Yuriy Davydov Mortgage Loan Officer NMLS ID 1089441

01/29/2023

Discouraged or confused by home loan interest rates? I’d love to talk about it and help you proceed with confidence.

01/28/2023

Home sales ended the year at a seasonally adjusted, annualized pace of 4.02 million units, which was 34% lower than December 2021. Total sales for the year were down 17.8% from 2021.

Home sales have fallen for 11 consecutive months as mortgage rates weigh on the market.

01/26/2023

Mortgage rates dropped to their lowest point since September, resulting in a jump in mortgage application volume.

Mortgage rates are at the lowest level since September, and that is bringing new demand into the mortgage market.

01/08/2023

Big news from the Federal Housing Finance Agency! They have increased the conforming loan limit for single-family properties in most of the U.S. to $726,200 – up nearly $80,000 from the 2022 limit of $647,200 (the limit in certain high-cost areas is over $1million). Limits have also been raised for 2-4 units. This means buyers have more purchasing power without the additional requirements of a jumbo loan. And eligible homeowners could potentially refinance their jumbo loan for a lower rate on a conforming loan.

01/06/2023

2022 was a historic year for the housing market, often compared to a roller coaster ride. Here’s a look back at some key data points that defined the 2022 housing market.

2022 was a historic year for the housing market. Learn all about it in Redfin’s 2022 housing market year-in-review.

01/04/2023

Citizens Retail Home Mortgage is proud to be a participating lender for the DC Employer-Assisted Housing Program (EAHP). The program, sponsored by the DC Department of Housing and Community Development, provides a grant of up to $20,000 in down payment and closing cost assistance to eligible first-time homebuyers that are DC Government Employees.

Contact me for details! You may also be eligible for the Citizens Closing Cost Assistance of up to $10,000 with your purchase.

11/08/2022

While home price appreciation has slowed dramatically in recent months, homeowners have continued to build equity and are beginning to tap into that equity. Across the country, 39 states saw equity-rich levels increase from Q2 2022 to Q3 2022.

Small equity gains in the third quarter mean that 48.5% of mortgaged residential properties in the nation are equity-rich. In other words, the combined estimated amount of loan balances secured by those properties was no more than 50% of the home’s estimated market value.

11/06/2022

Home-price growth continues to moderate and national home-price growth is expected to “flatten out” in 2023 and 2024. For some, this will bring home prices back to more reasonable levels.

"Our forecast is for home-price growth moderation to continue," Mortgage Bankers Association executive Joel Kan says.

11/04/2022

Price reductions offer a glimmer of hope for fall and winter home shoppers. The number of homes for sale is up—another signal that prices might continue to drop.

Record-high home prices are finally falling along with a spike in homes for sale, giving buyers a glimmer of hope as we head into winter.

10/01/2022

Dreaming of the lake life? Homes in rural lake towns may be relatively more affordable than at larger lakes or at lakes near cities.

Even in today’s hot real estate market, buyers on tight budgets can still find homes in the nation's most affordable lake towns.

09/30/2022

09/30/2022

For the first time in a decade, prices of homes are falling. To be sure, prices remain high, and mortgage rates have doubled this year. But the housing bull run may be over.

Say goodbye to the housing bull run…