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Don't forget, Purchase Florida Mortgage is also an Orlando mortgage broker.  We have access to virtually every mortgage loan product out there today!  From unlimited upside down refinance programs to same day home purchase pre-approvals, Purchase Florida Mortgage has you covered!

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Questions First-Time Florida Home Buyers Should Ask | Florida Mortgage

Terrific article with really pertinent questions that every potential home buyer should ask before committing to a home.  Don't miss this one!

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How Choosing Kitchen Colors Can Affect Your Eating Habits

This is not your typical Florida mortgage related article, but I found this information extremely interesting and wanted to pass it on to our loyal Florida home owners and buyers out there.

Have you ever walked into your kitchen and instantly felt hungry?
Rarely do people think about the colors that they choose to paint their kitchens. They are often too busy worrying about whether the kitchen will match the rest of the home, or whether the colors will be satisfactory to the rest of the household.

However, when painting and decorating your kitchen, you may want to think about the process in a way many people do not -- how the colors you choose will affect the way in which you eat. As behavioral psychologists have documented, the presence of specific colors in your kitchen can change your eating habits and your cravings for food.
Here are some examples :

• The color red increases your appetite. This is why so many restaurants paint their walls red. Although associated with romance and passion, red is also a color which promotes hunger. Furthermore, it has been noted that the color red in your kitchen can influence high blood pressure.
• The color blue is calming, which can slow your eating speed, and prevent you from over-eating. When decorating your kitchen and dining room, therefore, using blue wallpaper or blue paint; and blue placemats, for example, can result in "slower" eating and fewer feelings of fullness.
• The color orange is a "stimulating" color; increasing oxygen supply to the brain and providing a mental boost. An orange-themed kitchen may stimulate your appetite, therefore, and make over-eating more likely.

Then, there is gray. Gray can be an ideal appetite-suppressing color for your kitchen. This is because, psychologically, gray is calming and relaxing, and it neutralizes anxiety. Gray can arrest binge eating and impulsive snacking. It's also a color which home stagers recommend for its neutrality.

The bottom line: Whether you're buying a home in Windermere , or just getting ready to remodel, consider the influence of colors in your home. They do more than just "match the next room" -- they affect your food and drink cravings as well and could ultimately affect your health and personal well-being.

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Find A Mortgage Rate Strategy Ahead Of Friday's Job Report

Friday morning, the government's Bureau of Labor Statistics will release its Non-Farm Payrolls report, more commonly called the "jobs report".  But, how will this affect the Florida mortgage markets and interest rates?
Depending on how the jobs data reads, FHA and conforming mortgage rates may rise, or fall. This is because today’s mortgage market is closely tied to the U.S. economy, and the U.S. economy is closely tied to job growth.
Economists expect that employers have added 125,000 net new jobs to their payrolls in October 2012, up from September's tally of 114,000 net new jobs. Jobs have been added to the economy over 24 consecutive months leading into Friday's release, and approximately 4.7 million jobs have been created in the private sector since early-2010.
So, what does this mean for homeowners looking to refinance in Orlando ? It means that mortgage rates may get volatile beginning tomorrow morning.
Improving jobs numbers tend to push mortgage rates up, as it signals to investors that the U.S. economy is strengthening. If the actual jobs reports shows more than 125,000 net new jobs created, therefore, look for mortgage rates to rise.
Conversely, a weaker-than-expected report injects fear into the market, causing investors to purchase safer assets including U.S. Treasury bonds and mortgage-backed bonds. This moves mortgage rates lower.
Markets will also watch for the monthly Unemployment Rate. After falling to a 4-year low of 7.8 percent in September, economists anticipate that October's unemployment rate will rise 0.1 percentage point to 7.9%.
The good news for rate shoppers is that mortgage rates remain low. Freddie Mac's weekly mortgage rate survey puts the 30-year fixed rate mortgage below 3.50% nationwide for borrowers willing to pay 0.7 discount points. Furthermore, a forecast from the Mortgage Bankers Association predicts that the 30-year fixed rate will remain below 4% for at least the next 8 months and low mortgage rates help to keep home payments low.

The Bureau of Labor Statistics releases the jobs report at 8:30 AM ET Friday.

The Bottom Line: It's impossible to say for sure, but we would highly advise that if you are in a position to lock your interest rate in today... do it, just to be safe and err on the side of caution.

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