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Minnesota Mortgage Rates
|Unlock Bank||4||30 Year Fixed||Jumbo||0.7 to 1||Show Phone Number||Learn More|
|Unlock Bank||2.25||5 Year ARM||Conforming||0.7 to 1||Show Phone Number||Learn More|
|Unlock Bank||2.75||15 Year Fixed||Conforming||0.7 to 1||Show Phone Number||Learn More|
|Unlock Bank||2.5||5 Year ARM||FHA||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||3||15 Year Fixed||Jumbo||0.7 to 1||Show Phone Number||Learn More|
|Unlock Bank||2.375||5 Year ARM||Jumbo||0.7 to 1||Show Phone Number||Learn More|
|Unlock Bank||2.75||15 Year Fixed||FHA||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||3.25||30 Year Fixed||FHA||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||3.75||30 Year Fixed||Conforming||0.7 to 1||Show Phone Number||Learn More|
By: Morris Newman | October 12th, 2012
The HARP 2.0 refinance program has an important role to play in helping the housing market recover and its end date should be extended to the end of 2013, a government lending regulator said this month.
HARP 2.0 is a government-backed refinance program that allows Minnesotans to re-fi “underwater” mortgages, or home loans in which the unpaid principal is higher than the market value of the home. Underwater mortgages are being closely watched by both the mortgage industry and banking regulators, because these loans are at greatest risk. Currently, an estimated 15 million American households are fall into this category..
Issued in mid-October, The Federal Home Finance Agency (FHFA) strategic plan for 2013-2017 repeatedly names HARP 2.0 as one of the tools that the agency intends to use to realize its goals. Those goals include keeping Fannie Mae and Freddie Mac “safe and sound,” preserving “stability, liquidity, and access in housing finance;” and preparing “for the future of housing finance in the United States.”
FHFA is the federal regulator that oversees Fannie Mae and Freddie Mac, the two federally chartered enterprises which buy the majority of home loans in America.
The new strategic plan says the regulator wants to develop new programs to keep people in their homes, and that “refinements” to the HARP program is part of that strategy. Since its enhancement in October 2011, HARP loans have grown steadily in volume, and currently represent about one in four of all mortgage refinances in America.
FreeRateUpdate.com surveys more than two dozen wholesale and direct lenders’ rate sheets to determine the most accurate mortgage rates available to well qualified consumers at about a 1 point origination fee.
Latest HARP Mortgage News March 7th, 2014
FHA Loans Present Window of Opportunity for Minnesotans
By: Morris Newman | October 12th, 2012
People in the market for mortgages are probably tired of hearing breathless advertisements about “now is the time to refinance!” and similar messages. Yet for people who bought their homes with FHA loans, there is more than an ounce of … Continue reading
Minnesota Real Estate Downturn Proves to Offer Silver Lining for Investors
By: Josh Manier | March 1st, 2010
MINNESOTA — Mar. 1, 2010 (FreeRateUpdate.com) - In every real estate down-turn, there are always opportunities present. While many with a bear market outlook on real estate are responding to the inherent economic data in existence over the past year which includes … Continue reading
Mortgage Interest Rates: Mortgage Interest Rates Effect Home Affordability
By: Josh Manier | February 22nd, 2010
MINNESOTA — Feb. 22, 2010 (FreeRateUpdate.com) - Due to low mortgage interest rates over the course of the past few years, little attention has been given to the affect of rising interest rates on the real estate market and the subsequent … Continue reading
MN Mortgage Rates: Self-directed IRA funds being used to renovate properties
By: Josh Manier | February 10th, 2010
Feb. 10 (FreeRateUpdate.com) MINNESOTA - Years ago self-directed IRA’s were merely a fringe group of entrepreneurial minded individuals looking to actively choose how their retirement funds were invested. Traditionally, most investors purchasing real estate in a self-directed IRA would purchase a … Continue reading