The Isaacs Team Blog | Real Estate In The District

With changing mortgage rates, the amount of the mortgage loan you qualify for is also changing. One of the factors used to determine how much you can borrow is the Debt-To-Income-Ratio, or DITI. Learn how it works!Visit our DITI page  #debttoincomeratio #qualifyingforamortgage #DITI #debttoincome...

Fed-Induced Recession In 2023 NY Fed's Recession Probability Model shrieking warnings of an incoming downturn, odds at 38% have analysts saying it's really a near-100% chance DataTrek’s Nicholas Colas said: “It is clearly saying high short term interest rates are going to cause a recession in the...

On November 30, 2022, Fed Chair Jerome Powell' message could not have been clearer: Interest rates will continue to rise, moderately, and for some time to come.If you have the means to take advantage of market uncertainty, this is your time. There's a brief window of opportunity to move forward a...

Chances are... no. 😬Many decks in Washington DC aren't built to code. If you're thinking about spending some time this fall-winter preparing your home for a spring sale, or you just bought a home and are planning to build or rebuild a deck, you'll want to follow construction code and neighborhood...

Following suit with conforming loan limit increases, HUD has increased FHA loan limits for next year.Beginning January 1 2023, 3,222 U.S. counties will see higher loan limits, while 12 counties will remain the same. For most of the country, the new baseline FHA loan limit will be $472,030 for a s...

DC Assumable Mortgages: Seller Advantage? If you're a home seller in the District of Columbia with an assumable mortgage, you're probably asking the question; Is it a big advantage in the current market?With a decade of historically low mortgage interest rates, low inventory and stiff competition...

It was exciting news, and  this afternoon’s inflation report should have an almost immediate effect on mortgage interest rates, improving the outlook for buyers--and sellers. Stronger seller confidence, though, could re-energize the market and harden home prices. We’ll see. Here’s what happened: ...

If you're shopping for DC real estate in the current market and dismissed the idea of discounted mortgage loans, maybe think again. 🤔Programs like the 5/1 ARM can offer rates a full percentage point or more below 30 year fixed rates, lowering your monthly payments while increasing your purchasing...

Well you're not alone! 😆 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 rapid-fire rate h...

The form is typically used by DC sellers & listing agents to break ties in bidding wars and show buyers’ ability to make up gap on low appraisals.