The 30-year fixed-rate mortgage jumped to a 5% average this week, the first time it’s been that high since 2011. Since the beginning of the year, mortgage rates have jumped by 1.8 percentage points and added about $400 to the average monthly mortgage payment for a median-priced home, Nadia Evangelou, senior economist and director of …
Tag: Anthony DiDonato
Apr 24
3700 Boardwalk #307, Sea Isle City, NJ. 08243 – Jersey Shore Vacation Home
3700 Boardwalk #307, Sea Isle City, NJ. 08243 Listing courtesy of Michael Ternosky – BERKSHIRE HATHAWAY HS FOX & ROACH sic $839,500 Est. Mortgage $6,013/mo*2 Beds 2 Baths SPINNAKER CONDOMINIUM ……..Spectacular Ocean Front Property. This is the beach front unit you’ve been looking for: featuring 2 large bedrooms, 2 full baths, completely remodeled interior with …
Apr 23
9 – 55th St. South, Sea Isle City, NJ. 08243 – Jersey Shore Vacation Home
9 – 55th St. South, Sea Isle City, NJ. 08243 – Jersey Shore Vacation Home Listing courtesy of Daniel Maimone – COMPASS RE – Ocean City $1,799,900 Est. Mortgage $11,380/mo*3 Beds2 Baths Description about this home for sale at 9 – 55th St. South, Sea Isle City, NJ. 08243 VIEWS, VIEWS, VIEWS FROM THIS SPECTACULAR …
Apr 23
Calmer Market Ahead
The past two years have been quite exceptional for real estate. Home sales boomed. Home prices rose at the fastest rate in modern times. However, such a strong housing market created growing pains. Inventory shrank to its lowest count ever. Even through the recent winter months, the inventory that has made it onto the market …
Apr 22
Mortgage Rates Rise
The 30-year fixed-rate mortgage averaged 5.11% this week, continuing its rapid rise, Freddie Mac reports. The higher borrowing costs are forcing home buyers to expand their budgets. With higher rates and home prices, house hunters need to earn about $25,000 extra if they want to buy the typical home now compared to a year earlier, …
Apr 22
2605 Radcliffe Rd, Broomall, PA. 19008 – Delco / Delaware County PA. Home.
2605 Radcliffe Rd, Broomall, PA. 19008 Listing courtesy of Shakeh Ajemian – Keller Williams Main Line $529,900 Est. Mortgage $3,696/mo*5 Beds2 Baths1577 Sq. Ft. Description about this home for sale at 2605 Radcliffe Rd, Broomall, PA. 19008 Lovingly maintained 4 bedrooms, 2 full bath Ranch with fully finished basement available in sought after Marple Township. …
Apr 19
232 Foxcroft Rd. Broomall, PA. 19008 – Delco Home for sale.
232 Foxcroft Rd. Broomall, PA. 19008 Listing courtesy of Mark Guldin – Keller Williams Real Estate – Media $1,399,000 Est. Mortgage $9,649/mo*5 Beds4 Baths8616 Sq. Ft. Description about this home for sale at 232 Foxcroft Rd. Broomall, PA. 19008 More Photos Coming Soon Introducing 232 Foxcroft Road, an unparalleled custom-built estate offering high-end upgrades and …
Apr 19
Housing Affordability Is Stressing Out Buyers
High home prices and mortgage rates are serving as a wake-up call to potential home buyers this spring that their budgets just aren’t going to go as far as they would have a year ago. In the first quarter of this year, 81% percent of consumers said they could afford less than half the homes …
Apr 18
Buyers Must Budget Extra For Closing Costs
Average closing costs for a single-family home rose by 13.4% in 2021, according to a new analysis by CoreLogic, a real estate research firm. That equates to about $6,905 including transfer taxes and $3,860 when transfer taxes are excluded. Home buyers also are facing higher borrowing costs from mortgage rates and higher home prices. The …
Apr 18
2234 Cambridge Rd, Broomall, PA. 19008 – Delco / Delaware County Home.
2234 Cambridge Rd, Broomall, PA. 19008 Listing courtesy of Mike Eagle – Keller Williams Realty Devon-Wayne $530,000 Est. Mortgage $3,702/mo*3 Bed3 Bath2156 Sq. Ft. Description about this home for sale at 2234 Cambridge Rd, Broomall, PA. 19008 Welcome to 2234 Cambridge Rd, a move-in ready gem nestled in the heart of Broomall. This meticulously maintained …
Apr 17
228 Warren Blvd. Broomall, PA. 19008 – Delaware County / Delco Home.
228 Warren Blvd. Broomall, PA. 19008 Listing courtesy of Niki Thompson – EXP Realty, LLC $850,000 Est. Mortgage $5,933/mo*5 Beds4 Baths3344 Sq. Ft. Description about this home for sale at 228 Warren Blvd. Broomall, PA. 19008 Welcome to this stunningly renovated home in Lawrence Park, where every detail is crafted for comfortable living. Spread across …
Apr 17
Demand Doubles for ARMs
The share of mortgage applications with adjustable-rate mortgages doubled last week when compared to three months ago, the Mortgage Bankers Association reported Wednesday. ARMs, which start at one rate and then fluctuate after a set period, comprised more than 9% of loans and 17% of the dollar volume. ARMs were blamed for contributing to the …
