How to Speed Up Moving Text Box & Images

I work with my wife who is a realtor and created custom PSD templates for real estate postcards. The cards have a few listing images with test describing the listing. If I need to select an image or text (Ctrl-T) then use the up & down arrows to move into place the image/text moves very slowly. At a snails pace, is there a way to speed this up by using the up/down arrows? I was able to do this in past versions and it was pretty quick. I believe I had to hold down Alt, Ctrl, or Shift at the same time, it was one of those but doesn't do it any more. Is this still possible? Thanks for reading.