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January 15, 2009

A Tale of Two Markets

Read Jim Buchta’s Articlein Today’s Star TribJim Buchta, the Star Tribune’s top real estate reporter, has an excellent article in today’s paper surveying the Twin Cities housing market (“Best Sellers: Foreclosures”). And I’m saying that not just because I’m quoted and served as background for the story. In particular, Buchta does a very nice job...
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Money’s Fungible . . Borrowers Aren’t

One Size, er, Rate Doesn’t Fit AllOne of the more noteworthy features of today’s mortgage market, besides greater volatility and generally declining rates, is the wide range in quoted interest rates. For sterling credit risks — credit scores in the high seven hundred’s or above, plenty of existing home equity (or a fat down payment,...
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