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Mortgage Rates Stay Low, Keep Buying Power High

A year ago at this time, 30-year fixed-rate mortgages dropped below 4 percent for the first time since Freddie Mac started reporting national average mortgage rates in 1971. Thirty-year rates have...

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The Market is Heating Up!

The housing market is cyclical like the stock market. It is driven by supply and demand. Housing supplies in the Twin Cities markets are the lowest they have been since 2003. The short supply has a...

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Interest Rates to Remain Low

Federal Open Market Committee Meeting Concludes – Stay the Course, Good for Housing‏ The statement published following the Federal Open Market Committee’s (FOMC) two day meeting had no surprises. The...

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Big Predictions for Housing for Next 2 Years

Home sales are projected to post some big gains in the next two years, according to Fannie Mae’s latest monthly economic outlook.  Fannie Mae economists predict that existing-home sales will rise by...

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It’s a seller’s market: Does that mean it’s not a good time to buy?

The housing market continues its robust recovery, and we’re being inundated with a term we haven’t heard in a while - seller’s market. It’s true; our extremely low inventory means that sellers are...

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New Homes Responsible for 20% of Total Economic Expansion

Over the last two years, home building has experienced significant growth, albeit off of low levels. And this expansion has added to overall growth of Gross Domestic Product (GDP). In fact, since the...

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Ideal Time to Buy or Sell

These current, extremely low interest rates won’t last.  Trends in the economy support several key factors regarding unemployment, interest rates, and home buying.   Consumers will see that declining...

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Study: Women Less Likely to Compromise on Ethics

Just one more reason to work with me on the sale or purchase of your next property… STUDY: WOMEN LESS LIKELY TO COMPROMISE ON ETHICS IN BUSINESS New research suggests that organizations looking to hire...

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Senators Urge FHFA Not to Change Loan Limits

Click to Download Letter 13 Senators last week sent a letter to FHFA Acting Director DeMarco urging him not to lower the Freddie Mac and Fannie Mae loan limits.  In August FHFA announced the intention...

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Affluent shoppers turn to ARMs to get low rates

Affluent home shoppers are willing to accept the risk of a jumbo adjustable-rate mortgage in order to lock in at a 2.5% interest rate. Per The Wall Street Journal: But borrowers are undeterred. During...

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