Kevin Nguyen

Contact Kevin

Branch Manager / Sr. Mortgage Consultant
800.815.1945 ext. 3624
916.469.3624 Direct
916.496.3520 Assistant
925.759.3376 Mobile/Text Messages
916.258.0702 Fax

Mortgage Glossary

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Featured Posts

Tips To Close Your Home Loan Faster, With Fewer Hassles

With mortgage rates at all-time lows, purchase and refinance activity is climbing. Home sales are at their highest levels since May 2010 as home buyers take advantage of favorable economic conditions. Home prices are low, household income is rising, and rents are up in many U.S. cities. Low rates have stoked mortgage refinance applications throughout Minnesota , too. Last week, with 30-year fixed rate mortgage rates slipping to 3.36% nationwide, on average, more U.S. homeowners were in search of … [Read More...]

103 Metro Areas On The “Improving” U.S. Markets List

It's not just the housing market that's improving nationwide -- it's the economy overall. The number of U.S. metropolitan areas showing "measurable and sustained growth" climbed to 103 this month. The data is measured by the Improving Markets Index, a monthly metric from the National Association of Homebuilders. The Improving Market Index is meant to identify which U.S. markets are experiencing broad economic growth -- not just growth in terms of housing. The index's conclusions are based on … [Read More...]

What’s Ahead For Mortgage Rates This Week : October 9, 2012

Mortgage markets worsened last week for the first time in a month as the U.S. economy showed signs of improvement, and the Eurozone stepped closer to launching its $500 billion euro rescue fund. Conforming mortgage rates in Minnesota rose last week on the whole -- even though Freddie Mac's Primary Mortgage Market Survey proclaimed that they fell.  This occurred because Freddie Mac's weekly mortgage rate survey is conducted between Monday and Tuesday each week and, last week, mortgage rates … [Read More...]

Fed Minutes Detail QE3 Discussion; Mortgage Rates Down

The minutes from the Federal Reserve's September Federal Open Market Committee meeting were released Thursday. The Fed Minutes detail the discussions and debates which shaped the central banker's launch of its third round of qualitative easing since 2008. The minutes also give Wall Street insight into future monetary policy. At 6,987 words, the Fed Minutes provides a level of detail that was unavailable via the FOMC's post-meeting press release, a documen that, by contrast, ran 562 … [Read More...]

With Tomorrow’s Job Report Due, Mortgage Rates May Finally Rise

It's a dangerous time for home buyers in Minneapolis to be without a locked mortgage rate. Friday morning, at 8:30 AM ET, the government releases its Non-Farm Payrolls report for September. More well-known as "the jobs report", Non-Farm Payrolls data has the power to move mortgage rates up or down. Unfortunately, ahead of the release, we can't know which. Last year, job growth more than doubled between August and September. If this year shows that same growth, Illinois mortgage rates are … [Read More...]

How To Help Your Home Appraise At Its Fair Market Value

Home values are rising in many U.S. markets. The S&P/Case-Shiller Index has home values up 1.2 percent as compared to last year, and the government's Home Price Index shows an increase of 3.7 percent. This has been partially evidenced by rising median home sales prices nationwide. Versus last year, the median sale price of a new construction home has climbed 17 percent, and the median sale price of an existing home sale is higher by 10 percent. For home sellers, an improving market … [Read More...]