Ferndale North (Plymouth, MN)
By David Kosmecki
(American Pacific Mortgage)
30-year fixed rate mortgage rates made new, all-time lows once again this week. According to Freddie Mac's weekly mortgage rate survey of more than 125 banks nationwide, the average 30-year fixed rate mortgage rate fell 4 basis point to 3.62% nationwide. The rate is available to conforming, prime borrowers. A "prime" mortgage applicant typically has excellent credit, verifiable income, and at least 25% equity in their home. And, it's not just the 30-year fixed rate mortgage that made new lows in this holiday-shortened week, either. The 15-year fixed rate mortgage did, too, falling 5 basis points to 2.89%, on average. Today's low rates are terrific for both home buyers throughout Minnesota and existing homeowners looking to make a refinance. As compared last year at this time, mortgage r...
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Hello Minnesota Real Estate Owners!   Trying to find ways to make your Minnesota Real Estate property more energy efficient?  Here are some great tips and ideas to help you reduce energy costs throughout each room in your new home! By starting out with some basic things you can do as a Minnesota homeowner, you can save money any season of the year.    The kitchen is a great place to start, specifically the refrigerator.  Always make sure the door closes!  Making sure the magnetic door seals tightly will add up in the end.  Also making sure the on/off switch works properly by checking it once a month. This will get rid of some of the guess work of operation.  Another helpful tip with the refrigerator that people don't realize, is to vacuum the refrigerator condenser coil frequently.  The...
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Plymouth, MN Real Estate Professionals