MN Mortgage Matters

Zero Down Home Loans in Maple Grove, MN Zero Down Home Loans in Maple Grove, MN are available for service members that qualify for a VA loan or if they want to drive a few miles up interstate 94 the general public can buy a home in Otsego with the USDA loan program as long as their income qualifi...

Lately when I talk to people they always ask "how are things in the real estate business?!?" This week the spring market officer began in my office with 5 pre-approvals written and 1 purchase aggreement on a previous pre-approval. Real Estate activity in Plymouth, MN is picking up in a big way. I...

Everyone out there has heard the scientific theory that "every action as an equal and opposite reaction" This could not be more true with the interest rate market or Mortgage backed securities right now as investors fearing the high oil prices and inflation are selling their stocks and moving mon...

Last quarter, as mortgage rates continued to make new, all-time lows through November, home ownership costs fell to their lowest levels in history. Since November, however, it's been a complete 180. Home Affordability Peaked 4 Months Ago According to the National Association of Home Builders' qu...

FANNIE MAE and Freddie Mac have been under constant pressure since the start of the housing collapse in 2007 and now their fate could be sealed as the new congresss holds hearings on how to move them off the US gov't list of red headed step children after funneling billions of dollars to keep the...

A lot of loan officers think that an FHA mortgage is the only way to go when it comes to high loan to value loan scenarios but as FHA starts to increase their monthly mortgage insurance premiums which will rise from .9% of the loan amount ($75/mo on 100K loan amount) currently to 1.15% of the loa...

FHA Mortgage Insurance Premiums in Wisconsin, Illinois, Minnesota and Florida Current FHA Mortgage Insurance Premiums: Effective August 4, 2010 FHA mortgage insurance premiums to change Effective April 18, 2011 The charts below illustrate the 25 basis points (bps) increase in the Annual Mortgage ...

March 1, 2011   As the spring market begins I would like to share a few thoughts and predictions to the rest of the year for the mortgage industry. Based on all the research I have done and on local market conditions I think we are very close to the bottom with real estate prices.  In 1994 I paid...