For the fourth consecutive week, mortgage rates surged, up more than 90 basis points in one month. Rates have jumped from 3.76% to 4.67% in just March alone, significantly increasing the borrowing costs for buyers, Nadia Evangelou, senior economist and director of forecasting at the National Association of REALTORS®, wrote for the association’s blog. The …
Tag: Anthony DiDonato
May 02
6315 Pleasure Ave, Sea Isle City, NJ. 08243 – Jersey Shore Vacation Home.
6315 Pleasure Ave, Sea Isle City, NJ. 08243 Listing courtesy of Marie Lepera – BHHS FOX and ROACH-Brigantine $2,875,000 Est. Mortgage $17,932/mo*4 Beds 5 Baths Description about this home for sale at 6315 Pleasure Ave, Sea Isle City, NJ. 08243 Welcome to 6315 Pleasure Ave – Living the Dream! This stunning 4 bed, 4.5 bath …
May 01
2975 Highland Ave, Broomall, PA. 19008 – Delco home.
2975 Highland Ave, Broomall, PA. 19008 Listing courtesy of Jennifer Braun – Compass RE $450,000 Est. Mortgage $3,201/mo*3 Beds2 Baths2089 Sq. Ft. Description about this home for sale at 2975 Highland Ave, Broomall, PA. 19008 Welcome to this charming cape cod home nestled back to provide privacy among the bucolic yard filled with mature landscaping. …
May 01
ARMs May Appeal to Buyers Seeking Savings
Adjustable-rate mortgages can carry some risks, but as rates rise, more home buyers may consider them. ARMs typically have a lower initial interest rate than 30-year fixed-rate mortgages, but the rate will change after a defined duration. Borrowers then must pay the rate set when their lock period expires, which can be risky if rates …
Apr 30
Mortgage Rates on the Horizon
Mortgage rates have been rising quickly over the past month. A year ago, the 30-year fixed-rate mortgage was 3.18%. Last week, it averaged 4.67%, according to Freddie Mac. Mortgage rates surged more than 90 basis points in March alone. And 5% mortgage rates may be here sooner than many housing analysts had originally predicted. Several leading …
Apr 30
74 5th Ave, Broomall, PA. 19008 – Delaware County – Delco Home.
74 5th Ave, Broomall, PA. 19008 Listing courtesy of Paulette Kreider – RE/MAX Hometown Realtors $474,900 Est. Mortgage $3,361/mo*3 Beds3 Baths1456 Sq. Ft. Description about this home for sale at 74 5th Ave, Broomall, PA. 19008 Make it a point to see this move in ready center hall colonial, lovingly maintained by its original owner. …
Apr 29
Eagle Dr, Broomall, PA. 19008 – Delco Home
Eagle Dr, Broomall, PA. 19008 Listing courtesy of Amy Fizzano – Fizzano Family of Associates LLC $1,350,000 Est. Mortgage $9,394/mo*5 Beds4 Baths3746 Sq. Ft. Description about this home for sale at Eagle Dr, Broomall, PA. 19008 Eagle Drive at Old Cedar Grove will feature eleven stunning new custom-built homes and will offer up to twelve …
Apr 29
Rising Rates Constrain Buyers’ Budgets
Home buyers this spring are facing a double whammy of rising home prices and mortgage rates. The 30-year fixed-rate mortgage rose to 4.72% this week, from 3.13% when compared to a year ago, Freddie Mac reports. Over the last three months, mortgage rates have risen by 1.5 percentage points, the fastest three-month rise since May …
Apr 26
Buyers Hope to Secure Mortgage Rates
Mortgage rates are quickly rising and home buyers are trying to snatch up low rates before further increases. Rate lock activity jumped in March as the average 30-year fixed-rate mortgage neared 5%, according to Black Knight’s March Originations Market Monitor. “Despite seeing the fastest one-month rise in rates in nearly 13 years, we saw purchase …
Apr 26
15 54th St. W #SEA, Sea Isle City, NJ. 08243 – Jersey Shore Vacation Home.
15 54th St. W #SEA, Sea Isle City, NJ. 08243 Listing courtesy of Stacy Demcher – KELLER WILLIAMS REALTY JERSEY SHORE oc $1,799,000 Est. Mortgage $11,490/mo*4 Beds3 Baths3000 Sq. Ft. Description about this home for sale at 15 54th St. W #SEA, Sea Isle City, NJ. 08243 Best beach block townhouse with ocean views in …
Apr 25
712 Paxon Hollow Rd, Broomall, PA. 19008. Delco / Delaware County PA. home.
712 Paxon Hollow Rd, Broomall, PA. 19008 Listing courtesy of Norm Andrews – RE/MAX Preferred – Newtown Square $399,900 Est. Mortgage $2,797/mo*3 Beds2 Baths1814 Sq. Ft. Description about this home for sale at 712 Paxon Hollow Rd, Broomall, PA. 19008 This well maintained Expanded stone front ranch home features a one car garage and oversized …
Apr 25
Buyers May Need to Seek Homes $40K Cheaper
Inflation is at a 40-year high, and the average consumer is spending $500 more a month on living expenses than a year ago. As such, home buyers may need to lower their budgets to keep pace. House hunters would be smart to search for a home that is about $40,000 cheaper than they would have a …
