If borrowing costs get just a little higher, the average household may be blocked from homeownership, warns an NAR economist. Mortgage rates continued inching up this week, nearing a threshold that would bring the average American household to a financial tipping point, warns Nadia Evangelou, senior economist and director of forecasting for the National Association …
Tag: Real Estate
Feb 16
Broomall / Delco Home – 103 Thomas Ave. Broomall, PA. 19008.
103 Thomas Ave. Broomall, PA. 19008. Listing courtesy of Heather Griesser Lapierre- RE/MAX Preferred – Newtown Square $625,000 Est. Mortgage $4,291/mo*3 Beds2 Baths1812 Sq. Ft. Description about this home for sale at 103 Thomas Ave. Broomall, PA. 19008. Welcome home to this completely remolded ranch home in Broomall. Large front patio invites you into the …
Feb 15
Delco / Broomall PA. home – 631 S. Central Blvd. Broomall, PA. 19008
631 S. Central Blvd. Broomall, PA. 19008 Listing courtesy of Pete Sekhawat – VRA Realty $669,900 Est. Mortgage $4,623/mo*4 Beds3 Baths2128 Sq. Ft. Description about this home for sale at 631 S. Central Blvd. Broomall, PA. 19008 This beautiful home is in a desirable section of Lawrence Park. This home features a large Living Room …
Feb 15
Experts: Buyers Should Shop Around for a Mortgage as Rates Rise
Borrowers stand to save thousands by gathering multiple quotes from lenders. As mortgage rates surge and remain volatile, it’s becoming increasingly necessary for home buyers to shop around for a loan to find savings. According to Freddie Mac, borrowers potentially could save an average of $1,500 over the life of a loan by gathering one additional …
Feb 14
Mortgage Rates
Monthly mortgage payments are 60% higher than a year ago, according to NAR. Buyers can save by shopping around for different types of loans. The interest rate for the 30-year fixed-rate mortgage crossed a major threshold this week, hitting 6.02%—the first time it has broken 6% since 2008, Freddie Mac reported Thursday. Volatile mortgage rates …
Feb 14
Broomall / Delaware County Home – 18 Grove Lane, Broomall, PA. 19008
18 Grove Lane, Broomall, PA. 19008 Listing courtesy of Nancy Cullen – BHHS Fox&Roach-Newtown Square $527,900 Est. Mortgage $3,661/mo*3 Beds2 Baths1864 Sq. Ft. Description about this home for sale at 18 Grove Lane, Broomall, PA. 19008 Location, location, location…Welcome to 18 Grove lane located in the beautiful neighborhood of Rose Tree Woods of Marple Township. …
Feb 13
Broomall / Delco Home – 415 Eldon Dr. Broomall, PA. 19008
415 Eldon Dr. Broomall, PA. 19008 Listing courtesy of Kathleen A Carney – Compass RE $499,999 Original price: $344,900Est. Mortgage $3,380/mo*3 Beds3 Baths1520 Sq. Ft. Description about this home for sale at 415 Eldon Dr. Broomall, PA. 19008 Welcome to 415 Eldon Drive, an enchanting residence nestled in the heart of Broomall that will leave …
Feb 13
Existing-Home Sales Slip Again
Still, homeowners are faring well, with property prices surging despite a pullback in buyer demand, says NAR’s chief economist. Existing-home sales slipped further in August as economists blame the “housing recession” mostly on higher mortgage rates, though home prices continue rising, according to newly released data from the National Association of REALTORS®. But while existing-home …
Feb 12
Mortgage Rates Inch Closer to 7%
Buyers would be smart to shop around: The large dispersion in rate offerings among lenders could amount to several hundreds of dollars, Freddie Mac says. Home buyers who waited to buy a home this month compared to last month may have some regrets. Home buying is 12% more expensive than just a month ago. Fast-rising …
Feb 12
Jersey Shore / Sea Isle City Home – 21 68th St. Sea Isle City, NJ. 08243
21 68th St. Sea Isle City, NJ. 08243 Listing courtesy of Dustin Laricks – COMPASS RE – Sic $1,799,000 Est. Mortgage $11,190/mo*5 Beds5 Baths2225 Sq. Ft. Description about this home for sale at 21 68th St. Sea Isle City, NJ. 08243 Desirable beach block home in Sea Isle; 5-BR, 4.5 bath, beautifully furnished home with …
Feb 09
Delco / Broomall PA. Home – 503 Warren Blvd. Broomall, PA. 19008
503 Warren Blvd. Broomall, PA. 19008 Listing courtesy of Scot Reichard – Micozzie Real Estate $545,000 Est. Mortgage $3,698/mo*3 Beds2 Baths1520 Sq. Ft. Description about this home for sale at 503 Warren Blvd. Broomall, PA. 19008 Move-in ready 3 bedroom 1.5 bath split level ! Located in the highly sought after Lawrence Park section of …
Feb 09
Mortgage Rates Average 6.66%
Home buyers have lost about $107,000 in buying power since the beginning of the year—and that’s what’s truly scary. Despite a slight decrease this week in mortgage rates, the average for the 30-year fixed-rate loan remains more than double what it was a year ago, adding hundreds of dollars per month to financing costs for …
