Did the Biden Administration Just Give Lower Credit Scores Better Mortgage Rates?
This week we re-focus on our financing series. There are rumors about that new Biden administration changes to the rules affecting “conforming” mortgage loans make it so that lower credit scores yield better mortgage rates. Is this true? We take an in-depth look to see where this idea is coming from.
For reference, we do refer to some charts and info you can find in this article: https://www.mortgagenewsdaily.com/markets/mortgage-rates-04212023
As always, find links below for everything listed, put under contract, or sold in Sea Isle, Avalon & Stone Harbor, The Wildwoods, Ocean City, and Upper Township (includes Strathmere).
To discuss anything real estate related or your plans to buy, sell, or rent, call us at 609-478-0333 or email [email protected].
New Listings, Sold Listings, and Pending Sales for Week Ending April 29
Sea Isle- New Listings and Price Changes (4), Sold (5), New Pending (5)
Stone Harbor and Avalon- New Listings and Price Changes (8), Sold (2), New Pending (4)
The Wildwoods- New Listings and Price Changes (20), Sold (11), New Pending (17)
Ocean City- New Listings and Price Changes (18), Sold (18), New Pending (15)
Upper Twp (Includes Strathmere)- New Listings and Price Changes (4), Sold (2), New Pending (1)
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