Mortgage Rates Rise, but Predictions Remain Steady

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Mortgage rates for 30-year fixed loans rose this week, with the rate borrowers were quoted on Zillow Mortgages at 3.61 percent on Tuesday, up 8 basis points from the same time last week. On Thursday morning, the national rate was at 3.71%.

However, the long-predicted rise in mortgage rates still appears to be on hold. After a report that economic growth slowed during the winter, the Federal Reserve signaled Wednesday it will not raise its benchmark interest rate in the near future.

According to Zillow Mortgages, the 30-year fixed mortgage rate rose early in the week, then hovered around 3.60 percent before rising to 3.61 percent Tuesday.

“Rates were essentially flat last week, remaining in the range they have been in for the past month,” said Erin Lantz, vice president of mortgages at Zillow.

Additionally, the 15-year fixed mortgage rate was 2.84 percent, and the rate for 5/1 ARMs also was 2.84 percent.

Check Zillow Mortgages for rate trends and up-to-the-minute mortgage rates for your state, or use the mortgage calculator to calculate monthly payments at the current rates.

A look at the broader mortgage rate trend for the past six months:

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$1,090,000 :: 2397 PEBBLE BEACH, Oakland Twp MI, 48363

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Property Photo

4 beds, 3 full, 2 part baths
Home size: 4,801 sq ft
Lot Size: 65,340 sq ft
Added: 04/28/16, Last Updated: 04/29/16
Property Type: Residential
MLS Number: 216040206
Community: Oakland Twp
Tract: TWIN LAKES II CONDO OCCPN 1780
Status: Pending

Custom Paul Anthony Home on 1.5 acres facing a natural preserve in gated Twin Lakes. Only high quality finishes in this 4801 sq.ft, 4 bed, 3.2 bath open-concept walk out home. Home features 3/4/5” hand scrapped wood floors, Centra Cabinetry, coffered ceiling, extensive crown molding, craftsman style wainscoting, surround sound, Homearama quality light fixtures, 4 car garage & stunning brick terrace. Kitchen design out of “Home & Garden Magazine”. Checkout the 10ft island, farm sink, high end stainless steel appliance package- and million dollar views! Exceptionally large step-up master retreat w/ hotel quality spa bath and huge California closet walk-in closet. 3 additional bedrooms/ 2nd floor laundry/ 2 floor Family Room and the list goes on & on! Serenity of that up north feeling but the luxury of in town living. Twin Lakes offers swimming, tennis & play grounds for an annual charge & is a public golf course. Pictures don’t lie! Baldwin, Hart & Stoney Creek. Welcome Home!

Listed with Berkshire Hathaway HomeServices HWWB


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$2,199,000 :: 5345 ORCHARD RIDGE Drive, Rochester MI, 48306

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6 beds, 6 full, 2 part baths
Home size: 7,062 sq ft
Lot Size: 80,586 sq ft
Added: 04/29/16, Last Updated: 04/29/16
Property Type: Residential
MLS Number: 216040869
Community: Oakland Twp
Tract: ORCHARD RIDGE OCCPN 1031
Status: Active

Situated within a private gated community and presiding on almost 2 lush acres of property including water feature, terrace and sparkling pool. Over 10,000+ total Sq. Ft. offer spacious accommodations and variety of entertainment options. 2 story living room with abundance of natural light. Gourmet kitchen with stainless steel appliances and delightful eat-in breakfast room overlooking the grounds. Handsome entry level library w/Judges paneling. 6 bedrooms including the sumptuous master suite with lounge area and private bathroom. Expansive walkout lower level is equipped for grand sized entertaining and features billiards room, additional family room, bedroom and full bathroom, exercise room and direct access to rear yard. Effortless outdoor entertaining with deck, patio with fireplace, Beautiful gardens and pergola create an oasis-like serenity complete with pool.

Listed with Max Broock, REALTORS®-Birmingham


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$2,199,000 :: 5345 ORCHARD RIDGE Drive, Rochester MI, 48306

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Property Photo

6 beds, 6 full, 2 part baths
Home size: 7,062 sq ft
Lot Size: 80,586 sq ft
Added: 04/29/16, Last Updated: 04/29/16
Property Type: Residential
MLS Number: 216040869
Community: Oakland Twp
Tract: ORCHARD RIDGE OCCPN 1031
Status: Active

Situated within a private gated community and presiding on almost 2 lush acres of property including water feature, terrace and sparkling pool. Over 10,000+ total Sq. Ft. offer spacious accommodations and variety of entertainment options. 2 story living room with abundance of natural light. Gourmet kitchen with stainless steel appliances and delightful eat-in breakfast room overlooking the grounds. Handsome entry level library w/Judges paneling. 6 bedrooms including the sumptuous master suite with lounge area and private bathroom. Expansive walkout lower level is equipped for grand sized entertaining and features billiards room, additional family room, bedroom and full bathroom, exercise room and direct access to rear yard. Effortless outdoor entertaining with deck, patio with fireplace, Beautiful gardens and pergola create an oasis-like serenity complete with pool.

Listed with Max Broock, REALTORS®-Birmingham


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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Your Place: A Little Fresh Paint Can Help Woo A Homebuyer

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(TNS)—I know I talked about painting in a recent column, but that was just about my plans for the exterior of the house this year. In the meantime, the Paint Quality Institute in Spring House has come up with suggestions for sprucing up a house to get it ready for sale. The top 10 touch-ups: […] Continue Reading →

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$659,900 :: 2609 SUMMERLIN Court, Oakland Twp MI, 48306

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4 beds, 3 full, 1 part baths
Home size: 2,582 sq ft
Lot Size: 0 sq ft
Added: 01/16/16, Last Updated: 04/30/16
Property Type: Condo
MLS Number: 216005170
Community: Oakland Twp
Tract: CLOISTERS AT OAKLANDS CONDO
The price of this listing was last reduced on 4/30/2016 by 3%
Status: Active

Exceptional details and exquisite quality throughout, Moceri custom built detached villa in the Cloisters of Oakland Township. Spacious open floor plan is perfect for entertaining yet cozy enough for two, features great room with fireplace, fabulous updated kitchen, new cabinets, granite counters, stainless steel appliances, desirable first floor master suite with fireplace, dual walk-in closets and newly renovated luxurious bath. Beautifully finished walkout lower level boasts, relaxing family room, wet bar, 4th bedroom, full bath, exercise or craft room, workroom and abundant storage. New deck, new paver patio, diamond flooring in garage and peace of mind back-up generator! Over $80k in renovations; nothing left untouched. Home is immaculate!!!

Listed with Real Living Kee Realty


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$659,900 :: 2609 SUMMERLIN Court, Oakland Twp MI, 48306

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Property Photo

4 beds, 3 full, 1 part baths
Home size: 2,582 sq ft
Lot Size: 0 sq ft
Added: 01/16/16, Last Updated: 04/30/16
Property Type: Condo
MLS Number: 216005170
Community: Oakland Twp
Tract: CLOISTERS AT OAKLANDS CONDO
The price of this listing was last reduced on 4/30/2016 by 3%
Status: Active

Exceptional details and exquisite quality throughout, Moceri custom built detached villa in the Cloisters of Oakland Township. Spacious open floor plan is perfect for entertaining yet cozy enough for two, features great room with fireplace, fabulous updated kitchen, new cabinets, granite counters, stainless steel appliances, desirable first floor master suite with fireplace, dual walk-in closets and newly renovated luxurious bath. Beautifully finished walkout lower level boasts, relaxing family room, wet bar, 4th bedroom, full bath, exercise or craft room, workroom and abundant storage. New deck, new paver patio, diamond flooring in garage and peace of mind back-up generator! Over $80k in renovations; nothing left untouched. Home is immaculate!!!

Listed with Real Living Kee Realty


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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