1.15.2009 Minneapolis Minnesota Mortgage Daily Update: 4.75% yet TARP Questions Loom

1.15.2009

Thanks for visiting our Minneapolis Minnesota Mortgage Update blog hosted by Active Rain and Uptown Financial Corp. We are located in the heart of Uptown Minneapolis, near Lake Calhoun, Linden Hills and all the great restaurants!

Today is a wild day on the market---The new stimulus package has been revealed for $825B, the second half of the TARP funds are being opposed by Republican senate seats and apparently Bank of America is now requesting another 25B!!! Guess the only constant in this market is the BAD economic news that continues to swirl.

As for facts about where we stand right now for Mortgage Rates and Particular for Minnesota Mortgage Rates and Wisconsin Mortgage Rates.

Minnesota Mortgage Rates for a

30 yr. Fixed: 4.75% | 15 yr. Fixed 4.375%

Bond Market: Courtesy of CNN.com

http://money.cnn.com/markets/bondcenter/?

Holding Steady at 2.21% yield for the 10 yr. Treasury.

This is a great time to Refinance if you have the equity in your home. Should you be looking for more information about Mortgage Rates or Information about how to Build Equity in your home, please visit our website @ www.UptownFinancial.com or www.UptownMinneapolisMortgages.wordpress.com (Daily Updates).

Take Care,

Ben Coulter | Uptown Financial Corp.

Ben@UptownFinancial.com | 612.216.1388