mortgage rates: Mortgage Rates Might Not Be Low for Long - 05/29/10 04:45 AM
Daily Real Estate News  |  May 28, 2010The near-record low mortgage rates seen during the past few weeks may not be around much longer.Signs of improving economic conditions could lead Federal Reserve Chair Ben Bernanke to raise key interest rates, driving up mortgage rates, says Stephen Stanley, chief economist at Pierpont Securities LLC.The evidence includes more consumers are paying their bills on time. Past-due accounts at American Express declined 34 percent compared to a year ago, and Target Corp. reported its lowest delinquency rate in two years during the second quarter.In another sign of economic improvement, fewer banks reported tightening lending standards this … (0 comments)

mortgage rates: Mortgage Rates Bound to Rise This Year - 01/27/10 03:54 PM
The Federal Government has spent nearly a trillion dollars over the last year to keep mortgage rates low. As of March 31st that participation will end undoubtedly sending rates higher. The imminent increase in rates coupled with the expiration of the up to $8000 tax credit for home buyers and ever rising foreclosures are all likely to spell trouble for the housing market for the rest of 2010 and most likely well into 2011. Add on the further changes to mortgage qualifications, higher required down payments, less people gainfully employed, the expiration this year of the tax cuts, and it may be a couple of presidential elections … (2 comments)

Pete Shrader (Renters Warehouse)

Pete Shrader

Savage, MN

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Renters Warehouse

Address: 8160 County Rd 42, #300-245, Savage, MN, 55378

Mobile: (952) 292-0285

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Fill your rental properties in about 17 days. No fees upfront, no cancellation fees. We warrant our placed tenants for up to 9 months!



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