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 [...]
Alex Stenback over at Behind The Mortgage picked up an interesting story by The Washington Post about the Making Home Affordable Refinance program. According to the Post:
…only 93,070 borrowers have been helped since the effort was launched in April…
The refinancing program is part of the Obama administration’s massive housing program, known as Making Home Affordable. The [...]
Why are mortgage interest rates so low? This is certainly the million dollar question for home owners. Well, actually most don’t care why as long as they can take advantage of them by refinancing or buying a home here in Minnesota or anywhere else in the US. But I’m going to go ahead and explain [...]
“Interest rates are so low I am wondering if it makes sense to refinance my mortgage…”
After receiving a number of similar emails from home owners I came to a realization. So many people have left the Minnesota mortgage business over the past year that almost half of the borrowers who got loans over the past [...]
