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Mortgage rates start the year lower

Jan 09, 2017
Freddie Mac reported that this week marked the first time in 10 weeks that mortgage rates moved lower. The 30-year mortgage rate fell 12 basis points to 4.20 percent. Despite the week’s breather, the 66-basis point increase in the mortgage rate since November is taking its toll – the Mortgage Banker Association’s refinance index plunged 22 percent this week. Learn more here
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Empire State housing market stays hot in January

New York State home sales remained strong to start the new year with 8,698 closed sales, falling just shy of the 2017 record for January, according to the annual housing market report released by the New York State Association of REALTORS. The January statewide median sales price of $266,000 represented an increase of 8.4 percent from a year ago. Click here to read more.