The number of owners who can save by refinancing is down by more than half from the start of this year to 5.9 million, according to Black Knight data. Black Knight considers refinance candidates as 30-year mortgage holders who have a maximum 80% loan-to-value ratio, a credit score of 720 or higher, and a likelihood of …
Tag: Real Estate
Jun 13
25 46th Street, Sea Isle City, NJ. 80243 – Jersey Shore Vacation Home.
25 46th Street, Sea Isle City, NJ. 80243 $1,999,000 Est. Mortgage $12,068/mo*6 Beds5 Baths2508 Sq. Ft. Listing courtesy of Dustin Laricks – COMPASS RE – Sic Description about this home for sale at 25 46th Street, Sea Isle City, NJ. 80243 Are you looking for a townhouse that is very close to the beach with …
Jun 12
3901 Cini St. N #SEA, Sea Isle City, NJ. 08243 – Jersey Shore Vacation Home.
3901 Cini St. N #SEA, Sea Isle City, NJ. 08243 $1,449,000 Est. Mortgage $8,990/mo*4 Beds3 Baths1898 Sq. Ft. Listing courtesy of David Farina – FARINA & BOESHE, INC Description about this home for sale at 3901 Cini St. N #SEA, Sea Isle City, NJ. 08243 This corner Townhome in a popular residential neighborhood is turn-key …
Jun 12
Rising Rates May Spark Buying Spree
The fear of missing out, or “FOMO” as it’s called on social media, could prove to be a strong motivation for potential home buyers to enter the market quickly as mortgage rates rise. The potential loss of homebuying power may “supercharge the housing market ahead of the spring homebuying season,” says Mark Fleming, chief economist …
Jun 11
Mortgage Rates Level Out
Mortgage rates held steady overall this week, a welcome relief to home shoppers who may have been watching them rise week after week since the beginning of the year. The 30-year fixed-rate mortgage averaged 3.55% this week, Freddie Mac reports. “Following a month-long rise, mortgage rates effectively stayed flat this week,” says Sam Khater, Freddie …
Jun 11
2763 Old Cedar Grove Road, Broomall, PA. 19008 – Delco / Delaware County PA. Home.
2763 Old Cedar Grove Road, Broomall, PA. 19008 $449,000 Est. Mortgage $3,078/mo*4 Beds3 Baths2048 Sq. Ft. Listing courtesy of Bill Mccormick – BHHS Fox & Roach-Exton Description about this home for sale at 2763 Old Cedar Grove Road, Broomall, PA. 19008 A true diamond in the rough! This investor’s special with tons of potential is …
Jun 10
Take the Good With the Bad
Investors and move-up buyers will keep home sales humming, but inflation and other issues could be hurdles. Key Takeaways: “It was the best of times, it was the worst of times … it was the spring of hope, it was the winter of despair.” Those are the words of Charles Dickens in A Tale of …
Jun 07
30-Year Mortgage Rate Surge
Mortgage rates continue to rise and are nearly a full percentage point higher than a year ago. House hunters should brace themselves for rates near 4% before the end of the year, economists say. “The normalization of the economy continues as mortgage rates jumped to the highest level since the emergence of the pandemic,” says …
Jun 07
Iconic HOME ALONE House Finds Buyer…
The house where the iconic holiday classic “Home Alone” was filmed has apparently found a buyer. The iconic home, located in the 600 block of Lincoln Avenue in Winnetka, went up for sale on May 24 with an asking price of $5,250,000. According to its listing on Zillow, the home went “contingent” on May 31 — …
Jun 06
2221 Dickens Lane, Broomall, PA. 19008 – Delco / Delaware County Home.
2221 Dickens Lane, Broomall, PA. 19008 $450,000 Est. Mortgage $3,019/mo* 3 Beds2 Baths1134 Sq. Ft. Listing courtesy of Mike Eagle – Keller Williams Realty Devon-Wayne Description about this home for sale at 2221 Dickens Lane, Broomall, PA. 19008 Discover this delightful brick rancher nestled in the serene neighborhood of Langford Hills. This inviting home features …
Jun 06
Mortgage Payments Jump
Housing affordability is tightening as home prices continue to climb faster than incomes. The median family income rose by 4.5% year over year in December 2021, while the monthly mortgage payment rose 22.5%, the National Association of REALTORS® reports. The threat of rising mortgage rates could pose another challenge to housing affordability in the coming …
Jun 05
Freddie Mac Tool Aims to Ease Mortgage Paperwork
Freddie Mac is launching an automated method for lenders to assess prospective borrowers’ income that is paid through direct deposits. The tool is intended to help reduce the paper documentation burden on borrowers so loans can close faster, Freddie Mac says. The income assessment tool will be available to mortgage lenders nationwide and can be …