Minnesota Mortgage Blog - Mortgage and Real Estate News You Can Use

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Mortgage and Lending - Cambria Mortgage - NMLS 274132
Mortgage industry news and insights from a 15+ year industry expert. Mortgage and Real Estate News You Can Use



Minneapolis, MN: This isn't easy to say, but understand... rates are NOT going back down to where they were last month. Today's mortgage rates for the best customers at about 4.625%, but range up to above 5%, based on lender, credit score, program, down payment, etc.. Our quoted rates today are 1...
Minneapolis, MN: Yesterday the Federal Reserve "clarified" to everyone when it will likely end its economic stimulus program. This ended weeks of speculation that has caused mortgage rates to surge to the highest levels since 2011, and up over 1/2% in physical rate in the past two months. Based o...
Minneapolis, MN: With interest rates having moved up slightly recently, it is good to keep current mortgage rates in perspective. Here is a mini historic look at conventional 30-yr fixed loan rates In the early 1960's = 5.25% In June 1971, about 7.53% In June 1981, about 16.70% In June 1990, abou...
Underwater Mortgages Drop by 850,000 Minneapolis, MN: Millions of homes went underwater at the beginning of the real estate and mortgage crash. Underwater homes, where the owners own more on the mortgage loan than the home is currently worth, have been a thorny issue, preventing many people from...
Minneapolis, MN: The Minnesota and Wisconsin housing market for homes under $250,000 is hot... Good homes priced well are selling very quickly, and usually above the original asking price. I've run into this situation many time recently when buying a HUD home, so I thought I would address it here...
Minneapolis, MN: As mortgage interest rates fell to all-time lows earlier this year, even underwater homeowners were able to take advantage of refinancing through mortgage programs that do not require a property appraisal. No appraisal refinances make the refinance process easier than ever, espec...

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