David's Blog

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Mortgage and Lending - Bay Equity - Bay Equity NMLS #76988
My blog will try to provide you insights into mortgage lending, my prospectives into the real estate market and general information. I provide this based upon my 39+ years in the real estate, building and now for the past 23 years the mortgage industry.



There's a wealth of information at your fingertips with the Guide including City of Maple Grove departments, contact information, boards and commissions, parks, transit, elections, police, fire and much more! Also included are listings for County, State, and Federal government (including contact...
It's that Time of the Season - Clean-Up Day Returns   Each year the city holds two clean up events in the spring and the fall.  Each event usually involves a curb side pick up day and a drop off day where items are accepted at the Public Works Facility from 8:00 a.m. to 12:00 noon.  Annual curbsi...
On the Road Again It's that time of the year - pothole and construction season in Minnesota. People are out and about more, and with snow melting away, potholes become more obvious and construction starts on various street projects. Potholes City Streets • Call 763-494-6370 to report hazardous o...
If you're in want of a cash out refinance, the most liberal cash-out program in town is about to make qualification more difficult.  Effective April 1, 2009, the FHA is reducing the maximum loan-to-value on cash-out refinances by 10 percent, dropping the loan size limit from 95% of the home's val...
The national housing market got its third piece of good news in 3 days: Monday:Existing Home Sales up. Tuesday:Home values appear higher nationally. Wednesday:New Home Sales up. And although national real estate statistics are irrelevant to the local markets in which real estate transactions happ...
Don't look now but oil prices are climbing. This should worry today's home buyers and would-be refinancers because some of the same forces that helped to push crude past $50 for the first time in 4 months also cause mortgage rates to rise. March 18, the Federal Reserve committed an additional $1....
Each month, the National Association of REALTORS® releases a study called the Existing Home Sales report.  It's a detailed look at "used" home sale data from all four regions of the country. Among the key findings of each Existing Home Sales report is something called the "median sales price", th...
Mortgage markets scored big gains last week, sparked by the Federal Reserve's pledge to buy $750 billion more mortgage-backed bonds in 2009.  Conforming mortgage rates fell on the week, overall. But Federal Reserve intervention wasn't the only good news for rate shoppers last week.  New evidence...
For the fifth time in a year, rate shoppers learned an important lesson this week: When mortgage rates plummet unexpectedly, they often recover just as fast. Wednesday, the Federal Reserve's newest $750 billion mortgage market pledge helped to push conforming mortgage rates near their lowest leve...
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today, within the target range of 0.000-0.250 percent.  This doesn't mean the Fed stood pat, however. On plan to resurrect the economy using "all available tools", today, the Fed announced a new, $1.5 trillion round of...

David Kosmecki

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