mn mortgage: Are Mortgage Rates Going Down? How Low Will They Go? - 01/21/09 10:43 PM
If there is one question that I get asked the most, it is "Sherri, how low will mortgage rates go?" Or another version, "Will interest rates go down further?"
Let me start by saying, THAT is the million dollar question. In the last 3 weeks, I have seen 30 year fixed … (2 comments)
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mn mortgage: What? Mortgage Rates Go Up When They Are Going Down? - 01/20/09 09:43 AM
Mortgage Rate confusion!!
Here's the question...how low will rates eventually go? This is an interesting question to say the least, in the current times. We are currently experiencing a refinance boom in this country. That's the good news. The bad news: It is expected that at least 50% of all those interest rate … (3 comments)
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mn mortgage: Veterans' Refinances Get A Reprieve From A Declining Housing Market - 01/03/09 09:56 AM
When many of us cannot refinance to take advantage of the historical, low rates due to declining values,
Veterans are afforded some relief. As they should be!
If you currently have a VA loan, you are in luck.
Consider this:
NO APPRAISAL NEEDED. It does not matter what the current value of … (1 comments)
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mn mortgage: FIRST TIME HOMEBUYERS...What You Need To Know - 08/10/08 12:37 AM
First Time Homebuyers are my niche...they are the lifeblood to my Twin Cities mortgage business. I love working with them because I can be a coach, a nurturer and a great knowledge base to learn from.
I've been told that I am a great teacher. And mortgages are what I know … (2 comments)
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mn mortgage: Twin Cities Mortgage - 03/11/08 11:35 AM
Monday, March 10, 2008
Treasury bonds finally got a much needed break on Monday and long-term mortgage rates reacted favorably.
Even though rates crept up last week, let's put this into perspective. Remember the 80's? (Okay, maybe I am dating myself...yes, I realize that many of you were still in diapers.)
Nonetheless, there were … (0 comments)
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mn mortgage: Twin Cities Mortgage - 03/06/08 07:04 PM
March 6, 2008
To all my readers, I want to say thank you for the kind words and shared laughs regarding my stories that I include from time-to-time. I'm glad I can make you smile! Here is my latest...
For those of you who know me, I am a VERY down to earth person. … (0 comments)
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mn mortgage: Twin Cities Mortgage - 03/04/08 04:00 PM
March 4, 2008
I hope you took my advice from Monday and locked your mortgage interest rate. Today has been a bad scene on the secondary markets.
Didn't get in on time while rates were below 6%? Call me and I will see what I can get for you. That's the beauty of … (0 comments)
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mn mortgage: Nehemiah's (Down Payment Assistance) Court Victory!!! - 03/04/08 09:46 AM
Directly from Scott Syphax, President and CEO of Nehemiah:
… (3 comments)
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mn mortgage: Twin Cities Mortgage - 03/03/08 02:10 PM
Monday, March 3, 2008
Today has been a quiet day for interest rates. Mortgage rates have remained unchanged since last Friday. However, industry leaders are edging toward a "lock" recommendation, as this week may be prove to be volitile.
My clients ask me every day, "Should I lock or float?" And my … (0 comments)
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mn mortgage: Twin Cities Mortgage - 02/29/08 09:45 PM
February 29, 2008
It was a good day for interest rates.
Treasuries rallied as the stock market continued to plummet, thanks to a weaker than expected GDP. The economy barely moved and jobless claims rose. All of this "doom and gloom" gave rise to treasury prices and mortgage interest rates celebrated.
And it was … (0 comments)
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mn mortgage: Comparing Mortgage Lenders - 02/09/08 01:25 AM
Mortgages are a science. And for the average consumer, mortgages ARE rocket science.
Without "being in the industry", how does one compare a Mortgage Lender to the next? For that matter, where do you even begin?
With the Good Faith Estimate
Ask for it, request it and heck, demand it if you have to! … (0 comments)
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mn mortgage: Mortgage Brokers' Exodus - 12/18/07 08:35 PM
Very interesting article on the exiting of MN Mortgage Originators. Personally, I am quite happy...I've always thought there was too much "riff raff" in the first place! My belief is that many of these leaving the industry are those that got into it in the first place for the fast buck, with … (5 comments)
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mn mortgage: The Fed Is Stepping In...The Good, Bad & Ugly...And of Course, My Two Cents - 12/18/07 09:28 AM
Today, the Federal Reserve is set to propose a new set of regulatory rules to crack down on abusive lending and protect homebuyers from predatory lending.
The proposal will address many issues:
Not allowing lenders to give homebuyers loans they cannot afford: In the past, lenders have used and abused ARM loans that begin with a … (4 comments)
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mn mortgage: Washington and Ramsey County Homes Supporting Schools - 12/17/07 03:30 PM
Cash Donations.....
Made Easy!!
As a member of the community, I am very excited to share a new program to financially assist our schools.
With 2 daughters of my own, I have a great interest in helping our schools to succeed. With federal and state cuts, I am sad to see the sacrifices … (0 comments)
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