12_07_2017
Photo Source: Instagram via @landschute

When it comes to providing top-rated, 5-star mortgage experience service, it’s all about communication and expectation. This can provide for a smooth, quick process without delays or hiccups.

Michigan was ranked No. 8 for best state where millennials can afford to buy a home, with the median list price at $169K and 2.8 years as the average time needed to save for a downpayment. The average monthly mortgage payment: $767. Forget renting! This renting vs. owning debate was a key topic on this week’s podcast.

The “Surban” is taking over. Think suburban with more walkability to destinations like retail stores and restaurants and entertainment. It has been estimated these surban areas will attract at least 80% of new households and the most families over the next ten years.

Mortgage Applications for last week were up 4.7% overall, with purchases up 2% and refinances up 9%.

Initial Jobless Claims for last week were reported at 236K, hardly missing expectations of 240K.

The ADP Employment Report released yesterday showed 190K jobs created in November, slightly higher than expectations of 185K.

Hall Financial (NMLS #1467435) was formed in early 2016, founded on a common mission: to be the most client focused mortgage company in the industry’s history. We were going to stop the trend of treating homeowners and homebuyers as transactions and instead, welcome them as family. We were going to treat them like the queen of England. Here, we bring you up to speed and keep you in the know with the latest housing news, home trends, and more!

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