Personal Finance

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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CNBC: “Homebuyers are canceling deals at the highest rate since the start of the pandemic.”

By Douglas Katz – 07/11/2022   CNBC recently reported that deal cancellations have risen to 15%.  This is applicable to new and existing homes and, while not a harbinger of doom, it does reflect a sea change for the market.  Killing deals was unheard of just a few months ago when homebuyers were willing to …

CNBC: “Homebuyers are canceling deals at the highest rate since the start of the pandemic.” Read More »

Have a Personal Budget Defined BEFORE You Buy a Home!

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 …

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