Bock Mortgage Group - Michael Bock and Theresa NeSmith

Team Mortgage Mikes November 21, 2022

What’s Ahead For Mortgage Rates This Week – November 21, 2022

Last week’s economic reporting included readings on U.S housing markets, housing starts, and building permits issued. Data on sales of previously-owned homes were released along with weekly reports on mortgage rates and jobless claims.

Team Mortgage Mikes November 18, 2022

3 Ways That a Reverse Mortgage Can Transform Your Retirement

Are you a retired individual looking for ways to increase your financial security? If so, you may have heard of a home equity conversion mortgage, more commonly known as a reverse mortgage. Used correctly, this is one of the most effective financial products for retirees who own their home.

Team Mortgage Mikes November 17, 2022

NAHB: Home Builders Concerned Over Housing Market Conditions

The National Association of Home Builders’ Housing Market Index for November showed builders’ growing concerns over U.S. housing market conditions. November’s index reading dropped five points to 33 as compared to October’s reading of 38 and the November 2021 reading of 83.

Team Mortgage Mikes November 16, 2022

The Right (And Wrong) Reasons To Buy A House

There are many people who dream of owning a home, but you need to purchase your home for the right reasons. Simply purchasing a house because other people are doing so is not a strong reason to make such an expensive purchase. What are some of the reasons why you should purchase a house? What are some examples of bad reasons to buy a home?

Team Mortgage Mikes November 15, 2022

Mortgage 101: How Interest-Only Mortgages Work and Why They’re A Good Solution for Some Buyers

Whether you’re a first-time homebuyer or an experienced real estate investor, if you are planning to borrow funds to buy a home you will want to choose the right mortgage product. In today’s blog post we’ll explore how interest-only mortgages work and why they’re the perfect choice for some homebuyers.

Team Mortgage Mikes November 14, 2022

What’s Ahead For Mortgage Rates This Week – November 14, 2022

Last week’s scheduled economic news included readings on monthly and year-over-year inflation and the University of Michigan’s preliminary reading on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released.