Michigan Mortgage News

If you're considering a mortgage loan, you might wonder where the money actually comes from. It's not as simple as walking into your neighborhood bank and getting a loan directly from their vault, like it used to be decades ago.

The CPI and PPI reports delivered their data, showing inflation figures slightly below expectations. However, the positive impact of these reports was tempered by hawkish comments from Federal Reserve members during recent meetings. Despite this, the overall outlook remains optimistic, as further rate cuts are anticipated. Lending partners have also responded positively, significantly lowering their lending rates over the past month.

As home prices continue to rise, some buyers may struggle to qualify for a mortgage on their own. In these cases, a mortgage cosigner can be a helpful solution