Blog Archives

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%

Posted in Economic Report, Market Conditions, Mortgages, newsletter, Real Estate

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 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

Posted in Atlantic City, Local News, Market Conditions, Mortgages, newsletter, Real Estate

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

Posted in Atlantic City, Local News, Market Conditions, Mortgages, newsletter, Real Estate

Lenders have become more careful, but mortgages are available

Posted: Saturday, April 2, 2011   By ELAINE ROSE Staff Writer Press of Atlantic City So you’ve found your dream home, or at least have an idea of what you want. Now you have to borrow the money to pay

Posted in Atlantic City, Legal Issues, Margate, Mortgages, Real Estate, Ventnor

Revel to pitch financing plan to save Atlantic City casino project

ATLANTIC CITY — Wall Street giant JPMorgan Chase & Co. will try today to convince a group of banks to back a financing plan that would rescue the troubled Revel casino project. Revel Entertainment Group, the developer, has been trying

Posted in Atlantic City, Casino Developments, Legal Issues, Local News, Mortgages, Real Estate

Federal tax credit’s gone, but first-time homebuyers in Atlantic, Ocean counties can still find help

By KEVIN POST Business Editor | Posted: Sunday, October 3, 2010 The federal tax credit for first-time homebuyers ended in the spring and probably won’t be coming back, but similar help is still available for those living in Atlantic and

Posted in Atlantic City, Legal Issues, Local News, Market Conditions, Mortgages, Real Estate

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

Posted in Legal Issues, Market Conditions, Mortgages, Real Estate, Short Sales

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

Posted in Legal Issues, Market Conditions, Mortgages, Real Estate, Short Sales

Time to Storm the Castle?

by Nick Timiraos and James R. Hagerty At the High End, a Bit More Money Yields Lots More Home; 14 Acres and an Orchard Daniel Horowitz is ready to bargain. The 55-year-old trial lawyer is trying to sell a four-bedroom

Posted in LifeStyles, Market Conditions, Mortgages, Real Estate

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

Posted in Market Conditions, Mortgages

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