new jersey real estate: Interest Rates Are On The Rise - 04/26/11 12:30 PM

Mortgage interest rates are on the rise.  I've been preaching this for some time now (see my blog post of February 21, 2011) but the Federal Housing Finance Agency has made it official:  the average mortgage interest rate hit 5.06% for the month of March.  The last time the rate was as high as 5% was last June.  This latest announcement highlights the undeniable upward trend in mortgage interest rates since November of last year when the average rate was 4.38%.  This represents an approximate increase of 0.124% per month.
As I wrote back in February, the interest rate you … (0 comments)

new jersey real estate: Useful Little Maps and Graphs from the National Association of Realtors - 03/23/11 10:50 AM
College students across the country are familiar with the ritual of checking the professors' bulletin boards for one's test scores and class standing to be posted - always discreetly by student ID. The National Association of Realtors has recently posted the scores, so to speak, of the individual states' shadow inventory. You can check out your state's standing of shadow inventory compared to the rest of the country. It's interesting, but more importantly, it's a valuable rough competition gauge if you're considering placing your house on the market. You might hold off if there is a lot of shadow inventory poised … (2 comments)





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