Minnesota mortgage rates have moved up significantly over the past two weeks. Below is a day by day history of 30 year fixed Minnesota mortgage rates for the week ending Friday, June 13th.
Monday = 6.375% apr = 6.623%
Tuesday, = 6.375% apr = 6.623%
Wednesday = 6.375% apr = 6.623%
Thursday = 6.50% apr = 6.746%
Friday = 6.625% apr = 6.937%
These Minnesota mortgage rates are brought to you by Metropolitan Financial Mortgage Company, a Minnesota mortgage broker in Richfield and represent the rates from one of our mortgage lenders.
For a current Minnesota mortgage rate quote, call Ken Horst at 612-251-8237
To see all the mls listings in Minnesota and in 230 other cities in the US, visit www.mlsmaps.com
Saturday, June 14, 2008
Friday, June 6, 2008
Minnesota Mortgage Brokers Numbers Dwindling
A recent article on StarTribune.com highlighted the plight of the yellow bellied Blue Jay and other rare breeds of life including the Minnesota Mortgage Broker. Acorrding to the article, the number of Minnesota mortgage brokers have dropped from 4,000 in 2007 to 1,319 today. Sightings are down for both of these but it appears that the Minnesota Mortgage Broker is still more prevalent.
Whew! Thank God for that because I am a Minnesota mortgage broker and the thought of extinction makes me nervous. After all, who else would work tirelessly to find their clients the lowest rates on mortgages or discount closing costs? Who else would be able to shop for the best rate from a list of lenders including Countrywide and Wells Fargo? Who else answers their phone what seems like 24 hours a day to answer questions from clients, Realtors, first time home buyers and other interested parties. Who else runs their business like an owner knowing they are 100% responsible for the results and making sure they have put together a team of professionals who can contribute to the goal of exceeding client expectations so as to keep their small business healthy and be able to offer mortgages at more competitive rates and costs than some of the countries biggest lenders?
So what exactly did Minnesota do for people looking for a mortgage? They made it easier for the honest, hardworking small Minnesota Mortgage Broker to be found by running out all the crooks, there by protecting the People of Minnesota from evil doers in the mortgage industry. It's funny to me how the larger percentage of Minnesota home owners and home buyers were able to sniff out and avoid these crooks without any government intervention. It's also good to know that with or without Minnesota's effort to save the people, even though they did it after the horse was out of the barn, the good people on Wall Street and investors all over the world had already taken care of a majority of the mortgage debacle by refusing to buy certain types of risky mortgages.
Thanks Minnesota and thanks to all the home owners and home buyers in Minnesota who have trusted me with their mortgage transactions over the past 6 years.
Whew! Thank God for that because I am a Minnesota mortgage broker and the thought of extinction makes me nervous. After all, who else would work tirelessly to find their clients the lowest rates on mortgages or discount closing costs? Who else would be able to shop for the best rate from a list of lenders including Countrywide and Wells Fargo? Who else answers their phone what seems like 24 hours a day to answer questions from clients, Realtors, first time home buyers and other interested parties. Who else runs their business like an owner knowing they are 100% responsible for the results and making sure they have put together a team of professionals who can contribute to the goal of exceeding client expectations so as to keep their small business healthy and be able to offer mortgages at more competitive rates and costs than some of the countries biggest lenders?
So what exactly did Minnesota do for people looking for a mortgage? They made it easier for the honest, hardworking small Minnesota Mortgage Broker to be found by running out all the crooks, there by protecting the People of Minnesota from evil doers in the mortgage industry. It's funny to me how the larger percentage of Minnesota home owners and home buyers were able to sniff out and avoid these crooks without any government intervention. It's also good to know that with or without Minnesota's effort to save the people, even though they did it after the horse was out of the barn, the good people on Wall Street and investors all over the world had already taken care of a majority of the mortgage debacle by refusing to buy certain types of risky mortgages.
Thanks Minnesota and thanks to all the home owners and home buyers in Minnesota who have trusted me with their mortgage transactions over the past 6 years.
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