Found 4 blog entries tagged as Mortgage Rates.

What is Credit Utilization? | Self

Credit utilization refers to the percentage of your available credit that you are currently using. It is a key factor in determining your personal credit score. Credit scoring models consider both your overall credit utilization across all your credit accounts and the utilization on individual accounts.To calculate your credit utilization, you divide your total credit card balances by your total credit card limits and multiply the result by 100 to get a percentage. For example, if you have total credit card balances of $2,000 and a total credit limit of $10,000, your credit utilization would be 20% (2,000/10,000 x 100).

Credit utilization is important because it is seen as an indicator of how responsibly you manage your credit. A lower credit…

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All around the nation, mortgage rates have been rising for the first time since the start of the pandemic. Home prices have begun to stabilize after their breakneck climb.

Here in our local markets, Staten Island and The Jersey Shore, we do see some similarities between the two. But there are pronounced differences between buying and selling in these two areas.

 

Breakdown: Staten Island and New Jersey Real Estate, March 2022

Staten Island is the more stable market of these two. The Jersey Shore market is more volatile. Staten Island home prices remained about the same in February as they did in January. The average Staten Island home sold for $710,776 last month.

In Monmouth and Ocean Counties, prices came down quite a bit.…

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Staten Island was once a very different place than it is today. So many of the things we take for granted about our way of life were not always this way. In this live video segment, we tackle the Top Ten events that changed Staten Island forever.

Correspondent Hannah Jay and Broker/Co-Owner Anthony Licciardello run the gamut through more than three centuries taking us into the modern day. Who were the first European settlers on Staten Island? How much did Staten Island cost to purchase from the Lenape tribe? And, how did people get to the island before the first bridge was built in 1928? What was the main event that changed the infrastructure, demographics, and culture of Staten Island in such a short time?

But many of these events are…

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With the looming ghost of Hurricane Sandy overhead, it’s difficult to ascertain how much this March’s housing statistics have actually improved in comparison to last year. 

Monthly sales increased fifteen percent from last month, a hopeful sign of a steady spring and summer season. 

Home Sales on Staten Island for March 2014Mortgage rates have seesawed back and forth in March but have remained relatively stagnant.  Fortunately, sales have gone up fifteen percent from the month before, with 223 homes sold in March.  When compared to last year (pre-Sandy) the numbers are seemingly on track for a strong spring/summer sales period, although difficult to accurately compare with this exact time last year due to the devastation of Hurricane Sandy. 

The average cumulative number of days that homes…

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