Three Steps — Then, in Reverse I don’t recall ever being confronted with 3(!) deadbolt locks before ” the case at an Edina duplex I showed recently. Figuring out which one worked is just one of the challenges that Buyers’ agents face.** First, they need to pop open the lockbox that contains all those keys....Read More
Post-Election Aftermath: Stock Market Boom, Bond Market Bust Overshadowed by all the political fallout the last week is the election’s effect on interest rates: up, quickly. According to Edina Mortgage’s Steve Mohabir, subsequent to the election, interest rates for a 30-year mortgage for well-qualified borrowers jumped a huge (“Yuge??“) 50 basis points, from 3.5% to over...Read More
Thanks, Keith!** From my Realtor’s perspective, credit consumers — specifically, home Buyers looking for a mortgage — place FAR too much emphasis on fees, and WAY too little on service, and the very real financial value of same. Call it, “missing the forest for the trees.” So, on average, to originate a $200k mortgage, a top...Read More
Keys, Keys, Keys I don’t recall ever being confronted with 3(!) deadbolt locks before — the case at an Edina duplex I showed earlier this week. Figuring out which one worked is just one of the challenges that Buyers’ agents face. First, they need to pop open the lockbox that contains all those keys. Step...Read More
Didn’t Lock? Wait, and Hope for the Best Nice piece exploring the potential fallout from this week’s dramatic spike in mortgage rates (Potential Consequences of 5.5% Mortgage Rates). Although I think it’s premature to entertain all the negative consequences — after all, it’s possible that rates may drop as quickly as they popped — the...Read More
