Archive for 'Mortgage Rates' Category
Declining Market Appraisals - The End of 100% Financing
2 January 2008If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!More and more, I am hearing about appraisals that are coming back with notations from the appraiser that the property is in a “declining market.”
Unfortunately there is no set-in-stone definition for what is or is not a declining market. What’s [...]
Twin Cities Real Estate Affordability Hits 34 Month High
10 December 2007The Minneapolis Area Association of REALTORS released their weekly market report today with new Housing Affordability Index numbers for December 2007. The HAI of 141 is the highest we’ve seen in the Twin Cities since February 2005… nearly 3 years ago. Falling mortgage rates, with many brokers quoting under 6% for a 30-year fixed), and [...]
Lack of 1st Time Buyers Hurting Twin Cities Market
12 September 2007MAAR just released some statistics for August 2007. Below you will find a chart showing a comparison of housing supply between August 2006 and August 2007. While the higher price points have the most months’ supply, the lower price points have seen the highest percentage increase in months’ supply over the last year.
What does this mean? [...]
Weekend Mortgage Rates
24 August 2007Weekend Rates
08/24/2007-08/27/2007
Rates are effective until 9:30 AM on Monday
Conventional
15 Year Fixed 5.875-6.125%
30 Year Fixed 6.25-6.50%
40 Year Fixed 6.50-6.75%
7/1 ARM 6.625-7.00%
CDMP - 100%, No MI
30 Year Fixed 6.750%
[...]
Weekend Mortgage Rates
3 August 2007