The way the media treated last month's federal funds rate announcement by the Federal Reserve Board was a convincing demonstration of how much importance is placed on that singular piece of the financial puzzle. That rate may not be directly tied to Lakeville Mn mortgage interest rates, but since it determines lenders’ borrowing costs, its effect is considerable.
This week of 8.24 - 8.28.2015 was a head-swiveling version of a follow-the-dots puzzle, for those who keep tabs, national news related to Twin Cities real estate. Children like following the numbered dots to reveal a picture. You can’t be sure what it will turn out to look like until the end. This month was a lot like that:
Lakeville Mn area’s real estate picture usually differs little from that of the nation as a whole. The latest rumblings from the mass media and web continue to bolster the picture of rising values and quickening activity—a sweet story with nary a sour note. In fact the unanimity of voices from almost every corner of the country is a story in itself. There was just one exception.