The average rate on a 15-year fixed mortgage has fallen to its lowest level in decades. The rate from the popular refinancing option dropped to 3.54 % this week from 3.66 % last week, Freddie Mac said Thursday. That’s the lowest result sing the mortgage buyer began tracking it since 1991.  The average rate on the 30 year fixed loan fell to a year low from 4.39% from 4.55% the previous week. Mortgage rates treed to track the yield on the 10 year mortgage note. A weakening US economy had led many investors to shift money from stocks to bond, which are seen as safer bets. That has pushed treasury yeals to the lowest level this year. BOND yields fall as demand increases. Low mortgage rates and depressed loan prices had don’t to revive the moribund housing market. Sales of pervious occupied ... 08/06/2011

How’s the market?   Hoboken Condo Market Snapshot 8/5/2011   Total Condos For Sale:  325 Average Price: $510,575 Median Price: $460,000 Avg Days on Market: 91 0-1 bed : 128   Avg: $377,918 Median: $$329,690 Avg price per sqft: $516.03 Avg days on market: 93 2 bed:  163 Avg: $566,643 Median: $519,600 Avg price per sqft: $477.79 Avg days on market: 83 3 bed: 32 Avg: $704,243 Median: $646,000 Avg price per sqft: $470.31 Avg days on market: 120 Total Condos Under Contract:  135 Total Under Contract Last 30 days: 60 30 Day Absorption Rate: 5.41 months (60 units under contract last 30 days divided into 325 total units)   6 months or higher - Buyers Market   3-6 months - Balanced Market   3 months or under - Sellers Market   How’s YOUR market?  Above facts / figures represents an overall Hobok... 08/05/2011

What would you say to a program that helps you pay off your Hoboken mortgage in half the time? Sounds great doesn't it? Here's how it works: It's called the Home Ownership Accelerator (HOA). It has only been available in the United States for a short time, but it has been successful in both Great Britain and Australia for several years. The HOA is a type of loan that works by using the money you have sitting idle in your checking or low interest savings account to pay off your mortgage faster. The great news is that you don't need to change your spending habits. It works by taking your paycheck that you deposit into the checking account that comes with the loan and applying the money to reduce your mortgage balance. The benefit of this is that the mortgage interest that you owe goes dow... 07/27/2011

Home for Sale By Owner in Hoboken, NJ 07030 - Flat Fee MLS Listing $395 150 14th St Hoboken, NJ 07030 - Realtors welcome, buyer agent commission paid at closing !Please check listing details here at MLS# 110006555 . 1 bedroom, 1 bathroom This home Clothes dryer, Clothes washer, Dishwasher, Microwave, Range and oven, Refrigerator, Wood floors, Scenic view If you are interested in this Home for Sale By Owner in Hoboken, NJ 07030- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS# 110006555 . . You can make an appointment or ask any questions about the property. Realtors welcome, buyer commission is paid to any realtor. Please see additional listing details at Realtor.com featured by Realmart Realty. If you have a Home for Sale in Hoboken, NJ 07030 and would like save up... 07/10/2011

Home for Sale By Owner in Hoboken, NJ 07030 - Flat Fee MLS Listing $395 The St. Louis -- 150 14th St Hoboken, NJ 07030 - Realtors welcome, buyer agent commission paid at closing !Please check listing details here at MLS# 110007429 . 1 bedrooms, 1 bathrooms Dreamy Condo with 1 bedroom and 1 bathroom. Having Clothes dryer, Clothes washer, Dishwasher, Microwave, Range and oven, Refrigerator If you are interested in this Home for Sale By Owner in Hoboken, NJ 07030- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS# 110007429 . . You can make an appointment or ask any questions about the property. Realtors welcome, buyer commission is paid to any realtor. Please see additional listing details at Realtor.com featured by Realmart Realty. If you have a Home for Sale in Hoboke... 07/10/2011

Home for Sale By Owner in Hoboken, NJ 07030 - Flat Fee MLS Listing $395 700 1ST ST Hoboken, NJ 07030 - Realtors welcome, buyer agent commission paid at closing !Please check listing details here at MLS# 110006549. 2 bedrooms, 2 bathrooms Upgraded 2 br 2 bt in Sky Club. H/w floors, c/hvac, w/m/d,s/s appliances, granite counters, custom lighting, recently renovated andupgraded baths. Oversized closets with built-ins. Window treatments, inwall speakers and bedroom wall mounted plasma television included. 24/7concierge, shuttle service to PATH. Gym/parking available on site. If you are interested in this Home for Sale By Owner in Hoboken, NJ 07030- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS# 110006549. . You can make an appointment or ask any questions about the pr... 07/08/2011

Home for Sale By Owner in Hoboken, NJ 07030 - Flat Fee MLS Listing $395 SKY CLUB 700 1ST ST, Hoboken, NJ 07030 - Realtors welcome, buyer agent commission paid at closing !Please check listing details here at MLS# 110006549 . 2bedrooms, 2 bathrooms Upgraded 2 br 2 bt in Sky Club. Hardwood floors, w/m/d,s/s appliances, granite counters, custom lighting, recently renovated andupgraded baths. Oversized closets with built-ins. Window treatments, inwall speakers and bedroom wall mounted plasma television included. 24/7concierge, shuttle service to PATH. Gym/parking available on site. If you are interested in this Home for Sale By Owner in Hoboken, NJ 07030- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS# 110006549 . . You can make an appointment or ask any questions abou... 07/08/2011

Top 5 Hoboken Real Estate Headlines in the 1st Half of 2011   We have reached the midway point of the year. Today, I want to look back over the first six months and give you what I believe were the five items that have had the biggest impact on the Hoboken real estate market so far this year.   Low InventoryWith Hoboken condo inventories down some 30% from traditional levels, it has impacted the market in several ways. Lower days on market for sold properties is chief among them. Bidding wars and contracts for well priced condos is leaving stale inventory in the dust as Hoboken buyers, with limited choice, are acting fast.   Low Interest RatesHistorical lows in interest rates are having an impact on move up buyers. Three bedroom Hoboken condos are selling fast and furious as families wi... 07/05/2011

NY Giants Quaterback Eli Manning recently purchased another condominium at Hoboken's Hudson Tea Building. This latest purchase makes his direct east facing residence total an impressive 3,555 sq.ft. For further detail's on Eli Manning's condo, check out Living on the Hudson. 06/30/2011

Home for Sale By Owner in Hoboken, NJ 07030 - Flat Fee MLS Listing $395 Hoboken, NJ 07030 - Realtors welcome, buyer agent commission paid at closing !Please check listing details here at MLS# 110003073. 2 beds, 2 bathrooms This home has Clothes dryer, Clothes washer, Dishwasher, Microwave, Range and oven, Refrigerator, Wood floors . If you are interested in this Home for Sale By Owner in Hoboken, NJ 07030- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS# 110003073. . You can make an appointment or ask any questions about the property. Realtors welcome, buyer commission is paid to any realtor. Please see additional listing details at Realtor.com featured by Realmart Realty. If you have a Home for Sale in Hoboken, NJ 07030 and would like save up to 6% commission, we c... 06/21/2011

More and more buyers are teaming up with Mom and Dad to help alleviate some of the challenges of buying a condo in today's market.  (Where were you, Mom and Dad, when I was buying my first home?...)  Mortgage pro Ted Schirm with Investors Savings Bank states, "Securing financing for a Hoboken condo has become more challenging since banks have tightened their lending standards. Additionally, when parents are investing with or for their children and wish to obtain the best mortgage rates, many lenders are seeking substantial down payments, typically 25% of the purchase price or more." "Kiddie Condos - The terminology, used when a parent, a very generous parent, buys or invests in a condo for their college-bound student, can offer problems when trying to get attractive financing for these ... 06/03/2011

Welcome to Ralph's Weekly Feature: Two Truths and a Lie: Guess Which One Is The Lie? Each week, I'm going to feature one Active Rain Member, with their photo, and what they are going to do is tell you 2 Truths about them and 1 Lie. The object of the game is to guess which of the 3 bits of trivia about them is a lie! Each new game will be posted on Friday, and then the answer will be revealed by the featured member a week later on the following Friday. It's a great way to get to know your fellow ActiveRain members and staff. This week, we will be featuring: Vienna Bello   Vienna is a real estate professional with Liberty Realty, based out of Hoboken, New Jersey.  She is a Short Sale & Foreclosure Consultant Serving Hudson & Bergen County.  Vienna is also a GRI, SFR, Notary Public, as wel... 06/03/2011

Hoboken Real Estate at 1450 Washington Street at Hudson Tea : Price Increases? The new construction building being erected between 14th and 15th streets in Hoboken is continuing pre-sales through Memorial Day Weekend.  According to my sources,  then comes the price increases. If you want to avoid the price increase but will be away this weekend, contact me and I can show you how. It's Toll Brothers 1450 Washington Street at Hudson Tea, the latest new construction project in the Hoboken real estate market. If you go to contract today, on one of the 156 Condos at 1450 Washington Street at Hudson Tea featuring a 12 story tower on the north end with a 7 story tower on the south end, you have plenty of time to pick put furniture.  Although 1450 Washington Street at Hudson Tea, according to T... 05/25/2011

Looking though the Hoboken Condos for sale? Interested in the open houses?  Get all of Hoboken's Open Houses in one place.  Need Mortgage rates?  From My Mortgage guy.... **Keep in mind that every borrower's situation is different, and each must be evaluated individually. Rates could be higher, or lower, depending on each individual scenario!!** REVISED May 20th, 2011---- 2:00 PM ETLock Period = 30 Days CONVENTIONAL CONFORMING LOANS  (loans less than or equal to $417,000)    30 YEAR FIXED ---------------------------- 4.625%/ 4.733 APR 30 YEAR FIXED INTEREST ONLY--- 5.125%/ 5.361% APR 15 YEAR FIXED----------------------------- 3.750%/ 3.821% APR 5 / 1 ARM------------------------------------- 3.125%/ 3.009% APR 7/1 ARM ------------------------------------  3.500%/ 3.314% APR *All quotes a... 05/20/2011

Hoboken Real Estate Top 3 Facts About The Spring Market   For those looking for Hoboken Condos or looking to unload their Hoboken Real Estate here are the top 3 facts from my April 2011 Hoboken Real Estate Report.   1. The upper middle of the market is coming back. While the million dollar plus Eli Manning Hoboken condos are always in demand for their outlandish size and commanding views, the $600k-$800k segment of the Hoboken Real Estate market has suffered recently. It's back. Only 12 condos over $500k sold in February and 12 over $600k sold in April.   2. The 4% discount. Average sale price to list price of Hoboken condos is holding at 96.1%. This percent is from the final price after price reductions so results may vary but it is a good starting point in your discussions. 3. No Tax ... 05/19/2011

The cities of Hoboken and Jersey City are teaming up with Hudson County Transportation Management Association to create a plan to bring a bike-sharing program to the west coast of the Hudson. Officials in the city of Hoboken are hoping that the progressive ideals of Hoboken and nearby cities for implementing innovative results will serve as a model for other urban areas. The idea includes a program that seeks compatible user groups; - most notably, residential commuters attracted to the transportation hubs during peak times in the regular commuter routes. Tourists who visit the New Jersey waterfront to see the New York skyline and the Statue of Liberty would use the program during off-peak times. The promoters of the bike-sharing program are hoping for a system that could work across se... 05/18/2011

Hoboken Real Estate at 1450 Washington Street at Hudson Tea : The Rate Lock  The new construction building being erected between 14th and 15th streets in Hoboken comes with a cool feature: Rate Lock. It's Toll Brothers 1450 Washington Street at Hudson Tea, the latest new construction project in the Hoboken real estate market.. Imagine going to contract today on one of the 156 Condos at 1450 Washington Street at Hudson Tea featuring a 12 story tower on the north end with a 7 story tower on the south end.  Although 1450 Washington Street at Hudson Tea, according to Toll Brothers, will be ready for delivery in March 2012 to July 2012 a buyer has a legitimate concern that rates will rise with impending inflation.  For example you purchase a $500,000 with 20% down leaving you a 30 year mortg... 05/16/2011

Construction update of those 156 Hoboken Condos at 1450 Washington at Hudson Tea by Toll Brothers The hammers are swinging, hard hats running around like ball boys at Wimbledon, sparks are flying.  According to my sources, 1450 Washington at Hudson Tea is ahead of schedule.  March 2012 looks like a real possibility for the lower floors with the higher floors coming in over several months.  156 Hoboken Condos and one retail space. The windows are in. the facade is on....  check out the video     These condos looked like a European train table until the shift of power in the Hoboken city council last night. Let's hope they fight over $25 recreation fees and leave the construction to the professionals.  Want to see them first hand or get more information?     05/11/2011

Wow, nice view. Yeah nice view. Now how do we get to those birds?   Have a great weekend!   05/07/2011

Hoboken Condos | 1450 Washington At Hudson Tea Here is the latest on the retail space at 1450 Washington At Hudson Tea.... There are to be 156  Hoboken condos and 1 commercial unit in the building known as  1450 Washington At Hudson Tea. I think the retail space will eventually be subdivided  because according to the Public Offering Statement  the retail space takes up nearly a city block on the first floor.  Please, please make it a Cheesecake Factory and not the world's largest nail salon, bank, liquor store combo.  Now if there was ever a place where this behemoth all in one manicure, money machine, Makers Mark mall would do well, it would be Hoboken.   Hey, I'll get my nails done while picking out some wine.... My top three choices for the retail space at 1450 Washington At Hudson T... 05/04/2011