NJ Mortgage Rates This Week : December 31, 2012
By Tony Croft, Mortgage Advisor 201-943-6800
(Tony Croft Team at Northstar Funding - Helping 1st Time Buyers, Move Up Buyers & Investors)
NJ Mortgage Rates This Week : December 31, 2012 Mortgage bonds improved last week, pushing mortgage rates lower in NJ and nationwide. NJ Mortgage Rates – Free Live Rate Quote Positive economic news and strong housing data was trumped by ongoing Fiscal Cliff discussions on Capitol Hill. The "Fiscal Cliff" is meant to represent January 1, 2013 -- the date on which mandatory spending cuts are enacted by Congress and on which tax rates increases for many U.S. taxpayers. Some analysts believe that if these two events are to occur simultaneously, it would derail the current U.S. economic expansion and revert the economy back into recession. That concern has spurred a flight-to-quality which has benefited mortgage bonds and, therefore, U.S. and NJ mortgage rates. For example, last week, Fred...