Real Estate

May 16, 2021

Since peaking in April, mortgage rates have declined nearly a quarter of a percent and, have remained under 3.00% for the past month. That is the good news. The bad news is that inflation is accelerating which, may lead to higher interest rates this summer. Whether you are thinking of refinancing ...

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For the third week in a row, mortgage rates moved lower, breaking back down below three percent. That is welcome news for homeowners who have yet to refinance and, for prospective homebuyers. Low mortgage rates provide more borrowing power for buyers but, also impact home prices, which have ...

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NEW JERSEY - While the rest of the state economy slowly returns to pre-pandemic levels, the New Jersey real estate market reportedly experienced “a year we’ve not seen before” with no immediate signs of slowing. Two state real estate experts with national credentials participated in a TAPinto ...

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Mortgage refinances made up nearly two thirds of the total mortgage activity in 2020. This was spurred on by record low mortgage rates that persisted from the middle of March through the end of the year. The majority of the refinances that I saw last year were of the Rate and Term variety. This is ...

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“March rolls in like a lion, and out like a lamb”.  While generally attributed to the weather, this saying might as well be depicting the mortgage rates over the past few weeks. The interest rates for mortgages are closely tied to the US 10-Year Treasury Note. The Yield for this note hit an ...

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Multiple offers and bidding wars have once again become common occurrences in today's Real Estate market. For buyers or sellers to be successful in these times, they need to act quickly and decisively due to the amount of competition. The best way to be prepared for those tense situations is to ...

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For the second consecutive week, mortgage rates have remained mostly flat, still hovering near historic lows. The average rate for a 15-Year Fixed Rate moved a little lower. This is welcome news for anyone who has yet to refinance and, bodes well for prospective homebuyers as well as sellers.

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After seeing mortgage rates move higher last week, there was some positive, albeit slight, movement this week. Political and economic factors have created some turbulence in the treasury market which is causing mortgage rates to fluctuate. Freddie Mac however, is forecasting that mortgage rates ...

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RANDOLPH, NJ- If you think you missed the re-finance train in 2020 there is good news - it hasn’t left the station….yet. Mortgage rates hit another record low in the first week of 2021. However, Freddie Mac reports that “forces behind the drop in rates have been shifting over the last few months ...

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RANDOLPH, NJ- For the 15th time this year, mortgage rates hit another record low as the Federal Reserve said that it would hold the federal funds rate near zero. This doesn’t directly impact mortgage rates but, it helps. Whether you are looking to lower your monthly payment or, reduce the number of ...

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RANDOLPH, NJ- If you think that you missed out on your opportunity to refinance, think again. Mortgage rates continue to break records, as they have most of the year. The low rates also mean more buying power for consumers who are looking to purchase a home. A lack of inventory, however, has been a ...

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RANDOLPH, NJ- U.S. Weekly Averages as of November 12th, 2020 Mortgage rates ticked up slightly last week as a result of positive news about a COVID-19 vaccine. Despite this rise, mortgage rates remain about a percentage point below where they were a year ago. This low rate environment is fueling ...

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RANDOLPH, NJ- U.S. Weekly Averages as of October 22nd, 2020 Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do so. Mortgage rates today are, on average, more than a full percentage point lower than rates over the ...

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RANDOLPH, NJ- U.S. Weekly Averages as of October 8th 2020 After a nearly year-long slide, mortgage rates have flattened out over the last month. That is not a bad thing, considering where they have leveled off at. I would like to highlight the 15-Year Fixed Rate Mortgage (FRM). With rates in the ...

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U.S. Weekly Averages as of September 24th 2020 Last year, at this time, the average 30-Year Fixed Rate was at 3.64% and, the average 15-Year Fixed Rate was at 3.16%. What a difference a year makes. Mortgage rates have set a number of record lows over the last few months. While there is always ...

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This week, the Federal Housing Finance Agency (FHFA) announced that they will delay implementation of the adverse-market refinance fee of 0.50% until December 1st. This is welcome news for homeowners looking to refinance. The fee would have added approximately $1,400 to the average borrower’s ...

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Mortgage rates for refinances may be about to increase due to an adverse-market refinance fee of 0.50%, that was just announced by Fannie Mae and Freddie Mac. The fee will go into effect for most refinance loans purchased by Fannie or Freddie on or after September 1st. Some lenders have already ...

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Rates continue to remain near historic lows which is driving purchase demand over 20 percent above a year ago. U.S. Weekly Averages as of 07/30/2020 The U.S. average 30 Year Fixed Rate Mortgage dropped 0.02 this week to 2.99% with 0.8 Fees/Points as of July 30, 2020. The 15 Year Fixed Rate ...

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