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You are here: Home / 2013 / Archives for July 2013

Archives for July 2013

What Will Waiting to Buy A Home Cost You?

July 22, 2013 Thomas Wilson

homeowners title policy

At the end of June, mortgage rates for a 30-year fixed-rate mortgage jumped to 4.5 percent, up from 3.9 percent on June 1 — and a notable jump from the historically low 3.35 percent monthly average rate toward the end of 2012. However, while higher rates do mean an increase in monthly mortgage payments, experts are urging potential home buyers not to resign themselves to renting for the next few years just yet — it’s still a good time to buy a home.

These moderate increases in payments may still be manageable, particularly if buyers look at less expensive properties, or negotiate a lower price.

For example, the difference in monthly payments for a $200,000 home at 3.9 percent and one at 4.5 percent is just $70.03. If budgeted correctly, this could be a manageable expense.

[fancy_link color=”black” link=”http://www.realtor.com/news/what-will-waiting-to-buy-a-home-cost-you/”]Read More[/fancy_link]

Filed Under: Blog

About Trident

The market leader for more than 30 years, Trident Land Transfer serves buyers, sellers, realtors and attorneys with Title Insurance and Closing Services throughout Pennsylvania, New Jersey and Delaware.

Trident Land Transfer has attained ALTA Best Practices certification from the independent firm RSM US, LLP, which is ranked 5th in the US by Accounting Today.

Awarded through a rigorous 3rd-party audit process, this coveted certification confirms that we meet the preeminent industry standards in providing superior service and expertise to our title and settlement clients.

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856-795-4300 - New Jersey

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302-892-6210 - Delaware

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