Low Mortgage Rate 3.40 A Boom For Watchung NJ Realtor

Oct. 1, 2012 - PRLog -- Realtor in Watchung, New Jersey are seeing an upward trend because of the lower mortgage rates. With the mortgage falling to 3.40 home buyers are interested in buying or refinancing property. The rate for 30 years of loan is just 3.40 which is a record low.
The housing business is benefiting with low mortgage rates. An upward trend was seen last year which is still continuing. Last week the mortgage rates were 3.49 which are the lowest since the year 1950 for the long-term mortgage.
The 15 year mortgage has also seen a drop of some 0.05 from last week. The fixed short term mortgage rate is as low as 2.73 compared by the last week which was 2.77.
According to Judith Weiniger, Watchung, NJ Realtor, “Big investments are being made in Watchung with such low mortgage rates and business for construction as well as realtors is improving. If this trend continues good growth in housing business is near.”
Low mortgage is encouraging people to make a good investment as a long term mortgage comes to about 0.6 only. Government new policies for mortgage have created a market for buying and selling property and growth in construction business means growth in economy.
A dip has been seen in the adjustment one year mortgage rates too. The dip has been from 2.61 to 2.60. It is a plus sign for the housing business and realtor as they feel that the property markets will improve with this.
“Comparing to the last year, housing market has seen an upward trend but new construction for home is not that healthy as it used to be. With mortgage rates falling we are optimistic that new constructions will also rise,” according to Judith Weiniger, who is a Watchung, NJ Realtor for the last 15 year, her services has benefited people.
This positive sign can bring in more business as well as job not only in New Jersey but in the entire nation. The job market still has to see an upward trend which might happen in the near future. The housing business is on a rise as given more hopes to the market with low mortgage. The previous losses will be met.
The low mortgage rates are bringing in investment in the housing sector which can bring a u-turn to the job sector too.  
About Company: Judith Weiniger is certified realtor from Watchung, NJ who has been graduated of University of Pennsylvania, Wharton School of Business, with a dual major in Marketing and Finance. She has been a Broker-Salesperson who has attained the highest level of NJ real estate licensing.  With her 15 years of experience as a real estate agent and real estate investor she can has been advising people when to buy and sell their properties.
For more information about Watchung, NJ, Realtor Judith Weiniger, log on to: http://www.weinigerhomes.com/
Contact Information
Judith Weiniger
Broker-Associate
60 Mountain Boulevard
Warren, NJ 07059
908-754-1500
REMAX Premier