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 …
By Douglas Katz – 10/27/2022 From Freddie Mac: The 30-year fixed-rate mortgage broke seven percent for the first time since April 2002, leading to greater stagnation in the housing market. As inflation endures, consumers are seeing higher costs at every turn, causing further declines in consumer confidence this month. In fact, many potential homebuyers are …
Mortgage Market Update – 7 is Far From Lucky as Rates Hit New Highs Read More »
By Douglas Katz – 10/25/2022 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 …
From Freddie Mac: The 30-year fixed-rate mortgage continues to remain just shy of seven percent and is adversely impacting the housing market in the form of declining demand. Additionally, homebuilder confidence has dropped to half what it was just six months ago and construction, particularly single-family residential construction, continues to slow down. Commentary The …
Mortgage Market Update – Market Erosion Continues with Rates Stabilinzing Read More »
By Douglas Katz – 10/14/2022 From Freddie Mac Rates resumed their record-setting climb this week, with the 30-year fixed-rate mortgage reaching its highest level since April of 2002. We continue to see a tale of two economies in the data: strong job and wage growth are keeping consumers’ balance sheets positive, while lingering inflation, recession …
By Douglas Katz From Freddie Mac: Mortgage rates decreased slightly this week due to ongoing economic uncertainty. However, rates remain quite high compared to just one year ago, meaning housing continues to be more expensive for potential homebuyers. Commentary This really amounts to very little impact for buyers. When the industry talks about increases and …
