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Minnesota Mortgage Rates News

30-year mortgage rates drop to record 3.89 pct.

Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the rates.

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Michael Foods widens egg recall

MINNETONKA, Minn. (AP) — A Minnesota food company is widening its recall of hard-cooked eggs because of a potential for listeria contamination. Michael Foods, of Minnetonka, is recalling eggs in brine sold in 10- and 25-pound pails for institutional use in 34 states.

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Rate on 30-year mortgage falls to record 3.87 pct.

The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.

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Suspects in 14-state, $2M identity-theft ring face judges

Suspects in a $2 million identity-theft ring that involves more than 100 people began appearing in federal courtrooms in the Twin Cities this week to face charges.

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Two Harbors Investment Corp. Reports Fourth Quarter 2011 Financial Results

Two Harbors Investment Corp. , a real estate investment trust that invests in residential mortgage-backed securities , residential mortgage loan

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