Doug Katz's (dmkatz) Blog

The condominium is a great type of property. It provides the joy of ownership with minimum amount of maintenance, but it is also a type of property that strikes a bit trepidation into the heart of lenders. Think of it as the difference between running the 100-meter hurdles versus a simple 100-met...

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 ...

This was a short week in the markets following the Independence Day weekend. Mortgage rates were, for the most part, unchanged with a minor increase over the past several days due to a rally in equities predicated on positive jobs and retail sales figures. Additionally, there has been an optimist...

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 ...

Tune in next week to see when Mortgage Man begins the application process with Betty Borrower. Please contact me if you need a Mortgage Man of your own.

Short-term - LOCK as rates have begun an upward trend as of yesterday afternoon.  They have stabilized for now, but the likelihood of a decrease in a window of 15 days or less is small. Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued ...

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

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...

As Independence Day approaches, I cannot help but reach back fondly to my childhood for the best explanation on the significance of the 4th of July. Enjoy the link below and please take a moment to remember our servicemen and women who represent the the finest example of our values and for whom f...

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...