Sudden — & Unpredictable If major changes in interest rates are like seismic events, the “tremors” are intra-day mortgage rate changes. On a typical day, there are one or two; this Monday, there were six — all up. To be sure, the increments are small, and the current 30-year rate is (still) a historically low 3.75% (up...Read More
The last time I visited Indianapolis — on a business trip more than 25 years ago — I experienced an earthquake. At the time, though, it seemed like something had exploded in the basement of the Airport Hilton, where I was staying. Only the next day did news accounts make clear that there in fact had been...Read More
Blizzards & Tornadoes Suddenly Not So Daunting I’ve got to assume that I’m not the only area resident who suddenly feels a little less put upon by this season’s seemingly endless snow and winter. While the Twin Cities may suffer from blizzards and subzero temperatures — and areas abutting rivers habitually risk flooding, especially this year —...Read More
