A Historic Rebound for the Housing MarketPending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors;(
Mortgage Interest Rates Will Likely Be Rising Soon
The Federal Reserve Open Market Committee met last week and decided to hold the line on interest rates--for now. But they gave hints that the will raise them early next year. Did you know that a 1/2% increase in mortgage interest rate can reduce a buyer's purchasing power by more than 5%? IF you have been saving for a home, even a 1/4% rise in rates could wipe out your purchasing power gain from a year of savings. But there is still time for you to get into a home purchase contract and lock a low rate before interest rates increase. And we can help you. Please ask us how.
Call Lynn at 973-222-3777 to set up a 30 minute Buyer Consultation and get the ball rolling on your new home purchase before rates go up!
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Real Estate Tops Best Investment Poll for 7th Year RunningEvery year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment.