Late to the party but better late than never, the Federal Reserve announced yesterday that they were purchasing up to $600 billion in mortgage related debt, $500 billion going towards “direct obligations” in government sponsored enterprises (GSE) and mortgage backed securities (MBS) from Fannie Mae, Freddie Mac and Ginne Mae. This is widely seen as [...]
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Twin Cities Mortgage Rates Plummet
Filed Under: Mortgage/Finance, National News Tagged With: Mortgage/Finance
Smash the debt before you buy a Twin Cities house!
photo credit: Andres Rueda Now more than ever Especially for people that more willing and able to buy a home these days (you might be surprised by this), now more than ever by lenders. Paying off debt has always been smart money management, but one might argue that renting is never good as well. Truthfully [...]
Filed Under: Buying, Mortgage/Finance, Twin Cities Real Estate Tagged With: Mortgage/Finance
Rate Lock and Shop

Photo Cred So if you waiting to buy a home for prices to fall just a little bit farther, you might have ran into a double edged sword. Interest rates are creeping up and it’s hard to know when they might stop. With just about everything increasing in prices, interest rate hikes is not when [...]
Filed Under: Buying, Mortgage/Finance, Real Estate Tagged With: Home Buyers, Mortgage/Finance, Real Estate



