Huge Refinance Boom Fueled by Low Mortgage Rates
According to a recent CNBC news article, the 30-year fixed rate mortgage rate has dropped to 4.15% for potential homebuyers with at least 20% to put down on a new home. This affects conforming loan balances up to $647,200. The rate decrease has created a surge in...
Is Real Estate Worth It in Michigan?
Michigan is a state that gets to experience all four seasons. Lake Michigan, Lake Superior, Lake Huron, and Lake Erie provide ample beachfront for people to enjoy during the warm summers. A plethora of snow throughout the state makes various winter sports enjoyable....
Do Housing Prices Go Down in a Recession?
Most people know that the economy has a direct impact on the pricing of many goods and services. It probably shocks some people to know that a recession doesn’t always mean that home prices are going to go down. There are several ways that a recession might...
