August 10, 2011 rummy

S&P Downgraded the USA a economy to AA+ and Moody is still at AAA+ , what does that mean to you as an investor, buyer and home seller in today’s real estate market. Fannie  Mac and Freddic Mac, is 80% owned by the U.S Government after receiving more then $150-billion in federal bailout funds to purchase bundles of mortgages from banks, providing lenders with fresh cash to make new loans. Fannie and Freddie package those mortgages to sell it to investor. Mortgage Rate: The 30-Year Fixed rate mortgage was down after the downgrade to 4.44% and expect to come to…

August 8, 2011 rummy

No one knows for sure what will happen next. However, we want to talk about possible scenarios.   Mortgage rates normally run parallel to the country’s Treasury bonds. If many people are buying Treasury bonds the return on those bonds decrease. If less people are interested in buying bonds, then the return on those bonds must increase in order to draw more buyers. If bond returns increase or decrease, mortgage rates normally follow. Many experts feel that the downgrade in the country’s credit rating will cause people to see greater risk and therefore be less likely to invest in our Treasury…

August 5, 2011 rummy

Lowest Rates of the Year Start Searching for investment property NOW in Westchester and Bronx NY Early in the week, an agreement to raise the US debt ceiling was reached, avoiding a default on government debt, but investors found little time for relief. Concerns about debt problems in Europe and the slow pace of global economic growth sparked a large rally in US bond markets and a large decline in the stock market. Mortgage rates improved significantly during the week, ending at the lowest levels of the year. This week’s bond market rally dropped mortgage rates back to levels last…

August 2, 2011 rummy

Mount Kisco town house located in Brookside Village with Bedford School District. Overview Maps Photos Description Video – Get your showing $350,000 Single Family Home Main Features 2 Bedrooms1 Bathroom1 Partial Bathroom57 UnitsInterior: 1580 sqft Location 57 Park Dr57Mt.Kisco, NY 10549USA To get updates on open home dates and other property events, please click the “Like” button below: Rummy Singh Dhanoa Keller Williams Realty Group(914) 4388840rummydhanoa@hotmail.comhttp://www.FreeNYHomeSearch.com Listed by: Keller William Realty Group Our recent listings Mount Kisco town house located in Brookside Village with Bedford School District.Beautiful 2 bed Co-op in Yonkers NYLowest Price On Garth Rd…********Highrise Riverdale Co-op*******++ Large…

June 27, 2011 rummy

Real reason we buy real estate   From the National Association of realtor, buyer who brought the a home was asked : Why did you guy. One response was overwhelming: Because I wanted a home. Not because of the tax benefits, or even the tax credit. Not because of the space. Not because of a job change and relocation. The primary reason people buy homes is that they want a home of their own. Their responses were given during the deepest depths of the housing recession, when the values of homes in most markets were approaching a double dip. Data…

June 18, 2011 rummy

There was a lot of volatility during the middle of the week, but mortgage rates ended nearly unchanged. Weak manufacturing data offset higher than expected inflation readings. Similarly, increased social unrest in Greece early in the week was balanced by renewed hopes on Friday for a quick solution to Greece’s debt problems. The current economic outlook, which includes expectations for tame inflation, has supported low mortgage rates. The monthly inflation reports released this week caused investors some concern, however. The May Consumer Price Index (CPI) rose 0.2% from April, which was above the consensus forecast, and CPI was 3.6% higher…

June 17, 2011 rummy

The U.S. housing market continues its gradual and uneven progress, despite the expiration of the home buyer tax credit. The remarkable rebound in housing activities from the initial drop following the end of the home buyer tax credit this past July adds to the belief that the risk of a double-dip downturn in housing may be disappearing. As the housing market continues to work through the excess supply overhang, a result from the glut of foreclosed properties which is keeping home prices below their long-term trend growth, economists anticipate mortgage rates at or above 6% by the end of 2012…

June 11, 2011 rummy

Little Change in Mortgage Rates While mortgage rates reached a new low for the year during the middle of the week, they ended nearly unchanged. It was a light week for economic data, and demand for the Treasury auctions was close to average, so investors had little reason to alter their outlooks. Economic growth during the first half of the year has been slower than expected, and the consensus economic outlook is for just a modest pick up in growth later in the year, with continued low inflation. This week’s Beige Book confirmed that economic growth is moderate in most…