Featured Home – 5319 Marshland
NEW CONSTRUCTION
5319 Marshland Ct. Whitmore Lake, MI 48189
Asking Price: $280,900
To be built. Two-story energy efficient home with 4 bedrooms and 2.5 baths, to be built by Peters Building Company. This home has over 2100 square feet with an open floor plan, featuring large combined living and dining space, plus a bonus room/potential first floor office. Four bedrooms upstairs including a master suite with his and hers walk-in closets. Home also features first floor laundry, attached two-car garage, and walkout basement waiting to be finished. Located in the Mystic Ridge subdivision, with 183 acres of preserved land and miles of walking trails that give an Up North feel. Dexter schools. Additional homes and sites available.
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Availability of Featured Homes is not guaranteed. Please contact me for more information.
Listing courtesy The Charles Reinhart Company
Now is the Time to Buy
Weaker than expected economic reports caused a slump in mortgage rates this week, according to the latest data released Thursday by Freddie Mac.
The 30-year fixed-rate average dropped to 3.59 percent with an average 0.7 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.66 percent a week ago and 4.32 percent a year ago. Since December, the 30-year fixed rate has fallen 28 basis points to start the new year.
The 30-year fixed rate, the most popular type of mortgage, hasn’t been this favorable since May 23, 2013 when it was also 3.59 percent. The 15-year fixed-rate average fell to 2.92 percent with an average 0.6 point. It was 2.98 percent a week ago and 3.4 percent a year ago. It was the fourth week in a row the 15-year fixed rate has remained below 3 percent.
Many economists believe that the Federal Reserve is seeking to raise federal funds rates this year which will result in an increase in mortgage rates.
How much are we talking here? Just to give you an example, even a one point increase in the interest rate from 3.60 percent to 4.60 percent on a 30 year $200,000 loan equals an increase of $116 per monthly payment. That’s almost $1,400 per year. I’m sure you could find better things to do with the extra money in your pocket.
If you are thinking of buying this year, don’t wait another minute, call me today.
Featured Home – 1540 Newport Creek
EXQUISITE LUXURY HOME
1540 Newport Creek Ann Arbor, MI 48103
Asking Price: $1,150,000
Located in Newport Creek on exceptional private wooded lot, experience tree top views from this Harris built custom home. Highlighted by high-end upgrades throughout, this home exudes class. High ceilings, solid core 9′ doors, crown molding, walls of windows & hardwood floors on 1st floor. Library with built-in bookcases off 2-story foyer. Vaulted living room and 10′ ceiling in formal dining room. Incredible gourmet kitchen with two islands, cherry cabinets, stainless steel appliances with outside exhaust, tile backsplash and breakfast nook. Cozy family room features fireplace and floor to ceiling windows with spectacular views of backyard. Master suite with tray ceiling, bath with ceramic floors, 2 person shower, granite counters & large walk-in closet. Professionally finished walk-out lower level matches the quality of the main floor and features a family room with an over-the-top top granite wet bar with cherry wood cabinets, stainless steel appliances, and a guest suite including full bath, theater room and lots of storage. Large deck.
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Availability of Featured Homes is not guaranteed. Please contact me for more information.
Listing courtesy Keller Williams Ann Arbor