by Anthony | Jul 17, 2020 | Uncategorized
For the first time in history mortgage rates have gone to below 3%. This is the first time that this level has been achieved since 1971 when Freddie Mac began recording such data. According to Freddie Mac today (Thursday), the average rate for a 30-year fixed mortgage...
by Anthony | Jul 16, 2020 | Uncategorized
The United States Bureau of Economic Analysis issued its report on the Gross Domestic Product (GDP) by State for the 1st Quarter of 2020. The report, which covers January through March, is the first report to show the impact of the COVID-19 pandemic on the U.S....
by Anthony | Jul 15, 2020 | Uncategorized
Total nonfarm wage and salary employment in New Jersey increased by 86,800 in May to a seasonally adjusted level of 3,497,400, according to estimates produced by the U.S. Bureau of Labor Statistics. Still, New Jersey showed some true resilience as demonstrated by the...
by Anthony | Jul 14, 2020 | Uncategorized
The Mortgage Bankers Association reported that applications to purchase homes rose by 5% last week and came in at 33% higher than the same time in 2019. Considering that 2019 was such a banner year, this surge in applications is clearly establishing a new benchmark...
by Anthony | Jul 13, 2020 | Uncategorized
According to reports published, New York City rentals experience worst June in more than a decade amid the COVID-19 crisis. Over 10,000 apartments were listed as available in June according to a report on CNBC. This represents an increase of 85% over June 2019, based...
