Michigan Mortgage Lender Gives Tips on Buying a Home During Inventory Shortage For the last two years, the Michigan real estate market has been experiencing low inventory conditions which has been limiting buyers' choices. And many real estate experts and chief economists are predicting a sellers [...]
The 2018 housing market had it's ups and downs. We started the year with high home prices, low interest rates and low inventory. Then we saw a slight shift to favor buyers. And with so many experts warning of a housing bubble looming somewhere down [...]
Did you know that the average credit score for Millennials is significantly lower than the "Silent Generation" – those born from 1925 to 1945? The typical Millennial has a fair credit score of just 634, according to a recent study from LendingTree, which examined 9 [...]
Interest rates have been steadily increasing this year as we are almost approaching 5%. And most experts are expecting one more increase in 2018 and then 2 or 3 more increases in 2019. But this is not deterring millennials from pursuing their dream of homeownership. [...]
Fannie Mae and Freddie Mac are restricted by law to purchasing single-family mortgages with balances below a specific amount which is known as the conforming loan limit. The Housing and Economic Recovery Act (HERA) requires the The Federal Housing Finance Agency (FHFA) to adjust the [...]
