Update: Current Mortgage Rates

May 13, 2014

When purchasing a home there are many factors to consider. One major factor, is mortgage rates. Mortgage rates are constantly in a state of ups and downs with weekly, if not daily changes. This is something to keep in mind and consider when you are thinking about purchasing a home and/or selling your current home.

In a recent Freddie Mac Primary Mortgage Survey, mortgage rates, for the week of April 17th on a 30 – year fixed mortgage were at 4.27% compared to 4.34% the week prior – still up from 3.42% in 2013. For a 15 – year fixed mortgage, rates fell from 3.38% to 3.33% – still up from 2.64% in 2013.

Speaking with a mortgage lender prior to looking for a home is very important. They are able to give you all of the information needed to make an informed decision on the current interest rates and how they will effect your monthly mortgage payment. They are also available to answer any questions you have regarding the lending side of purchasing a home.

If you or someone you know is thinking about buying a home and/or selling your current home, contact the Better Living Group today! We are here to provide you with information on purchasing a home and a free market analysis for the home you are considering to sell. The Better Living Group are Real Estate professionals in the Twin Cities and Greater Metro areas who are ready and able to assist with all of your Real Estate needs and goals and to provide only the best Real Estate service to all of our clients past, present and future.

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Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Open House /Real Estate News, Updates & Trends /

Just Listed – Coon Rapids SF Home

March 21, 2014

Our team, the Better Living Group at Keller Williams Classic Realty NW in Maple Grove, MN has just listed this beautifully updated single family home in Coon Rapids! This home has many wonderful amenities including a fully updated and renovated kitchen with stainless steel appliances and beautiful granite countertops, as well as a large center island for plenty of counter space.

This home features 3 bedrooms and two bathrooms, both of which have been remodeled. There are new utilities: furnace, water heater and water softener. Beautiful hard wood floors accompany this home along with a new sliding glass door on the upper level leading to the deck, which over looks a large pond. This pond can be utilized as an ice rink in the winter and great for sitting on the deck and watching the ducks and geese in the summer.

If you are interested in purchasing a home in the Coon Rapids area, contact me today for a private viewing of this wonderful home – you don’t want to miss this!

The Better Living Group are licensed Realtors in MN, working in the Twin Cities and greater Metro Areas and we’re dedicated to providing the very best service to all of our clients – past, present and future. We know the current market trends and have some fantastic and reputable lender referrals available, all who are ready and able to assist you in purchasing your new home.

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Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Open House /Real Estate News, Updates & Trends /

Update: Mortgage Interest Rates at Four Month Low

November 1, 2013

Due to the recent government shut down the mortgage industry has seen some changes, added with weak job numbers as a result of the shutdown, fixed mortgage rates are now at a four month low.

In July of this year we saw interest rates begin to rise with 30-year fixed rate mortgages go from 3.93% to 4.46%. This was the largest jump in interest rates at one given time since 1987. Now, since the shut down, we have seen rates drop from 4.28% to 4.13%. This is still quite a bit higher then last year, which was 3.41%, yet the rates are still low and affordable for many of us looking to purchase a new home.

If you are thinking about purchasing a home and/or need to sell your home, contact us today. We will go over current market trends and have some fantastic lender referrals available, all who are ready and able to assist you. My team and I are licensed Realtors in MN, working in the Twin Cities and greater Metro Areas and we’re dedicated to providing the very best service to all of our clients – past, present and future.

Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /

Home Buyers | Credit Scores & Down Payment Requirements Ease

October 16, 2013

If you are thinking about purchasing a home and are concerned about getting a loan due to what you’ve heard about and/or previously experienced when it comes to getting approved for a loan, it’s time to take another look.

A recent study by Housingwire, says that lenders are starting to ease up on borrowers. Lenders are beginning to approve more loans for those who have credit scores under 700. This is great news for all homebuyers who have some debt or discrepancies that held up the approval process in the past. Whether it is higher student loans, credit cards or a past short sale or foreclosure, you may now have the opportunity to purchase your new home, depending on your current credit score. The fact that lenders are easing up on requirements will make it easier for homebuyers to come in and get a loan to purchase the home of their dreams.

The Housingwire study also stated that banks have started to lend larger amounts of money while requiring a lower down payment. The minimum down payment for a Conventional loan could be as low as 3 to 5% and FHA is 3.5%, which is a low down payment for those who have cash flow, however, want to keep some of their nest egg in the bank.

If you are thinking about purchasing a home and/or need to sell your home, contact me today. We will go over current market trends and set you up with some fantastic lenders who are ready and able to assist you. I am a licensed Realtor in MN, working in the Twin Cities and greater Metro Areas and am dedicated to providing the very best service to all of my clients – past, present and future.

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Chelsea Knutson

Realtor- GRI, ABR, CDPE

763-496-2903

the Better Living Group

Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /

Showings: Homeowner Tips & Tricks

October 9, 2013

When selling your home, many Sellers ask how they should prepare when Buyers schedule a showing to walk through their house. Do I stage it? Do I put certain things away? There are many tips that we can give you when you are in the market to sell your home. In order to make the most amount of money in the most efficient amount of time, here are a couple of things to keep in mind.

First up, simplify. When your home is filled with all of your personal pictures and memories, it makes it harder for potential home buyers to walk through and picture themselves living out their future memories. Also, if there is just a few too many pieces of furniture to maneuver around, it will make it more difficult for the Buyers to see how large and useful the space will be for them. Clearing out and simplifying your house for sale will benefit both parties – as the Seller, you’ll be halfway done with packing before the sale, which will make your move less stressful and more enjoyable.

Second, the cleanest house always wins. Buyers will make an initial judgment about a home within the first few seconds of entering. Putting away your morning dishes, wiping down the main visible areas and vacuuming will benefit their initial reaction to entering your home. A clean and clutter free house is a great start to making the best out of selling your home.

If you are thinking about selling your home, or buying a home, give us a call. The market is hot, home prices are on the rise and interest rates are still historically low. We always want the best for our Buyers and Sellers and are readily available to help with all of your Real Estate goals and dreams.

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Chelsea Knutson

Realtor- GRI, ABR, CDPE

763-496-2903

the Better Living Group

Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /

JUST LISTED: Beautiful One 1/2 Story home on Upton Ave!

October 3, 2013

This charming one and a half story 3 bedroom, 2 bathroom home has just hit this hot Real Estate market! This home includes beautiful hard wood floors and an open floor plan throughout – great for entertaining guests! Also including a large two-tiered deck with a nice open yard. This home is close to nearby shopping, entertainment, freeway access and a hospital.

With properties going fast, you don’t want to miss this! Contact me today for a confidential showing of this lovely home in South Minneapolis near 62!

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Chelsea Knutson

Realtor- GRI, ABR, CDPE

763-496-2903

the Better Living Group

Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends / 1 Comment

Is Home Ownership better then Renting?

July 25, 2013 rent-vs-buy-a-home

Many people find the idea of purchasing a home a tough decision. They go through being a homeowner over and over in their heads, weighing the pros and cons. Some people have made the decision to purchase a home now, and yet may have student loans, high credit debt, or other factors that could affect their purchasing power. Others are unsure of what their payments may be or if they’ll be able to afford it with the current interest rates and other costs associated with a new home. These are questions that can easily be answered by speaking with your Loan Officer and local Realtor.

As a licensed Realtor in Minnesota and your local real estate economist in the Twin Cities Metro Areas, my team and I have found that if you were to rent a house in Plymouth (for example) the rental rates are typically ranging anywhere from $1,300 and up. You could also purchase a home in the $150,000’s and your average monthly payments would likely be around that very same price point (depending on the interest rate you lock in at and your specific lending needs). So by paying about the same amount being a homeowner, you would have the opportunity to gain equity and stake claim on the American dream.

All in all, if you can own a house for nearly the same monthly payments as if you were to rent, why wouldn’t you? What is stopping you from moving forward with your dreams? Putting the idea of purchasing a home on the back-burner could put off the process for longer then you may expect. So if you are renting and want to purchase, talk to a professional and find out what it takes to purchase your new home, today!

If you have any further questions on buying a new home, or selling a home, please contact me today. I am a licensed Real Estate Professional in the Twin Cities Metro and Greater Minnesota Areas and strive to provide the best real estate service, with the support of my team the Better Living Group, for all of my past, present and future clients.

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Chelsea Knutson
Realtor- GRI, ABR, CDPE
763-496-2903
the Better Living Group
Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends / 2 Comments

Fixed Rates for Mortgages sky rocket, the most since 1987

July 17, 2013

Three weeks ago the mortgage rates took a huge turn. A 30-year fixed rate mortgage went from 3.93% up to 4.46% in one week. Compared to last year when a 30-year mortgage was at 3.66%. The 15-year fixed rate went from 3.04% up to 3.5%. When last year the fixed rate for a 15-year mortgage was at 2.94%, this is a drastic change in a short period of time. This is the largest jump and change in interest rates since 1987.

A 30-year fixed rate mortgage is very common when taking out a loan on a house, so this increase will affect homebuyers. There is so much to look at when purchasing and or thinking about purchasing a home and current interest rates is at the top of the list. Because interest rates have such a major impact when purchasing a home, they have the power to change the potential buying power for current and future homebuyers.

When getting approved for a loan, many factors are reviewed which will give you a price range of what will be affordable for your lifestyle. Working in the interest rate will shift your “budget” lower or higher, depending on the rates at that time.

Due to the change and jump in mortgage interest rates, homebuyers will feel the affect on their monthly house payments compared to two weeks ago when the average interest rate was at about 3.75. Many people, including myself as a Licensed Realtor, will look at this with cautious eyes, and will keep watch on where they will go from here.

If you or someone you know has questions about moving forward with your new home purchase and/or are looking to see what your property value is in the current market – give us a call today! We have all the tools, experience and expanded referral list that you’ll need to move forward.

Posted in Real Estate News, Updates & Trends / 1 Comment