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  • What is MBS speculative pricing and why it is hurting mortgage rates?

    What is MBS speculative pricing and why it is hurting mortgage rates? Minneapolis, MN:  MBS speculative pricing (mortgage backed securities) is one big reason that mortgage interest rates today are pretty good IF you are willing to pay[...]

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    New $35k MN Down Payment Assistance Program

    New $35k MN Down Payment Assistance Program St Paul, MN: The Minnesota Housing Finance Agency has recently announced a NEW down payment and closing cost assistance program coming soon called the "First-Generation Homebuyer Loan Program" that is [...]

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    What is a Mortgage Recast?

    What is a Mortgage Recast? Minneapolis, MN: Here in Minnesota where I am based, when you hear 'recast', you might think about casting a line for a big walleye, but actually, a mortgage recast is a little know tool that can allow you to potentially [...]

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    What's Up with Real Estate for week ending Dec 8, 2023

    More presents under the tree! Encouraging inflation and jobs data has helped push average 30-yr mortgage rates down to near 7%. In addition, the inventory of homes for sale has continued to rise. Improving affordability AND availability? What a nice[...]

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    Who is buying homes in today's market?

    Who is buying homes in today's market? Minneapolis, MN:  One thing we know about real estate.  It's forever changing, and always local.  Here are a few notable items from a recent survey from the National Association of REALTORS® At the [...]

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    Waiting for lower rates before buying a home?

    Minneapolis, MN:  We get it. Today's mortgage interest rates are bouncing around rates not seen for 20-years, causing many people to pause their home purchase plans.  Who can blame you.  But, is waiting costing you more money in the [...]

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    What is your home worth?

    Minneapolis, MN:  Everyone wonders what their home is worth, especially if you are thinking of selling the home in the near future. So what is your home worth, and how do you figure out it's value? If you are thinking of selling soon, reaching [...]

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    You CAN stop being a renter

    If you’re like many renters, you rent because you think you can’t afford a home. Maybe you don’t have down payment money or you think you simply won’t qualify for a loan. To make matters worse, you feel trapped within the [...]

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    Are Home Values Declining?

    There has been many predictions of a decline in home values because of higher mortgage interest rates, but it simply hasn't happened. Matter of fact. Home values just keep rising. For all you home buying and selling fence sitters, a bit of good news [...]

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    Mortgage rates hover near 7% for week ending June 15, 2023

    For the 4th time in 9 months, average 30-yr mortgage rates have moved near or above 7%. This despite: major progress on taming inflation, and the Fed 'skipping' a rate hike after 10 straight hikes of 500 bps in total. The bond market is behaving [...]

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