This story from Craig Donofrio, How Mortgage Rates Work and Why They Matter, talks about rates moving, interest percentage and getting locked in … Most of us know mortgage rates are important—after all, the difference between just one-eighth point in interest percentage could end up costing you thousands of dollars over the length of the loan. How Do You […]
Low Mortgage Rates in Oxford Michigan Are Lingering
This weeks mortgage article from RealtorMag, Low Mortgage Rates Are Lingering, discusses continued yearly lows… The average percentage rates for fixed-rate mortgages inched up slightly this week, but continue to hover near yearly lows. Mortgage Rates’ Impact: These Analysts Are Still Bullish on Housing Economists Grow More Optimistic About Housing’s Outlook Understanding and Combatting the Rate Lock-in […]
Loan Demand Surges in Oxford MI
According to RealtorMag, Loan Demand Surges in Latest Week, dated 06/11/2014 this article discusses home purchases and refinancing… Mortgage applications for both home purchases and refinancing increased last week, posting an uptick after several weeks of decreases in loan originations. Mortgage application activity rose 10.3 percent in the week ending June 6, led by a […]
Housing And Mortgage Trends eNewsletter, September 2013
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports. Housing And […]
Boomerang Buyers Are Staging a Comeback, Oxford MI
Boomerang buyers are staging a comeback, Oxford MI. Interesting article from Realtor Magazine, buyers that lost their homes 2 plus years ago are now qualifying for new loans… “Boomerang buyers”—former home owners who have gone through a short sale, foreclosure, or bankruptcy in the past few years and are saving up for a down payment […]
Lake Orion and Surrounding Areas, Monthly Real Estate Numbers
Lake Orion and surrounding areas, monthly real estate numbers. Analysis: 1) All MLS (multiple listing service) sales were up by 1.2%, 2) The median sale price for all MLS sales increased to $110,000 – up by 35.8% 3) Average days on market for the entire MLS decreased by 15 days 4) Of the 6,399 sales closed, […]
Houses Recently Sold, in The Lapeer MI Area
Houses recently sold in the Lapeer Michigan area in the last 35 days, with mortgage rates at 2.8% to 3.5%, it is still an excellent market for buying a Lapeer home with terms favorable to you. “Inventory shortage has become more prevalent & more pronounced. The data at the national level clearly shows fewer listings. […]