Latest Housing and Mortgage News

Market Brief: Steady as she goes

Exuberance is creeping in, but there’s little substantive news to really move the markets. Generally, earnings are strong, interest rates remain at historical lows, we are at near full-employment, and the business environment is favorable. The prevailing mortgage rates trend continues to be sideways. Today’s Prevailing Mortgage Rates* 30-year fixed rate 3.875-4.125% 3.956 – 4.125% APR […]

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Mortgage News: Michigan’s Real Estate Forecast Going into the Busy Season

Michigan’s real estate forecast is pointing to 2017 as one of the best years to buy a home. Some statistics are supporting the fact that this might be the best year of the decade to make a purchase. Here are the major trends that are making this happen. Low Housing Inventory The Macomb Daily reported […]

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New Home Sales Slip but it’s not a Buyer Issue

Over the course of the last few years, analysts and others have been bemoaning a lack of millennial buyers. The concern is that young people are reluctant to buy, due in large part to high rates of student loan debt and a millennial lifestyle that values freedom and flexibility over being tied down to one […]

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How Real Estate Apps Have Buyers Hooked

New research from Google shows Americans spend an average of 55 minutes per visit when using real estate apps on their smartphones. The data – aimed at better understanding how buyers use technology during their house hunt – shows scanning through available homes for sale and looking at prices in different neighborhoods has become something […]

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Housing Market Continues Down Familiar Path

The housing market has been fairly steady for quite a while now and mortgage rates have stayed low while prices continue to rise. In many markets, there are too few homes available for sale – and though affordability conditions have been affected by increasing prices and tight inventory – an improved job market, low rates, […]

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Survey Asks What Makes A House A Home

There are plenty of surveys asking prospective home buyers what features are most important to them when looking for a house to buy. Most of them find buyers naming storage space and energy efficiency among their top priorities. But extra closets and low energy bills aren’t things normally associated with making a new house feel […]

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Low Inventory Presents Challenge For Buyers

Home buyers looking to buy a house this year have been met with a more challenging housing market than in years past. Following the housing crash, supply outweighed demand and the market favored buyers. With more homes than buyers, prices were low and buyers had all the negotiating power. This year, on the other hand, […]

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Survey Finds Home Prices On The Rise

The S&P/Case-Shiller U.S. National Home Price Index is considered the leading measure of U.S. home prices. Released monthly, the index looks at home price movement on both a monthly and annual basis. According to the most recent release, home prices are up 5 percent over last year’s level. David Blitzer, managing director and chairman of […]

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Mortgage Demand Up 38% From Last Year

According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for mortgage applications was 38 percent higher last week than during the same week one year ago. Largely driven by refinance demand, the year-over-year improvement has benefited from mortgage rates remaining near record lows. But purchase demand is also up over last year. In fact, […]

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Americans See Housing As Key To Security

A recent survey from the MacArthur Foundation found Americans overwhelmingly feel that affordable housing is an important part of achieving economic security. In fact, 85 percent of respondents said it was very important to achieving a secure, middle-class lifestyle. The only thing that ranked higher was a good job. Still, a majority of participants also […]

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