Average closing costs for a single-family home rose by 13.4% in 2021, according to a new analysis by CoreLogic, a real estate research firm. That equates to about $6,905 including transfer taxes and $3,860 when transfer taxes are excluded. Home buyers also are facing higher borrowing costs from mortgage rates and higher home prices. The …
Tag: Real Estate
Apr 18
2234 Cambridge Rd, Broomall, PA. 19008 – Delco / Delaware County Home.
2234 Cambridge Rd, Broomall, PA. 19008 Listing courtesy of Mike Eagle – Keller Williams Realty Devon-Wayne $530,000 Est. Mortgage $3,702/mo*3 Bed3 Bath2156 Sq. Ft. Description about this home for sale at 2234 Cambridge Rd, Broomall, PA. 19008 Welcome to 2234 Cambridge Rd, a move-in ready gem nestled in the heart of Broomall. This meticulously maintained …
Apr 17
228 Warren Blvd. Broomall, PA. 19008 – Delaware County / Delco Home.
228 Warren Blvd. Broomall, PA. 19008 Listing courtesy of Niki Thompson – EXP Realty, LLC $850,000 Est. Mortgage $5,933/mo*5 Beds4 Baths3344 Sq. Ft. Description about this home for sale at 228 Warren Blvd. Broomall, PA. 19008 Welcome to this stunningly renovated home in Lawrence Park, where every detail is crafted for comfortable living. Spread across …
Apr 17
Demand Doubles for ARMs
The share of mortgage applications with adjustable-rate mortgages doubled last week when compared to three months ago, the Mortgage Bankers Association reported Wednesday. ARMs, which start at one rate and then fluctuate after a set period, comprised more than 9% of loans and 17% of the dollar volume. ARMs were blamed for contributing to the …
Apr 15
Mortgage Rates This week.
The 30-year fixed-rate mortgage barely budged this week, but it’s still stressing home shoppers feeling concern about being priced out. The 30-year fixed-rate mortgage averaged 5.10%, down slightly from 5.11% last week, Freddie Mac reports. But it is one week before the Federal Reserve is expected to raise interest rates further, Nadia Evangelou, National Association …
Apr 15
351 Sussex Blvd, Broomall, PA. 19008 – Delco Home .
351 Sussex Blvd, Broomall, PA. 19008 Listing courtesy of Leann Murphy – RE/MAX Preferred – Newtown Square $500,000 Est. Mortgage $3,503/mo*3 Beds2 Baths1260 Sq. Ft. Description about this home for sale at 351 Sussex Blvd, Broomall, PA. 19008 Experience the ease and convenience of one floor living at its finest in this beautifully updated ranch …
Apr 12
210 93rd St. Sea Isle City, NJ. 08243 – Jersey Shore Home.
210 93rd St. Sea Isle City, NJ. 08243 Listing courtesy of Kevin P. Gillespie – RE/MAX PREFERRED SEA ISLE $1,399,000 Est. Mortgage $8,690/mo*2 Beds1 Bath Description about this home for sale at 210 93rd St. Sea Isle City, NJ. 08243 Here’s your opportunity to purchase this 1950’s classic shore cottage being offered along with a …
Apr 12
Mortgage Payment Nearly 50% Above a Year Ago
There’s reason talk of sticker shock has grown increasingly common in real estate: Home prices and mortgage rates have significantly increased home buyers’ costs in just one year. Mortgage rates have risen at the fastest pace in four decades. The 30-year fixed-rate mortgage averaged 5.10% this week, Freddie Mac reports. A year ago, rates averaged …
Apr 11
Misperceptions Persist Over VA Loans
Mortgage loans backed by the Department of Veterans Affairs can help make homeownership more attainable for military families with its offers of zero-down-payment loans. But many vets or service members may not know what’s required to use one or how they work, a new study shows. A new study of 1,000 active-duty service members and …
Apr 11
226 44th St. Sea Isle City, NJ. 08243 – Jersey Shore Vacation Home.
226 44th St. Sea Isle City, NJ. 08243 Listing courtesy of Nicholas Screnci – SEA ISLE REALTY $1,775,000 Est. Mortgage $11,157/mo* 6 Beds5 Baths2325 Sq. Ft. Description about this home for sale at 226 44th St. Sea Isle City, NJ. 08243 This NEW CONSTRUCTION is READY FOR THE SUMMER OF 2024! Conveniently positioned in a …
Apr 10
215 Ashford Dr. Broomall, PA. 19008 – Delco Home for Sale.
215 Ashford Dr. Broomall, PA. 19008 Listing courtesy of Michelle Mcdowell – Compass RE. $475,000 Est. Mortgage $3,235/mo*3 Beds2 Baths1470 Sq. Ft. Description on this home for sale at 215 Ashford Dr. Broomall, PA. 19008 Welcome to 215 Ashford Drive, a charming 3-bedroom, 1.5-bathroom home in the Lawrence Park section of Broomall. Owned by the …
Apr 10
The Impact of High Mortgage Rates
The sharp rise in mortgage rates this year has added hundreds of dollars to new monthly mortgage payments. In fact, climbing rates have caused the monthly amount of a new mortgage payment to increase by an average of $258.57. That equals an average of an extra $3,102.84 per year and an average of $93,085.20 over the …
