Category: mortage calculator

Mortgage Rates Slip After Fed Hike, But What’s Next?

Mortgage rates this week dipped slightly below 7%, even after the Federal Reserve aggressively raised its benchmark interest rate again to tame inflation. The 30-year fixed-rate mortgage averaged 6.95% this week after hitting a 20-year high of 7.08% …

Traverse City Real Estate – Prices Up – Sales Down

Prices Up, Sales Down: The Inventory Effect On Real Estate By Ross Boissoneau | Aug. 6, 2018 The real estate market is hot, with average sale prices continuing to climb. The real estate market is down, as the …

Kingsley, Kalkaska Emerge As (Cheaper) Alternatives

Kingsley, Kalkaska Emerge As (Cheaper) Alternatives By Ross Boissoneau | Jan. 24, 2018 The median sales price for a single-family home in Traverse City rose to $256,000 last year, a figure prompting many would-be homeowners to look to …

Independent Bank To Acquire Traverse City State Bank

By Beth Milligan | Dec. 5, 2017 Independent Bank Corporation (IBC) announced Monday it is acquiring Traverse City State Bank. According to a press release announcing the news, Traverse City State Bank will be consolidated into the IBC …

30-Year Mortgage Rate Hits New 2017 Low

30-Year Mortgage Rate Hits New 2017 Low Daily Real Estate News | Friday, August 25, 2017 <!– –> Borrowers applying for a 30-year fixed-rate mortgage this week locked in the lowest rate of the year, as it dropped …

Rent vs. Own? The Best Option in Each State

Rent vs. Own? The Best Option in Each State Daily Real Estate News | Wednesday, July 26, 2017 <!– –> Home prices may be on the rise across the country, but you’re still better off buying a home …

Calculator for Buyers: Purchase Now or Save More?

Daily Real Estate News | Monday, April 10, 2017 <!– –> While nearly 40 percent of aspiring homeowners believe they need to put down 20 percent on a home purchase, the truth is the average down payment was …