Real Estate

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 …

Mortgage Market Update – Rates Dip on Optimism About Inflation Read More »

Mortgage Market Update – Rates Tick Down But Housing Unaffected

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 »

Mortgage Market Update – Rates Retreat a Bit

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 …

Mortgage Market Update – Rates Retreat a Bit Read More »

Mortgage Market Update – Rates Continue Their Climb

By Douglas Katz From Freddie Mac: The uncertainty and volatility in financial markets is heavily impacting mortgage rates. Our survey indicates that the range of weekly rate quotes for the 30-year fixed-rate mortgage has more than doubled over the last year. This means that for the typical mortgage amount, a borrower who locked-in at the …

Mortgage Market Update – Rates Continue Their Climb Read More »

Mortgage Market Update – Rates up 1/4 point. What now?

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 »

New VA Loan Limits Give Veterans the Chance to Save Money

By Douglas Katz – 09/21/2022 On the heels of last week’s announcement regarding the increase in loan limits for conforming conventional loans, i.e. what Fannie Mae and Freddie Mac will allow, many lenders have also updated their allowable limits for VA Loans.  This was expected, but the release of these limits as an official policy …

New VA Loan Limits Give Veterans the Chance to Save Money Read More »

Mortgage Market Update – More of the Same for Mortgage Rates

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 »

Housing and Divorce – Do It Yourself or Do It With a Pro?

By Douglas Katz – 09/02/2022 There are many choices when it comes to divorce.  Many people default to what they know or have seen with full legal representation. There are, however, other options these days ranging from pro se, basically DIY to full representation as well as other options and hybrid approaches which meld characteristics …

Housing and Divorce – Do It Yourself or Do It With a Pro? Read More »

As the Housing Market Deteriorates for Sellers, Divorcing Couples Need to Take Heed

By Douglas Katz – 08/10/2022 Realtor.com reported this week that listings have grown at a rate of 30.7% from the same time in 2021.  This is great news for the market in general as we move toward a more balanced market, but makes things complex for divorcing couples. When analyzed with other indicators such as …

As the Housing Market Deteriorates for Sellers, Divorcing Couples Need to Take Heed Read More »

Differing Predictions for Housing Prices Forecast Between 9.7% and -0.5% Change by May 2023

  By Douglas Katz – 07/05/2022 All current predictions are down from previous years. Predictions are for single digit or negative changes in the coming year. All forecasts show capitulation that we are past the inflection point and correcting. Mortgage rates had large impact on the slow down and correction. Fortune reported yesterday on the …

Differing Predictions for Housing Prices Forecast Between 9.7% and -0.5% Change by May 2023 Read More »