Daily Archives: February 25, 2016

Electric out from area storm | Bedford Real Estate

Dear NYSEG Customer,

As a result of several rounds of lightning, severe wind and heavy rain beginning last evening, we’re currently reporting approximately 8,000 customers without power in our Brewster Division (parts of Westchester, Putnam and Dutchess counties). The outage count is down from a peak of more than 15,000 early this morning.

Easy ways to stay informed:

  • Report outages, view estimated restoration time and more by going to mobile-friendly Outage Central, or call our electricity emergency line at 1.800.572.1131.

  • Sign up to receive NYSEG Outage Alerts by text message, email, or voice message.

Our local crews and support personnel have been working since the outset and we are continuing to bring in additional resources – including line and tree crews – from across the state.

As we continue to respond to downed wires incidents to ensure public safety, we expect to have 90% of the original storm-related outages restored by 1 p.m. tomorrow.
For the latest outage counts; outage locations by county, municipality and streets/roads; and estimated restoration times (as they are available), visit Outage Central.

 

If your power is interrupted go toNYSEG’s Outage Central. Report outages and view estimated restoration times and outage maps at Outage Central from your computer or smart phone.
How we restore power: Our first priority is your safety. In the case of a large interruption, we first repair the main facilities (transmission lines, substations) that bring electricity to your neighborhood. Learn more by clicking here.
If someone in your household uses electrically powered life-sustaining equipment enroll in our program at 1.800.572.1111 to be updated on power restoration efforts if the duration of an outage extends beyond 24 hours.
To report a life-threateningelectricity emergency, call us at1.800.572.1131 or call 911. To report a natural gas emergency or if you smell a natural gas odor, call us at1.800.572.1121 or call 911.
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Home prices index continues to rise | Pound Ridge Real Estate

Recently, S&P Dow Jones Indices and the Federal Housing Finance Agency (FHFA) released their home price indexes for November. The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices, rose at a 10.9% seasonally adjusted annual pace in November. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose at a seasonally adjusted annual rate of 6.7% in November.

Despite monthly volatility the FHFA and S&P/Case-Shiller home price indexes have very similar trends.

Figure1_November

http://eyeonhousing.org/2016/02/fhfa-and-spcase-shiller-home-prices-in-november/

Mortgage rates average 3.62% | Armonk Real Estate

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates resuming their decline and aiding home buyer affordability amid a tight supply of for-sale homes in many markets.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.62 percent with an average 0.6 point for the week ending February 25, 2016, down from last week when it averaged 3.65 percent. A year ago at this time, the 30-year FRM averaged 3.80 percent.
  • 15-year FRM this week averaged 2.93 percent with an average 0.5 point, down from last week when it averaged 2.95%. A year ago at this time, the 15-year FRM averaged 3.07 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.79 percent this week with an average 0.5 point, down from last week when it averaged 2.85 percent. A year ago, the 5-year ARM averaged 2.99 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for theDefinitions. Borrowers may still pay closing costs which are not included in the survey.

Quote
Attributed to Sean Becketti, chief economist, Freddie Mac.

“Yields on the 10-year Treasury continued their downward trend this week after a small rally the previous two weeks. The 30-year mortgage responded, falling 3 basis points to 3.62 percent. Since the beginning of 2016, 30-year rates have fallen almost 40 basis points helping housing markets sustain their momentum into this year. Earlier this week, the National Association of Realtors announced existing home-sales were up 4 percent month-over-month in January and up 11 percent from last year.”