Doug Katz's (dmkatz) Blog

Short-term - LOCK as equities recovered yesterday adversely affecting mortgage pricing.  While there was improvement today, timing is too short for this risk.  If closing in more than 15 days, however, I still recommend FLOATING. Long-term - FLOAT on belief that weakness in the economy will cont...

Short-term - FLOAT as equities markets are reacting unfavorably to bad economic data. Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low mortgage rates.  In the window of 15 to 30 days, there is now more risk and vigilance is recomm...

Come down and shop Downtown Oak Park sidewalks to find great deals. Stores and shops will have tables and racks out on the sidewalks for easy outdoor shopping. Activities and entertainment for the entire family will be provided. July 22, 10-9pmJuly 23, 10-8pmJuly 24, 10-5pmJuly 25, 12-4pmFREE Pop...

Short-term - FLOAT as equities markets are reacting unfavorably to bad economic data. Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low mortgage rates.  In the window of 15 to 30 days, there is now more risk and vigilance is recomm...

I must admit that sometimes I feel like the guy at the craps table betting against the come. The one who revels in repeated cold streaks as he scrapes stacks of chips from the table while everyone else loses. When I feel this guilt, however, I just remember that the scourge of the craps table is ...

Short-term - FLOAT as equities markets are reacting unfavorably to bad economic data. Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low mortgage rates.  In the window of 15 to 30 days, there is now more risk and vigilance is recomm...

Short-term - LOCK as equities are currently trending up and the risk outweighs the likelihood of rate improvement.  I am now recommending that those closing in 7 to 15 days FLOAT based on potential favorable market conditions. Long-term - FLOAT on belief that weakness in the economy will continu...

Tune in next week to see Mortgage Man put together a file in lightning speed to begin his battle with his arch nemesis, The Underwriter. Please contact me if you need a Mortgage Man of your own.

OakLeaves contributor Felecia Dechter writes that a consumer who took out a reverse mortgage a few years back told her how well it was working out a few years ago, helping her to pay bills and have a couple of extra bucks in her pocket.  The sad thing is, when she called to talk about it, the w...

Short-term - LOCK as equities are currently trending up and the risk outweighs the likelihood of rate improvement. Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low mortgage rates.  In the window of 15 to 30 days, there is now more...