Marc Edelstein

I started this blog last January to be a place where people could come for market updates, local mortgage related news, and tips to help them through the home buying and mortgage process. I recently took a brief break from the blog, but am back and ready to help. I hope to continue helping local […]

Have you often thought about giving back to the community or a favorite charity but found yourself unable to due to monetary constraints? Well this year Marc Edelstein has decided to help you save money AND give back this year with his new Pay It Forward Promise. Not only can he save you money on […]

There was little market moving news for mortgage rates this week. Little apparent progress was seen regarding the US fiscal cliff or the debt troubles in Europe. Since it’s extremely difficult to estimate the impact of Hurricane Sandy, investors did not give much weight to the US economic data released this week. As a result, […]

Two major factors were positive for mortgage rates this week. President Obama won the election, and concerns about Europe increased. As a result, mortgage rates ended the week lower. The conventional wisdom was that an Obama victory would be positive for bonds and negative for stocks, and this was in fact the reaction in financial […]

Mortgage markets handled the issues caused by Hurricane Sandy without any major disruptions. Stronger than expected economic data also had little impact, and mortgage rates ended the week with little change. Friday’s Employment report showed that the economy added roughly twice as many jobs as expected (including revisions). Against a consensus forecast of 125K, the […]

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 […]

Americans, including Michigan residents, are starting to feel better about the economy, and the improvements in the housing market are proof of that.  An October Gallup poll shows that for the first time in over 5 years, more people are beginning to feel comfortable about the economic shifts than a year ago. “This is not […]

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 […]

While a mortgage lender in Michigan is going to look at your credit score closely at your credit report when you want to apply for a mortgage to buy a new home, they’re also going to look at the individual items on your report.  To get the most accurate picture they typically pull from all […]

It’s time to buy a home – but how much can you afford? When a first-time buyer or family starts looking to buy a home in Northville, Novi, Canton or even cities in Oakland county, this question comes up fairly early on.  While many would love to have a big, beautiful home with less than […]