mortgage

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 …

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

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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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 …

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Mortgage Market Update – The Upward Rate Climb Continues

By Doug Katz –  9/9/2022 Per Freddie Mac: Mortgage rates rose again as markets continue to manage the prospect of more aggressive monetary policy due to elevated inflation. Not only are mortgage rates rising but the dispersion of rates has increased, suggesting that borrowers can meaningfully benefit from shopping around for a better rate. Our …

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Great News For Buyers and Homeowners on Increased Loan Limits for 2023

By Doug Katz – 9/8/2022 Substantial increases in conventional conforming loan limits expected in 2023. Many lenders are offering these limits now. Government loans, such as VA and FHA, usually see similar bumps but no announcements have been made. Every year Fannie Mae and Freddie Mac adjust the upper limit for loans that qualify as …

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Mortgage Market Update – Rates Resume Their Upward Climb

By Douglas Katz – 09/03/2022 Per Freddie Mac: The market’s renewed perception of a more aggressive monetary policy stance has driven mortgage rates up to almost double what they were a year ago. The increase in mortgage rates is coming at a particularly vulnerable time for the housing market as sellers are recalibrating their pricing …

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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 …

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Fannie Mae Predicting Drop in Rates for 2023 – What You Should Know.

By Douglas Katz – 08/30/2022 Fannie Mae predicting mid-4% range by 2023. Home prices are still high so lower rates could help. Inventory is increasing but a a slower than hoped pace. Timing may be on your side but trying to time the market is not recommended. There is some good news on the rate …

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August 19th Mortgage Market Update

Mortgage Market Update – The Rate Volatility Pause That Refereshes

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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The National Association of Home Builders Reports Low Point Among Builder Confidence

ORIGINALLY PUBLISHED ON REDLEG FUNDING BLOG – ADDITIONAL COMMENTARY ADDED. By Douglas Katz – 08/14/2022 Mortgage rates continue the upward trend slowing buyer activity, to include new construction. Builders are reacting to market conditions with a lower confidence which has been the case for almost a year. Inflation and other negative market conditions are pointing …

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