Mortgage Market Update – Rates Continue Downward Trend and Many Mortgages Just Got Cheaper for a Different Reason

By Douglas Katz – 1/20/23 Per Freddie Mac: As inflation continues to moderate, mortgage rates declined again this week. Rates are at their lowest level since September of last year, boosting both homebuyer demand and homebuilder sentiment. Declining rates are providing a much-needed boost to the housing market, but the supply of homes remains a …

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Divorce and Your Home – Avoiding the “I Didn’t Know.”

By Douglas Katz – 01/19/2023 There are many types of divorce.  From different levels of legal representation to different degrees of animosity, divorce is varied and unique to each couple.  What does not differ is the requirement to deal with the physical, tangible things that need to de dispositioned and/or divided.  Maybe it is just …

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Mortgage Market Update – Rates Trending Downward but NO Guarantees for Future Moves

By Douglas Katz – 01/13/23 From Freddie Mac: While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates. Over the last few weeks latent demand has been on display with buyers jumping in and out of the market as …

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Upcoming Mortgage Changes and Considerations for 2023

By Douglas Katz – 01/05/2023 Well, we are officially in the new year and the mortgage industry is expected to see some changes that can impact potential deals.  Because divorcing borrowers already have complex situations, couples facing a split should pay special attention to the changes both good and bad.  Here are some highlights that …

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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. …

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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 …

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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 …

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New 2023 Conforming Mortgage Loan Limits Released

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. …

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Mortgage Market Update – Rates Dip on Optimism About Inflation

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 …

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