The Northeast is currently being blanketed by another round of heavy snow. HSH.com’s New Jersey office is closed today, February 25, 2010 due to the winter weather. We’ll keep you posted regarding tomorrow, since the storm is expected to hang around into the early portion of the weekend.
However, Mother Nature won’t slow the blog down, it will remain up and running through the end of the week and into the weekend.
As nearly the entire East Coast is slammed with heavy snow, the winter wonderland which brings school and office closings across numerous states, also brings additional stress to many state budgets which are already past their breaking point.
Here in New Jersey, where this year’s snow-removal budget is about $11 million, Governor Jon Corzine has reported the state has already spent double that on “frequent snow events.” Read the rest of this entry »
HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.
