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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 home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.