Why a Fed Rate Hike Won’t Affect Mortgage Rates in the Short Term

Normal media channels do a terrible job of explaining what affects mortgage interest rates. And rest assured, every time the Fed talks about or raises interest rates, the cable news networks start shrieking about how mortgage rates are going up in a cloud of their own ignorance.  An appetite for investors to buy Mortgage Backed Securities (MBS) and US Treasury Notes, particularly the 10 Year Treasury Note (10 Year UST), are in fact the driving factors of mortgage rates and that appetite continues to be healthy.  When people invest in Treasuries and MBS, the yields drop and when their yields …

Top Three Reasons to Feel Good About Buying a Home in the Twin Cities

It doesn’t happen very often where, in a compact period of time, I see a wealth of reliable data released that shed such sunny light on the decision to buy a home in the Twin Cities but lately that has been the case.  If you’ve been contemplating such a decision, here are 3 great reasons to feel good about your decision and its timing in ascending order. Reason 3: CNBC Ranks Minnesota as a Top State for Business. CNBC’s announcement may seem boring, and it definitely is, but from the perspective of a homebuyer or homeowner, it’s critical.  This is …

Your Rental Rate: Too High, Too Low – Rent vs Own Home Calculator

Every time we read an article online about taking a more analytical approach to deciding whether or not to buy a home, you’ll always get comments about how “personal” or “emotional” the decision is but if you’ve found this page, that’s not why you’re here.  You’re looking for a “left brain” experience and you’re going to get it. When analyzing a decision on a move, it’s important to know the variables, have all the tools and take the whole decision under consideration.  It can be frustrating poking around all over the internet to find these facts, tools and calculators so …