Somers Point, NJ--Known for its annual popular Bayfest in the spring season,(which is cancelled this year because of public safety concerns of the corona virus pandemic),
Federal Reserve Shocks Many Today! Great Interest Rates for Buyers of Homes! by Gary Simmens
Dated: 03/03/2020
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The fed lowered rates a half a point a head of the scheduled time frame today!
Bottom line for buyers of homes today--lets say you have a credit FICO score of:
740 credit score your rates today are:
30 year: amorization 3.125% fixed rate with zero points!
15 year: amorization is 2.75% fixed rate!
REFI will increase even more now!
Spring selling season will be good for buyers and sellers.
Gary Simmens
Licensed since 18 years young, and a broker honors in NJ since his early 20`s, Gary has now, over 44 years experience, diversified in all aspects in real estate, including owning two offices and ma....
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