Month: December 2022

Mortgage Market Update – Rates Continue Downward Slide But Fed Move Makes Rate Future Uncertain

By Douglas Katz – 12/15/2022 From Freddie Mac: Mortgage rates continued their downward trajectory this week, as softer inflation data and a modest shift in the Federal Reserve’s monetary policy reverberated through the economy. The good news for the housing market is that recent declines in rates have led to a stabilization in purchase demand. …

Mortgage Market Update – Rates Continue Downward Slide But Fed Move Makes Rate Future Uncertain Read More »

Mortgage Market Update – Downward Mortgage Rate Trend Continues

By Douglas Katz – 12/9/2022 From Freddie Mac: Mortgage rates decreased for the fourth consecutive week, due to increasing concerns over lackluster economic growth. Over the last four weeks, mortgage rates have declined three quarters of a point, the largest decline since 2008. While the decline in rates has been large, homebuyer sentiment remains low …

Mortgage Market Update – Downward Mortgage Rate Trend Continues Read More »

Cash Out Refinances To Be More Expensive in 2023

By Douglas Katz – 12/07/2022 If you have not heard, mortgage rates have been trending up lately.  This is an important consideration, but it is only one aspect of the pricing for a loan.  In addition to the base rate which is more or less determined by market and economic conditions, pricing will be impacted …

Cash Out Refinances To Be More Expensive in 2023 Read More »