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  • Mortgage Rates Dip Below 4% Again

    Daily Real Estate News | Friday, August 07, 2015 --> For the third consecutive week, averaged fixed mortgage rates edged down as uncertainty about the economy continued to push Treasury yields lower, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgage dropped 7 basis points this week to 3.91 ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on August 10, 2015
  • Why Buyers May Find Mortgages Easier to Get

    Daily Real Estate News | Monday, February 23, 2015 --> Good news for potential home shoppers: A Mortgage Bankers Association index shows lender requirements regarding credit scores, down payments, and other key terms are finally loosening up. Some lenders are even expanding the types of mortgages they offer. These moves come after ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on February 23, 2015
  • Did Mortgages Just Get Easier to Obtain?

    Daily Real Estate News | Tuesday, December 02, 2014 --> Fannie Mae and Freddie Mac's new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards that home buyers and refinancers have faced in recent years. The guidelines clarify when lenders will be penalized for making mistakes ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on December 2, 2014
  • Why and How Northwestern Bank Was Sold

    By Luke Haase With yesterday’s announced sale of Northwestern Bank to Midland-based Chemical Bank, The Ticker examines why the deal happened and how the two Michigan community banks came together. Why Most bankers and analysts agree that it’s increasingly challenging for small players to compete amidst more ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 12, 2014