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Mortgage rates may spike 30% next year

Mortgage rates may spike 30% next year, according to a new forecast

As if the housing market weren’t complicated enough these days, the Mortgage Bankers Association says higher rates are on the way—and homebuyers at the end of 2022 could be paying nearly 30% more for a 30-year fixed-rate mortgage.

A new survey from the MBA predicts 30-year rates, which hit record lows last July, will average 4% by the fourth quarter of next year. (That compares with 3.1% now.) It doesn’t look to be a short-term increase, either. Heading into 2023, rates could potentially go as high as 4.3%—a 39% jump from where they are today.

Source: https://finance.yahoo.com/news/mortgage-rates-may-spike-30-160021820.html

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Princeton, NJ Real Estate News – June 2021

Princeton NJ Redevelopment

The Princeton Town Council on June 14, 2021 voted for two ordinances adopting redevelopment plans for affordable housing designating  the Princeton Shopping Center and adjacent parcels in need of redevelopment as the Harrison Terhune Redevelopment Area.

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Princeton News: Slifer Career-High Leads Princeton Upset Over Loyola

Summary of the Article

PRINCETON, N.J. – No. 15 Princeton weathered the storm to earn a 10-8 win over No. 9 Loyola on opening day of the women’s lacrosse season.

Article

Princeton slifer PU

from press release

PRINCETON, N.J. – No. 15 Princeton weatheredthe storm to earn a 10-8 win over No. 9 Loyola on opening day ofthe women’s lacrosse season.

Senior Erin Slifer led the charge with a career-high five goalsfor a six-point afternoon. Junior Stephanie Paloscio, and seniorErin McMunn both scored twice and sophomore Olivia Hompe talliedtwo assists.

Culled From

first published: 2015-02-21 04:11:26[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: WEATHER ALERT: Black Ice, Refreeze Could Hamper Princeton’s Monday Commute

Summary of the Article

Wind gusts could increase to 25 mph with a high of only 19 degrees and a low of 2 degrees expected in much of New Jersey on Monday. Wind-chill …

Article

The weather got warm enough to melt the snow. Now it’ll get cold enough to turn it back into ice.

The National Weather Service has issued two alerts, saying temperatures rose above the freezing mark throughout eastern Pennsylvania and New Jersey, resulting in a fair amount of snowmelt.

Residual water, however, will freeze as temperatures fall into the 10 to 20 degree range Sunday night and Monday morning.

Culled From

first published: 2015-02-22 00:09:18[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: Princeton, N.J. Seeks Bidders for Solar Project at Decades-Old Landfill

Summary of the Article

City leaders in Princeton, N.J., are moving forward with previously stalled plans for a solar project on an old municipal landfill. Princeton Planning …

Article

City leaders in Princeton, N.J., are moving forward with previously stalled plans for a solar project on an old municipal landfill.

Princeton Planning Director Lee Solow isn’t sure how old the capped municipal landfill is or when it was opened, but says it has been closed for about 15 years.

Culled From

first published: 2015-03-02 10:01:58[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: Sizing Up Cells: Study Finds Possible Regulator of Growth

Summary of the Article

Princeton, NJ (Scicasts) — Modern biology has attained deep knowledge of how cells work, but the mechanisms by which cellular structures assemble …

Article

Cellular ProcessesMarch 02, 2015

Princeton, NJ (Scicasts) — Modern biology has attained deep knowledge of how cells work, but the mechanisms by which cellular structures assemble and grow to the right size largely remain a mystery.

Now, Princeton University researchers may have found the key in a dynamic agglomeration of molecules inside cells.

Culled From

first published: 2015-03-01 23:26:15[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: Hospital Associations Issue Joint Statement on New Jersey’s FY 2016 Proposed Budget

Summary of the Article

PRINCETON, N.J., Feb. 27, 2015 /PRNewswire-USNewswire/ –The following is a joint statement of the Hospital Alliance of New Jersey, the New …

Article

, Feb. 27, 2015 /PRNewswire-USNewswire/ —??The following is a joint statement of the Hospital Alliance of New Jersey, the New Jersey Council of Teaching Hospitals, the New Jersey Hospital Association, the Catholic Health Care Partnership of New Jers…..”>

Culled From

first published: 2015-02-26 16:07:30[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: No. 14 Princeton women take control early, beat Yale 67-49

Summary of the Article

PRINCETON, N.J. — Blake Dietrick scored 18 points, Annie Tarakchian added 16, and No. 14 Princeton remained the only unbeaten Division I …

Article

Culled From

first published: 2015-02-27 02:03:45[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: Princeton University Accelerator-Backed Social Network “Friendsy” Launches Nationwide

Summary of the Article

PRINCETON, N.J., March 2, 2015 /PRNewswire/ –“I think I just met my soulmate through Friendsy!!! I wish you all similar success,” wrote an …

Article

PRINCETON, N.J., March 2, 2015 /PRNewswire/ –“I think I just met my soulmate through Friendsy!!! I wish you all similar success,” wrote an undergraduate at Macalester College.

A new social network for only college students.

Friendsy is a new social network for only college students that registered 25,000 users and 200,000 mutual matches in tests on 40 campuses.

Culled From

first published: 2015-03-01 11:03:45[otw_is sidebar=otw-sidebar-9]