Mortgage
Every post about mortgage, newest first.
Real estateTrigger leads ban: what the GAO found in October 2026
The trigger leads ban took effect in March 2026. On October 6 the GAO reported how few buyers ever used trigger offers. What loan officers should do now.
Real estateShould I lock my mortgage rate? The case at 7.28%
Freddie Mac's 30-year average jumped to 7.28% on October 1, 2026. When a Michigan buyer under contract should lock, what a lock covers, and what breaks one.
Real estateFHA minimum property requirements: the 2026 draft rewrite
FHA's draft of new minimum property requirements drops appliance, roof and attic items. What Michigan agents need to know before feedback closes November 6.
Real estateUAD 3.6 for real estate agents: the new appraisal report
New Fannie Mae and Freddie Mac appraisals switch to UAD 3.6 on November 2, 2026. Which format your deal gets, and what Michigan agents should send.
Real estate2-1 buydown at 7%: what it costs a Michigan seller
With 30-year rates at 7.03%, a 2-1 buydown costs about 2.2% of the price. The arithmetic on metro Detroit medians, the 3% cap, and why it is not a price cut.
Real estateRemove PMI on home value: what Michigan agents tell clients
From September 16, 2026 Fannie Mae servicers may tell homeowners they can drop PMI on today's value. The rules Michigan past clients need: 75%, 80%, two years.
Real estateVantageScore 4.0 mortgage: what Michigan agents check now
Since September 9, 2026 any Fannie Mae or Freddie Mac lender can score a buyer with VantageScore 4.0. What an agent checks on a preapproval now.
Real estateFed rate hike and mortgage rates: what Michigan agents do
The Fed rate hike on September 16, 2026 came after mortgage rates had already reached 6.95%. What Michigan agents check for buyers under contract.
Real estateMichigan mortgage payment in 2026: the median home at 6.76%
Freddie Mac put the 30-year rate at 6.76% on September 10, 2026. The monthly payment on a median Michigan home at every down payment, tax reset included.