Adjustable-Rate Mortgages Are About a Point Cheaper Than Fixed Right Now. What Oakland County Buyers Should Check First
A 5-year ARM averaged 6.4% in October vs. 7.4% for a 30-year fixed. In Oakland County, 12.2% of 2025 purchase loans were ARMs, nearly twice Michigan’s share, mostly larger loans. Payment math, reset caps and the qualifying-rate catch.
Why Oakland County Mortgage Applications Get Denied, and the 50% Debt Line That 7% Rates Push Buyers Toward
About one in eight 2025 home-purchase mortgage applications in Oakland County was denied. Federal HMDA records show the real cutoff is a 50% debt-to-income ratio, not 43%, and how today’s 7.24% rates push borderline buyers toward it.
What It Took to Buy a Home in Southeast Oakland County: 2025 Buyer Incomes and Down Payments, City by City
Federal mortgage records for 2025 show what financed buyers in Troy, Royal Oak, Birmingham, Ferndale, Southfield and other Southeast Oakland County cities actually earned, borrowed and put down, and what the same loans cost at today’s 7.24% rates.