Mortgage Loan Originator Noel Arroyo

Hoy en la juramentación de nuevos Realtors del Bayamon Board of Realtos. En First Bank apoyamos a los corredores. Para información de préstamos hipotecarios, buenos intereses, cierre rápido y servicio de primera llama a Noel Arroyo al 787-413-2583.

Buyer beware: Deed restrictions can be be game changers Deed restrictions and deed-restricted communities can control anything from the number of bedrooms in a house to the types of vehicles in the driveway to neighborhood garage sales. So it’s something to study...

Poor manufacturing data counters overseas inflation worries December YOY Case Shiller Home Price Index tanked from an appreciation rate of 6.8% in November down to only 4.6% in December. The FHFA Housing Price Index showed that home prices fell by...

New home sales numbers beat predictions in early 2023 Home prices haven’t softened that much across the country, and interest rates are still not fun. So why, according to...

Three things that could impact rates this week These are the three areas that have the greatest ability to impact rates. 1) Manufacturing, 2) The Fed, 3) Overseas New...

Markets will be focused on Manufacturing data this week Stock indexes had a rough time last week, the DJIA -1,000, NASDAQ -392 and the S&P -110. It was the worst week of this year. This morning pre-opening futures trade the indexes began a little better...

A heads-up for non-permitted additions; What you see is not always what you get This happens when a dream perk at an open house turns into an expensive nightmare. How? You hear it when you find there is no permit paper trail and the home improvements were done without the proper authorizations...

Personal Consumption Expenditures surprises markets Markets waited all week for the 8:30 am ET data this morning. Inflation stronger than forecasts. The Jan PCE m/m expected +0.4% increased 0.6%, year/year estimates...

Making your puppy’s new home a place of comfort and joy takes planning The excitement is mounting. Soon you’ll be bringing your home’s newest resident — a puppy — home, changing the lives of more entities than one...

Initial Weekly Jobless Claims continue to come in under expectations Initial Weekly Jobless Claims were once again lower than expected, 192K vs. est. of 200K. The more closely watched 4 week moving average is now 191K. Continuing Claims hover near year highs but...

Bring luxury items into your home using your own hands instead of using your debit card There is something about the ambiance certain household luxuries offer. Perhaps it’s those social media pop-up ads that suddenly make you click to buy a hand-crafted candle, a pillow cover that makes a statement, or a bath product — all of which simply exude elegance...

The focus today will be the FOMC minutes released this afternoon This afternoon at 2 pm ET the minutes from the Jan FOMC minutes (2/1/23). What we are looking for is any members that were talking about increasing the...

Careful, practical planning goes into a stand-out kitchen remodel Renovating your kitchen is a big job and can be a frightening prospect in terms of totaling up the costs. So do you just do a cosmetic remodel...

Three things that could impact rates this week These are the three areas that can have the greatest impact on rates this week. 1) Inflation, 2) The Fed and 3) Central Banks...

Beware: RE fraudsters are getting more convincing by the minute They know. They know how eager you are to close escrow on your dream home. And that’s when they hit. Scammers know that when buyers are excited, stressed, and chomping at the bit to sign on the dotted line, it’s the best time to strike...

International trade data better than expected ahead of holiday weekend It has been two weeks now since the bellwether 10 year note has seen any improvement, today started out the same way. For weeks in January markets were making big...

Repurposing an entire room takes thought and planning Ever just want to start from scratch with a room in your home? Perhaps that room your grown child once occupied is now up for grabs. Or you decided to finally establish a room that is for guests only...

Producer prices increased more than expected in January Initial Weekly Jobless Claims were lower than expected, 194K vs. est. of 200K. The more closely watched 4 week moving average was very low at 189.5K. Continuing Claims were...

Make your home a place you’ll appreciate even more as you age Staying put? Lots of people have decided to make the homes they now occupy their “forever homes.” Perhaps the pandemic lockdown found you re-tooling and redecorating parts of your home and now you’re snugly (and smugly) telling the world you’re not going anywhere...

January retail sales higher than expected Yesterday the 10 increased 5 bps, MBS prices down 25 bps; this morning the 10 started up 2 more bps but by 8:45 am ET back to unchanged. Jan retail sales released at 8:30 am expected +1.7% increased 3.0%, excluding autos...

Snagging a new ride? If you’re buying a home, leasing a car could become a nightmare Cutting off your nose to spite your face? It’s an old expression, but that might be what happens when you lease a car while your loftiest goal is to buy a home. You may well be preventing one by doing the other...

Core Consumer Price Index reading increases for 32 months straight The newly formulated headline January Consumer Price Index (CPI) rose by 0.5% MOM which matched forecasts. December was revised upward from...

Whose market is this anyway? Those of us in the real estate and mortgage industries are hard-pressed to find words to describe the market in which we find ourselves. Buyers’ market? Sellers’ market?

Three things that could impact rates this week These are the three areas that have the greatest ability to impact rates this week. 1) Inflation, 2) The Fed and 3) Domestic News...

Inflation back in focus with the Consumer Price Index this week Last Friday selling pushed the 10 year yield to 3.74% and MBS prices down 41 bps. Two things; technically the note broke above a long term chart trend line, second, and a key to inflation concerns, Russia announced...

Beware the newest, most sophisticated types of scams Anti-fraud experts note that scammers have proved ingenious when it comes to updating traditional criminal operations such as the romance scam or the Ponzi scheme with new twists to...

Inflation fears increase on worries over oil prices Early this morning the 10 year note yield increased to 3.72% +6 bps from yesterday, by 9 am ET back to 3.68% +2 bp: MBS prices at 9 am 22 bps lower than yesterday. Yesterday the 10 year note broke above the chart trend line...

Learning from others’ mistakes can prevent regrets when it comes to home buying What can happen when people make decisions quickly? Sometimes common sense goes by the wayside and as a result, they have regrets — not a fun place to be when all the dust settles...

Initial Weekly Jobless claims continue to rise Initial Weekly Jobless Claims once again were below 200K, this time 196K vs. est. of 190K. The more closely watched 4 week moving average dropped down below 190K to 189,250...

Taking on a multi-family investment with eyes wide open Ever wonder what constitutes what is called a “multifamily” home? Generally speaking, it’s a building with more than one unit where people can live, each with their own separate kitchens, living rooms, electric bills, etc...