Minnesota mortgage and home loan info for first time buyers, MN down payment assistance and more
This past week one of the three titans of mortgages, Freddie Mac, announced they agree with my assessment that mortgage rates will be going up in 2010. Now I am only waiting for Fannie Mae and FHA to announce that they think I am right too. (If you didn’t notice my name in any of [...]
(10/5/09) On Friday the bad employment news was good for interest rates. Today the bad news is spilling over to something maybe even better for potential home buyers: extending the home buying tax credit. CNBC.com has an article already questioning if the Democrats are in trouble for the next elections–13 months from now–because of the increasing [...]
Triple Whammy: a more hip way of describing the over used phrase “The Perfect Storm.” (Unfortunately these three storms can all be seen off the coast already. )
Today Bloomberg had an article about three issues that are all going to come up at about the same time. All three have been mentioned here at one time [...]
This weekend on the Minnesota Real Estate Show, I said that I am about to change my tune. I have been saying for weeks now that I believe mortgage rates would stay in the 4.5 to 5.5% range through the end of June. This was based on my knowledge that the Federal Reserve was pumping [...]
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The biggest challenge facing home owners wishing to refinance their home into these great interest rates is whether or not they have enough equity. The way a mortgage company decides how much equity you have in your home is by comparing the outstanding balances on your home to the value [...]
The Fed cuts rates, mortgage rates drop–but no one can see it. Why? (And yes, I know I have written I don’t know how many posts about how the Fed dropping rates doesn’t have a direct impact on mortgage rates–well, it does if the go lower than we’ve seen in 50 years).
There is some really goofy [...]
