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michigan mortgage rates: Michigan Mortgage Rates - 03/10/08 10:46 AM
Michigan Mortgage Rates are some of the lowest rates that we have had in years. One bank has a one year ARM that is under 4%. That is an amazing number, but the biggest problem with a loan like that is you will incur 2 sets of closing costs within 1 year. This could offset any amount of savings.
The best Michigan Mortgage Rates right now are on 5 year ARMs. Todays 5 year ARMs rate is 6%. This is for a cash out mortgage. If you are doing just refinancing for a better rate the rates will be better than 6%.
For … (0 comments)

michigan mortgage rates: Michigan Mortgage Rates - 03/05/08 02:09 PM
I just looked at rates for the day and they are brutal. Yes!!! You read that correctly. I'll say it again for those of you who don't believe me.
"Michigan Mortgage Rates are BRUTAL today!!!"
To receive your BRUTAL Michigan Mortgage Rate Quote just fill out the form, and we can tell you how bad your rates will be today! I hope you have a nice day.
How is it the market is so bad right now, but the banks are still raising rates.
This doesn't have to do with mortgage rates, but make sure you check your credit card mail, because … (2 comments)

michigan mortgage rates: Michigan Mortgage Rates - 03/04/08 02:05 PM
Rate watching is becoming a real common trend with people anymore today, but one thing I will advise people is to proceed with caution when looking to refi, because it is not going to be the easiest thing to do in Michigan. This is in large part because of the housing market being so bad.
The banks are trying to eliminate loans that are cash out above a certain Loan to Value, which is difficult to even get a true appraisal on anything in Michigan. Banks have officially started viewing foreclosures as part of the housing norm. If you are looking … (2 comments)

michigan mortgage rates: Michigan Mortgage Rates - 03/03/08 05:25 PM
It looks as though the ARM is going to be taking over again now that everyone has been getting the urge to get back into a fixed rate.
This is amazing how mortgage rates work. Not that long ago fixed mortgage rates were the way to go, but as of late it has moved to the other end of the stick.
With todays market being so, in simple terms, dead the government needs to keep lowering rates to start helping the housing market get back to normal. This would take banks loosening up the strap a little as well, because banks … (2 comments)

 

Rick Marnon Howell Real Estate Agent

Brighton, MI

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The Michigan Group

Address: 6870 Grand River Ave., Brighton, MI, 48114

Office Phone: (810) 844-2356 x 356

Cell Phone: (810) 333-0121

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We will talk about a number of random things. I do not limit my conversations to just real estate, but to things that are on my mind for that day. I am a bit of a rambler, so be prepared, but let's mention Howell, Brighton, and Hartland, so I can get some google love.


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