Navigating Rising Interest Rates
October 10, 2022We’ve all seen it in the news – the Federal Reserve keeps raising interest rates in a bid to curb inflation and the soaring housing prices. But is any of this working? What do rising interest rates mean for home buyers and sellers in today’s market? Does it have a real effect on sales taking place in a market that is as in demand as New York City? We did a deep dive on these...
Read MoreTo Rent or to Buy?
January 26, 2016For those considering a move, the inevitable question is always whether it is better to rent or to buy. This is a particularly tough question in New York real estate, since rent prices can often seem intimidating. Why not just pay a mortgage instead? But according to research from SmartAsset.com, perhaps the question isn’t all that difficult. According to their national...
Read MoreThe Fed Rate is on the Rise. Is Your Mortgage?
December 18, 2015First, it’s important to know that the Fed Target Rate is less directly connected to mortgage rates. It also seems like this hike had been anticipated and mortgage rates have had time to prepare. In fact, as the Fed announced the target rate went up, mortgage rates actually moved slightly lower. This is good news, and most lenders still quote...
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