A perspective on the Minneapolis/St. Paul housing market
A reader of this blog asked a good question this weekend: what happens to sales when rates rise?
This is an intriguing question. While I had my suspicions, I wasn’t sure what I would find so I put together this little image from Twin Cities MN Pending Sales and the 10 Year Treasury Note. While the 10yr [...]
In the last two weeks we’ve seen interest rates on 30 year fixed mortgages move from 4.5% to 5.5% (or higher) that’s a big OUCH. This full interest rate point swing has meant that almost overnight, buyers lost well over 10% of their buying power. Another way to look at it is housing just got [...]
This blog is written by Aaron Dickinson, a REALTOR with Edina Realty. Views expressed are the views of Aaron Dickinson and not of Edina Realty or any other organizations that Aaron is affiliated with.
Aaron Dickinson
Edina Realty
1-800-941-0959
Licensed in MN
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