by ISTMagents | Dec 14, 2022 | Blog
FED RAISES RATES FOR 7TH TIME FOLLOWING FOMC MEETING The Fed announced a final 2022 interest rate hike of 50 bps this afternoon, lifting terminal rate projection to 5.1%. The increase is expected to impact the economy by driving up rates for some mortgage loans,...
by ISTMagents | Dec 13, 2022 | Blog
CPI REPORT | LATEST DATA CPI increased 7.1% from 2021, according to the Labor Department this morning. Economists surveyed by Dow Jones expected a 0.3% monthly increase and 7.3% 12-month rate, per CNBC.”]November Consumer Price Index (CPI) rose just 0.1% from...
by ISTMagents | Dec 7, 2022 | Blog
Fed-Induced Recession Indicated For 2023 NY Fed’s Recession Probability Model is warning of incoming downturn, with odds at 38% but the indicator’s reliability is so solid, analysts are saying it equals a near-100% chance of a recession. DataTrek’s...
by ISTMagents | Dec 1, 2022 | Blog
Starting Dec. 21, 2022, home owners and buyers with FHA mortgages can purchase flood policies through private insurers Private insurance options become available for FHA mortgages. Standard home insurance policies do not protect against flooding, so homeowners must...
by ISTMagents | Nov 30, 2022 | Blog
DC Conforming Loan Limits Top $1M2023 Conforming Loan Limits | DC Hits Historic High 2023 Conforming loan limits for Washington DC Single Unit $1,089,3002 Units $1,394,7753 Units $1,685,8504 Units $2,095,200 Mortgage giants Fannie Mae and Freddie Mac raised the limits...
by ISTMagents | Nov 26, 2022 | Blog
Washington DC College ComdosParents’ Self-Defense Against High Student Housing Costs When parents sending their first young adult off to university recover from tuition sticker shock, they’re gut-punched again by the cost of room, board, and meals. In the...
by ISTMagents | Nov 20, 2022 | Blog
Assumable Mortgages In DCObsolete or Market Advantage? Do you have a low rate assumable mortgage? If so, and you’re thinking about putting your DC home on the market, you could have an advantage over your competition. Assumable mortgages faded from memory when...
by ISTMagents | Nov 17, 2022 | Blog
Adjustable Rate Mortgages In DCHedge against high interest rates, or future nightmare? As with any loan product, it’s key to understand the rates, terms and fine print before you sign on the dotted line, but ARMs are more complex than conventional loans. Our...
by ISTMagents | Nov 13, 2022 | Uncategorized
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by ISTMagents | Nov 10, 2022 | Blog
Today May Have Been The Best Day To Make An OfferRates Lower On Inflation News If you made an offer on a home in Washington DC today, you might have been in a better bargaining position than you would be tomorrow. Why? Because this afternoon’s Inflation report will...
by ISTMagents | Nov 7, 2022 | Blog
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by ISTMagents | Nov 5, 2022 | Blog
There’s more than a little confusion surrounding the national real estate market right now, and here in DC things aren’t much different. Sellers wonder how they went from pre-market bidding wars to double digit days on market, buyers are shell-shocked by...
