Many Morris County homeowners will be planning to list their properties this spring because it’s when future home sales would be expected to peak. Historically, at least, spring is when a sudden crush of prospects usually arrive on the scene. But this year, the upward drift in mortgage interest rates might have would-be sellers worried. After all, it’s common sense …
5 Reasons for Buying Your Morris County Home Now
There’s no challenging that ancient fable about the boy who cried wolf—which boils down to a simple story about why false alarms turn into more than minor irritants when a real wolf shows up. I can’t think of a comparable fable for the opposite situation, which is when an opportune circumstance has been ballyhooed so often that a surefire opportunity …
Morris County Real Estate: Scoping a Clearer Picture for 2018
It’s irresistible: peering into the new year, trying to guess what the Morris County real estate landscape will look like in the coming 365 days. At the close of an outstanding 2017, although it’s always a little foolish to assume too much about details in a world that changes as rapidly as ours does, I think there are some more-probable-than-not …
Applying for Morris County Mortgages: One Underlying Factor
Every mortgage lender develops their own unique guidelines for evaluating the factors contained in a home loan application. These may change from time to time so that their portfolios stay “balanced”—that is, so that the cumulative risk represented by the entire batch of home loans do not exceed the level of risk they wish to assume. Potential Morris County mortgage …
Morris County Refi Warriors Take the Initiative
Back when Morris County mortgage interest rates plummeted by 46% in less than four years, it precipitated a sort of refi tsunami. The volume of Morris County refinancings was nothing short of enormous. For the first time in a long time, the benefit for homeowners who could lower their Morris County mortgage interest payments had become all but irresistible to …
Morris County Mortgage Rates Echo Another 2017 Low
A couple of weeks back, the ultimate authority on Morris County mortgage rates hadn’t minced words. That was Freddie Mac, whose opinion about mortgage rates constitutes the final say in the matter. Freddie isn’t modest about its preeminence (Freddie’s trademarked corporate slogan is “We make home possible”). Together with sibling Fannie Mae, the quasi-governmental entities stand behind 60% of U.S. …
Pricing Your Morris County Home: in Search of Perfection
Figuring out the perfect pricing for any Morris County home for sale would be easier if there were a way to confirm past instances that hit that mark precisely. But that can’t be done. It’s the nature of the beast: it’s simply not possible. Even if a comparable Morris County home’s asking price resulted in being sold immediately at that …
As Morris County Mortgage Rates Hold Steady, Diligence Pays
Mortgage rates in Morris County remained mostly steady this past month, at least partially due to the predictable July-August doldrum effect. When the summertime vacation schedules of Washington and Manhattan movers and shakers presages a slowdown in activity and economic reports, there is simply less going on that might affect the rate meter—in either direction. Summertime can also mark the …
Some Morris County Luxury Homes Might Not be Out of Reach
The content the National Association of Realtors® publishes is usually staid and non-controversial. After all, what they put out there has to ring true for the real estate industry in every nook and cranny of the country: in communities large and small, coast to coast—from Podunk to Peoria, Manhattan to Morris County. Real estate is, after all, the most massive …
Morris County Mortgages & the Student Loan Phenomenon
All of a sudden last month Morris County readers might have come across a number of new articles dealing with the same topic: the problem young first time home buyers are encountering due to outstanding student loans. The target group is the millennials—everyone born between the early 1980s and 2000s. If you are one of them, you are frequently reminded …