Pop quiz:  the consensus among mortgage lenders is that Hurricane Sandy will have the following effect on mortgage rates:

A. Up.
B. Down.
C. No change.

Answer:  C.

That opinion seems to be based on two factors: 1) Hurricane Katrina’s negligible effect on interest rates in 2005; 2) the Fed’s commitment to keep rates low . . . apparently forever (“QEternity”).

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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