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interest rates

Steve Carmody / Michigan Radio

One analyst says Michigan and other parts of the county are turning from seller's to buyer's markets.

Daren Blomquist with Attom Data Solutions says mortgage originations dropped 27% nationally in the second quarter in 2018 compared to the previous year.  The drop was bigger in some Michigan markets.

Steve Carmody / Michigan Radio

U.S. stocks are slightly lower following some mixed economic news out of China.

Traders are also looking ahead to a Federal Reserve meeting that begins Wednesday. The bank could raise interest rates for the first time since the financial crisis.

A Michigan State University economist does not expect this week’s anticipated interest rate hike by the Federal Reserve will have a noticeable effect on Michigan’s economy.