New Jersey Mortgage Rates Plunge
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by Perri K Feldman
- November 29, 2008
- Buying a Home in NJ, NJ First Time Home Buyers, NJ Mortgage Update
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Finally, some good news for New Jersey home buyers near the Midtown Direct Train line.
In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS), exciting news that sent interest rates for 30-year fixed-rate mortgages plummeting below 6.00% and near the lows for the year!
If you have been on the fence about buying or refinancing a home in a New Jersey community along or adjacent to the Midtown Direct Train line, now is the time to act.
Interest rates are extremely low and home prices in some areas are at 2003-2004 levels. Add to that recent declines in energy prices and lower consumer interest rates, and you have a great holiday recipe for success, but only if you give your favorite Midtown Direct realtor a call @ 973.650.4727.
Don’t wait until next week. Call today and we will help you get pre-approved. Rates have already been very volatile and this opportunity might not survive the holidays.
Falling prices are bringing out home buyers that have been waiting to buy near the Midtown Direct Train for the past twenty-four months. They are scooping up both bargains and hot properties.
This is the time for Great Home Buying Opportunities in New Jersey’s Essex, Morris & Union Counties.
Call Perri K. Feldman if you want to learn more about Midtown Direct real estate: South Orange, Maplewood, Millburn, Short Hills, Summit, Chatham, Madison, Morristown, Livingston and West Orange 973.650.4727 or email 
