Michigan Mortgage News

The inflation data scheduled for this week has been pushed back by one week. The unemployment data was the only impactful economic report released this week. Across the board, unemployment statistics came in within expectations, while wage increases were slightly below expectations. Historically, wages have lagged behind inflation, making both unemployment and wage growth strong barometers of the economy's overall health. Despite the current state of affairs, the economy appears to be holding strong, as reflected across the broader markets.

Whether you're buying or selling, the appraisal is one of those moments that can quietly make--or break--a deal. It's also one of the most misunderstood parts of the process. So what actually happens during an appraisal, and how can you prepare for it? Here's what you need to know.

You found the home. Your offer was accepted. Everything should feel exciting... right? And then comes closing. Suddenly there are emails, documents, deadlines, inspections, and about 47 things you didn't realize you'd need to sign. Even the most laid-back buyers can start to feel overwhelmed during this phase.