A Mortgage Minute.


Photo Source: Instagram via @landschute

The 55+ Housing Market Index report jumped to a record high of 71 in the fourth quarter of 2017, showcasing how the 55 and up crowd believe housing to be very good overall.

The BLS Jobs report for January was released Friday morning announcing a 200K job increase, an encouraging figure and solid report. Biggest news: wage growth increased 2.9% from a year ago, the highest annual growth since 2009. This has also fueled support and predictions for the Federal Reserve to hike rates a quarter percent in March. There’s no doubt we’ll see a rate hike this year, the question is how many.

Wayne County—Detroit—in Michigan scored the No. 6 spot for best counties to buy in, not rent, with monthly median homeownership costs coming in at less than 63% of the median monthly rent cost.


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