Tag Archives: Mount Kisco NY

Mortgage Rates at 3.87% | Mount Kisco Real Estate

The average rate for a 30-year fixed-rate mortgage remained at 3.87% in the week that ended June 4, matching the prior week’s reading, which was the highest since the end of 2014, according to a Thursday report from federally controlled mortgage-buyer Freddie Mac.

A year ago, the 30-year rate was at 4.14%. A record low of 3.31% for the 30-year mortgage was hit in November 2012.

The average rate for the 15-year fixed-rate mortgage decreased to 3.08% in the latest week from 3.11% in the prior week.

Meanwhile, the rate for a 5-year Treasury-indexed hybrid adjustable-rate mortgage rose to 2.96% from 2.90%. The rate for a 1-year Treasury-indexed ARM jumped up to 2.59% from 2.50%.


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Color can inspire you at home | Mt Kisco Real Estate

Choosing new paint colors for your home offers an exciting opportunity to personalize your space. The abundance of choices means you can surround yourself with a palette you’ll love.

One great way to welcome design color inspiration is to make note of colors that you have chosen for other areas in your life. Your wardrobe, prized works of art, and favorite home accessories are perfect places to look.

Is your closet filled with cool blues and greens? Do you love seascapes and beach scenes? If so, pull similar shades into your home. Start with Sherwin Williams SW 6945 Belize.


Source: Zillow Digs

For a bolder blue statement, go with the deeper tone of SW 6943 Intense Teal.


Source: Zillow Digs

Or try the dusty hue of SW 6515 Leisure Blue, which recalls the color of a stormy sky.

blue cabinets 2

Source: Zillow Digs

If you’re thrilled by the sight of a field of periwinkles, try SW 6529 Scanda. It’s a perfect entrance to this color family.

blue kitchen

Source: Zillow Digs

While it may seem bold, bright and warm walls can really liven up a space. Capture the drama of your special-occasion red dress with SW 6871 Positive Red.

red room sm

GDP Growth in the First Quarter – Stormy Weather? | Mt Kisco Real Estate

The Bureau of Economic Analysis (BEA) reported real GDP grew at a seasonally adjusted annual rate of 0.2% in the first quarter of 2015. Real GDP grew at an annual rate of 2.2% in the fourth quarter of 2014. The slowdown in economic growth was expected but the extent of the slowdown was a surprise. Harsh weather, a strong dollar, stalled trade at west coast ports and falling energy prices all played a role. In the same report the BEA reported that the price index tracking components of GDP, the broadest measure of price movements across the economy, declined by an annualized rate of 0.1% in the first quarter, after rising only 0.1% in the fourth quarter.

A strong dollar and stalled trade combined to shrink exports by an annual rate of 7.2% shaving almost a full percentage point from growth, but the stalled trade likely restrained imports given the rise in the value of the dollar, which would have depressed growth further. The trade dispute has been resolved, but the strong dollar is likely to persist and be a drag on growth in the near term.

Record low temperatures around the country in February can be considered a one-off event with little impact on growth going forward, but falling energy prices have put the brakes on a previously booming energy sector and contributed to an annualized 23.1% decline in the structures component of fixed investment. Investment in equipment, intellectual property and housing (residential fixed investment) all contributed to growth in total fixed investment, but less than in the previous quarter.

Inventory investment increased when it probably should have declined, adding nearly three quarters of a percentage point to growth in the current quarter, but will likely subtract from growth in the next quarter as payback. Personal consumption expenditures (PCE) slowed to 1.9% growth from an unsustainable 4.4% last quarter but will need to reaccelerate if the overall growth outlook is to improve.


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Why you need grab bars in your bathroom | Mt Kisco Real Estate

You might think the kitchen, with its hot stoves and sharp utensils, would be the most dangerous room in your home, but it’s actually the bathroom. According to a 2011 report from the national Centers for Disease Control and Prevention, falls­—the No. 1 problem—most often occurred in or around the bathtub, shower, or toilet.

“We get lots of calls for slips and falls in the bathroom,” says Howard Mell, M.D., a spokesman for the American College of Emergency Physicians who works at several hospitals in Cleveland.

The bathroom is especially hazardous for women, who are at a higher risk than men for falling and getting hurt, perhaps because of lesser body strength and bone mass.

For those age 65 and older, falls often cause more serious injuries, such as hip fractures. Seniors, according to the report, were also more likely to be injured getting on or off the toilet. Standing after sitting for a long time, especially if you’re dehydrated or taking certain med­ications, can result in a sudden drop in blood pressure that can cause light-­headedness or dizziness.

But few of us have bathrooms that are equipped with grab bars, a secure safety device that looks like a railing and could prevent falls. Here are other modifications you can make to your bathroom to make it a safer place.


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December Home Checklist | Mount Kisco Real Estate

From prepping for winter storms to gift-wrapping (or cookie-baking) marathons, December is a busy, holiday-focused month. Make the most of it by planning ahead, setting intentions and focusing on meaningful events rather than trying to do it all. The weather outside may be getting frightful, but that just means it’s the perfect time to get cozy indoors with a mug of hot cocoa. Check off these 12 tasks for an easier, safer and cozier month.

Fixed Mortgage Rates Hovering Near 2014 Lows | Mt Kisco Real Estate


today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates little changed from the previous week with the 30-year mortgage still hovering around 4 percent.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.01 percent with an average 0.5 point for the week ending November 13, 2014, down from last week when it averaged 4.02 percent. A year ago at this time, the 30-year FRM averaged 4.35 percent.
  • 15-year FRM this week averaged 3.20 percent with an average 0.5 point, down from last week when it averaged 3.21 percent. A year ago at this time, the 15-year FRM averaged 3.35 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.02 percent this week with an average 0.5 point, up from last week when it averaged 2.97 percent. A year ago, the 5-year ARM averaged 3.01 percent.
  • 1-year Treasury-indexed ARM averaged 2.43 percent this week with an average 0.4 point, down from last week when it averaged 2.45 percent. At this time last year, the 1-year ARM averaged 2.61 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 links for theRegional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.

“Fixed mortgage rates were slightly down on mixed results from October’s employment report. While the unemployment rate declined to 5.8 percent, nonfarm employment rose by 214,000 jobs, which was below consensus expectations. Net revisions for payroll employment in August and September added 31,000 more jobs to the initial readings.”





Gorgeous East 80th Street Art Nouveau Pad Wants $22.5M | #MtKisco Real Estate

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A three-apartment Upper East Side combo in a Beaux Arts limestone building off of Fifth Avenue has come to market for $22.5 million. The home was renovated by its most recent owners to include Art Nouveau flourishes—that bowing asymmetrical doorframe, the individualized banister—as well as more modern entertaining spaces like the double-height dining room with overhead glass barricades and a kitchen with a built-in espresso machine. The home last came to market in 2011 for $22.75 million but appears not to have sold. Not pictured, the 5,000-plus-square-foot apartment also has a soundproof library with French walnut cabinetry and a 350-bottle wine room.


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How Does a Reverse Mortgage Work | Mt Kisco Real Estate

A reverse mortgage is a loan that is available for senior homeowners age 62 and older that allows them to access a portion of their home’s equity. The loan generally does not become due until the last surviving homeowner permanently moves out of the property or passes away. The funds from a reverse mortgage loan can be used however the borrower chooses.

The U.S Department of Housing and Urban Development states that reverse mortgage loans “are a special type of home loan that lets a homeowner convert the equity in his/her home into cash. They can give older Americans greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more.” Because the Federal Housing Administration (FHA) insures the loan, the property must meet specific FHA standards. The borrower must also continue paying required property taxes, homeowner’s and flood insurance and maintain the home according to FHA requirements. It is also a requirement of the loan to meet with a HUD approved reverse mortgage loan counselor. During this meeting, the counselor will explain the benefits and risks of the loan, the borrower’s expectations and answer any questions the borrower may have.


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Do you have a bat in your house? | Mt Kisco Real Estate


Do you have a bat in your house? What to do if you are bitten? visit http://health.westchestergov.com/rabies to learn what you should do.

The Westchester County Department of Health (WCDOH) recently distributed notice that the month of August is the peak month for bat activity. Thus the likelihood of human or pet exposures to bats increases.

If you have a bat in your home the DOH recommends capturing the bat and making notification to the DOH for a decision regarding testing. WCDOH can be contacted 24 x 7 at 914 813 5000.

DOH advises a bat killed by trauma will rapidly decompose in warm weather, making it untestable so immediate refrigeration or preferably
freezing is required. Place bat in freezer in a sealed plastic bag or small plastic container.

What to do if you are bitten?

If you are bitten, scratched or have some other exposure immediately wash the area with warm soapy water and call your doctor or hospital. Call the Westchester County Health Department at (914) 813-5000 24 hours a day seven days a week for assistance.

Source –

1) WCDOH memorandum dated August 8, 2014 – Titled Rabies Update – Bats

2) WCDOH website – http://health.westchestergov.com/rabies

For full details, view this message on the web.

Mark Cuban talks housing and student loan bubbles | Mount Kisco Real Estate


Billionaire Mark Cuban (who may or may not be Batman) talks about the student loan bubble, which he says will burst and end badly for colleges, just like the housing bubble. These collapses, he says, will put colleges out of business.

“It’s inevitable at some point there will be a cap on student loan guarantees. And when that happens you’re going to see a repeat of what we saw in the housing market: when easy credit for buying or flipping a house disappeared we saw a collapse in the price housing, and we’re going to see that same collapse in the price of student tuition, and that’s going to lead to colleges going out of business.”

HousingWire’s favorite CNBC reporter turns her attention and her fabulous deltoids to the surge in apartment rentals, which is driven in large measure by the aforementioned student debt problem, housing affordability and tighter lending standards.

National apartment occupancy in May soared to the highest level in at least six years, according to Axiometrics, an apartment data and research company. Ninety-five percent of all units are filled, even as thousands of new units are becoming available.

“It’s a pleasant surprise because it’s coming at a time when new supply is flooding the market,” said Stephanie McCleskey, Axiometrics‘ director of research. “One reason occupancy is rising is that, not only are people moving into these new units, but they’re also moving into Class B units at a lower price point.”


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