Sister and Brother Team Kristin Rial & Steve Rial - Edina Realty

Kristin Rial and Steve Rial, Serving The Twin Cities Metropolitan Area

Mortgage Rated Lowest in 50 Years!

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What this means for you:

Buyers –

Lower rates boost your
buying power

When rates drop 1%, you can buy
almost 10% more home in price.

Sellers

Lower rates boost home
affordability, bringing more home buyers
into the market

Home affordability is at its highest in the
Twin Cities since 1990, according to the
Minneapolis Area Association of Realtors®.

Owners

Lower rates could mean
lower monthly payments

Consider refinancing into an FHA mortgage,
which can be assumable to a buyer when
you sell your home.

Mortgage Rates

5.125%

5.251%

Conventional
30-Year Fixed

APR

5.375%

5.450%

FHA
30-Year Fixed

APR

Rates fluctuate daily.
Click for current rates.

Rates as of 1/28/09 | Assumptions 3:44:00 PM CST

CASA program and affordable housing

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I stand corrected.  Fellow blogger and Edina Realty agent Aaron Dickinson caught an error in a previous post I made about the CASA program.   Thanks Aaron!

Here is the correct info:

If you are interested in information on loan program that helps low to moderate income Minnesotans buy affordable housing check out www.mnhousing.gov now.  Of particular interest is the Community Activity Set Aside (CASA) program for first time homebuyer.   The CASA program offers affordable, low, fixed interest rates to eligible homebuyers through lenders participating in initiatives in several communities around the state.  Edina Realty Mortgage is a participating lender.

For further information contact:

Robyn Kellogg

Edina Realty Mortgage – Eden Prairie

1800 Singletree Ln Ste 401 – Eden Prairie , MN 55344

Phone: (952) 947-036

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