Last week ended with such horrendous news in California that it was a blessed relief how in at least one narrow slice of the news—one of interest to St. Cloud house hunters, among others—there was blessedly very little worrisome to report. Against the grim reality of how November 2018 was beginning in other areas of the news, St. Cloud house hunters could relax for a moment.
This quiet corner of the public space was in what for house-hunters is an area of key concern—the slice of the financial sector focused on home loan originators and the residential mortgage market. The news from that quarter was, in brief, not much news.
The Tuesday election had held a high likelihood of affecting credit markets, and thus, mortgage interest rates. It’s usually true, and The Mortgage News Daily thought that the quiet on Monday “suggests traders are waiting to see if other traders care about the election results.” As it turned out, at least by Wednesday, they didn’t.
The MND predicted “Probably One More Day of Waiting for any Election Impact,” but it turned out to be a longer wait than that. On Wednesday a Federal Reserve Board Statement was scheduled for release. Days like that are known in the industry as “Fed Days”—they usually move rates. But what resulted, according to Mortgage News, was only “movement…that looked small if viewed by anything less powerful than a microscope.”
And so it went. St. Cloud mortgage rates remained in historically lower-than-average territory when you take the past 40 years into account. Such good news for St. Cloud house hunters looked to remain the case for a little while. As the week closed, the Mortgage News lead headline was “Mortgage Rates Steady Ahead of Holiday Weekend.” Especially compared with the rest of the news, it was a no news/good news situation.
In the meanwhile, for any and all your St. Cloud real estate needs, I hope you’ll remember to give me a call!
Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota. From Maple Grove to St. Cloud, we have professional Realtors ready to assist! Residential & Commercial Real Estate, Sauk Rapids Real Estate, Sartell Real Estate, Waite Park Real Estate, Rice Real Estate, St. Joe Real Estate, Foley Real Estate. Milaca Real Estate, Litchfield, Maple Grove and surrounding communities. Whether you're looking at buying or selling home in St. Cloud, multi-family units in Sauk Rapids, land in Rockville or any property in Central Minnesota, we are the dedicated professionals to call for your needs. Premier Real Estate Services has offices located in St. Cloud, Milaca, Litchfield, Hutchinson, and Maple Grove. We intend to be your PREMIER source for all your Central Minnesota Real Estate Needs.
If “downsizing” figures large as a goal many St. Cloud homeowners
"With so many things to be grateful for, this is the perfect time of the year to express my gratitude to you.
Thank you so much for all the time, consideration, caring and professionalism that we experienced working with you through the purchase of the new home and the sale of the old one. You have a gift and we are so lucky to have had you with us on this journey.
As the holidays move forward, may you have lots of love, laughter and joy with a new year blessed with abundance.