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Many home buyers will wonder if they will be able to get a mortgage? Read on and find out about 5 tips that will help you on your way.

Remember these easy-to-prevent mistakes that could cost a new homeowner BIG TIME! Here are 6 mistakes new homeowners often make and why they are critically important to avoid
As a homeowner, you are charged with with safety and security of your home, the payment of your bills, along with the payment of your bills, cleanliness, tidiness, among other things. Running a house is similar to running a business. Take all the responsibilities seriously and you will be successful and happy in your home
These must-haves will make things a lot easier in the first few weeks. With the right tools on hand you will be prepared for every scenario. Do yourself a favor by stocking your home with the following items. You will be ready for every homeowner challenge.

In June, we officially welcome Summer in Westchester County. Here are 5 must-do DIY projects for the whole family to participate in.

Whether you live in Westerchester, Putnam or anywhere else for that matter the ten best kept secrets for selling your home are very simple steps. If you are thinking of selling in this hot market then I would suggest you read and follow them. You won't believe how easy it is to get more money for your property

If you own some property that you are not actively living in, you might be thinking about renting the property out and becoming a landlord. Renting usable property is a great way to make some extra money, but if not done carefully, it can turn into a disaster. Here is a list of some of the most important things to learn before taking the plunge.

Study Local Laws

Since shelter is a basic human need, a large body of legal rules and regulations apply to the process. Rental laws vary a great deal from state to state, so you’ll need to find a good resource for researching these laws, unless you are already a lawyer yourself. While looking around online is a good start, you’ll probably also need to consult a legal professional, or at least some books on the subject. Your local library is an excellent resource to find any of the information without spending an arm and a leg.

Preparing your home for sale is always a time consuming project. Here's a few tips to help you get everything going during the winter time.
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Mortgage News Daily

  • Mortgage Rates Lowest Since August Ahead of Fed

    Posted To: Mortgage Rate Watch

    Mortgage rates fell today as lenders got caught up with the friendly move in the bond market that we noted yesterday. Incidentally, today's bond market movement was also friendly (i.e. it suggested rates should continue to move lower). There's almost never only one reason that financial markets are doing whatever they're doing, even if there is frequently one reason that's bigger than the others. Both stocks and oil prices were high on the list of reasons for today's interest rate movement. When it comes to stocks, big losses frequently help rates (investors often seek safe-havens when stocks are panicking, and bond markets can be one of those havens. More bond buying = lower rates). When it comes to oil prices, the relationship with rates is far less predictable , but when oil is falling rapidly...(read more)

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  • One Region Accounts For Majority of Economic Optimism -NAR Survey

    Posted To: MND NewsWire

    Only about one third of Americans told the National Association of Realtors® (NAR) in a recent survey that they thought it was a good time to buy a home. Respondents to NAR's fourth quarter Housing Opportunities and Market Experience (HOME) survey were generally upbeat about the economy, with 59 percent of those polls believing it is improving. However only 34 percent strongly believe that it is a good time to buy. NAR says that despite the overall optimism and the recent direction of home prices the sentiment on home buying continued to diminish at the close of 2018. Thirty-nine percent had expressed a positive attitude toward homebuying in the third quarter survey and 43 percent did so one year ago. The percentage of those who believe that is not a good time to buy was unchanged in the...(read more)

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  • A Positive Housing Report? November Residential Construction Changes Course

    Posted To: MND NewsWire

    Residential construction performed an abrupt and unexpected about face in October. Permits, housing starts, and completions all improved on a month-over-month basis and, except for completions, they were not token increases. The gains however did all come from the multifamily sector, single-family activity remained weak. Permits for privately owned housing units were issued during the month at a seasonally adjusted annual rate of 1,328,000, a 5.0 percent jump from October. This put the rate above water relative to a year earlier , up 0.4 percent. The original 1,263,000 permits reported for October were revised up to 1,265,000. Analysts polled by Econoday had not expected much from either permits or starts. Their consensus estimate for the former was 1,257,000 units with a range of 1,250,000...(read more)

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  • MBS Day Ahead: Bonds Running Into Same Rate Floor Ahead of Fed

    Posted To: MBS Commentary

    Fed day tomorrow! We'll finally get to see what's what with respect to recent speculation and a factual shift in tone from several Fed members (including Powell). But we have a day and a half of trading to get through before that happens. As today's trading ramps up, we're seeing starkly clear confirmation of the consolidation range that I can't stop talking about over the last week and a half. The boundaries are now clearly set at 2.92% overhead (successfully defended as a ceiling on Wed/Thu last week) and 2.82% (which has offered several floor bounces starting on December 6th). 2.82% is highlighted on the chart because that's the boundary we're closer to this morning. In fact, yields bounced there in the overnight session, and from a purely technical standpoint...(read more)

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  • Banks Buying Lenders and Other Banks, Report on Merger Activity; Capital Markets Update

    Posted To: Pipeline Press

    “Rob, I’m no stranger to bribes.” (I am not going to say which mortgage banking production manager jokingly made that tongue-in-cheek statement.) We trust that Fed officials are not subject to bribes or political influences. A poll of 60 economists shows an almost unanimous expectation that the Federal Reserve will announce an interest-rate increase tomorrow. But a significant number of respondents expect only two further increases in 2019, instead of the three that were widely predicted in a similar survey in November. Lender Products and Services Are you looking for a USDA One-Time Close product that can be sold to your correspondent investor right after closing and before construction has begun? Check out the new USDA One-Time Close purchase option TMS Correspondent recently...(read more)

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  • MBS RECAP: Stock Sell-Off Makes Strong Case For Bond Consolidation

    Posted To: MBS Commentary

    Just when you thought we might be done talking about "consolidations," there's that word again! I'd suggested on Friday that the modest bond market gains helped to confirm a consolidation as opposed to a correction, with the recent yield highs of 2.92% acting as the dividing line. With Friday closing just under 2.90%, we weren't exactly out of the woods with respect to the days leading up to Wednesday's Fed festivities. That changed today , for the most part, as yields rallied all the way down under 2.86%. At this point, it would take a fairly serious bout of weakness tomorrow for the "consolidation" definition to be questioned. But why does the definition matter? A a matter of fact, the words "consolidation vs correction" don't really matter...(read more)

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  • Mortgage Rates Little-Changed Despite Market Gains

    Posted To: Mortgage Rate Watch

    Mortgage rates were fairly flat yet again today. Unlike Friday, today's market movement made a case for a bit of a drop. "Market gains" mean different things when talking about bonds/rates (as opposed to stocks). In today's case, bond markets improved while stocks lost ground. In fact, the pace at which stocks lost ground largely explains bond market gains (investors often seek safe-havens when stocks are panicking, and bond markets can be one of those havens). As money flows into bond markets, bond prices rise and rates fall. Mortgage rates are ultimately determined by mortgage lenders, but they'll usually change rate sheets in the middle of the day if bonds are improving quickly enough. Today's bond market gains were big enough to justify so-called "reprices" among mortgage lenders, but that...(read more)

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  • Builder Confidence: Lower Rates Helping With Affordability Concerns

    Posted To: MND NewsWire

    The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) is flirting with the danger zone. Although stressing that the index remains in positive territory, NAHB said its measure of home builder confidence lost 4 points compared to November, landing at 56. It was the lowest reading since May 2015 and followed an 8-point drop last month. NAHB said the index is reflecting concerns over housing affordability. "We are hearing from builders that consumer demand exists, but that customers are hesitating to make a purchase because of rising home costs," said NAHB Chairman Randy Noel. "However, recent declines in mortgage interest rates should help move the market forward in early 2019." Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB...(read more)

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  • MBS Week Ahead: Fed Week Is Here. Let's Looks at Possibilities

    Posted To: MBS Commentary

    More than anything else over the past 3 weeks, a shift in tone among Fed speakers has been at the heart of the year's best bond market rally. Seemingly overnight, the average Fed member went from saying things like "3 more hikes in 2019" to "very close to neutral." Markets would do well to remember that a few Fed speeches from the past have indicated the Fed's willingness to take rates temporarily above neutral, if needed, but that was really only a risk in the event economic growth continued to accelerate. While economic growth is still relatively strong, there doesn't seem to be much concern about it accelerating at the moment. That means that the neutral Fed Funds Rate is probably the point at which rate hikes will pause. Thus, "being close to neutral"...(read more)

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  • MBS RECAP: Bonds Ignore Econ Data in Favor of Next Week's Fed Events

    Posted To: MBS Commentary

    Bonds began the day in modestly stronger territory. While they spend a small amount of the day trading a small distance away from those opening levels, that time and distance was never big enough to cause any concern. In short, the "consolidation" we'd hoped to confirm by seeing 10yr yields remain under 2.92% this week has officially been confirmed. If you'd prefer to approach this from a purely empirical standpoint where we forget that the Fed is a big deal next week and that traders aren't all robots, we could simply say that a slightly stronger Retail Sales report was offset by weaker performance in stocks to leave bonds to trade in line with opening levels by the end of the day. Whichever reality you choose to live in, the fact remains that next week has a fairly big...(read more)

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Bonnie Koff  |  Licensed Associate Real Estate Broker  |  William Raveis Legends Realty Group  | Tarrytown Office 
914-332-6300  |  37 Main Street, Tarrytown, New York 10591  |  Email