Category: Mortgage Real Estate Market Review

And We’re Back……….

September 28, 2017 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Mortgage Preapproval, Mortgage Real Estate Market Review, Mortgage Refinancing, Mortgage Tips, Oakland County Mortgage Banker, Oakland County Real Estate, Uncategorized, Wayne County Mortgage Banker 0 Comments

So it’s been a while, but now “we are back from a commercial break”, as my good friend Ken Kellner says over a megaphone in his tiki bar every time someone new walks in. Why is this relevant, you may be asking yourself? Well, during my “commercial break” I honed my writing skills, educated myself on the virtues […]

2015 Regulatory Changes

January 7, 2015 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage Real Estate Market Review, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

2014 was a big year from a regulatory stand point. We saw some big changes hit from Dodd-Frank, which put the industry on its head for a few months in the beginning of the year and had the markets unsure of how to react. The changes last year focused on the borrower’s ability to repay. […]

Is it Time to Ditch the Rental and Buy a House?

August 20, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Michigan Real Estate Tips, Mortgage Real Estate Market Review, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

Many potential homebuyers I have spoken to have told me they are sitting on the sidelines until the fall or winter. The housing market jumped up tremendously last year, and is up again this year, meaning your dollar isn’t going quite as far as it did two years ago. Generally, as we leave the summer […]

The Summer Housing Season

August 8, 2014 Marc Edelstein First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Michigan Real Estate Tips, Mortgage News, Mortgage Real Estate Market Review, Mortgage Refinancing, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

For many, this housing season is a major indicator of what is to come with the economy. If we have another record year where house prices inflate another 20%+, it means the housing market is in full rebound and we are approaching pre-2008 values. If they suddenly plummet and lose all the ground they make, […]

Should I Buy my House Cash or Use a Mortgage?

June 20, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Michigan Real Estate Tips, Mortgage News, Mortgage Real Estate Market Review 0 Comments

If you have the cash reserves to buy your next house, it might be tempting to forego the mortgage process and use your savings, instead. You won’t have to worry about going through the mortgage process, you can generally close faster, and you avoid all of the interest paid on the mortgage. For the right […]

Mortgage Market Recap for the week ending Friday October 26th, 2012

November 2, 2012 Marc Edelstein Mortgage Real Estate Market Review, Uncategorized 0 Comments

In a week packed with a Fed meeting, significant economic data, and Treasury auctions, there were no major surprises to be found. European events, often a source of market moving headlines, also had little impact this week. As a result, mortgage rates ended the week with little change. After the Fed’s blockbuster announcement for a […]

Mortgage Market Recap for the week ending Friday October 19th, 2012

October 26, 2012 Marc Edelstein Mortgage Real Estate Market Review, Uncategorized 0 Comments

In recent weeks, mortgage rates have been pushed and pulled mostly by Fed policy expectations and European Union headlines. With little news on these fronts, though, the US economic data emerged as the main driver of mortgage rates this week. Unfortunately for mortgage rates, the data was generally stronger than expected, and rates ended the […]

Mortgage Market Recap for the week ending Friday October 12th, 2012

October 19, 2012 Marc Edelstein Michigan Mortgage Lender, Mortgage Real Estate Market Review 0 Comments

During a reasonably quiet week, global concerns caused investors to seek relatively safer assets. Stronger than expected US economic data had little impact. As a result, mortgage rates  ended the week a little lower. Worried about the pace of global economic growth and unrest in many regions, investors shifted to relatively safer assets, including US […]

Mortgage Market Recap for the week ending Friday October 5th, 2012

October 19, 2012 Marc Edelstein Mortgage Real Estate Market Review 0 Comments

An improving US economic outlook and increased optimism about Europe were unfavorable influences on mortgage rates this week. Fed purchases of mortgage-backed securities (MBS) under QE3 helped offset the losses, though. As a result, after several weeks of declines, mortgage rates ended the week just slightly higher. Friday’s Employment report was the big news this […]

Mortgage Market Recap for the week ending Friday September 28th, 2012

October 10, 2012 Marc Edelstein Mortgage News, Mortgage Real Estate Market Review, Weekly Mortgage Market Recaps 0 Comments

It was another good week for mortgage rates. Concerns about the level of global economic growth and about the progress of reforms in Europe were favorable for mortgage rates, which ended the week lower. Nearly all of the major economic data released this week reflected slower economic growth. In the US, GDP, Durable Orders, and […]