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Sea Isle City Real Estate Market Update: Island Wide Update!

Posted on Monday, November 07th, 2022

4914 Landis Ave Sea Isle City, NJ 08243 Direct: 609 263 1431 Office: 609 263 2267
Sea Isle City Market Update:
Although the Federal Reserve approved another jumbo rate hike, mortgage rates dropped. It seems that rates have already priced in some of the effects of the Fed’s higher interest rates. Investors usually react based on their expectations and don’t wait until the day the Fed actually makes its move. It is also promising that this was likely the last rate hike of this magnitude, as indicated by the Fed.
Mortgage rates this week dipped slightly, even after the Federal Reserve aggressively raised its benchmark interest rate again to tame inflation. The 10 yr. jumbo adjustable rate is 5.50%.
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The SeaShore Team of Long and Foster Real Estate, Inc of Sea Isle City - continues to be Sea Isle City’s Highest Producing Real Estate Team. The Sea Shore Team’s success of Selling and Renting over $95 Million a Year is a result of the Service and Commitment to their Clients. The members of this team are experts in the community, offering valuable insight and understanding to the Buying, Selling and Renting Experience often connecting with their clients beyond the sale who highly recommend them.
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Seashore Team of Long & Foster Real Estate
4914 Landis Avenue, Sea Isle City, NJ 08243 | 609.263.1431 | 609.263.2267 | SeaShoreTeam.com
If your property is currently listed with another broker, please consider this informational and not a solicitation.