Homeowners are keeping up with their mortgage payments or arranging for loan modifications with their service providers. But housing analysts say that while the real estate market still faces pandemic-related fears about a wave of delinquencies, higher home prices are helping to alleviate some of those concerns. The overall delinquency rate fell to the lowest …
Tag: Anthony DiDonato
Jul 10
2616 Kirk Ave, Broomall, PA. 19008 – Delaware County / Delco Home.
2616 Kirk Ave, Broomall, PA. 19008 $539,900 Est. Mortgage $3,655/mo*3 Beds2 Baths2432 Sq. Ft. Listing courtesy of Marisa Bruder – BHHS Fox & Roach Wayne-Devon Description on this home for sale at 2616 Kirk Ave, Broomall, PA. 19008 This is the one you’ve been waiting for! Tucked away on a quiet street in Broomall is …
Jul 10
Mortgage Rates Dip Back
Home buyers and homeowners got another chance this week to lock in historically low rates. The 30-year fixed-rate mortgage averaged 2.98%, Freddie Mac reports. “Despite the re-acceleration of economic growth, the recent bond rally drove mortgage rates down for the second consecutive week,” says Sam Khater, Freddie Mac’s chief economist. “These low mortgage rates, combined with …
Jul 10
Fannie, Freddie Expected to Back Mortgages of Nearly $1 Million
The rapid rise in home prices over the past year is prompting Fannie Mae and Freddie Mac to revisit the maximum size of home mortgages they will back for 2022, possibly increasing to nearly $1 million in some areas, The Wall Street Journal reports. That would mark a sharp jump compared to this year: The …
Jul 09
5804 Central Ave. N #SEA, Sea Isle City, NJ. 08243 – Jersey shore vacation home.
5804 Central Ave. N #SEA, Sea Isle City, NJ. 08243 $924,900 Est. Mortgage $5,575/mo*4 Beds3 Baths1600 Sq. Ft. Listing courtesy of Patrick F Rogers – MaxPort Real Estate-Down the Shore Description about this home for sale at 5804 Central Ave. N #SEA, Sea Isle City, NJ. 08243 Amazing! Welcome to this Very Spacious 4-bedroom 2.5 …
Jul 09
How Buyers With VA Loans Can Better Compete
Military families with Veterans Affairs loans are losing out in the competitive housing market. Sellers are showing preference to buyers with more conventional financing or all-cash offers that they believe will offer a faster and smoother closing. Ninety-four percent of real estate professionals surveyed said sellers are most likely to accept an offer with conventional …
Jul 09
Mortgage Applications Climb, Even as Rates Rise
Rising mortgage rates don’t seem to be scaring off home buyers. Mortgage applications to purchase a home, viewed as a gauge of homebuying demand, increased 2% last week, the Mortgage Bankers Association reported Wednesday. Homebuilders are reporting stronger buyer traffic too after a brief lull earlier this fall, according to a recent builder sentiment report released …
Jul 08
11 Willowbrook Road, Broomall, PA. 19008 – Delco / Delaware County Home.
11 Willowbrook Road, Broomall, PA. 19008 $519,000 Est. Mortgage $3,530/mo*3 Beds2 Baths1814 Sq. Ft. Listing courtesy of Daniel Gioioso – EXP Realty, LLC, Description about this home for sale at 11 Willowbrook Road, Broomall, PA. 19008 Set amongst a mature private landscape in the desirable neighborhood of Rose Tree Woods, this split-level home features; Over …
Jul 08
Inflation Drives Mortgage Rates
The 30-year fixed-rate mortgage was back above 3% this week, and economists believe rates will continue to increase over the next few months. “The combination of rising inflation and consumer spending is driving mortgage rates higher,” says Sam Khater, Freddie Mac’s chief economist. “Shoppers looking to buy a home are fueling a strong demand while …
Jul 08
Inventory Woes Aren’t Slowing Down Home Sales
Existing-home sales fared strongly in October even as buyers continued to complain there aren’t enough homes on the market. Existing-home sales, which are completed transactions for single-family homes, townhomes, condos, and co-ops, increased by 0.8% in October compared to September, the National Association of REALTORS® reported Monday. Compared to a year ago, however, sales are …
Jul 03
NAR President Calls for Improving Veteran Buying Process
National Association of REALTORS® President Leslie Rouda Smith testified before Congress Wednesday, encouraging lawmakers to further help veterans achieve the American dream of homeownership. The hearing before the House Committee on Veterans Affairs Subcommittee on Economic Opportunity brought together lawmakers and housing industry leaders to brainstorm ways to remove barriers specific to veteran homeownership. “NAR …
Jul 03
803 1st st, Ocean City, NJ. – 08226 – Jersey Shore Vacation Home.
803 1st st, Ocean City, NJ. – 08226 $1,595,000 Est. Mortgage $9,594/mo*3 Beds3 Baths Listing courtesy of Joan Farrell, Abr – MONIHAN REALTY-A Description about this home for sale at 803 1st st, Ocean City, NJ. – 08226 Leave your worries at the doorstep of this fully furnished 3BR/2.5BA single family home just a short …
