More often than not the hardest part of doing something is the first step. Anxiety and concern about the the unknown as well as not even knowing what to ask can work against taking that difficult step, but so often the step is actually through a threshold on understanding and knowledge that can alleviate concerns …
The Divorce Housing Pro – More Equipped to Help You With Our New Online Form Read More »
By Douglas Katz I am back after an unintended week off, but some interesting things going on it the market now. I am also launching a new format, so I hope that you enjoy it. General Commentary Fed action this week resulted in another 0.25% to the Federal Funds Rate. This was much more muted …
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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 – 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 Doug Katz – 9/23/2022 From Freddie Mac The housing market continues to face headwinds as mortgage rates increase again this week, following the 10-year Treasury yield’s jump to its highest level since 2011. Impacted by higher rates, house prices are softening, and home sales have decreased. However, the number of homes for sale remains …
Mortgage Market Update – Rates up 1/4 point. What now? Read More »
By Doug Katz – 9/16/2022 Per Freddie Mac: Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008. Although the increase in rates will continue to dampen demand and put downward pressure on home prices, inventory remains inadequate. This indicates that while home price …
Mortgage Market Update – More of the Same for Mortgage Rates Read More »
By Douglas Katz – 06/23/2022 So now that I have your attention, no we are no talking about your appendages. We are talking about adjustable rate mortgage (ARMs) and their use is on the rise again. CNBC just published an article titled Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 …
Mortgages Explained – The Adjustable Rate Mortgage (ARM) Read More »
By Douglas Katz – 06/23/2022 Mortgage rates have been at the height of discussion and media coverage lately. After a long period of the lowest rates in recorded mortgage history. rates have spiked. This freaked out buyers, killed all refinances and generally created a mild panic. What is interesting, however, is that many prospective buyers …
By Doug Katz – 06/20/2022 It is no secret that the housing and mortgage markets are changing and not for the better. As expected, there has been a deluge of articles of new programs and other ways to juice your purchasing power to still be able to buy a home. I am deliberately leaving out …
Have a Personal Budget Defined BEFORE You Buy a Home! Read More »
