Market News and Stats

What we are seeing in our local New Jersey market including market statistics.

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Market News and Stats What is the 2-1 buy down that lenders are talking about? In the short period between early August and late October the average interest rate for a 30 year mortgage spiked from 5.50% to about 7.20%. As a result lenders shifted their marketing focus to something we haven’t seen in years while rates have been outrageously low – seller paid buy downs of interest rates to […]
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