Nikki Rini MLO NMLS 1485304

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Nikki Rini MLO NMLS 1485304

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Nikki Rini MLO NMLS 1485304, Mortgage brokers, Detroit, MI.

Educating and providing all people on the fastest , easiest , and cheapest way to home ownership and financial freedom

NMLS #339121/1799791
DRE 0170303/02078805

10/06/2025

Missing my braids right about now , is it Halloween yet ? Griz in Chicago on Halloween and dear lord I’ve never needed that sax more

09/27/2025

Car selfie for the win curls on point and chefs kiss to .parratto on the lashes she always kills it

09/19/2025

Story Time : This couple is getting ready to get their keys after looking for homes since January ! First time home buyers who like many others made a few offers but it was super competitive. They stayed patient , and their realtor is one of the best agents in the state and she was able to get a max seller concession covering all closing costs and didn’t go over the asking price . They got a below market rate well under their payment goal and were rewarded for their patience!

If you were looking last year or earlier this year and made some offers but got beat out the market is shifting ; rates are lower and seasonally now through March is the best time to buy .

09/18/2025

Mortgage rate update 09/18 📉: Just like I said yesterday mortgage rates are going to be higher this morning after the Fed announced the first cut of the year

🛑THE FED DOESNT CONTROL MORTGAGE RATES !!!
Mortgage rates follow the mortgage backed security and bond market specifically the US 10yr treasury

🙈Last year the US 10 yr treasury hit its low 3.72 before the Fed cut was announced and was back up to 4.25 by November 1st . So mortgage rates spiked after the Fed cut rates last year

Which is why Trump calling for the Fed to drop rates by over 1% is the dumbest thing they could possibly do and would send inflation and prices through the roof . The president shouldn’t control monetary policy ask Turkey how that has gone for them

09/03/2025

The went crazy here

08/12/2025

July CPI Report: What You Need to Know 📊

Headline:
• Inflation (YoY): 2.7%, holding steady from June.
• Core CPI (excludes food & energy): 3.1%, up from 2.9% — still above the Fed’s 2% target.

Noteworthy Details:
• Energy prices dropped (gasoline down ~2.2%), helping temper headline inflation.
• Service costs—like airfare and medical care—are driving core inflation higher.

⸻

Why It Matters for Rates
• Rate Cut in September Looks Likely: Investors now see about a 90% chance of a Fed rate cut next month, according to futures data.
• Stock Markets Rally: Wall Street responded positively, reflecting growing confidence in future rate easing.
• Balanced Outlook: While the Fed notes core inflation is still elevated, stabilized headline CPI gives them room to consider easing—particularly as job data softens.

⸻

TL;DR for Home Buyers & Homeowners
• Steady inflation + manageable core prices = higher odds of a cut.
• Smart move: Discuss refinance or rate lock options soon before rates shift.

⸻

Let me know if you’d like to dive deeper into how this impacts your financing strategy!

07/02/2025

📉 Mortgage Refinance Demand Surges – What Buyers & Homeowners Need to Know 🏠

• 🔁 Refinance Apps Jump: Weekly refinance applications surged 7%, while rates dropped from 6.88% to 6.79% for 30-year fixed loans .

• 📈 Big YoY Increase: Refinance demand is up ~27% week-over-week, and 42% higher than last year

• ⚖️ Why It Matters: Even small rate dips can yield monthly savings and boost chances to lock in better deals.

🔑 What This Means for You:
• Homeowners: If your current rate is over 6.8%, it’s worth exploring a refinance to potentially lower monthly payments.

Source CNBC

Nikki Rini MLO NMLS 1485304

06/25/2025

🏠 Housing Market Update: Price Drops Are Spreading 📉

More metro areas are seeing home prices fall—and buyers are gaining the upper hand 👇

🔻 96 out of the 300 largest U.S. housing markets saw year-over-year price drops (up from just 31 in January!)
📆 Home price growth has slowed to just +0.5% YoY, down from 3.9% last year
📉 Big-name markets seeing declines:
• Austin: -5.5%
• Tampa: -5.4%
• Dallas & Phoenix: -3.4%
• Orlando, Miami, Jacksonville: -3% range
• San Fran, Denver, San Diego: down 1–2.5%

🏜️ Sun Belt slowdown: Areas that boomed during the pandemic are now cooling off due to:
🧱 New home supply
💸 Affordability issues
🧮 Builders offering price cuts or rate buydowns

📊 Expect more price drops ahead as inventory grows and buyers remain cautious.

🎯 Buyers: More leverage + more options
🎯 Sellers: Time to price smart and prep your listings

05/30/2025

📉 Housing Market Update: Sellers Outnumber Buyers by Record Margin

The U.S. housing market is experiencing a significant shift:
• 🏠 Supply Surge: As of April 2025, there are approximately 1.9 million homes for sale, with only 1.5 million buyers actively searching. This 34% surplus of sellers over buyers is the largest gap recorded since 2013.
• 💰 Affordability Challenges: High mortgage rates, averaging 6.73%, coupled with elevated home prices, are deterring potential buyers. The median home sale price rose 1.6% year-over-year to $431,931 in April, leading to record-high monthly housing payments.
• 📉 Price Adjustments Expected: With sellers competing for a limited pool of buyers, Redfin forecasts a 1% decrease in home prices by the end of 2025.
• 📍 Regional Disparities:
• Buyer’s Markets: Cities like Miami, West Palm Beach, and Fort Lauderdale are seeing nearly three times more sellers than buyers, indicating strong buyer’s markets.
• Seller’s Markets: Conversely, areas like Newark, NJ, and Nassau County, NY, have more buyers than sellers, maintaining seller’s market conditions.

🔑 Takeaway: The balance of power is shifting towards buyers, especially in regions with high inventory levels. Sellers may need to adjust expectations and consider price reductions or incentives to attract buyers in this evolving market.

05/24/2025

Memorial Day Weekend in

Movement at Hart Plaza
Celebrating 25 years of thumping bass, hypnotic beats and some of the best people-watching on the planet, Detroit’s annual techno festival returns. This year’s Movement is headlined by Jeff Mills, Charlotte de Witte and John Summit. Carl Craig and Moodymann will play a joint set with Mike Banks as part of Saturday’s opening night, kicking off the three-day festival. Sat.-Mon. Single day tickets start at $205.66. Jefferson at Woodward, Detroit. Movementfestival.com.
Memorial Day Parades in Metro Detroit
Cities and communities across the region will host parades this weekend for the Memorial Day holiday. Billed as the oldest Memorial Day Parade in Michigan, Dearborn’s parade returns for its 99th year at 9:30 a.m. Mon. One of the few Sunday parades, the 72nd annual St. Clair Shores Memorial Day Parade returns to Harper at Nine Mile at 1 p.m. Sunday. In Hazel Park, Memorial Day will be celebrated all weekend with a festival and carnival at Green Acres Park with a 10 a.m. Monday parade from Hazel Park Junior High School to the Community Center.

05/22/2025

Detroit ranked as the top city in THE COUNTRY to visit !

“Detroit is sometimes unfairly judged on its history — the once prosperous city, home of Ford motors and more, fell into huge decline during the second half of the last century, so much so that there are tours of the skeleton remains of factories, warehouses and theatres. The revamp and official reopening in 2024 of the once glamorous, then derelict Michigan Central Station symbolised a new era for the birthplace of Motown music. But there had been signs of change and renewal for decades, with fresh, independent restaurants and great community initiatives: the city has a true entrepreneurial spirit.”

Link to story in comments

Address

Detroit, MI

Telephone

+13136430846

Website

https://www.mtgscience.com/

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