Twin Cities Real Estate Blog

A perspective on the Minneapolis/St. Paul housing market

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Tag: crystal ball

Will Rising Interest Rates Affect Home Sales in 2010?

4 January, 2010 (07:51) | Info for Buyers, Market Stats, Mortgage Rates, Opinion | By: Aaron Dickinson - Edina Realty

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 [...]

4.5% Interest Rates Hurt Housing

10 June, 2009 (12:28) | Community Issues, Info for Buyers, Info for Sellers, Market Stats, Mortgage Rates, Opinion | By: Aaron Dickinson - Edina Realty

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 [...]


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