$ 8,000 helped first time home buyer mortgage homes

According to NAR the national association of realtors the tax credit was a plus in first time home buyer purchase in 2009. Statistics show that inventory fell from 9.1 months to 8.2 months post tax credit. They believe its essential congress continues this program through 2010 to benefit the fragile housing market.

New Jersey Mortgage rates dropped during the week of October 5 this should encourage on the fence buyers to get more aggressive in their purchase decision.

Lower rates should also help New Jersey refinance customers waiting for an opportunity to get out of their ARM or consolidate debt