- In 2012 38% of the units sold were bank owned
- In 2013 27% of the units sold were bank owned
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Found 5 blog entries for January 2014.
Mortgage Market Update
After a solid week of slipping, mortgage interest rates have come back up today:
- 30 year fixed-rates jumped to 4.53% (+0.03).
- 15 year fixed-rates jumped 3.53% (+0.03).
- FHA 30 year fixed rates stayed at 4.25%.
- Jumbo 30 Year Fixed rates jumped to 4.40% (+0.02)
- 5/1 Year (ARM) rates stayed at 3.25%.
Fed tapering (discussed in our last post: Why are mortgage interest rates on the rise?) was on market-watcher’s lips after the recent jobs report showed data far below projections. However, the FOMC branch of the Fed indicated that one weak report will mean little in the long run and tapering will not relent unless further data in the coming weeks suggests more serious economic downturn.
North American Auto ShowExperience the next generation of transportation at The North American International Auto Show 2014. The Motor City's Largest Industry event which takes center stage for from January 13th through the 26th at Cobo Hall. After the auto show, you can enjoy Dinner at one of the many fine Restaurants Detroit has to offer with Pegasus being one of my all time favorites.
Friday January 17, 2014 @ 7:30 p.m Stop in at the Palace of Auburn Hills and Cheer on The Detroit Pistons as they take on the Utah Jazz.
Saturday January 18, 2014 @ 7:00 p.m. Take a trip to Joe Louis Area and watch as the Los Angeles Kings at Detroit Red Wings
All Star Comedy Jam!
Sunday January 19, 2014 at 8:00 p.m. Enjoy a night of…
Top Tips for Refinancing Your Mortgage
Improve your credit score
The ideal scores are 720 or greater. Definitely take a look at your credit reports from Equifax, TransUnion and Experian to negate any errors before submitting your loan application. A credit specialist can work with you, if necessary. You want a good, low refi rate!
Find the right lender
We can never stress this enough: you do NOT need to pursue a refinance with the lender who financed the home purchase. In fact, if for whatever reason you did not like your experience with your lender, a refi is your chance to build a relationship with someone new. Get recommendations from friends, family, internet reviews – do not rely on searching for the lowest possible refi rates.…