Doug Katz's (dmkatz) Blog

As expected, the Federal Homebuyer Tax Credit has been extended. At the 11th hour, Congress finally officially did what was generally expected in the industry by extending the deadline to close loans from 30 June to 30 September. Read More

Short-term - LOCK as there is no longer a benefit in floating this close to closing. If you are closing in 7 - 15 days, I would consider FLOATING, but markets are trending toward repricing at higher rates. Long-term - FLOAT on belief that weakness in the economy will continue supporting the possi...

Once again the misinformation is flying on what is going on with the Homebuyer's Tax Credit Extension. Read More

Short-term - LOCK as trends are showing rates at historical lows and advantage of floating is minimal.  If you are closing in 7 - 15 days, I would consider FLOATING, but the markets are volatile, so you should keep vigilant. Long-term - FLOAT on belief that weakness in the economy will continue s...

As a lender, it is always interesting to hear the answer the income question.  Not that my clients are in any way intentionally misrepresenting their compensation, the fraudulent borrower is actually rare.  It is more a reflection of the chasm between what a client perceives their income to be an...

Short-term - LOCK as trends are showing rates at historical lows and advantage of floating is minimal.  If you are closing in 7 - 15 days, I would consider FLOATING as there has been a further flight to quality this morning providing fuel for better rates. Long-term - FLOAT on belief that weaknes...

Short-term - LOCK as trends are showing rates at historical lows and advantage of floating is minimal.  If you are closing in 7 - 15 days, I would consider FLOATING as you might be able to get a bit better rate. Long-term - FLOAT on belief that weakness in the economy will continue supporting the...

Short-term - LOCK as trends are showing rates at historical lows and advantage of floating is minimal.Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low ratesClick here if you would like to know more or want to talk about your indivi...

Short-term - LOCK if less than 7 days to close. Mortgage Backed Securities overbought and rate increase possible. If 7 - 15 days out, FLOAT as the market still shows weakness in equities.Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued...

Short-term - FLOAT as markets a currently favorable to secure a better rate, but I recommend close monitoring of the market to take full advantage.Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low ratesClick here if you would like t...