What’s up (or down) with these interest rates? 

June 2019 News

News and Tips from Dunn Realty Group

Market Update

What’s up (or down) with these interest rates? 
Interest rates have gone down again to the surprise of most market watchers. Home prices are rising at a slower rate as well, making home purchasing a more viable option for many by giving buyers more purchasing power.

It’s also a good time to look at refinancing if your mortgage rate is over 4.5%. We can connect you with a number of excellent mortgage specialists who can help you evaluate the right option for you!

What’s behind these mortgage rates?
The 10 year treasury yield has been declining, now below the 3 month yields. This causes an inverted yield curve, which normally indicates an impending recession. There is a bigger discussion going on as to whether the changes to the 10 year treasury yield are pointing toward a recession. If you’re wondering what all of this means, here’s an article that explains it.

News and Tips

Have you ever had a bill from Xcel that was less than $14?
Many of you know the Dunn household went solar late last year. Just like the rest of you we wondered if our investment would actually have a solid return. We were excitedly waiting for our energy bills to arrive.  In April, we were shocked when our bill was only $52 and most of that was for gas (we love to use our gas fireplace!). We thought maybe there was a mistake so we didn’t want to get too excited. But then the May bill arrived and it was $13.52!! On top of that, we received a federal tax rebate of 30% of our investment. 2019 is looking to be the last year for that rebate, so if you are at all interested in seeing if solar is right for you, let us know and we will connect you to the experts who helped us.
 

Highland Business Association Executive Director Search
The Highland Business Association is seeking an Executive Director! HBA is committed to promoting, representing and supporting the Highland Park Business Community. If you or someone you know may be interested in this exciting role, take a look at the job description. Contact Board President Jennifer Dunn atjennifer@dunnrealtygroupmn.com if you’re interested and can’t make the June 7 deadline

New Listings

It’s going to be a busy summer at Dunn Realty Group! Watch our Facebook page for exciting new listings and other updates!

Get Out of the House!

Check out these fun events happening around town in June!

 

June 8: West End Neighbors’ Garden Tour and Plant Sale
974 W 7th St, St. Paul
Learn about the gardens and history of the neighborhoods of Jefferson Avenue to Fort Snelling, between West 7th Street and the Mississippi River. Learn more.

June 8 – July 7: Summit Avenue Walking Tour
Summit Avenue, St. Paul
Take a 90-minute walking tour of the Summit Avenue neighborhood, named one of America’s “Great Streets.” The tour highlights the Gilded Age mansions that line the elite avenue and the people who owned them and built them. Learn more.

June 14 – 15: Northern Spark
Rondo Neighborhood of St. Paul, American Indian Cultural Corridor and The Commons, Minneapolis
The free arts festival illuminates public spaces in the Twin Cities starting at dusk (9 pm) and ending at 2 am. Learn more.

June 20: Jazzed About Highland
Langford and Karls Chiropractic, 730 Cleveland Ave S, Saint Paul
Sponsored by the Highland Business Association and Highland District Council, this free event promises food, family-fun and the great jazz. 
Learn more.

June 20 – 22: Twin Cities Jazz Fest
Multiple St. Paul venues
Enjoy great musical performances on multiple stages. The national headliners lead master classes/clinics to students that are free and open to all. Learn more.

June 29: 2019 Midway Public Art Festival
Hamline Park, 1564 Lafond Ave, Saint Paul
The festival will highlight the diverse talents of neighborhood artists through interactive public art, while providing a welcoming gathering for local residents and soccer fans attending the Minnesota United game that day at Allianz Field. Learn more.

Leave a Reply

We are ready to start when you are. There is no pressure. Just give us a call. GET IN TOUCH