Archive | August, 2010

Fixed rates still falling

According to Freddie mac, the average 30 year fixed rate loan has dropped yet again, to 4.49%. This is the lowest rate since they (Freedie Mac) started tracking rates back in ’71.

The 15 year fixed sank to 3.95% – down from 4. Again the lowest since tracking began.

That is six drops in seven weeks! Not sure how far it can go or if it will continue – but it certainly is good news if you are one of the lucky ones who are in a position to buy now. Unfortunatly that isn’t a lot of people right now.

Only around 1 1/2% increase in loan applications for home purchases – which is understandable because of the high unemployment and overall economic uncertaintly.

What does surprise me a little is that there was only a 1.3% increase in refinance applications. I would have thought with rates like that, there would be a lot of people who could benifit from refinancing.


Kelley Blue Book Used Vehicle Prices

MN auction inventories

What are you looking for?

We can probably point you in the right direction.
MN used trucks and cars