All Posts in New Jersey

For The 9th Straight Month, Foreclosure Filings Fall

July 20, 2011

For the 9th straight month last month, foreclosure activity slowed. According to tracking firm RealtyTrac, the number of  filings dropped 29 percent nationwide on an annual basis in June. The phrase “foreclosure filing” is a catch-all term, comprising default notices, scheduled auctions, and bank repossessions. June marked the ninth consecutive month of sub-300,000 filings after 20 months [...]

This week in the Mortgage Markets

July 19, 2011

Mortgage markets worsened last week as concerns for the global economy drove new rounds of “safe haven” buying. Fear continues to dominate mortgage bond market movement and Pennsylvania and New Jersey rate shoppers are benefiting. Conforming and FHA mortgage rates fell for the second straight week last week, and closed out Friday with favorable momentum [...]

Fed Meetings and their impact on consumers

July 18, 2011

The Federal Reserve released its June 2011 Federal Open Market Committee meeting minutes Tuesday. It contained no surprises and, as such, mortgage rates in Pennsylvania and New Jersey have idled in the hours since. The Fed Minutes is published 8 times annually, three weeks after each scheduled Federal Open Market Committee meeting. It’s the official log [...]