East Coast Financial Corp.

11/18/2024

10/26/2022

East Coast Financial Corp. is looking to expand! While most mortgage companies and lending institutions are experiencing reductions, we are looking to build for the future. East Coast Financial Corp. has consistently been the most competitive resource for consumers looking to obtain mortgage financing. In over 23 years, East Coast Financial Corp. has never lost business to a competitor that could provide access to lower mortgage rates and closing costs. The ability to provide an extremely competitive product has never been more important than in this current economic climate. This competitive advantage, along with our strong partnership with Zillow, will provide you the ability to communicate with a large volume of potential homebuyers and the viable opportunity to earn their business. If you are a mortgage loan originator that has experienced a decline in productivity due to current market conditions, or are simply looking to make a positive change, I encourage you to contact the owner directly to explore this opportunity.

Jeffrey Brown
President
508-557-1597
[email protected]

05/07/2019

The CoreLogic Home Price Index (HPI) showed that home prices rose by 1.0% in March and 3.7% year over year. CoreLogic forecasts that home prices will increase by 4.8% in the next 12 months.

05/03/2019

The BLS Jobs report showed that there were 263,000 Jobs created in the month of April, which was higher than estimates of 180,000 and last month's prior revised report of 189,000. The unemployment rate fell to 3.6% and Average Hourly Earnings increased by 0.2% on the month and 3.2% year over year.

04/30/2019

Pending Home Sales, which measures signed contracts on existing homes, rose 3.8% in March, which was higher than expectations of 0.7%.

03/22/2019

Existing Home Sales, which tracks closings on Existing Homes, rose 11.8% in February at a 5.51 Million unit annualized pace, which was better than expectations of 5.12 Million. Median Home price increased to $249,500, which was 3.6% higher year over year.

03/08/2019

Housing starts for January were reported at a 1.23 million unit pace, which is an 18% increase from the previous month. This really was a blockbuster number! Specifically, single-family housing starts were up 25% from the previous month. This is wonderful news for the housing market and points to a very healthy spring season!

03/08/2019

Housings Starts for January were reported at a 1.230 Million unit pace, which is an 18% increase from the previous month. This really was a blockbuster number. Specifically, single-family housing starts (which is the heartbeat of the housing market) were up 25% from the previous month. This is wonderful news for the housing market and points to a very healthy Spring season!

03/08/2019

The BLS Jobs Report showed there were 20,000 Jobs created in the month of February, which fell short of the 175,000 estimate. The unemployment rate fell 0.1% to 3.8% and average hourly earnings were up 0.4% for the month and 3.4% year over year.

03/05/2019

New home sales up 3.7% in December. Analysts were expecting a decline of 7.9% so this is fantastic news for the real estate market!

03/04/2019

A recent survey conducted by "Nerdwallet" revealed that half of home buyers look to only one mortgage company when getting a mortgage for a new home. This same survey revealed that comparing interest rates from 5 different companies could result in $430 in savings in the first year alone.

The average interest rate nationwide on a 30-year fixed interest rate was 4.41% the first week of February (source: Freddie Mac). The best 30-year fixed mortgage rate East Coast Financial could assist in obtaining during that same time frame was 4.00%. On a $250,000 mortgage, that would result in a monthly savings of $59.83. Please consider East Coast Financial Corp as one of your 5 options when purchasing your next home.