Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year […]
What Does An Economic Slowdown Mean For The Housing Market In Davison MI?
According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy. All of this brings […]
Homeownership In Lapeer MI Could Be In Reach With Down Payment Assistance Programs
A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home. If you feel the same way, the good news is there are many down payment […]
Lapeer MI Property Taxes | How They Can Impact Your Mortgage Payment
Lapeer MI Property Taxes | How They Can Impact Your Mortgage PaymentProperty taxes can have a big impact on your monthly payment When buying a home, taxes are one of the expenses that can make a significant difference in your monthly payment. Do you know how much you might pay for property taxes in your […]
Why Get Pre-Approved Before Looking For A Home?
Pre-approval can help you resolve financial issues First things first, let’s clarify a few things around pre-approvals. For one, a pre-approval is not the same as a pre-qualification. A pre-qualification, which is based on information borrowers supply to the lender as well as a soft credit pull, can be a great tool to help buyers see […]
Lapeer MI, Homes For Sale | Where Are Interest Rates Headed?
Lapeer MI, Homes For Sale | Where Are Interest Rates Headed? Team Success Listing LLC At a local level in Lapeer Michigan, buyer confidence remains strong with some changes that varies on the price level and type of homes they are looking for. Particularly in and around Lapeer 48446. The addition of new stores […]
Closing Costs For Buyers | Donald Horne, Team Success Listing LLC
Closing Costs For Buyers | Donald Horne, Team Success Listing LLC Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days […]
Mortgage Rates Near All Time Lows
“mortgage rates have now dropped 15 basis points over the past two weeks, leaving them only…” Mortgage rates hit a new 2016 low this week, and they’re also nearing the lowest averages ever recorded. Freddie Mac reports the 30-year mortgage rate is close to the November 2012 record low of 3.31 percent. “Continuing fallout from […]
Credit Mistakes Potential Home Buyers In Lapeer Make
“Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage” … Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage, since credit scores are used by […]
Closing Times Are Speeding Up
Closing Times Are Speeding Up … The average time to close on all mortgage loans dropped to 44 days in March, the shortest amount of time in a year, according to Ellie Mae’s latest Origination Insight Report. New mortgage rules went into effect last October, pushing closing timelines from 46 days in October to 48 […]