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Mortgage Market Update – Rates Tick Down But Housing Unaffected

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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 …

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Mortgage Market Update – 7 is Far From Lucky as Rates Hit New Highs

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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 …

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Mortgage Market Update – Market Erosion Continues with Rates Stabilinzing

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  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 …

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Mortgage Market Update – Rates Headed Up Again

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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 …

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Mortgages Explained – VA Loans: Entitlement, Multiple Loans and Subsequent Use

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By Doug Katz – 9/21/2022 VA Loans are unique in many ways.  One that befuddles everyone outside of the lending industry and even some in the industry is entitlement and the rules regarding multiple loans and subsequent use.  I hope that I can explain it to demystify the concepts, highlight some of the challenges that …

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When You Hear the D-Word, Think About the M-Word

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By Doug Katz – 09/12/2022 Everybody past a certain age has experienced it.  A couple that they know is having problems and considering splitting,  All too often, the response is focused only on the emotional without any help on the as important part of helping them develop a plan for resolution.  This is not intentional, …

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August 19th Mortgage Market Update

Mortgage Market Update – The Rate Volatility Pause That Refereshes

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By Douglas Katz – 8/19/2011 Per Freddie Mac Inflation appears to be beyond its peak, which has stopped the rapid increase in mortgage rates that the housing market was experiencing earlier this year. The market continues to absorb the cumulative impact of the large price and rate increases that led to a plunge in affordability. …

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