Existing-home sales rebounded in September as buyers may have felt a sense of pressure as mortgage rates started to inch up. Existing-home sales rose by 7% in September compared to August. All major regions of the country posted increases last month, the National Association of REALTORS® reported Thursday. “Some improvement in supply during prior months …
Tag: Anthony DiDonato
Jul 12
205 40th North Sea, Sea Isle City, NJ. 08243 – Vacation Home Jersey Shore.
205 40th North Sea, Sea Isle City, NJ. 08243 $1,649,000 Est. Mortgage $9,872/mo*7 Beds5 Baths2400 Square Ft. Listing courtesy of Nicholas Screnci – SEA ISLE REALTY Description on this home for sale at 205 40th North Sea, Sea Isle City, NJ. 08243 Act Now!This NEW CONSTRUCTION corner model is ready to go ! With 7 …
Jul 12
Freddie Initiative Adds Rent Payments to Credit Reports
Freddie Mac announced a new program to help renters build up their credit profiles and help make them more creditworthy. The initiative provides a means for owners or managers of multifamily properties to report on-time rental payments to the three major credit bureaus. The move aims to help a portion of the more than 45 …
Jul 12
How Will Higher Mortgage Rates Impact Home Buying?
Mortgage rates are expected to continue to rise after the Federal Reserve’s announcement Wednesday that it would taper its purchases of bonds and mortgage-backed securities. Will those anticipated higher rates price out more home buyers? While some would-be buyers may back off, analysts say, that would allow more persistent buyers to push through. Higher mortgage …
Jul 11
7308 Landis South SEA, Sea Isle City, NJ. 08243 – Jersey Shore Vacation Home.
7308 Landis South SEA, Sea Isle City, NJ. 08243 $1,699,000 Est. Mortgage $10,429/mo*5 Beds5 Baths Listing courtesy of Moira K. Smith – COMPASS RE – Sic Description on this home for sale at 7308 Landis South SEA, Sea Isle City, NJ. 08243 Introducing an unparalleled new construction in the coveted Townsends Inlet, this townhouse is …
Jul 11
Mortgage Rates Post Temporary Drop
Offering slight relief to home buyers this week, the 30-year fixed-rate mortgage fell to a 3.09% average. But rates may rise again soon. Housing analysts largely expect mortgage rates to increase in the following months due to the Federal Reserve’s announcement this week that it will slowly reduce its monthly bond purchases. “While mortgage rates fell …
Jul 11
Mortgage Delinquencies at Lowest Level Since Pandemic
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 …
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 …