Marc Edelstein

Increased concerns about the troubles in Europe had the biggest influence on mortgage rates this week. As usual, investors reacted by shifting to relatively safer assets including US mortgage-backed securities (MBS), and mortgage rates again ended the week a little lower. Spain has been the focus in Europe recently, but issues emerged this week from […]

If you’re on the market to buy one of the many homes for sale in Oakland county, then the best way to get an offer accepted is to appeal to the emotions of the person selling the home.  Why?  Because that’s how sales work.  People not only buy in impulse and emotion but they sell […]

Weaker than expected Employment data and increased concerns about Europe helped mortgage rates this week, and they ended lower than where they were before the March Employment report. While slower employment growth is painful for the country in nearly every way, this generally bad news is actually favorable for mortgage rates. Against a consensus forecast […]

If you’re trying to figure out if getting a mortgage in Michigan is a smart idea right now based on your income limitations and debt obligations, there’s some good news for you right now – the weight of the monthly mortgage bill has never been lighter.  That means buying one of the many houses for […]

When most first time buyers take the time to do their research and consult carefully with an Oakland County, MI mortgage banker, along with a real estate agent, there’s often little remorse or regret after the purchase. Granted sometimes you turn up little problems in a home that can add some frustration into the mix, […]

With belts tightening up in 2012 for lenders, it’s getting more difficult for borrowers with even decent credit to secure a mortgage – and that likely won’t change any time soon.  Even with an experience mortgage banker in Michigan on your side, you’ll need to have your affairs in order to secure the loan you […]

Detroit is sitting alongside only two other metro locations in the U.S. to see an annual increase in home prices (Denver and Phoenix).  In January, home prices in Metro Detroit roses 1.7%.  While the consistent increases are great for those selling homes, does it spell the end of savings for first time buyers who want […]

If you ever feel like paying too much for a home, then pass on working with a buyer’s agent in Michigan or deal directly with the agent who is selling the home.  As long as I’ve been involved in helping buyers get the real estate of their dreams in Southeast Michigan, I’ve yet to come […]

There was a lot of daily volatility for mortgage rates this week. On Tuesday, the Fed Minutes revealed a lack of enthusiasm for further easing, and this caused mortgage rates to jump. Increased concerns about Europe then helped mortgage rates improve on Wednesday and Thursday. The net result was a small increase in rates for […]

Additional comments indicating that the Fed is in no rush to tighten policy and renewed concerns about Europe helped mortgage rates improve this week. Mixed economic data and Treasury auction results had little overall impact. After the March 13 Fed statement, mortgage rates swiftly moved higher, but they have since improved and are close to […]