Michael Badessa's (mbadessa) Blog

The Keri Ricci team is having some great Open Houses in Cherry Hill this weekend.  Come out and see which one you like the best.  Keri Ricci and her team will be there to show you the homes and help answer all of your questions.  If you are in the market to buy a home in Cherry Hill New Jersey yo...

TODAY'S RATES: 30 Yr Fixed - 4.875% (4.99% APR) 15 Yr Fixed - 4.25% (4.49% APR) FHA/VA - 4.75% (5.7% APR) 203K (Streamline) - 5.25% (6.2% APR) JUMBO (ARM) - 4.25% (4.3% APR) JUMBO (30 Yr Fixed) - 5.25% (5.3% APR) VISIT ME AT: www.mikebadessasmc.com *Conventional Programs have a minimum credit sco...

Yesterday I was asked how much an increase in interest rates would effect a borrowers purchasing power.　 I provided the following example and wanted to share...　 Assuming current rates are around 4.875% (4.99% APR) and rates increased to 5.5% (5.69% APR) it could affect the buyers purchasing powe...