R.B. "Bob" Mitchell

I'm a:	Just Looking
Location:	Saint Louis
Web sites:	ValueList Web Site
	Bob's Activerain blog

2 Answers
2 First Answers
2 Useful Answers

Report this profile

About Me

St. Louis Realtor. Owner of ValueList Real Estate Services, St. Louis' largest discount/full-service real estate and mortgage company. Since 1995!I have been selling homes and originating mortgages in the St. Louis real estate market since 1984 and believe that not only can real estate and mortgages be done different in St. Louis, I believe that they can be done better!

My Q&A View all >>

R.B. "Bob" M…'s Questions (0)

R.B. "Bob" M…'s Answers (2)

When are Option ARMs useful?

Asked Sat May 12 2007, 08:14 by Kristal Kraft - California - Foreclosure - 8 answers

R.B. "Bob" Mitchell answered:

The Payment Option ARM can be a useful tool for a borrower who is not going to own the property for a long time and is either in a rapidly appreciating market or is going to improve the value of the property to the point where negative amortization is not a concern - Sat May 12 2007, 09:37

What makes mortgage rates go up and down?

Asked Sat May 12 2007, 08:15 by Kristal Kraft - California - Financing - 3 answers

R.B. "Bob" Mitchell answered:

What makes interest rates go up and down on a daily basis is the bond market. Bond traders look at a number of different indicators and attempt to second guess the actions of the Federal Reserve. The Federal Reserve looks at the economy in general and inflation in particular and attempts to regulate them by increasing or decreasing the amount of money in circulation by making money more or less expensive. They do this by a number of ways, the most prevalent being raising or lowering the "Federal Funds Rate". If you think about it the economy is like a car and the Fed is like the driver. If the car starts to slow down on a hill, the fed will apply the gas (lower rates) if the car starts to pick up too much spend coming down a hill it will apply the brakes (raising the rates). - Sat May 12 2007, 09:34

View all R.B. "Bob" Mitchell's Questions & Answers >>

RSS