Purchase Demand Near 2 Year Highs; Refi's Bounce Back
30YR Fixed
6.89%
+0.04%
15YR Fixed
6.16%
+0.02%
Purchase Demand Near 2 Year Highs; Refis Bounce Back
After a Memorial Day-induced lull, mortgage application activity rebounded sharply last week, according to the Mortgage Bankers A
Mortgage Application Demand Ebbs For Both Purchases and Refi's
30YR Fixed
6.89%
-0.04%
15YR Fixed
6.20%
-0.01%
Application Demand Ebbs For Both Purchases and Refis
The Mortgage Bankers Association’s (MBA) latest survey showed a pullback in mortgage applications, with rates dipping slight
Lowest Mortgage Rates in More Than 5 Months
30YR Fixed
6.63%
-0.12%
15YR Fixed
6.05%
-0.09%
Lowest Mortgage Rates in More Than 5 Months
Yesterday afternoon's tariff announcement sent financial markets on a ride that ultimately resulted in sharply lower stock prices and moderately l
Monmouth County Market Report – April 2025
📍 Monmouth County Market Report – April 2025
If you're following the pulse of Monmouth County real estate, the latest data confirms what local agents already feel on the ground: it’s still a strong seller’s market, but signs of balance are creeping in.
Whether you're prepping to sell, looking to b
Little Silver Real Estate Market: April 2025
🔥 Little Silver Real Estate Market: April 2025 Snapshot
If you’ve been wondering “How’s the market in Little Silver?” — we’ve got the answers, and the numbers are speaking loud and clear: it’s a strong seller’s market.
Let’s break down the latest data and what it means for you, whether you're plan
Pending Home Sales Advanced 2.0% in February
NAR forecasts mortgage rates will average 6.4%, existing-home sales will increase by 6%, new-home sales will improve by 10% and the national median home price will rise by 3% in 2025
Key Highlights
Pending home sales in February augmented 2.0%.
Compared to one month ago, pending home sales decl
Existing-Home Sales Accelerated 4.2% in February
Key Highlights
Existing-home sales advanced 4.2% in February to a seasonally adjusted annual rate of 4.26 million. Sales slipped 1.2% from one year ago.
The median existing-home sales price rose 3.8% from February 2024 to $398,400, the 20th consecutive month of year-over-year price increases.
The
Mortgage Rates Recover After Starting Slightly Higher
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30YR Fixed
6.78%
-0.04%
15YR Fixed
6.23%
-0.01%
Tariffs could drive up new home prices by as much as $22,000, research finds
On Tuesday, President Donald Trump’s administration imposed new tariffs on imports from Canada and Mexico while increasing existing tariffs on goods from China, a move expected to raise prices for new homes, according to a recent CoreLogic report.
That’s largely because tariffs affect essential hom
New Jersey Real Estate Market Update: Trends in Long Branch, Monmouth County, & National Construction Insights
New Jersey Real Estate Market Update: Trends in Long Branch, Monmouth County, and National Construction Insights
The real estate landscape is evolving rapidly, and staying informed is essential whether you're a seller, buyer, or investor. In this blog post, we explore the latest market updates for N
Refi Demand at 3 Month High Thanks to Lower Rates
Refi Demand at 3 Month High Thanks to Lower Rates
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30YR Fixed
7.03%
+0.01%
1
Home Price Appreciation Ran Just Above Expectations in November
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30YR Fixed
7.07%
+0.00%
15YR Fixed
6.49%
+0.01%
Can Trump Actually Force Rates to Move Lower?
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30YR Fixed
7.07%
-0.04%
15YR Fixed
6.48%
-0.03%
Existing Home Sales Inch Up to Highest Levels Since February
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30YR Fixed
7.11%
-0.01%
15YR Fixed
6.51%
-0.01%
Highest Purchase Applications in a Year? Technically, Yes
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30YR Fixed
7.11%
-0.01%
15YR Fixed
6.51%
-0.01%
Mortgage Rate Watch - Jan 15th 2025
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30 YR Fixed
7.13%
-0.12%
Existing Home Sales Update: Still Bad
30YR Fixed
7.09%
+0.07%
15YR Fixed
6.48%
-0.02%
Existing Home Sales Update: Still Bad
Housing was chugging right along in early 2020, then covid happened. Housing experienced lots of unexpected volatility with the most importan
Ryan Skove, ABR, SRS
Phone:+1(732) 222-6336