April 2019

How Will Baby Boomers Affect the Housing Market? Oakland County Mortgage Lender Explains

By |2019-04-26T17:04:35+00:00April 26th, 2019|Real Estate News|

There has been a housing shortage for awhile now, leaving a less than ideal market for millennials and first time home buyers. But Fannie Mae predicts as baby boomers begin to downsize or move into senior care facilities, more housing will be available and prices [...]

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43% of Next-Home Buyers will Use Previous Mortgage Lender from First Home

By |2019-04-13T13:03:36+00:00April 12th, 2019|Real Estate News|

Most next-home buyers feel more confident with purchasing their second home than they did buying their first. Just like many other first experiences, they have learned from their mistakes as a first-time buyer. In a survey conducted in March for Mr Cooper, Researchscape International found [...]

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February 2019

Millennial Buyers’ Purchase Loans are on the Rise Despite Rising Rates and Tight Inventory

By |2019-03-24T20:30:26+00:00February 15th, 2019|Real Estate News|

Michigan Mortgage Lender Explains how Millennial Home Loans are Increasing Rising mortgage rates, the increase in home prices and tight inventory are not stopping millennials from pursuing their dream of homeownership. According to the Ellie Mae Millennial Tracker, 30 year Fixed Rate Mortgages are on [...]

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December 2018

What Can Michigan Homebuyers Expect in 2019?

By |2019-03-24T20:41:16+00:00December 21st, 2018|Real Estate News|

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 [...]

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Oakland County Mortgage Lender Explains Credit Scores Among Millennials

By |2019-03-24T20:42:41+00:00December 14th, 2018|Real Estate News|

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 [...]

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Oakland County Lender Explains How Rising Mortgage Rates Aren’t Stopping Millennial Buyers

By |2019-03-24T20:43:52+00:00December 7th, 2018|Real Estate News|

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. [...]

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Conforming Loan Limits in Michigan and Most Of U.S. Will Increase in 2019

By |2019-03-24T20:44:26+00:00December 2nd, 2018|Real Estate News|

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 [...]

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November 2018

Michigan Mortgage Expert Lists 3 Trends to Watch for in 2019

By |2019-03-24T20:44:50+00:00November 23rd, 2018|Real Estate News|

We are nearing the end of November and after just one more month, we will have another year under our belts. This has many Americans wondering what 2019 will bring as far as real estate. Some experts say we could see a major shift, creating [...]

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October 2018

Clinton Twp Lender Discusses Mortgage Trends to Watch for This Fall

By |2019-03-24T20:53:08+00:00October 15th, 2018|Real Estate News|

As we begin the 4th quarter of 2018, many wonder what the housing market will bring. Will housing prices rise or fall? Will the interest rate reach 5% before the end of the year? Expect a Slowdown in Home Prices As the Autumn temperatures begin [...]

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Is the Housing Market Finally Shifting to Help Buyers? Michigan FHA Lender Explains

By |2019-03-24T20:56:11+00:00October 5th, 2018|Real Estate News|

In recent years, property values have soared and the shortage of homes has resulted in many bidding wars among buyers. The housing market without question has been in the seller's favor as they could expect full price and even over–asking–price offers. This climate has had [...]

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