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Ralph’s Blogs

New Jersey September Monthly Sales

National sales of existing homes recently fell to a 7-month low, as surging borrowing costs, rising sales prices, and limited inventory continue to keep many would-be buyers out of the market. Borrowers have become increasingly sensitive to fluctuations in mortgage...

ARMs Rise in Mortgage Market

Will Adjustable-Rate Mortgages Be the Answer? The Mortgage Bankers Association reported that the average rate on a 30-year fixed mortgage climbed to 7.67%, this is up from 7.53% for the prior week. Such a mortgage requires a 20% down payment. Now buyers are looking to...

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