Wells Fargo eases lending requirements for apartment purchases – FT.com.
Wells Fargo eases lending requirements for apartment purchases | Armonk Homes
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Daily Archives: September 18, 2014
When Should You Refinance | South Salem Real Estate
When you take out a mortgage with a fixed interest rate, you expect to be locked into the same monthly payment for the life of the loan. But that’s not necessarily the case — many homeowners can benefit by refinancing their mortgage at a lower interest rate.
Before you can decide whether it’s worth it to refinance, get a handle on the numbers involved. How many more years do you have on your current loan, and what’s your current interest rate? How much do you still owe? Will you be borrowing the same amount, or are you hoping to cash out some equity?
Now, turn your attention to the new loan you’re hoping to get. What kind of interest rate can you expect? Some say it’s not worth it to refinance unless you’re knocking off an entire percentage point (e.g. going from a 5% interest rate to 4%, for example), but that rule can be misleading. If you’re planning on staying in the home for several more years, even a small reduction in your interest rate can make a big difference. If you’re a little hazy on the math, Trulia’s refinance calculator can help demystify things.
Once you know what kind of interest rates are available now, find out how much closing costs are likely to be. That’s right. Closing costs aren’t just an issue when you buy a house. You pay closing costs again when you refinance, although they’ll be lower this time.
read more……
http://www.trulia.com/tips/2014/09/
Down to Earth Farmers Markets | Katonah Real Estate
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| Ossining Community Works to Eliminate Plastic Shopping Bags at Market; Last Chance to Register for Piermont Apple Pie Contest on 9/28; Honeycrisp Apples Arrive in Croton-on-Hudson + MORE September 18-26th, 2014 DowntoEarthMarkets.com | ||||||||||||
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Click on a Market to see all vendor and event details…
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| Croton The farmers in Croton-on-Hudson are bringing in more unique melons varieties as the weeks progress, so we’re going to host another melon tasting. Stop by this Sunday to try these delicious fruits, freshly-picked from the late summer harvest. Ossining : Together Let’s Eliminate Plastic Shopping BagsDown to Earth Markets estimates that at least 64,000 plastic shopping bags leave the Ossining market/year. Plastic bags often end up as litter in our streets, green spaces, and waterways. On September 20th and 27th, everyone is invited to donate your extra reusable bags to the Ossining market manager. The manager will offer these bags to shoppers for use instead of plastic. For every bag donated, the giver can enter a raffle for a $25 gift certificate to the Ossining Farmers Market. Also, Green Ossining plans to host a “T-Shirt to Tote” workshop at the market, teaching all how to transform old t-shirts to reusable bags. Please visit our event calendar for full details. Piermont – Registration ends soon for Apple Pie Contest on Sunday, Sept. 28 This is the last Sunday to register at the farmers market for the 2nd Annual Piermont Apple Pie Contest. The judges will be renowned Chef Peter X. Kelly, Mark Tasker, Head Pastry Chef of Balthazar, and esteemed Piermont community member, Sylvia Welch. Rye The Westchester Triathlon takes place on Sunday and it will be in Rye around the time of the farmers market opening (8:30 am). The market will be open per usual, but please note that area traffic may be rerouted for a short while. Join us in cheering on these inspiring athletes and then stock up on fresh, local foods at the market. See you there. Vendor News: Wave Hill Bread Named Best Bread (Again!) For additional events, visit our Down to Earth Markets Event Calendar. Stay tuned to all market happenings via our Down to Earth Markets Facebook page | ||||||||||||
| Rotating* Vendors This Week *Vendors who rotate through various markets during the season. They enjoy getting to know many communities, and here’s where to find them this week: Larchmont Calcutta Kitchens Christiane’s Backstube (Locally sourced, German-inspired baked specialties) Flourish Baking Company Hudson River Apiaries Kontoulis Family Olive Oil North Winds Lavender Farm Trotta Foods Piermont **NEW TO 2014 MARKET!!** – Alpacatrax Rye | ||||||||||||
| Down to Earth Markets 173 Main Street Ossining, NY 10562 Phone: 914-923-4837 | ||||||||||||
Real Estate will be Hurt by Higher Rates | #CrossRiverRealEstate
The prolonged flat, stable period of mortgage rates came to an end this week as rates on the more popular types of mortgages surged, according to the latest data released Thursday by Freddie Mac.
Fixed mortgage rates’ biggest one-week gain this year pushed them to their highest level since early May.
Rates were climbing even before the Federal Reserve’s announcement Wednesday about its plans to wind down its trillion-dollar stimulus program.
The 30-year fixed-rate average spiked to 4.23 percent with an average 0.5 point. It was 4.12 percent a week ago and 4.5 percent a year ago. For the past 12 weeks, the 30-year fixed rate had drifted between 4.1 percent and 4.14 percent. This is the highest it has been since it was 4.29 percent on May 1.
The 15-year fixed-rate average jumped to 3.37 percent with an average 0.5 point. It was 3.26 percent a week ago and 3.54 percent a year ago. The 15-year fixed rate had floated between 3.27 percent and 3.22 percent for the past 12 weeks. This is the highest it has been since it was 3.38 percent on May 1.
Hybrid adjustable rate mortgages were mixed. The five-year ARM average rose to 3.06 percent with an average 0.5 point. It was 2.99 percent a week ago and 3.11 percent a year ago. This is the first time in six weeks the five-year ARM has risen above 3 percent.
The one-year ARM average fell to 2.43 percent with an average 0.4 point. It was 2.45 percent a week ago.
“Fixed-rate mortgage rates rose this week following the increase in 10-year Treasury yields being partially fueled by market speculation the Federal Reserve might change its interest rate guidance,” Frank E. Nothaft, Freddie Mac vice president and chief economist, said in a statement.
read more….
http://www.washingtonpost.com/blogs/where-we-live/wp/2014/09/18/mortgage-rates-soar-to-highest-level-since-early-may/
Mount Kisco Medical Group Partners With Mount Sinai Health System | #MtKisco Real Estate
The Mount Kisco Medical Group (MKMG), a multi-specialty practice serving Westchester, Putnam and Dutchess counties, announced Wednesday an expansion of its existing clinical affiliation agreement with the Mount Sinai Health System, increasing the commitment of both parties to providing integrated and coordinated care for the communities they serve.
The physicians and leadership from both Mount Sinai and MKMG will work together to define and deliver best practices in coordinated and continuous care. The relationship will include clinical service enhancement and coordination, research and education.
Mount Sinai and MKMG will also cooperate on developing Centers of Excellence in select specialties. The Mount Kisco Medical Group will continue to operate as an independent entity.
“As an integrated health system, the Mount Sinai Health System strives to provide high quality, accessible care, and we’re pleased that the nationally renowned Mount Kisco Medical Group will partner with us in those efforts,” said Kenneth L. Davis, MD, chief executive officer and president of the Mount Sinai Health System. “We look forward to working with our new partners at MKMG in furthering our goals of enhancing clinical care, as well as medical education and research.”
Scott D. Hayworth, MD president and CEO of the Mount Kisco Medical Group, echoes Davis’ sentiments.
“As a leading provider of ambulatory care in the Northeast, MKMG is pleased to partner with a nationally ranked institution to continue providing outstanding, cost-effective care to our patients,” said Hayworth.
read more….
http://mtkisco.dailyvoice.com/news/mount-kisco-medical-group-partners-mount-sinai-health-system
Future Of Lewisboro Elementary A Major Topic For Officials | #WaccabucRealEstate
The fate of the shuttered Lewisboro Elementary School has emerged as a topic of interest for local officials.
At Monday’s meeting, the Katonah-Lewisboro school board was told a committee is forming to review possible uses for the building. It was indicated that reusing the school, which closed this summer as part of a consolidation of the district’s elementary schools, may be among the board’s goals for the 2014-15 school year.
Interim Superintendent John Goetz said possible committee members could include himself, Assistant Superintendent for Business Michael Jumper and the district’s attorney. School Board President Marjorie Schiff said Board Trustees Peter Treyz and Stephanie Tobin also were interested.
Goetz said establishing the committee should include creating a meeting calendar and ground rules. He said community input would be sought, noting “the people have a vested interest in this.”
The board also was told a committee meeting could be held before the next school board meeting. Schiff said the committee’s report to the board should include a potential timeline and a proposal for community involvement. Goetz concurred with Schiff, explaining that approach is what is expected.
The school’s future use also is a topic at the town government level. At a League of Women Voters event held last week in Katonah, Lewisboro Supervisor Peter Parsons called LES the town’s “biggest single opportunity.” He suggested possible uses such as additional office space for the town government and a venue for teenagers.
read more….
http://bedford.dailyvoice.com/schools/future-lewisboro-elementary-major-topic-officials
Freddie Mac says rates average 4.23% | #Katonah Real Estate
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates making their biggest one-week gain so far this year and bringing them to their highest level since the week ending May 1.
News Facts
- 30-year fixed-rate mortgage (FRM) averaged 4.23 percent with an average 0.5 point for the week ending September 18, 2014, up from last week when it averaged 4.12 percent. A year ago at this time, the 30-year FRM averaged 4.50 percent.
- 15-year FRM this week averaged 3.37 percent with an average 0.5 point, up from last week when it averaged 3.26 percent. A year ago at this time, the 15-year FRM averaged 3.54 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.06 percent this week with an average 0.5 point, up from last week when it averaged 2.99 percent. A year ago, the 5-year ARM averaged 3.11 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 2.65 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 the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.
Quotes
Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.
“Fixed-rate mortgage rates rose this week following the increase in 10-year Treasury yields being partially fueled by market speculation the Federal Reserve might change its interest rate guidance. Meanwhile, the Labor Department reported that its Consumer Price Index (CPI) declined 0.2 percent in August reflecting declines in energy prices. Excluding food and energy, the CPI was unchanged.”
Armonk Outdoor Art Show Sept 20-21 | #ArmonkRealEstate
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Mortgage Rates at 4.19% | Bedford Real Estate
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 4.19 percent, up from 4.05 percent at this same time last week.
The 30-year fixed mortgage rate rose steadily last week, peaking at 4.30 percent on Sunday before easing down to the current rate.
“Last week, rates hit a five-month high on anticipation that the Fed’s policy statement might suggest an earlier than expected hike in the federal funds rate,” said Erin Lantz, vice president of mortgages at Zillow. “This week, any significant movement in rates will stem from the Fed’s Wednesday announcement, which could reveal how quickly the federal funds rate will rise after the stimulus program ends.”
Additionally, the 15-year fixed mortgage rate this morning was 3.26 percent, and for 5/1 ARMs, the rate was 3.03 percent.
read more…
http://www.zillow.com/blog/mortgage-rates-up-14-basis-points-159975/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29
Low Cost Vietnamese Homes | Bedford Hills Real Estate
Vo Trong Nghia Architects has revealed its second-phase prototype for an affordable and low-maintenance dwelling for Vietnam, as part of a project aimed at solving the country’s housing crisis (+ slideshow).
The new prototype, known as S House, has been unveiled by Vo Trong Nghia Architects two years after the Vietnamese firm presented its first low-cost buildings, which were designed to offer permanent residences for less than £2,500 each.
read more..
Vo Trong Nghia unveils second prototype for low-cost Vietnamese housing
While the original design featured a lightweight steel frame, the new structure is built from precast concrete, which the architects believe offers greater long-term stability.