real estate

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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

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

  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

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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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 …

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