House hunters are watching mortgage rates closely. After all, every increase could have an impact on affordability, particularly given escalating home prices. Nearly half—47%—of home buyers recently surveyed say they would feel more pressure to buy a home if mortgage rates passed 3.5%, according to a new consumer survey conducted by Redfin. Mortgage rates are …
Tag: Anthony DiDonato
Jun 19
113 91st Street, Sea Isle City, NJ. 08243 – Jersey Shore Vacation Home.
113 91st Street, Sea Isle City, NJ. 08243 $2,499,000 Est. Mortgage $15,067/mo*3 Beds2 Baths Listing courtesy of Maureen Morrison – FREDA REAL ESTATE Description about this home for sale at 113 91st Street, Sea Isle City, NJ. 08243 Townsend Inlet Beach Block Opportunity located just 4 houses from the beautiful 91st St. beach! Imagine building …
Jun 19
104 5th Ave, Broomall, PA. 19008 – Delco / Delaware County PA. Home.
104 5th Ave, Broomall, PA. 19008 $269,000 Est. Mortgage $1,866/mo*2 Beds1 bath770 Sq. Ft. Listing courtesy of Kathleen Kennedy – Long & Foster Real Estate, Inc. Description about this home for sale at 104 5th Ave, Broomall, PA. 19008 Perfect chance to own a single home in Broomall at an affordable price! There is a …
Jun 18
Buyers Rushing to Lock In Mortgages
he housing market doesn’t appear to be following its typical seasonal slowdown this winter. Home buyers appeared in a rush last week, with economists crediting rising mortgage rates. Mortgage rates moved to their highest level in more than a year, the Mortgage Bankers Association reports. Buyers who are already facing higher home prices are watching …
Jun 18
Mortgage Rates Post Big Jump This Week
Inflation continues to press on mortgage rates. The 30-year fixed-rate mortgage averaged 3.45% this week, up from last week’s 3.22% average, Freddie Mac reports. “Mortgage rates rose across all mortgage loan types, with the 30-year fixed-rate mortgage increasing by almost a quarter of a percent from last week,” says Sam Khater, Freddie Mac’s chief economist. …
Jun 18
115 40th Street, #4A, Sea Isle City, NJ. 08243 – Jersey Shore Home.
115 40th Street, #4A, Sea Isle City, NJ. 08243 $729,000 Est. Mortgage $4,460/mo*3 Beds2 baths Listing courtesy of Robert Shamberg – BHHS DIVERSIFIED REALTY Description about this home for sale at 115 40th Street, #4A, Sea Isle City, NJ. 08243 Welcome to Sea Isle City, your slice of paradise and tranquility at the Jersey Shore! …
Jun 17
4111 Landis Ave. #C, Sea Isle City, NJ. 08243 – Jersey Shore home.
4111 Landis Ave. #C, Sea Isle City, NJ. 08243 $849,000 Est. Mortgage $5,551/mo*2 Beds2 Baths1017 Sq. Ft. Listing courtesy of Sharon Palmisciano – BALSLEY LOSCO REAL ESTATE Description about this home for sale at 4111 Landis Ave. #C, Sea Isle City, NJ. 08243 GORGEOUS 2 BR, BA condo in pristine condition. Steps to the beach, …
Jun 17
Buyers May Find Opening With Mortgage Credit
Mortgage credit availability loosened in December, even as house hunters continue to face higher prices that are hampering affordability, according to the Mortgage Bankers Association. MBA’s Mortgage Credit Availability Index posted its highest reading since May 2021. However, credit availability is still 30% below pre-pandemic levels. “Credit supply increased in December, with growth across both …
Jun 17
4111 Landis Ave #E, Sea Isle City, NJ. 08243 – Jersey Shore Vacation Home.
4111 Landis Ave #E, Sea Isle City, NJ. 08243 $849,000 Est. Mortgage $5,551/mo*2 Beds2 Baths1017 Sq. Ft. Listing courtesy of Sharon Palmisciano – BALSLEY LOSCO REAL ESTATE Description about this home for sale at 4111 Landis Ave #E, Sea Isle City, NJ. 08243 STEPS TO THE BEACH! No need to move your car because of …
Jun 14
2211 Mary Lane, Broomall, PA. 19008 – Delco / Delaware County PA. Home.
2211 Mary Lane, Broomall, PA. 19008 $645,000 Est. Mortgage $4,346/mo*4 Beds2 Baths1990 Sq, Ft. Listing courtesy of Monika Rani – RE/MAX 440 – Doylestown Description about this home for sale at 2211 Mary Lane, Broomall, PA. 19008 Pictures will be uploaded by the 17th. This magnificent RANCH STYLE home with a stunning stone front is …
Jun 14
Average Size of Mortgage Loan Hits Record High
The average dollar amount of a mortgage purchase application hit a record of $418,500 as higher home prices force buyers to borrow more, the Mortgage Bankers Association reported this week. “The continued rise in purchase loan application sizes is driven by high home price appreciation and the lack of housing inventory on the market—especially for …
Jun 14
Mortgage Rates Surge
Mortgage rates are on the rise in the new year, just like economists predicted. The 30-year fixed-rate mortgage, which is up 45 basis points in less than a month, averaged 3.56% this week compared to 3.11% in the last week of 2021. “Mortgage rates moved up again as the 10-year U.S. Treasury yield rose and …
