housing

Mortgage Market Update – Rates Continue Downward Trend and Many Mortgages Just Got Cheaper for a Different Reason

By Douglas Katz – 1/20/23 Per Freddie Mac: As inflation continues to moderate, mortgage rates declined again this week. Rates are at their lowest level since September of last year, boosting both homebuyer demand and homebuilder sentiment. Declining rates are providing a much-needed boost to the housing market, but the supply of homes remains a …

Mortgage Market Update – Rates Continue Downward Trend and Many Mortgages Just Got Cheaper for a Different Reason Read More »

Divorce and Your Home – Avoiding the “I Didn’t Know.”

By Douglas Katz – 01/19/2023 There are many types of divorce.  From different levels of legal representation to different degrees of animosity, divorce is varied and unique to each couple.  What does not differ is the requirement to deal with the physical, tangible things that need to de dispositioned and/or divided.  Maybe it is just …

Divorce and Your Home – Avoiding the “I Didn’t Know.” Read More »

Mortgage Market Update – Rates Trending Downward but NO Guarantees for Future Moves

By Douglas Katz – 01/13/23 From Freddie Mac: While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates. Over the last few weeks latent demand has been on display with buyers jumping in and out of the market as …

Mortgage Market Update – Rates Trending Downward but NO Guarantees for Future Moves Read More »

Upcoming Mortgage Changes and Considerations for 2023

By Douglas Katz – 01/05/2023 Well, we are officially in the new year and the mortgage industry is expected to see some changes that can impact potential deals.  Because divorcing borrowers already have complex situations, couples facing a split should pay special attention to the changes both good and bad.  Here are some highlights that …

Upcoming Mortgage Changes and Considerations for 2023 Read More »

Mortgage Market Update – Downward Mortgage Rate Trend Continues

By Douglas Katz – 12/9/2022 From Freddie Mac: Mortgage rates decreased for the fourth consecutive week, due to increasing concerns over lackluster economic growth. Over the last four weeks, mortgage rates have declined three quarters of a point, the largest decline since 2008. While the decline in rates has been large, homebuyer sentiment remains low …

Mortgage Market Update – Downward Mortgage Rate Trend Continues Read More »

Cash Out Refinances To Be More Expensive in 2023

By Douglas Katz – 12/07/2022 If you have not heard, mortgage rates have been trending up lately.  This is an important consideration, but it is only one aspect of the pricing for a loan.  In addition to the base rate which is more or less determined by market and economic conditions, pricing will be impacted …

Cash Out Refinances To Be More Expensive in 2023 Read More »

Lending Standards are Tightening – What Can You Do?

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 »

Mortgage Market Update – Average Mortgage Rates Above 7% With An End Of Week Improvement

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 »

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 – Market Erosion Continues with Rates Stabilinzing

  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 »