Edelman Mortgage Team

10/17/2024

Experts say there is a possibility that the cooling economy could support lower interest rates, but warn about the dangers of waiting for the "perfect rate".

Soon after the Fed lowered interest rates last month, mortgage rates reached a 2024 low point, but the news has not been as good since.

10/15/2024

Join us and thousands of real estate professionals at the NYC Real Estate Expo at the Citizens Booth ( #310) at the mid-town Hilton in Manhattan Wed. October 16th!

We are thrilled to have our fellow Citizens colleagues from Commercial, Business Banking and our retail bank branch channel join the mortgage team in our booth. Stop by our booth to enter our raffle drawing for a special prize! Learn more: https://www.onenationalrealestate.com/nyc-real-estate-expo.html

10/14/2024

It’s Back-to-School season with Homebuying 101. Today’s lesson? Pre-qualifying.

Time is money and that goes for homebuying, too. By getting pre-qualified for a mortgage before you go on house tours and talk to a real estate agent, you are much more prepared to get the most out of your homebuying experience.

Getting pre-qualified not only gives you a clear budget but also shows sellers you’re serious. Once you’re ready to talk financing, I’m here to help.

Citizens offers:
✔️ Conventional, FHA, VA, and Jumbo loan products
✔️ Closing cost and down payment assistance programs (geographic and program restrictions may apply)
✔️ Lender paid mortgage insurance, an alternative to traditional monthly mortgage insurance requirements
✔️ Interest rate protection programs
✔️ Competitive rates

10/07/2024

Good news for homebuyers - mortgage forecasters are anticipating more drops in 30-year mortgage rates by the end of the year.

Mortgage rates have dropped over the past year by more than 1 percent.

09/26/2024

Mortgage refinances surge 20% in the wake of the Fed rate cut.

Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

09/19/2024

The Federal Reserve has finally cut interest rates - what does this mean for your homebuying dreams?

The first rate cut in years will affect many types of consumer products. Here's what it means for credit cards, mortgage rates, auto loans and savings accounts.

09/16/2024

Have you heard of a jumbo loan?

A jumbo loan allows you to purchase a home that exceeds the federal loan limit of a traditional (conforming) loan. Jumbo loans can be used for primary residences, investment properties and vacation homes. Rates, requirements, and underwriting guidelines differ from that of a traditional loan.

I’d be happy to walk you through the details! Feel free to direct message me to learn more and to explore your home loan options!

09/12/2024

Experts say home listings are rising - and with it, prices are slowly improving.

Nationwide, active listings in August were up 36% compared with the same month last year, according to a new report from Realtor.com.

09/09/2024

As interest rates gradually go down, experts are seeing modest signs of homebuyer recovery.

Lower mortgage rates lead to uptick in applications