By Douglas Katz – 11/29/2022 The new official loan limits for classification of conforming loans is out and it is very generous. The Federal Housing Finance Agency (FHFA) provided a great resource to see what the limits are throughout the nation as some areas have higher limits than others. Some considerations that this brings light. …
New 2023 Conforming Mortgage Loan Limits Released Read More »
By Douglas Katz – 11/18/2022 Per Freddie Mac: Mortgage rates tumbled this week due to incoming data that suggests inflation may have peaked. While the decline in mortgage rates is welcome news, there is still a long road ahead for the housing market. Inflation remains elevated, the Federal Reserve is likely to keep interest rates …
Mortgage Market Update – Rates Dip on Optimism About Inflation Read More »
By Douglas Katz – 11/16/2022 Mortgage loan approval guidelines in the lending world are ever changing. Market conditions and risk tolerance of the lenders create an environment where home loan programs are at best tweaked and at worst radically changed to match competitiveness, the market and the lenders appetite. The hard part for lenders and …
Lending Standards are Tightening – What Can You Do? Read More »
By Douglas Katz – 11/10/2022 From Freddie Mac: As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed seven percent. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to evolve. Home sales have declined significantly and, as we approach …
Mortgage Market Update – Average Mortgage Rates Above 7% With An End Of Week Improvement Read More »
By Douglas Katz – 11/05/2022 Conflict is part of the human condition. Be it due to limited resources, different view points or both, we humans like to fight and we seem to always be able to find new ways to do so. Whether in our relationships, work lives or our daily interaction with the world …
By Douglas Katz – 11/04/2022 From Freddie Mac Mortgage rates continue to hover around seven percent, as the dynamics of a once-hot housing market have faded considerably. Unsure buyers navigating an unpredictable landscape keeps demand declining while other potential buyers remain sidelined from an affordability standpoint. Yesterday’s interest rate hike by the Federal Reserve will …
Mortgage Market Update – Rates Tick Down But Housing Unaffected Read More »
By Douglas Katz – 11/02/2022 Conflict is part of the human condition. Be it due to limited resources, different view points or both, we humans like to fight and we seem to always be able to find new ways to do so. Whether in our relationships, work lives or our daily interaction with the world …
