Can't control mortgage rate volatility? Control these 3 factors affecting your rate. Expert advice for South Jersey first-time buyers.
Interest Rates
Thinking about Selling Your South Jersey House As-Is? Read This First. If you’re thinking about selling your house in South Jersey this year, you’re likely facing a key choice: Do you sell it as-is to keep things simple? No repairs. No hassle. Or do you fix it up first – so it shows better and sells for top dollar? In 2026, this choice matters more than ever in our local market....
Recent headlines may leave you wondering what’s next for mortgage rates. Maybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Rate doesn’t directly determine mortgage rates, it does tend to impact them. But when...
If you’ve been thinking about buying a home, mortgage rates are probably top of mind for you. They may even be why you’ve put your plans on hold for now. When rates climbed near 8% last year, some buyers found the numbers just didn’t make sense for their budget anymore. That may be the case for you too. Data from Bright MLS shows the top reason buyers delayed their...
If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows. And spoiler alert: that’s not in the cards. Instead, experts say home prices are going to keep going up. Today’s market is very different than it was before the housing crash in 2008. Here’s why. It’s Harder To Get a Loan Now – and That’s...
![How Changing Mortgage Rates Impact You [INFOGRAPHIC]](https://mikesellsnj.com/wp-content/uploads/2024/02/How-Changing-Mortgage-Rates-Impact-You-KCM-Share-Jt4rz5.png)
Some Highlights If you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. That’s because even a small change in mortgage rates can have a big impact on your purchasing power. The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a...