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Mortgage rates near 2016 lows again

Aug 08, 2016
After climbing for the last three consecutive weeks, mortgage rates reversed course this week, falling back near the lowest averages of the year. Mortgage rates had moved up 7 basis points over the past three weeks. However, most of those gains were erased this week, as the 30-year fixed-rate mortgage fell 5 basis points to 3.43 percent, according to Freddie Mac. 
Click here to read the entire Freddie Mac press release.
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Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.