Posts By Joan Rusco
Location
Minnesota
Phone: 800-656-1160
Posts
There isn’t a week that goes by that we don’t have a Minnesota or North Dakota veteran contact us about refinancing. On too many occasions the news we have for them is not good. Here’s what we’re finding; they have good credit, good income and no equity.
“…even though we’ve seen some Minnesota VA mortgage rate rises in recent months they are still lower than last year.”
… who made these bad decisions? How about someone who made more money last year than you and your family will make in a lifetime.
Holy cow, look at that price recovery! The Case-Shiller index shows prices…up over 16%…and 11%. We are still believers in this country, this economy and most of all, the change that will inevitably come.
We have been urging our Minesota and North Dakota Veterans to make a decision soon…What’s happening in Washington will make VA loan rate increases impossible to avoid.
Excuse me home builders, but your bad news may be good news for Minnesota homeowners and VA loan seekers…We at VALoansMN believe this bloated supply of homes for sale and our historic low VA loan rates is presenting an opportunity that could be characterized as “once in a lifetime”.
The Fed doesn’t control interest rates but they can tell us what to expect. We at VALoansMN are watching the Fed very closely for a signal rates are going up on VA Loans in Minnesota and nationwide.
We hope for the sake of Minnesota veterans seeking to refinance or purchase a home with a VA Loan that the headline “Borrowers Pass Up Mortgage Windfall”…is inaccurate. We may not be doing a sufficient job of convincing our veterans that now be a waning time to buy or refinance using your VA loan at these historic rates.
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