Starting the New Year with Good News!
January 2nd, 2009 by Martha McDonnell
Happy New Year!
I always like to start a new year with good news, so here it is:
1) The foreclosure rate in New Jersey did not go up in November! There are 2 foreclosures for every 10,000 households. (Source: Jeffrey Otteau)
2) Mortgage Interest Rates: Conforming loans are hovering around 5%, with jumbo and super jumbo rates posting an average of 2% higher than most conforming rates.
