Michigan Mortgage News

The Consumer Price Index was scheduled to be released this week but has once again been delayed, with no explanation provided. This left the unemployment data as the only notable economic release from last week. The data showed that unemployment numbers came in higher than expected; however, this result is somewhat tempered by the fact that the figures are supported by a more limited data set.

Welcoming a new baby is an exciting milestone, but it often comes with financial changes, especially when a household shifts to one primary income. Managing a mortgage during this transition can feel overwhelming at first, but many families successfully navigate it every day. With thoughtful planning and a few smart adjustments, it is possible to maintain stability while focusing on what matters most.

Not all mortgage loans are created equally, and jumbo mortgages are a clear example of that difference. These loans are designed for higher priced homes and come with unique guidelines that affect both buying and refinancing decisions. Understanding how jumbo mortgages work and why refinancing them is different can help you make smarter long-term financial choices.