Are Mortage Rates in the Long Beach Island New Jersey Real Estate Market Rising?
Long Beach Island Real Estate
Since March of 2020, the Long Beach Island real estate market has seen unprecedented activity. Prices have risen, inventory has fallen, and interest rates have plummeted. The lower cost of borrowing money helped to offset the rise in prices in the LBI real estate market, which has created a unique opportunity for home buyers. This leads us to the question of are LBI real estate mortgage interest rates going to increase? The truth is, nobody knows for certain, but all signs seem to point to yes.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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