Mortgage Rates Climb 📈 + What It Takes to Buy in North Jersey 🏡💰

14/02/2025 29 min
Mortgage Rates Climb 📈 + What It Takes to Buy in North Jersey 🏡💰

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Episode Synopsis

Mortgage rates are back above 7%—what’s driving the increase? 📊 We break down the latest CPI inflation report, why the Fed isn’t likely to cut rates soon, and how the market is reacting. Plus, we take a deep dive into what it actually takes to buy a home in Northern NJ. 💵 From Bergen to Hudson County, we crunch the numbers on home prices, income requirements, and affordability trends. Also, in our Did You Know? segment, we explore HELOCs—how they work, when they make sense, and whether they’re the right choice for tapping into your home’s equity. Don’t miss it! 🎧🏠#MortgageRates #RealEstate #HomeBuying #HousingMarket #InterestRates #Inflation #HomeEquity #FinanceTips 🚀Watch this episode on Youtube!Interested in getting Pre-Approved? Submit your Pre-Approval inquiry here!Interested in your Refinance options? Submit your Refinance inquiry here!Follow me on: Facebook Instagram LinkedIn YouTube Peter D'Angelo | NMLS: 885309 | Branch Manager | Guaranteed Rate, Inc., NMLS [email protected]*All information, topics, discussion is my own personal opinion and insight, not reflective of Guaranteed Rate, Inc. May contain market information for informational purposes only, not to be used as financial advice.

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