New Jersey Mortgage Rates

Fewer jobless claims, a weaker dollar, and rising oil prices have all lead to speculation this week that the Fed's montage of rate cuts may be at an end. This has caused treasuries and mortgage backs to rise in anticipation of concerns for inflationary pressures that are already starting to hit the market. The concern is that if the Fed decides inflation is now the priority and starts raising rates, this could put even more pressure on an already severely hampered housing market. Fed chairman Ben Bernake will certainly be earning his keep this summer.

Please feel free to call with any questions regarding rates, pre-qualifying or using creative financing to qualify your "tough" buyers.

Atlantic Home Loans | 20 Chapin Road, Unit 1013A | Pine Brook | NJ | 07058