Key Questions:

1. How at risk is Rice, Minnesota to the subprime mortgage crisis?
   1. Loans taken out by home owners in Rice, Minnesota are within a +/- 10 percent band of the national average. That is to say, Rice, Minnesota will likely be affected by the subprime mortgage crisis just like the average county in the US.
2. How stretched will home owners in Rice, Minnesota be in paying off their mortgage?
   1. Homeowners in Rice, Minnesota borrowed an average of 1.92 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, there will be a normal risk that Rice, Minnesota homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Rice, Minnesota?
   1. The leading lenders, by market share, are Wells Fargo Bank, Na, Countrywide Home Loans and Affinity Plus Credit Union. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Rice, Minnesota to actually live in them?
   1. 92.5% of home owners in Rice, Minnesota that applied for a mortgage in 2006 live in their homes versus owning them as an investment property. This compares to the national average of 89.0%.