Press Releases
| Mortgage |
2009 Survey Shows First-Time Buyers Active in Market
December 21, 2009 Posted by NJAR
Edison, NJ - December 21, 2009 - (RealEstateRama) — According to the 2009 Profile of New Jersey Home Buyers and Sellers, first-time buyers account for a larger portion of the housing market than in previous years, largely due to the impact of the federal home buyer tax credit.
Borrowers Predicting Mortgage Rates Based on the Fed’s Rate Adjustments May be in for Unpleasant Surprises
November 8, 2007 Posted by New Jersey RealEstateRama
Misconceptions about mortgage rates’ driving forces can cost borrowers huge sums
HOLMDEL, N.J., Nov. 8 /PRNewswire/ — Each time the Federal Reserve (the Fed) cuts interest rates, borrowers converge upon their mortgage representatives expecting lower interest rates. Unfortunately, they find that mortgage rates often rise after the Fed cuts rates, and those who have held off […]
APR Often Misleads Borrowers into Costlier Mortgage Loans
October 8, 2007 Posted by New Jersey RealEstateRama
Comparison shopping based on APR can lead to an expensive long-term investment
HOLMDEL, N.J., Oct. 8 /PRNewswire/ — Borrowers who shop for mortgages based on the loan’s annual percentage rate (APR) often choose costlier mortgage loans without ever knowing it. Using APR as a determining factor when selecting a loan is actually a very poor and […]
