Sturgis Bank News

Sturgis Bank Blog

Is Now a Good Time to Rent or Buy?

The dueling trends of rising home prices and rising rates have some first-time home buyers anxiously waiting on the sidelines, wondering if now is the right time to buy or if they should continue renting. With affordability as an issue, renting may seem like a better option, at least in the short term. However, rental rates are also rising, causing quite the conundrum for first-time home buyers. With an increase in mortgage and rental rates, many first-time home buyers are pondering the question - Should I rent or buy? 

Is it a Good Time to Buy a Home in Southwest Michigan?

To anyone following the real estate market over the last year, it likely comes as no surprise that rising prices and rising interest rates are producing a strain on housing affordability for many American families. On June 15, the Federal Reserve announced an additional 0.75% rate hike to combat inflation, making it the highest rate increase since 1994.  Given the current market landscape, is now a good time to purchase a home in Southwest Michigan?

Holiday Savings

It’s November! The air is crisp, the leaves are changing, and the most exciting thing is at the beginning of the month Sturgis Bank Holiday Savings accounts were paid out! Yes, the holidays are just around the corner so why not get an early start for the next holidays?

ICYMI: Changes to IRAs in 2020

The economic changes due to COVID-19 happened quickly and affected almost every area of life, including Individual Retirement Accounts (IRAs). The Sturgis Bank team gathered the latest news that may affect current IRA account holders and people examining retirement savings options.

RSS

scrolltop