Historically Low Mortgage Rates Hit Atlantic City Area

Financing Options Rate Points Annual Percentage Rate 30 Yr Fixed Conforming 3.125% 0 3.15% 30 Yr Fixed JUMBO                                **loan amounts from $417,001 to $2,000,000** 3.990% 0 4.02% 15 Yr Fixed Conforming 2.500% 0 2.546% 5/1 ARM Conforming 2.125 0 2.836% **ARM Product listed is Fixed for the first 60 Months** Gina Tubertini Loefflad VP, Regional Residential Loan Sales Manager Cell:…

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Homebuyer Enthusiasm Slips; Growing Sense that the Market Is Shifting Toward Sellers

AUGUST 29, 2012 So is it a bad thing or a good thing that the property managers and buyers are sensing that the market is shifting towards the sellers? I think that with the low interest rates the buyers are still going to get great deals and maybe get off the fence sooner than wait around thinking if the prices…

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Mortgage Rates Continue Record-Breaking Streak

Daily Real Estate News | Friday, July 27, 2012 The 30-year fixed-rate mortgage -- the most popular choice among home buyers -- is now a full percentage point lower than a year ago, Freddie Mac reports in its weekly mortgage market survey. Fixed-rate mortgages have been on a record-breaking streak the last few weeks, pushing home affordability even higher. "Market…

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Two companies seeking short sale strides

New approaches to expediting process Inman News Feed  Posted Sep. 3, 2010 By Steve Bergsman This past spring, the Treasury Department put into effect the Home Affordable Foreclosure Alternatives Program (HAFA), which provides incentives in connection with short sales or deeds-in-lieu of foreclosure in an attempt to provide a viable option for homeowners who were unable to keep their homes…

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Need to do a short sale? Facing Foreclosure?

Need to do a SHORT SALE, Facing Foreclosure? Are you late on payments Atlantic City, Ventnor, Margate, Longport or any other city in New Jersey? Atlantic County Ethical, Trustworthy Professionals that Represent YOU! House or Condo worth less than what you paid for it?  We can help The Atlantic County, Atlantic City, Ventnor, Margate, Longport or any other city in…

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Mortgage Update ~ Week of August 6-13

Last Week in the News The Institute for Supply Management reported that the monthly composite index of manufacturing activity was 55.5 in July after reaching 56.2 in June. A reading above 50 signals expansion. It was the 12th straight month of expansion. Total construction spending rose 0.1% to $836 billion in June, following a downwardly revised $834.8 billion in May.…

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