohio -0.8%, Illinois -7.8%, Indiana -3.7% and Wisconsin -8.3%. 
Within the state of Michigan, home values in Grand Rapids and Lansing Metro areas appear to be increasing slightly, where  Detroit and the state as a whole still appear to be decreasing.  Grand Rapids has … (0 comments)

 
Katrina Cole, Inlanta Mortgage, Business Development Manager (The Jonathan Arnold Team of Inlanta Mortgage)

Katrina Cole

Inlanta Mortgage, Business Development Manager

East Grand Rapids, MI

More about me…

The Jonathan Arnold Team of Inlanta Mortgage

Address: Grand Rapids, MI, 49506

Mobile: (616) 350-5515

Email Me

Bringing the important financial news to you in words that we can all understand from the professionals you trust. Throw out the lingo and know the facts. Take some time to learn some new marketing strategies and new technology with our featured posts. It is not about what and how much you know, it is how you choose to share and utilize that knowledge. Katrina Cole; taking your from invisible to Visible!


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