Pros and cons of a 50-year mortgage, according to real estate experts
The Trump administration is working on a plan for a 50-year mortgage, and Twin Cities real estate professionals say there are many pros and cons to consider.
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The Trump administration is working on a plan for a 50-year mortgage, and Twin Cities real estate professionals say there are many pros and cons to consider.
Most home buyers know 30 years is the standard term for a mortgage, but what about 50 years? That's something the Trump administration says they're considering. But as Ashley Grams reports, not everyone agrees it would be a smart money move.
Just beside the Mississippi River on a winding Minneapolis street sits 4736 Coffey Lane — a hidden house nestled in nature with a story to tell.
Kristen Crossman with Housing First Minnesota shares how you can step inside more than 300 homes across the Twin Cities and Rochester in this year's Fall Parade of Homes & Remodelers Showcase. Click here for more information.
In the market to buy or sell a home? Real estate is hitting new highs in the Twin Cities.
Home sellers take note: The color of your kitchen and bedroom could boost your home's sale price.
Minnesota has many state, city, county and local level programs helping first time homeowners navigate rising home costs.
For many Minnesota families, housing eats up more of their budget than anything else. The state is short 114,000 affordable homes. As WCCO's Caroline Cummings reports, lawmakers from across the political spectrum have drawn up a blueprint to help fix that.
Since 2007, the program known as "Come Home 2 Edina" has lent a total of $8.7 million, helping 183 families purchase homes in the city, said Affordable Housing Development Manager Stephanie Hawkinson.
It's a program that's helped teachers, nurses, first responders, and families afford a home. But after more than four decades, the city of Edina is ending its down payment assistance program. WCCO's Kirsten Mitchell explains why and takes a look at the housing market in 2025.
Federal officials say homelessness rose 18% in 2024, driven mostly by a lack of affordable housing.
Social media sleuths noticed that the house next door to the iconic "Home Alone" house in Winnetka is now up for sale.
The price of housing in Minneapolis rose less over the last five years compared to other metro areas around the U.S.
A Minnetonka realtor is using his Spanish-speaking ability to build generational wealth for other immigrants.
On average, realtors sell about 10 homes a year, but in the west metro, there's a man selling more like 40. As we continue to honor community leaders for Hispanic Heritage Month, Susan-Elizabeth Littlefield introduces us to a man on a mission to help others.
The Consumer Financial Protection Bureau is pledging to scrutinize contract for deed lending, a form of alternative or seller financing in which a private seller or investor group comes to a loan agreement with a buyer without many of the typical banking and mortgage regulations and protections.
The landmark deal, which goes into effect Saturday, could cause real estate fees to drop by as much as 30%, experts say.
The experience of buying or selling a home is changing. A recent National Association of Realtors settlement now requires buyers and sellers to negotiate house sale commissions, including who pays and how much.
Many so-called zombie mortgages date back to the 2008 financial crisis, and consumer advocates warn a new wave of zombies could be on the horizon — this time, from all the home equity credit lines taken out during the pandemic.
Dale Wills, CEO of Centra Companies, says affordable homes in and around the metro are often bought before they're finished being built.
In the Twin Cities, new home listings are down, pending sales have fallen and mortgage rates are measurably higher than they were a year ago. Home prices are increasing faster than incomes, making it tougher than ever for first-time homebuyers to make a purchase. Derek James has more on the challenging market and how builders are responding.
Minnesota has two new "million-dollar cities" where the median home prices are now in the seven figures.
A new Bankrate study shows it's cheaper to rent than it is to buy in the 50 biggest metro areas in the U.S.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
President Trump said he is directing all federal law enforcement to be at the "complete disposal" of Savannah Guthrie's family as the search continues for her mother, Nancy Guthrie.
Matt Boldy scored three times in the first 13 minutes and assisted on Jared Spurgeon's goal with 45.1 seconds left on the clock in overtime to lead the Minnesota Wild to a 6-5 victory over the Nashville Predators.
Minute Maid's parent company, Coca-Cola, says it's ending production of its frozen juice concentrates, including orange juice.
Above-average temperatures continue Thursday in the Twin Cities, with the several days above freezing.
Anthony Edwards scored 13 of his 30 points in the fourth quarter, Bones Hyland had 20 points and the Minnesota Timberwolves overcame an 18-point deficit to beat the Toronto Raptors 128-126.
Conservative activist Jake Lang is back in Minnesota. This time, the pardoned Jan. 6 insurrectionist claims he has permission to hold his next rally inside the State Capitol. State officials confirmed to WCCO that no such permit has been granted.
Two Minnesota school districts and the state's largest teachers union on Wednesday sued to block federal immigration agents from showing up to school property, which educators say is distressing families and disrupting student learning.
Twin Cities attorney Danielle Robinson Briand says she's been unable to find her client in immigration custody for several days despite a federal release order.
Minnesota's ICE surge is leaving many with strong feelings of fear and anxiety.
What does community safety look like with thousands of federal agents on Minneapolis streets? WCCO sat down with Todd Barnette, the city's community safety commissioner, to hear how the city is handling the surge of federal agents.
Minnesota's ICE surge is leaving many with strong feelings of fear and anxiety.
The crash happened on the Arrowhead Snowmobile Trail north of Orr at approximately 12:26 p.m., according to the St. Louis County Sheriff's Office.
A former Northfield Middle School teacher has been sentenced to 60 days of house arrest for sending sexual photos of herself to high school students.
The Associated Press reports one of its photographers witnessed several federal agents arresting a car full of activists at gunpoint Tuesday morning in south Minneapolis. None of the agents were wearing body cameras.
Authorities north of the Twin Cities are seeking more families who may have had contact with a man accused of abducting and sexually assaulting a 7-year-old girl.
John Lauritsen shares the story behind a massive snow sculpture that's now become a winter destination.
A jury has found a Wisconsin man guilty of forging threats against President Donald Trump in an attempt to get a witness against him deported.
Minnesota and Wisconsin are among the 11 states reporting their first measles cases of 2026.
Hundreds of schools in Minnesota and Wisconsin have closed or shifted to virtual learning on Friday amid dangerous cold.
A Wisconsin man accused of sending the state Supreme Court's chief justice intimidating emails has been sentenced to probation.
While Operation Metro Surge continues in the Twin Cities, Minnesota's farm country is also feeling the impact. The major concerns for farmers and the trickle-down effect it could have on consumers.
Minnesota's governor spoke out Sunday afternoon following the shooting death of Alex Pretti by federal immigration enforcement agents. "What's the plan, Donald Trump? What is the plan?" Walz said. "Fear, violence and chaos is what you wanted from us, and you clearly underestimated the people of this state and nation."
A marching protest against U.S. Immigration and Customs Enforcement in Minneapolis Friday afternoon happened as a widespread work stoppage across Minnesota, as organizers called for a day of no work, no school and no shopping.
"When you come to our church, you see Muslims, Christians, Catholics, atheists, LGBT community, everybody with one purpose: helping the neighbor, loving your neighbor as yourself," said Pastor Sergio Amezcua
At Moth Oddities in northeast Minneapolis, volunteers moved through stacks of boxes as donations continued to pour in for families impacted by the increased presence of U.S. Immigration and Customs Enforcement in the city.
President Trump said he is directing all federal law enforcement to be at the "complete disposal" of Savannah Guthrie's family as the search continues for her mother, Nancy Guthrie.
The White House says federal agents have arrested more than 4,000 undocumented immigrants in Minnesota since Operation Metro Surge began two months ago, plus more of the day’s top stories.
Conservative activist Jake Lang is back in Minnesota. This time, the pardoned Jan. 6 insurrectionist claims he has permission to hold his next rally inside the State Capitol. State officials confirmed to WCCO that no such permit has been granted.
Two Minnesota school districts and the state's largest teachers union on Wednesday sued to block federal immigration agents from showing up to school property, which educators say is distressing families and disrupting student learning.
Twin Cities attorney Danielle Robinson Briand says she's been unable to find her client in immigration custody for several days despite a federal release order.
Amid ongoing immigration operations in Minnesota, a local company is filling a desperate need for on-demand legal help.
Outside the governor's mansion in St. Paul, Minnesota, on Friday, demonstrators, including many students and teachers, pleaded for Gov. Tim Walz to enact an immediate eviction moratorium to help families impacted by the U.S. Immigration and Customs Enforcement surge.
It's part of broader protests calling on the Minneapolis-based retailer to respond more directly to immigration enforcement.
While Operation Metro Surge continues in the Twin Cities, Minnesota's farm country is also feeling the impact. The major concerns for farmers and the trickle-down effect it could have on consumers.
For Minister JaNae Bates Imari, Co-executive director of ISAIAH — a progressive, multi-faith non-profit — it's an idea that was set into motion weeks ago.
What does community safety look like with thousands of federal agents on Minneapolis streets? WCCO sat down with Todd Barnette, the city's community safety commissioner, to hear how the city is handling the surge of federal agents.
Ryan Routh, the man convicted in a 2024 assassination attempt of President Trump at his Florida golf course, has been sentenced to life in prison.
The disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie, is being investigated as a crime.
A federal judge has ordered the man accused of assaulting Rep. Ilhan Omar during a town hall in Minneapolis to remain in custody as he awaits further court proceedings.
According to the Police Executive Research Firm, 82% of police departments in the United States equip officers with body cameras. That number comes from 2023, meaning it could be even higher by now.
Children's Minnesota announced Tuesday it plans to pause some gender-affirming care for children amid "threats" from the federal government.
Nurses in Minneapolis doubted federal immigration officers' claims about a Mexican immigrant's severe injuries.
Minnesota and Wisconsin are among the 11 states reporting their first measles cases of 2026.
About 100 Hennepin Healthcare employees are losing their jobs as the system closes or integrates some of its standalone clinics and services.
Recently released federal data shows the rate of improper payment in Minnesota's Medicaid program is far below the national average, the state's Department of Human Services says.
Renowned comedian Dave Chappelle is set to return to the Twin Cities later this month to perform and "show a stand with a community at the center of events that should unite all Americans," show organizers said Monday.
Complete closure of the performing arts center in Washington, D.C., will start on July 4, Mr. Trump said. It's not yet clear how extensive the changes to the building might be.
Music's biggest night returned Sunday with the 68th annual Grammy Awards. Here is how to watch and stream and what to know.
In 1971, Demond Wilson appeared on an episode of "All in the Family," a role that led him to land a lead part in "Sanford and Son."
Catherine O'Hara was best known for her comic performances in projects including "Home Alone," "Beetlejuice," and "Schitt's Creek."
Matt Boldy scored three times in the first 13 minutes and assisted on Jared Spurgeon's goal with 45.1 seconds left on the clock in overtime to lead the Minnesota Wild to a 6-5 victory over the Nashville Predators.
Anthony Edwards scored 13 of his 30 points in the fourth quarter, Bones Hyland had 20 points and the Minnesota Timberwolves overcame an 18-point deficit to beat the Toronto Raptors 128-126.
The Winter Olympics are a land of snow and frozen water — no "ice," though, at least not at the hospitality house being hosted by U.S. sports teams in Milan for the Games.
Eight Minnesota Wild players have been named to an Olympic team for the 2026 Winter Games; seven will play. Defenseman Brock Faber is one of just two on the U.S. roster with Olympic experience.
The Minnesota Vikings have hired former Miami Dolphins offensive coordinator Frank Smith as their assistant head coach among four changes to head coach Kevin O'Connell's staff.
The state of Minnesota is vowing to continue the legal battle after it and 12 cities were denied a temporary restraining order that would have shut down Operation Metro Surge.
The state of Minnesota is vowing to continue the legal battle after it and 12 cities, including St Paul and Minneapolis, were denied a temporary restraining order that would have shut down Operation Metro Surge.
While Operation Metro Surge continues in the Twin Cities, Minnesota's farm country is also feeling the impact. The major concerns for farmers and the trickle-down effect it could have on consumers.
While Operation Metro Surge continues in the Twin Cities, Minnesota's farm country is also feeling the impact. The major concerns for farmers and the trickle-down effect it could have on consumers.
While Operation Metro Surge continues in the Twin Cities, Minnesota's farm country is also feeling the impact. The major concerns for farmers and the trickle down effect it could have on consumers.
John Lauritsen shares the story behind a massive snow sculpture that's now become a winter destination.
Northland Arboretum was built half a century ago on top of what was once a city dump. But over time, nature carved its own path with a little help from a Zamboni.
St. James is a smaller town with a main street and a railroad running though. But inside a local building, the main street and the railroad are even smaller.
On Dec. 9, 1965, "A Charlie Brown Christmas" debuted on CBS, and it became an instant classic. Lee Jenkins' home is proof that the show is still a hit six decades later.
Holiday lights are on full display across the state right now, and just south of the Twin Cities you'll find a Christmas light show that's been around for more than half a century.
According to the Police Executive Research Firm, 82% of police departments in the United States equip officers with body cameras. That number comes from 2023, meaning it could be even higher by now.
With the new $2,600 stipend, DHS said the cost of a single self-deportation is $5,100. That's significantly less than the cost to arrest, detain and deport an undocumented immigrant, which DHS said costs more than $18,000.
It might be hard to believe, but it's gotten warmer outside over the past few days. The temperature is creeping above zero during the day, but the wind chill remains dangerously low. So, how is wind chill calculated?
Minnesota gun rights are in the spotlight after U.S. Border Patrol agents shot and killed a lawful gun carrier over the weekend.
It's a saying Minnesotans and Wisconsinites know well: "There's no such thing as bad weather, just bad clothing." The problem is that even proper clothing might not be enough to withstand the bitter chill headed for the bold north.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
Above-average temperatures continue Thursday in the Twin Cities, with the several days above freezing.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
Above-average temperatures continue Thursday in the Twin Cities, says NEXT Weather meteorologist Joseph Dames.
We will have a series of days finally above freezing. We will stick the upper 30s for a few days and have a shot at hitting 40 degrees. Chief meteorologist Chris Shaffer breaks down the timing.
Thursday will be the first day above freezing in almost three weeks, says NEXT Weather meteorologist Chris Shaffer.
The White House says federal agents have arrested more than 4,000 undocumented immigrants in Minnesota since Operation Metro Surge began two months ago, plus more of the day’s top stories.
Above-average temperatures continue Thursday in the Twin Cities, says NEXT Weather meteorologist Joseph Dames.
We have a warm up in our future. For the first time in a while we will be above freezing. Chief meteorologist Chris Shaffer breaks it down and shares when we could see a day in the 40s.
Wisconsin's Jeffrey the Snowman sits over 60 feet tall and has his own scholarship.
Conservative activist Jake Lang is returning to Minnesota. Despite his claims, he has not been issued a permit to hold a rally inside the State Capitol.