by Anthony | Feb 4, 2020 | Uncategorized
The Federal Reserve reported that outstanding U.S. mortgage debt increased 1.2% to $15.8 trillion in the third quarter of 2019 from Q2 2019. This increase represents the largest quarter-to-quarter gain in almost two years, much of which is due to the robust demand for...
by Anthony | Feb 3, 2020 | Uncategorized
The Pending Home Sale Index was released by the National Association of Realtors [NAR], marking a 4.9% decline in December to 103.2. The PHSI is a forward-looking indicator targeting market health. The NAR announcement indicated that year-over-year contract signings...
by Anthony | Jan 31, 2020 | Uncategorized
Freddy Mac reported that mortgage rates fell to the lowest level in three months. What is unusual is that December proved to be a very strong month for sales and increases in the median home price, especially in New Jersey. The average 30-year fixed-rate hit 3.6% for...
by Anthony | Jan 30, 2020 | Uncategorized
One of the residual benefits of remaining in a home longer is the appreciation of the property. This is especially true in a strong market. Year-over-year, the average prices for homes nationwide have climbed significantly. The true benefit of the growth of homeowner...
by Anthony | Jan 29, 2020 | Uncategorized
Getting into the market, specifically the real estate market, requires crossing a number of thresholds financial thresholds. For lenders, credit scores still play a big part of the process. Lenders differ, but most require a 620 score, with 580 representing the floor...
