Mike Domangue, Mortgage Lender

Mike Domangue, Mortgage Lender 🏆Mortgage Production Manager
🏢Hancock Whitney-NLMS # 855188
🏡Equal Housing Lender
📲985.688.0155

Hancock Whitney

Mike Domangue, Senior Mortgage Loan Officer
(985) 688-0155 Cell
NMLS # 855188

Seller concessions can be a powerful tool in today’s market, but the limits depend on the loan type, property type, and ...
09/02/2026

Seller concessions can be a powerful tool in today’s market, but the limits depend on the loan type, property type, and down payment.

Here’s a quick reference guide I put together to help you understand how much a seller may be able to contribute toward closing costs, prepaid items, discount points, and more.

The right loan strategy can make a big difference. If you’re buying, selling, or negotiating an offer, let’s talk before you write the deal.

Home prices aren’t expected to skyrocket, but they’re still expected to move higher.Fannie Mae and Pulsenomics are forec...
09/01/2026

Home prices aren’t expected to skyrocket, but they’re still expected to move higher.

Fannie Mae and Pulsenomics are forecasting 2.6% home price growth over the next year and 15% cumulative growth over the next five years.

On a $500,000 home, that’s roughly:
🏠 +$13,000 over one year
🏠 +$75,000 over five years

The takeaway? Waiting for a major drop in home prices may not be the strategy some buyers are hoping for. The better strategy is understanding the market, finding the right home, and making a payment that fits your plan.

July’s inflation data came in right in line with expectations.Headline PCE rose 0.2% for the month, keeping the annual r...
08/27/2026

July’s inflation data came in right in line with expectations.

Headline PCE rose 0.2% for the month, keeping the annual rate at 3.7%.

Core PCE, which excludes food and energy, also increased 0.2%, with annual core inflation holding at 3.3%.

For the mortgage market, the takeaway is simple: inflation remains elevated, but July’s numbers didn’t deliver an upside surprise.

Another important piece of the puzzle as we watch what the Fed does next.

🏠 Home prices are still climbing, but the pace is cooling.The latest Case-Shiller data shows national home prices up 1.5...
08/25/2026

🏠 Home prices are still climbing, but the pace is cooling.

The latest Case-Shiller data shows national home prices up 1.5% year over year, while the 20-city index is up 2.1%.

The big takeaway? Appreciation is still happening, but we’re seeing a more balanced housing market rather than runaway price growth.

For buyers, that can create opportunities. For homeowners, it reinforces the importance of understanding your local market, not just the headlines.

The purchase price is only part of the equation. 🏡Before you buy, make sure you understand the other costs that come wit...
08/25/2026

The purchase price is only part of the equation. 🏡

Before you buy, make sure you understand the other costs that come with homeownership, from property taxes and insurance to HOA fees, maintenance, and utilities.

Know the full cost. Buy with confidence.

📊 July Bayou Area Market UpdateJuly was a little softer, but the year-to-date numbers tell a stronger story.📈 YTD closed...
08/13/2026

📊 July Bayou Area Market Update

July was a little softer, but the year-to-date numbers tell a stronger story.

📈 YTD closed sales: +16.0%
📈 YTD pending sales: +15.2%
📉 Inventory: -17.3%
📉 New listings YTD: -9.2%
📈 July median sales price: +15.1%

The takeaway? Strong sales activity, tighter inventory, and continued price growth.

Real estate is local. The national headlines don’t always tell you what’s happening in your backyard.

Inflation update 📊July CPI came in largely as expected, with headline inflation at 3.4% year over year and core inflatio...
08/13/2026

Inflation update 📊

July CPI came in largely as expected, with headline inflation at 3.4% year over year and core inflation at 2.5%.

The takeaway for mortgage rates? Inflation is still elevated, but the trend is moving in the right direction. That matters because the Fed is watching the inflation data closely as it considers its next moves.

And remember, mortgage rates don’t move one-for-one with the Fed Funds Rate. The bond market and inflation expectations play a major role.

We’ll keep watching the data because when the economic picture changes, mortgage rates can change with it.

🏠 National housing update: Existing home sales dipped 1.7% in July, but sales are still up 0.7% from a year ago. The med...
08/11/2026

🏠 National housing update: Existing home sales dipped 1.7% in July, but sales are still up 0.7% from a year ago. The median home price is now $434K, up 2% year over year, while inventory sits at 4.6 months.

The takeaway? Buyers have more options and negotiating power in many markets.

But remember, real estate is hyper-local. National numbers give us the big picture, but what’s happening in your neighborhood can look very different.

Want to know what the market is doing where you live? Let’s talk.

🏡 Buying a home is about more than having a place to live.It can help you build wealth, create stability, own your space...
08/11/2026

🏡 Buying a home is about more than having a place to live.

It can help you build wealth, create stability, own your space, and invest in your future.

The key is making sure homeownership fits your goals, your budget, and your financial plan.

If buying a home is on your radar, let’s talk about what makes sense for you.

The job market is still growing… just at a slower pace.The ADP report showed private employers added 44,000 jobs in July...
08/06/2026

The job market is still growing… just at a slower pace.

The ADP report showed private employers added 44,000 jobs in July, the slowest pace in several months. While that may sound negative, slower hiring can actually reduce inflation pressure, which is something the Fed is watching closely.

For mortgage rates, weaker employment data can be a positive because it increases the chances of future rate cuts.

One report doesn’t make a trend, but it’s definitely one worth watching.

Address

7910 West Main Street
Houma, LA
70360

Telephone

(985) 688-0155

Website

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