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Commentary, opinion, news and updates on topics related to Washington DC real estate.

THE ISAACS TEAM

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1313 14th St
NW DC 20005

ANOTHER FED RATE HIKE, DOOR OPEN TO ONE MORE

Following today’s FOMC meeting, Fed Chair Jerome Powell announced another key interest rate increase in spite of the recent pullback in inflation. The Federal Reserve raised the benchmark rate by .25% and hinted that yet another hike may occur in 2023. The federal...

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PAUSE, PIVOT or PEAK? JUNE FED UPDATE

A "Skip" was the next step in the Fed's fight against inflation at June's FOMC meeting. Federal Reserve officials held the benchmark rate steady for the first time since March 2022, but policymakers forecast the rate to rise to 5.6% this year, up from their March...

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HOMEOWNERS CAN TAKE A PAUSE ON PAYMENTS

Starting July 1st, homeowners struggling to pay mortgages can take advantage of an expansion of the Freddie Mac and Fannie Mae deferment policy. Payment deferral allows eligible borrowers to resolve a financial hardship keeping the same monthly mortgage payment by...

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DC REAL ESTATE MARKET NOT TAKING A DIVE

DOWN, BUT NOT OUT Last week, mortgage interest rates rose to near 7% again, putting the kibosh on home purchases for many buyers. But prices and listings are still inching up overall. Some sellers-–knowing prices are softening, increasing less than usual and even...

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DC SCHOOL BOUNDARY REDRAW & DC REAL ESTATE

Updated April 2024 | The Isaacs Team How will parents and the market react in 2023-24, years in which the market is already adversely impacted by higher interest rates, the threat of recession, and elections?Boundary redrawing is an effort to temper housing and...

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FHA MORTGAGE INSURANCE PREMIUM DROP

The Biden Administration’s reduced Mortgage Insurance Premiums (MIP) for FHA home loans took effect this week. With rates rising once again, DC home prices continuing an upward climb, the possibility of rate cuts beginning in December, and looming recession, what...

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TODAY’S MORTGAGE MINUTE

Seems like it should be simple, but one attempt at searching ‘today’s mortgage rates’ will turn up many conflicting results. How can you check to see what your rate would be today? Refer to Matt Graham’s Mortgage News Daily Post. I couldn't have said it...

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THIS AIN’T THAT | 2023 DC Real Estate Market

This Ain't That A year of mortgage interest rate hikes has revived bad memories of the 2008 real estate market crash, and its fallout, which lasted half a decade or more for many Americans. In 2022, Year-over-year CPI peaked at 9.1% in June, and monthly readings since...

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THE PAIN IS SLOWING, BUT WILL DRAW OUT

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, HELOCs, credit cards and other loans. Since March, when...

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