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4.75% Interest Rates Possible Now!

After Tuesday's Federal Reserve interest rate cut, mortgage rates dropped more than I thought possible just two weeks ago.  I had a buyer lock in a 30 year fixed rate at 4.75%!  That is simply unbelievable... With rates having dropped from 6.25% a few months ago to 4.75% - 5% today, buyers with a loan amount of $200,000 would save up to $188 per month!  Their other option would be to"step up" their home search since this rate reduction has increased their purchasing power by a substantial $36,000 and keep the … [Read more...]


TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.