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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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NYS home sales post second-highest May total

Homebuyer activity remained strong in May, driving the New York State housing market to the second-highest sales total for the month with 10,348 closings. May 2018 closed sales were 8.6 percent lower than the record of 11,322 set in May 2017. The median sales price growth trend continued, increasing by 11.5 percent compared to last May, ending the month at $262,000. Click here to read more.

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