Month: August 2022

Fannie Mae Predicting Drop in Rates for 2023 – What You Should Know.

By Douglas Katz – 08/30/2022 Fannie Mae predicting mid-4% range by 2023. Home prices are still high so lower rates could help. Inventory is increasing but a a slower than hoped pace. Timing may be on your side but trying to time the market is not recommended. There is some good news on the rate …

Fannie Mae Predicting Drop in Rates for 2023 – What You Should Know. Read More »

August 19th Mortgage Market Update

Mortgage Market Update – The Rate Volatility Pause That Refereshes

By Douglas Katz – 8/19/2011 Per Freddie Mac Inflation appears to be beyond its peak, which has stopped the rapid increase in mortgage rates that the housing market was experiencing earlier this year. The market continues to absorb the cumulative impact of the large price and rate increases that led to a plunge in affordability. …

Mortgage Market Update – The Rate Volatility Pause That Refereshes Read More »

The National Association of Home Builders Reports Low Point Among Builder Confidence

ORIGINALLY PUBLISHED ON REDLEG FUNDING BLOG – ADDITIONAL COMMENTARY ADDED. By Douglas Katz – 08/14/2022 Mortgage rates continue the upward trend slowing buyer activity, to include new construction. Builders are reacting to market conditions with a lower confidence which has been the case for almost a year. Inflation and other negative market conditions are pointing …

The National Association of Home Builders Reports Low Point Among Builder Confidence Read More »

Mortgage Market Update – Rates Reverse Recent Declines

By Douglas Katz – 08/12/2022 Per Freddie Mac: The 30-year fixed-rate went back up to well over five percent this week, a reminder that recent volatility remains persistent. Although rates continue to fluctuate, recent data suggest that the housing market is stabilizing as it transitions from the surge of activity during the pandemic to a …

Mortgage Market Update – Rates Reverse Recent Declines Read More »

As the Housing Market Deteriorates for Sellers, Divorcing Couples Need to Take Heed

By Douglas Katz – 08/10/2022 Realtor.com reported this week that listings have grown at a rate of 30.7% from the same time in 2021.  This is great news for the market in general as we move toward a more balanced market, but makes things complex for divorcing couples. When analyzed with other indicators such as …

As the Housing Market Deteriorates for Sellers, Divorcing Couples Need to Take Heed Read More »