Big Week Ahead – Expect Fed to Raise Rates and Prepare for Higher Mortgage Rates

By Douglas Katz – 06/13/2022 The Federal Reserve meets on 6/15 and it is widely expected that they will raise rates.  Jerome Powell has consistently been communicating more aggressive actions meant to stem inflation, which is at a decades high 8.6%.  Based on this, it would not be crazy for the Fed to bump rates …

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Weekly Mortgage Rate Update – Mortgage Rates Increase

Per Freddie Mac: After little movement the last few weeks, mortgage rates rose again on the back of increased economic activity and incoming inflation data. The housing market is incredibly rate-sensitive, so as mortgage rates increase suddenly, demand again is pulling back. The material decline in purchase activity, combined with the rising supply of homes …

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The Housing Affordability Crisis and Why It Matters in Divorce

By Douglas Katz – 06/09/2022 The National Association of Realtors reported recently that the rise in home prices and higher mortgage rates adversely impacted housing affordability by 29% over the last year.  This is the worst point in housing affordability in decades. While generally this impacted present homeowners save a likely bump in their real estate …

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