Minnesota Mortgage Blog - Mortgage and Real Estate News You Can Use

2023 Spring Real Estate Market Is Different. Here’s What You Need to KnowMinneapolis, MN: It may not feel or look like spring in many areas yet, but as of Monday March 20th, it’s here! So does that mean the spring real estate market officially begins that day as well? Or does it kick off the week...

Minneapolis, MN: With the economy showing signs of recovery, employment patterns remaining strong and wages generally increasing...The average consumer's home buying budget has increased. Those factors, in combination with the fact that median home list prices have declined as of late, means that...

Are Mortgage Rates Just Back to Normal?According to a recent survey, a full 61% of Americans think that mortgage interest rates rates are "unprecedented."The thing is, mortgage rates aren’t actually the highest they’ve ever been; not even close, and it isn't too far a look back to see when they w...

Real Estate Supply and Demand.Minneapolis, MN: The current inventory of homes for sale remains at low levels, yet with higher interest rates and economic uncertainty, demand and price growth has slowed, but has not stopped. BASIC MARKET FORCES AT WORKBuyers previously stuck in bidding wars over a...

See your credit risk based on your credit scoreMinneapolis, MN: We all have credit scores, but do you know what your credit score tells creditors? It tells us your credit risk, and likelihood of the money not being paid back. Of course a high credit score is no guarantee of being paid back, just ...

Are you breaking the law? Minneapolis, MN:  As a real estate agent, you do a lot of things. From finding homes, showing homes, negotiating homes, and writing contracts. Without fail, one of those things pretty common in your daily life is getting questions about mortgage programs, and interest ra...

Minneapolis, MN. Real estate is ever changing.  Here are some things home buyers need to know as we enter the spring 2023 buying season.--- Cambria Mortgage, the Joe Metzler Team lends in MN, WI, IA, ND, SD. APPLY ONLINE Equal Housing Lender. NMLS 274132, 322798.  lends in the following states: M...

Think Home Loan Approval is Impossible?Minneapolis, MN: Do you believe getting a home loan is impossible? Maybe when pigs fly?Have you been waiting while saving for a down payment, only to see mortgage interest rates and home prices rise faster than you can save?Challenges can exist for a lot of ...

2023 Housing & Mortgage Market PredictionsMinneapolis, MN: Wow, what a ride the past three years have been.  From super low mortgage interest rates, crazy one day way over asking price multiple offers, to 40-year high inflation, highest mortgage rates in decades, and a bludgeoned housing market.T...

Thinking about buying a home today and not liking current mortgage interest rates? Buying a home at today's higher mortgage interest rates is still cheaper in many cases than overpaying during the bidding wars of 2020 and 2021 when there were lower interest rates. Cambria Mortgage, the Joe Metzl...