Same-O Same-O!

New day, same stuff.

Mortgage rates have stabilized in recent weeks and continue to linger just below 6.0% on the 30 year fixed rate mortgage.  But, for how much longer?

The days, weeks, and months are numbered.  There just are not a lot of market reasons to see mortgage rates moving lower anytime soon.  Browse my posts from the past few weeks for more foundation on this belief.

The spring/summer purchase market has arrived in Minnesota.  What will be?  From early signs I think we will see home sellers finally capitulate and drop prices to levels that ensure sales.  Unfortunately, the levels to make this happen wipe out the paper gains we've seen in our homes prices the past 3-6 years.  Ick!

Heads up!  For long-time readers that know my pursuits I've got something pretty exciting coming in about 60 days.  I so wish I could share it with you right now but we've got to put the final touches on it before making it public.

You'll be among the first to know, just have to wait another 60 days....

Brett