creating a great time for buyers to look for a
home in the Garden State.
We have all heard about how mortgages are
getting more difficult to obtain, but for the
qualified buyer or investor, this is an
opportunity that does not pass by often.
Coupled with the fact that less people look for homes this time of the year, the lower rates and the increased number of homes on the market at reasonable prices is giving buyers
their pick of the best homes for the most reasonable cost.
The chart above comes from www.bankrate.com and shows how dramatically rates have dropped. To give a simple example, a $300,000 loan taken out in June 2007 at 6.4% would cost almost $80 more than the same loan today at 6%. That could represent over a $25,000 savings over the life of a 30 year loan. Think about it. This might be the right time and all because of New Jersey mortgage Rates.
Exceeding your Expectations
Belita
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