If you need assistance, please call 609-780-1434

Good News On Interest Rates!

Saturday, July 9, 2016   /   by Teresa Dipeso

Good News On Interest Rates!

Home-buyers rejoice!  When the jobs report for June came out last week, many feared it would trigger a rise in interest rates.  287,000 jobs were added in June, over 100,000 more than expected.  Often, this sort of news would cause interest rates to follow the uptick in growth.  However, rates remain at their historically low levels, with a 30-year fixed rate at just 3.52%, on average, as of July 8.  Last November, when a stronger than expected October jobs report came out, rates rose 3.98% to 4.11%.  So, make the most of this prime time to buy.  The market moves up but rates remain low.  It's time to buy!  


rate.jpg
Teresa M DiPeso & The DiPeso Group Jersey Shore Real Estate Experts
Teresa M. DiPeso
Long & Foster
Avalon/Stone Harbor/Cape May/Sea Isle/Wildwoods, NJ 08202
609-780-1434

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the South Jersey Shore Regional MLS. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
This site powered by CINC: www.cincpro.com
*****START GA CODE***** *****END GA CODE*****