Mortgage Rates at 3 Year Lows
📉😀Mortgage Rates are at 3 Year Lows
Fall greetings! The Fed's rate cuts are delivering: 30-year fixed mortgages hit 6.2% – lowest in three years (Freddie Mac, Oct 22, 2025). That's $200–$300/month savings on a $400,000 loan vs. spring peaks. Inventory's up 20%, homes linger 10–15 days longer, and 42% of sellers cut prices by 4%. Buyer's market alert!
🚀 Buyers: Affordability Boost – Go Aggressive!
Rates ease payments, inventory rises 15–20%, and bidding wars fade. Mid-October's prime for deals, per Realtor.com.
Top Tips:
Get pre-approved to lock rates (steady at 6–6.5% thru year-end).
Negotiate concessions/repairs on discounted listings.
Target value areas; prices grow just 1–2% in 2025.
First-timers: Use FHA/down payment aid.
🏠 Sellers: Buyer Surge Incoming – Price Sharp!
Showings up 10–15%; homes sit 20–30% longer, but traffic's rising.
Key Moves:
Price 5–7% below comps for 2–3 week faster sales.
Stage updates/curb appeal.
Offer buydowns/credits; 1–4% appreciation ahead.
Next Steps?
Market balancing toward 2026 gains – don't miss this window
🎃Fun Michigan Events This Weekend: Spooky Halloween Highlights (Oct 24-26)
Halloween is heating up across the Great Lakes State—think costumed parades, historic haunts, and island chills under the fall moon. Whether you're chasing candy with the kids or seeking grown-up thrills, these three events deliver pure Michigan magic. Bundle up for those crisp evenings and dive in—details on dates, costs, and logistics below.
Hallowe'en in Greenfield Village
When: Thursday-Sunday, October 23-26, 6:00-10:00 PM Where: Greenfield Village, 20900 Oakwood Blvd, Dearborn, MI 48124 What to Expect: Michigan's premier outdoor Halloween extravaganza blends family whimsy with eerie history: Over 50 costumed characters (from the Grim Reaper to Peter Pan) roam the lantern-lit streets, plus immersive literary scenes like Wizard of Oz reenactments and Sleepy Hollow tales. Stroll jack-o'-lantern paths, catch live music, hop on carousel rides, and ride the ghoulish train (add-on ticket). Fresh this year: A '50s/'60s Hallowe'en Hop with zombie DJs spinning retro tunes—pure nostalgic spooktacular! Cost: $27-38 per person (kids 2-11 around $20, under 2 free); parking $9; train add-on $5. Dining packages extra (from ~$50+ for themed meals). How to Get There: Just off I-94, about 20 minutes from downtown Detroit. Ample on-site lots; rideshares drop right at the gate—use the app for easy pickup.
Ann Arbor Trick or Treat Parade
When: Sunday, October 26, 11:30 AM-3:00 PM Where: Main Street, Ann Arbor, MI (line up at Ann Arbor District Library, starts at noon from Liberty & Fifth) What to Expect: This freewheeling downtown bash turns Main Street into a costumed candy wonderland: Join the parade with ghouls, superheroes, and witches of all ages, then hit up local businesses for trick-or-treating, plus games, spooky crafts, and street performers. It's an all-ages street party vibe—stock up those treat bags and soak in the autumn energy! Cost: Completely free— just bring your costumes and reusable bags for the haul. How to Get There: Hop on US-23 from Detroit (about 45 minutes). Park in nearby structures (~$2/hour) or bike in; the route is super pedestrian-friendly with easy access from campus or Kerrytown.
Mackinac Island Halloween Weekend
When: Friday-Sunday, October 24-26 (events throughout the day/evening) Where: Mackinac Island (various spots, including downtown and Grand Hotel) What to Expect: Bid adieu to the spooky season with this island finale: Family-friendly daytime fun like the Great Turtle Trail Run (scenic 5K/10K loops with medals and swag), kiddo trick-or-treating in downtown shops, and evening adult costume bashes at historic inns. Top it off with the Grand Hotel's haunted trail and maze (6-10 PM Fri-Sat)—twisty paths through fog-shrouded gardens. Catch peak fall foliage on a ferry ride; it's the perfect last-chance island escape before winter closes in. Cost: Most island events free; ferry roundtrip ~$30/adult (kids discounted); trail run $40-60; hotel packages from $400/night. How to Get There: Ferry from Mackinaw City (Star Line or Shepler's, 15-20 minute crossing) or St. Ignace. Drive to Mackinaw City via I-75 (about 4 hours from Detroit)—book ferries in advance online. Bikes allowed on board for $10 extra to pedal the car-free island.
📈Keeping Up With the Market!
*All Data pulled today throughout all of Michigan!
If you—or someone you know—need anything at all I’d be happy to help!
All the best,
Tim Tripon
📱 248.835.8197