Blog

LOOK AT THESE VERY LOW INTEREST RATES! HELPFUL REAL ESTATE WEBSITE: WWW.GARYSIMMENS.COM Average weekly rate data as provided by the Freddie Mac Primary Mortgage Market Survey®04/15/21(most recent) Trending AverageRate Points…

Written by Gary Simmens

April 15, 2021

No Comments

Mortgage interest rates slowly going up

Mortgage interest rates started 2021 at all-time record lows. Throughout January and the first half of February, rates hovered slightly above those record lows. Then, as February came to a…

Written by Gary Simmens

March 11, 2021

No Comments

Price of lumber going sky high on building new homes.

KEY POINTS Lumber prices top $1,000 for the first time as single-family housing starts drop 12% Lumber prices inched over $1,000 per 1,000 board feet, according to Random Length Lumber…

Written by Gary Simmens

February 19, 2021

No Comments

For Year 2020- The Real Estate Homebuyer Profile.

*In Year 2020… 31% of buyers were 1st timers. 44% of buyers were looking to avoid major renovation issues. 18% of buyers contacted a real estate agent as the first…

Written by Gary Simmens

February 17, 2021

No Comments

Valentines Day Market Update at the Greater South NJ Shore Area

Happy Valentines Day Weekend—- Market Update VERY LOW INVENTORY—Still all time low interest rates under 3% Multiple Bidding Wars on properties happening very quickly when listed in most cases in…

Written by Gary Simmens

February 13, 2021

No Comments

Congratulations and a Big Heartfelt “Thank you” to our Clients and Friends

(more…)

Written by Gary Simmens

February 5, 2021

No Comments

The latest mortgage interest rate update as of 01/28/21

Average weekly rate data as provided by the Freddie Mac Primary Mortgage Market Survey® 01/28/21 (most recent) Trending Average Rate Points & Fees Margin  30-Year Fixed Rate ▼ down 2.73%…

Written by Gary Simmens

January 28, 2021

No Comments

Federal Reserve To Leave Interest Rates Alone, Good News Today!

WASHINGTON (AP) — The Federal Reserve pledged on Wednesday to keep its low interest rate policies in place even well after the economy has sustained a recovery from the viral…

Written by Gary Simmens

January 27, 2021

No Comments

Thank you friends and clients for another good year despite setbacks!-from Gary Simmens

Thanks to friends, clients for letting me have a decent year in real estate. 2020 has been a crazy year with Covid 19 and shut down setbacks, but we are…

Written by Admin

January 9, 2021

No Comments

Long term interest rates DROP AGAIN to all time lows during first week of 2021.

WASHINGTON (AP) — U.S. long-term mortgage rates declined this week to new record lows for the first week of 2021. The year opens against the continuing backdrop of damage from…

Written by Admin

January 8, 2021

No Comments