Although the $15,000 homebuyer tax credit for all buyers passed by the Senate on Tuesday was scaled back as part of a compromise in the economic stimulus package headed for...Read More
This can be a really exciting and scary time! I still remember walking out of our closing on our first home many years ago – we got in the car...Read More
Your credit report is very important when it comes to getting a mortgage. Now more than ever before, your credit score determines your interest rate and what kind of loan...Read More
It's a new year and we are hoping the housing market will turn around this year, but no one knows for sure!! There is a lot of talk about it...Read More
The 30 year fixed mortgage interest rates dropped to around 4.375% for qualifying borrowers. Rates may not have been this low in over 40 years. It is currently about ½%...Read More
Many homeowners who took out a Federal Housing Administration (FHA) mortgage in the last year or so are dropping their interest rates and monthly payments by doing a “streamline Refinance.”...Read More
I hope everyone had a fantastic Thanksgiving! Tuesday morning, November 25th, the Federal Reserve announced that they were going to purchase as much as $600 billion in debt and mortgage-backed...Read More
Federal Housing Administration (FHA) mortgages are decreasing the maximum loan size allowed to $318,550 in 2009, from $362,790 in 2008, within the greater Twin Cities metro market. This may reduce...Read More
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