Personal Finance Advice and Commentary

Thursday, July 20, 2017 9:00 am
By Claes Bell ·

See this week’s average rates for the 30-year fixed-rate mortgage, 15-year fixed-rate mortgage, 5/1 ARM and 30-year jumbo mortgage in metro Detroit.

Thursday, August 18, 2016 5:19 pm
By Holden Lewis ·

When selling your home, brag about your fenced backyard if you have one. You might sell your house faster.

Wednesday, August 10, 2016 5:13 pm
By Holden Lewis ·

Most mortgage companies starve their servicing departments, to the frustration of their captive customers. The companies that do a good job of servicing deserve attention for it.

Wednesday, August 03, 2016 5:40 pm
By Holden Lewis ·

Good luck if you want a mortgage for less than $50,000. They’re hard to get, and that’s a problem.

Sunday, July 31, 2016 3:07 pm
By Holden Lewis ·

Today’s weak report on 2nd quarter gross domestic product is welcome news for mortgage shoppers.

Monday, July 25, 2016 1:13 pm
By Holden Lewis ·

Housing is unaffordable for too many people, and government can help, according to the Democratic Party’s platform.

Wednesday, July 13, 2016 11:51 pm
By Holden Lewis ·

Mortgage rates have fallen to near record lows since last month’s Brexit vote, and many homeowners are refinancing. There’s more than just 1 way to refinance. Here are some of your options.

Monday, July 11, 2016 4:43 pm
By Holden Lewis ·

A reader named Oscar notices that mortgage rates are near all-time lows. He asks: Mr. Lewis, what about people with less than a year-old loan — a 30-year fixed at 4%? Probably refinancing at 3.25%. Would it be worth the time on line in the bank? That’s a $174 monthly payment difference. Based on what

Friday, July 08, 2016 11:47 am
By Holden Lewis ·

Home-shoppers, be cheerful: Job growth in June was surprisingly high, but the news hasn’t had much effect on mortgage rates. They’re staying near record lows. Read this week’s mortgage analysis, in which the 30-year-fixed fell to just shy of its all-time low at 3.52%. RATE SEARCH: Ready to shop for a mortgage? Find the best

Wednesday, July 06, 2016 11:35 am
By Holden Lewis ·

The 30-year, fixed-rate mortgage fell this week to just above its all-time lowest level. And people already are taking advantage, flooding mortgage companies with refinance applications. The benchmark 30-year fixed averaged 3.52% this week. The record low is 3.5%, set in December 2012. I’m betting that it will go even lower. At the same time,

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