Roger Babson Realtor Associate

10/03/2024

Purchase & Refinance Mortgages are Coming Back as Rates Drop
Homebuyers are returning to the market, with mortgage-rate locks surging nearly 70% as of September 23. Mortgage purchase applications rose by over 10% month over month and are up 2% year over year. This is the first time that the purchase application index has been positive on a year-over-year basis in two years. Also, Redfin’s Homebuyer Demand Index hit its highest point since May. Lower rates have made housing more affordable, with the median monthly housing payment down 4.4% year over year. Additionally, new home listings are up 7.6% annually as sellers respond to improving market conditions.

Refinances have been improving as well. Refinance activity climbed 20% higher week over week and are up a whopping 175% year over year. Refinance mortgages made up 56% of total mortgage applications, up from 51% the prior week.

Whether you are looking to purchase a home or refinance your current loan, this is the time to start looking if you haven’t already.

Source:

Mortgage-rate locks rose 68% from a month earlier in the days after the Fed announced its interest-rate cut, and Redfin’s Homebuyer Demand Index shot up to its highest level since May.

02/18/2024

Ready to make a big move in the housing market?

Whether buying or selling, there's never been a better time to build equity, personalize your space, or turn a profit.

Curious about how you can benefit from today's opportunities? Reach out, and let's explore your possibilities together!

02/08/2024

Welcome to our virtual home tour! Turn on the music and Step inside. Explore every corner of this beautiful property from the comfort of your own home. Whether you're in the market for a new home or just love to explore different properties, this virtual tour is the perfect way to experience the beauty and charm of this home. So sit back, relax, and let's begin our virtual tour!

For More Information TEXT E119351 to 85337 or Call 732 330 5582 To Reach Roger Babson And Schedule A Private Showing.

02/06/2024

January Real Estate Market Update for Ocean and Monmouth counties.

11/27/2023

Ever dreamt of waking up to a serene farmhouse sunrise? Or maybe you fancy the buzz and bustle of townhouse living, right in the heart of the city? It's your future, your choice - so picture your perfect day.

11/24/2023

You know what's coming -- snow, cold, mud, rain, bare trees, and generally un-photogenic landscapes.

So, if you're thinking of listing your home in the winter, spring, or even early summer of 2023, you must get your home photography taken now. Homes show so much better when there is natural light beaming through the windows, leaves on the trees, and lush landscaping in the yard.

If you still have some cleaning and decluttering to do inside your home, or if you want to wait until after the holiday season to depersonalize your home, we can get your photography scheduled and be ready to make the best first impression on your future buyers. 🤩

11/22/2023

Battle of the pies...which do you prefer, pecan pie or apple pie?

11/20/2023

Winter is knocking! ❄️

Remember to show a little TLC to your patio furniture by giving it a good clean and snug cover for protection against the chilly months ahead.

Ensuring your home is winter-ready in every aspect, from patio to pantry, is the responsible homeowner's autumn ritual!

11/17/2023

Calling all self-employed dreamers ready to make their homeownership dreams a reality! If you're self-employed and looking to secure a mortgage, these invaluable tips will guide you toward success.

1) Organize financial records.
2) Build a strong credit history.
3) Show consistent income.
4) Save for a larger down payment.
5) Reach out so we can find you a good rate.

Stay focused, remain diligent, and watch your dreams of owning a home become a reality!

11/15/2023

Which beverage are you drinking to warm you up this winter season?