BLOGS

30YR Fixed 6.90% +0.03% 15YR Fixed 6.28% +0.03%   New Home Construction Growth Swings From 14 Year Low to 13 Month High Although the New Residential Construction report released by the Census Bureau has notoriously wide margins of error, it's rare to see numbers like today's rendered irrelevant by a

Saving for a Down Payment? Here’s What You Need To Know. If you're planning to buy your first home, then you're probably focused on saving for all the costs involved in such a big purchase. One of the expenses that may be at the top of your mind is your down payment. If you’re intimidated by how muc

$1,350,000 4 Beds | 4 Baths | 3,100 SqFt 30 Bay Street, Highlands, NJ 07732 Active Looking for a luxurious, modern home that offers breathtaking views of Sandy Hook Bay and the NYC skyline? Look no further than this stunning custom-built property located in the hills of Highlands, NJ. With a listing

30YR Fixed 6.89% -0.01% 15YR Fixed 6.28% -0.01% Mortgage Rates 101, Part 5: What Causes Mortgage Rates to Change? Mortgage rates change daily, and sometimes multiple times per day. In this article, “mortgage rates” will refer to the combination of upfront cost and actual interest rate described here

Oops! Home Prices Didn’t Crash After All During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect ho

  Getting pre-approved for a mortgage is a crucial step in the home buying process. It allows buyers to know how much they can afford to spend on a home and shows sellers that they are serious about making an offer. But how exactly do you get pre-approved for a mortgage? In this blog, we’ll walk you

There is no one-size-fits-all answer to the question of how much a house is worth. A house's value depends on several factors, including the location, size, condition, and amenities of the home. The value of a house can also be affected by the current market conditions. Here are some of the factors

Keys to Success for First-Time Homebuyers Buying your first home is an exciting decision and a major milestone that has the power to change your life for the better. As a first-time homebuyer, it’s a vision you can bring to life, but, as the National Association of Realtors (NAR) shares, you’ll have

The Benefits of Selling Now, According to Experts If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And

30YR Fixed 6.98% -0.03% 15YR Fixed 6.27% -0.03%   Mortgage Applications Decrease Again, Volatile Rates, Stagnant Inventories The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, decreased 4.6 percent on a seasonally adjusted basis dur

For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. If that sounds like you, now’s the time to consider your plans and determine if buying a vacation home this year makes more sense than renting one again. According to Forbes:  “. . . i

Introduction: Embrace the Home Buying Adventure Ready to dive into the crazy waters of home buying? Sure, it’s exciting, nerve-wracking, and you'll learn more about septic systems than you ever cared to know. But hey, welcome to adulting in Monmouth County, New Jersey!  Understanding the Local Real

30YR Fixed 6.69% +0.02% 15YR Fixed 6.05% +0.01%   Lack of Existing Home Listings Boost Builder Confidence Home builders’ attitudes about the market for newly constructed homes continued to improve in May, partially due to the lack of available pre-owned homes for sale. The National Association of Ho

30YR Fixed 6.67% +0.12% 15YR Fixed 6.04% +0.09%   Hi, My Name is Consolidation, And I Can Explain Everything Scroll down far enough on the list of Webster's definitions of the word "consolidate," and you'll find "to form together into a compact mass."  Financial markets appropriated that definition

Buyer Activity Is Up Despite Higher Mortgage Rates If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed. Data from the latest ShowingTime Show

30YR Fixed 6.49% -0.09% 15YR Fixed 5.90% -0.10%   Lowest Mortgage Rates in Weeks After Fed Hikes Rates. Here's How That Works... The implication of "Fed rate hikes" is a constant source of confusion in the housing market.  The general belief is that the Fed controls rates and if they're hiking, then

30YR Fixed 6.73% +0.14% 15YR Fixed 6.12% +0.14%   Housing and Rates Having Tough Time Finding Momentum Mortgage rates fell nicely to start the week but only after rising rather abruptly in the previous two weeks. That said, short term ups and downs are just a sideshow in the bigger picture where rat

Mortgage application volume increased during the week ending April 21. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, rose 3.7 percent on a seasonally adjusted basis compared to the prior week and was 5 percent higher before adjustment. The Refinanc

30YR Fixed 6.66% -0.01% 15YR Fixed 6.04% -0.01%   Is There Really a New, Unfair Mortgage Tax on Those With High Credit? Seemingly overnight, the internet is awash with news regarding a "new," unfair tax on mortgage borrowers with higher credit scores. Some have gone so far as to suggest that someone

30YR Fixed 6.66% -0.01% 15YR Fixed 6.04% -0.01%   Existing Home Sales Hit by Higher Rates and Low Inventory The National Association of Realtors (NAR) measures the sales of previously owned homes.  These so-called Existing Home Sales account for a vast majority of all home sales in the US.   Existin