Sherri 's Blog

If your clients are inquiring about the Federal Funds Rate cut on Tuesday here is some information that can help you explain what it is and how it does/doesn't affect mortgage rates.   1.  When the Feds cut the Federal Funds Rate, it does not mean that they are cutting mortgage interest rates.  T...

Yesterday, Jon Zolsky asked me how he could find out if his area (Daytona Beach, FL) is also in a Declining Market.  On my previous post, Is Your City in a "Declining Market"??  I talked about the fact that Minnesota has just been added to that glorious roster.  Yes, I am being quite sarcastic, a...

There has been much disturbance currently about the consequences of the designation of Minnesota and the 11 county Twin Cities Metro area (as well as Pierce and St Croix counties in WI) as a "Declining Market".  Yes, our state recently "earned" that label.  Along with this designation comes more ...

Have a Terrific Holiday Season,Sherri SherpyMN Mortgage Mom

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 li...

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 abu...

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 ...

THE POWER OF A TESTIMONIAL In my opinion, a testimonial is the strongest marketing tool you can use that provides the biggest returns and guaranteed to increase your business.Think about it, consumers are attracted to people and places that come highly recommended.  For all of us in a sales caree...

This industry has gone, well, let's just say, completely bonkers.  With mortgage guidelines changing almost on a daily basis, it's hard for even the seasoned professional to keep up.  Buyers who were approved just 6 months ago, now may be ineligible due to tighter lending restrictions.Now let's a...