Higher Interest Rates On LBI

Dated: 09/13/2013

Views: 1356

Rising Interest Rates on Long Beach Island NJ

The LBI real estate market, and any real estate market for that matter, is tied to mortgage interest rates and the lending power of banks. In general, the higher the interest rate, the less house a buyer in the LBI real estate market can afford. While this is true, rising interest rates on LBI also offer some benefits such as new loan products being made available and lenders being more competitive with one another. 
It is therefore very important to understand lending rules and how they relate to the LBI real estate market. Click below to read more about rising interest rates on LBI and the Long Beach Island New Jersey real estate market:

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