Now is a really good time to buy a Jersey City condo – despite the shutdown

Government shutdown and the threat of the shutdown that hovered over us for weeks have not been as damaging on the real estate market as we feared it might be.  For one thing interest rates are the lowest they have been in several months.  I know this sounds repetitive, but they really are.  This may be your last chance in a very long time to purchase real estate at rates this low.  In the midst of the shutdown Freddie Mac announced that for the week ending October 3, 30-year fixed rates decreased to 4.22% from 4.32% of the week before. The average for 15-year loans also fell to 3.29%, and the average for a five year adjustable to 3.03%.  You really should consider buying your Jersey City condo now, you may regret it if you don’t.  If you need help in finding a condo or in listing your condo for sale call Janice Hall at 201 232 8577.