Monthly Archives: October 2010
Record Low Interest Rates Can Mean Large Long Term Savings
Interest rates continue to hit lows not seen in 40 years. With interest rates just above 4%, the savings over the course of a 30 year fixed mortgage are remarkable. Combined with high levels of housing inventory for sale and … Read more >
Monthly Market Update for Rochester, MN
Although historically low interest rates haven’t been able to counteract the effect of the contracted economy, the positive news in the real estate market is that it continues to plug along. There were 104 signed contracts on Rochester area residential … Read more >
Monday Morning Market Update for Rochester, MN
The last week of September saw pending listings and closings remaining fairly steady from a week earlier with new listings up 33% over the previous week. Nevertheless, closings were less than half as many for the same time last year; … Read more >
