Category Archives: Lewisboro

Londoners threaten to flee the capital over housing costs | Cross River Real Estate

Londoners are threatening to leave the capital in their droves as many struggle to pay rocketing housing costs, as wealthy overseas and domestic cash buyers prop up housing prices.

The city could face a “brain drain” as employees look to relocating to more affordable parts of the country, according to research conducted by YouGov for London First.

The not for profit organisation that promotes London to investors said the capital is going to feel the economic consequences of London’s housing shortage with nearly half of those polled vowing to leave the city if prices keep climbing.

The majority of employees (56pc) find it difficult to pay rent or mortgages costs and work in London while three quarters of businesses warned that a lack of supply and costs are a “significant risk to the capital’s economic growth.”

London employees, employers, councillors and more than 1,000 members of the public were all polled on behalf of business group London First and global construction consultancy Turner & Townsend.

http://www.telegraph.co.uk/finance/economics/11120163/House-prices-Londoners-threaten-to-flee-the-capital-over-housing-costs.html

Down to Earth Farmers Market | South Salem Real Estate

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Croton-on-Hudson Market Adds THREE Day Vendors on Sunday;
2nd Annual Piermont Apple Pie Contest on 9/28 at the Market;
Ossining: T-Shirt to Tote Workshop Creates Alternative to Plastic Bags + MORE
September 25th – October 1st, 2014
DowntoEarthMarkets.com

CauliflowerandCarrots_VeronicaLPhoto_1408

What’s New, In Season, and On Sale This Week

Apple Cider Donuts
Migliorelli Farm

Eccles Cakes
Baked by popular demand
Robinson & Co Catering

Frozen Kofta, Rajma,
Roti Roll, Saag, & Samosa
Bombay Emerald Chutney Co.

Hake Fish – SALE!
Now $11.99/lb
American Pride Seafood

Lavender Tea Biscuits
Robinson & Co. Catering

Pear Cider
Migliorelli Farm

Pumpkin Galore: Butter,
Cookies, Pies, Tarts – Even Pumpkin Explosions!
Regular and gluten-free
Meredith’s Bread

Sweet Potato Pie
Meredith’s Bread

Wensleydale Apple Pie
As they say in Yorkshire…
“Apple pie without cheese is like a kiss without a squeeze.”
Robinson & Co. Catering

Winter Squash Varieties
Acorn, Butternut, Spaghetti, and Sweet Dumpling
Wright’s Farm

Click on a Market to see all vendor and event details…

Westchester County		Rockland County
Ossining Saturdays 8:30 am-1:00 pm	Larchmont Saturdays 8:30 am-1:00 pm	Piermont Sundays 9:30 am-3:00 pm
Croton-on-Hudson Sundays 9:00 am-2:00 pm	Rye Sundays 8:30 am-2:00 pm	Spring Valley Wednesdays 8:30 am-3:00 pm
Tarrytown/Sleepy Hollow Saturdays 8:30 am-1:00 pm	New Rochelle Fridays 8:30 am-2:30 pm	*Headed to the city soon?* Visit a Down to Earth Farmers Market in NYC!

Announcements

Ossining: Music, Cornell Master Gardeners, Free Yoga & T-Shirt to Tote!

What a market we have planned for you this Saturday, September 27th:
Join us as the acoustic duo, Deuces Child, serenades the market from 10 am to noon. Then all are invited to join the free yoga class with Dragon Fly Yoga in Market Square from noon to 1 pm. All market day, Cornell Master Gardeners will be on hand to answer your garden queries. Also, Green Ossining volunteers will demonstrate how to create reusable tote bags from t-shirts. Their fun and easy bags are a great way to join the effort to eliminate plastic shopping bags from the market. Let’s go green together.

Croton-on-Hudson

From 11 am to 1 pm this Sunday, Susan Chasen from the Organic Teaching Kitchen will host a cooking demonstration be at the Croton-on-Hudson market. She’ll create a fresh and easy seasonal recipe to taste and try at home. Stop by and learn about organic eating and pick up ideas for your own kitchen.

Piermont

It’s finally here: This Sunday, September 27th, is 2nd Annual Piermont Apple Pie Contest.
Starting at 11 am at Piermont’s Down to Earth Farmers Market, the judges – renowned Chef Peter X. Kelly, Mark Tasker, Head Pastry Chef of Balthazar, and esteemed Piermont community member, Sylvia Welch – will savor each entry to the determine the winners. The categories are Best Tasting, Best Looking, Most Creative, and Most Traditional. Then they will turn the judging over to the public to taste each entry and vote on Best Overall. Can’t wait to see you there!

For additional events, visit our Down to Earth Markets Event Calendar.

Stay tuned to all market happenings via our Down to Earth Markets Facebook page
and follow us on Instagram and on Twitter @DowntoEarthMkts.

Wave Hill Breads Recommends: Panzanella (Tuscan Bread Salad)
Made with Fresh Market Ingredients

Tomatoes, thank you for a lovely season!
Photo by Veronica L Photography

Margaret Sapir of Wave Hill Breads recently shared a recipe that underlines two longstanding truths about Down to Earth vendors: 1) They sure know good food and 2) Every week at the farmers market, they inspire one another. When great culinary minds unpack next to overflowing tables of fruits and vegetables, they get to thinking. For Margaret, the tomato bounty churned her creativity. She searched for recipes to bring together her award-winning breads with the local harvest. Here she suggests Panzanella a.k.a. Tuscan Bread Salad.

Local tomatoes are soon to recede into background, as cauliflower, winter squash, and other fall favorites begin to bear. We join in Margaret’s suggestion to savor the last of this year’s tomatoes, together with the amazing breads that Wave Hill Bread brings to market every week.

Note from Margaret: I’ve adapted this recipe from Divina Cucina.This Mediterranean salad is an example of the green, white, and red colors of the Italian flag. In the 1500’s, a poem by the famous artist Bronzino describes the salad. At that time, the tomato had not been introduced into Italy yet. The ingredients were limited to cucumber, onion, basil, arugula, and bread. The Italian bread is salt-free, so they add salt to the salad recipe. According to the recipe, it is important to use bread without preservatives and let it go stale. You can cut the Wave Hill Bread thickly and let it dry. The traditional recipe aims for a crumbed bread texture.

Panzanella (Tuscan Bread Salad)

Ingredients

• 1 pound stale bread (Wave Hill Breads’ Batard)
• 3 tomatoes, cut into eighths • 2 red onions, thinly sliced
• 1 cucumber, peeled and sliced
• Basil, olive oil, vinegar, and salt (if desired)

Directions

Soak the stale bread in cold water for 10 minutes. Squeeze out the water and crumble the bread into a serving bowl. Add tomatoes, cucumber, onions, and basil. Season with olive oil and salt, if desired. Mix well and let sit. Before serving, add vinegar and mix again. Serve with olive oil, vinegar, and salt on the side. Have fun adding ingredients if you desire.

Rotating* Vendors This Week
*Vendors who rotate through various markets during the season.
They enjoy getting to know many communities, and here’s where to find them this week:

Larchmont – Saturday, Sept. 27th

Flourish Baking Company
The Peanut Principle
Pie Lady & Son
The RAD Soap Company
Robinson & Co. Catering (Locally sourced, British-inspired prepared foods)
Trotta Foods

Ossining – Saturday, Sept. 27th

Hudson River Apiaries

Croton-on-Hudson – Sunday, Sept. 28th

Bombay Emerald Chutney Co.
**NEW TO MARKET!** – Taiim Falafel Shack
Tuthilltown Spirits Farm Distillery

Piermont – Sunday, Sept. 28th

e-Desserts
Kontoulis Family Olive Oil
Penny Lick Ice Cream Company

Rye – Sunday, Sept. 28th

Christiane’s Backstube (German-inspired baked specialties)
The Peanut Principle

Down to Earth Markets 173 Main Street Ossining, NY 10562 Phone: 914-923-4837
DowntoEarthMarkets.com

Navigating the NYC real estate market | Katonah Real Estate

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Choosing a home in a hot New York City real estate market can be daunting. With the market being so high, should you rent or buy?

We turned to licensed broker Daniel Nassi for some help. He said inventory is out there, so it “really comes down to whether you have the money or not.” Nassi said mortgage rates are comparatively low, which could make buying a better investment than renting. But if you need financing, you may be at a disadvantage. A number of cash buyers are in this market and they have a leg up.

“When you’re a seller and you have somebody who comes in, for instance, as a cash buyer you don’t have to worry if they’re going to be able to close,” Nassi said. “When you have somebody who has financing they don’t have as much leverage as someone who does not.”

As for rents, prices are high and aren’t moving. Douglas Elliman’s monthly report breaks down rents throughout the city. The median in northwest Queens is about $2,700, Brooklyn just over $2,800, and Manhattan gets an average of $3,175.

Nassi showed us a one-bedroom apartment in his building at 220 Park Avenue. 650 square feet will go for $3,500 to $3,600.

“If you rent, you might be spending more money than if you buy,” said Jennifer Gould Keil, the celebrity real estate columnist for the New York Post. She said whether you’re renting of buying the best deals are in Midtown West and the Upper East Side.

“The surprising thing is that areas like the Upper East Side, that were once so incredibly expensive, are now places where you can get the best deals in town,” she said. “And places that are up and coming in Brooklyn might be a little bit overpriced.”

Do your homework, get to know the neighborhood, and visit it at all times of day.

“We talk to some police officers who were saying they couldn’t believe that brokers will schedule open houses on a Monday morning in an up-and-coming neighborhood where things look wonderful, and buyers or potential buyers don’t know that there are shootings at 3 a.m. on Saturdays.”

New Yorkers we spoke with watch the market closely.

“Owning is always good, real estate always goes up so owning would be good for anybody,” Romain Singh said.

“When I bought my property it was many years ago, so it was so much cheaper, but now the prices has escalated that it’s impossible to buy,” Cleonie Sinclair said.

The real estate market does tend to slow down in the fall, especially around the holidays. You may have fewer options, but it could be a good time to negotiation.

http://www.myfoxny.com/story/26620516/navigating-the-nyc-real-estate-market

New home sales power higher in August, soar by 18 percent | #SouthSalem #RealEstate

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Sales of new U.S. single-family homes surged in August and hit their highest level in more than six years, offering confirmation that the housing recovery remains on course.

The Commerce Department said on Wednesday sales jumped 18.0 percent to a seasonally adjusted annual rate of 504,000 units. That was the highest level since May 2008 and marked the second straight month of gains.

July’s sales were revised to show a 1.9 percent gain instead of the previously reported 2.4 percent drop.

Economists polled by Reuters had forecast new home sales rising to only a 430,000-unit pace last month.

While the new home sales segment accounts for only 9.1 percent of the housing market, the increase last month should allay fears of renewed housing weakness after a surprise decline in home resales last month.

A survey last week showed homebuilder sentiment hit its highest level in nearly nine years in September, with builders reporting a sharp pick-up in buyer traffic.

In August, new home sales soared 50 percent in the West to their highest level since January 2008.

Sales in the populous South increased 7.8 percent to their highest level in 10 months. In the Northeast, sales rose 29.2 percent, but were flat in the Midwest.

http://www.cnbc.com/id/102028719

Going Off-Grid with Solar | #Waccabuc #RealEstate

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Going Off-Grid With Solar

Volume 1 – SOLAR OFF-GRID BASICS

Introduction

Over the next few months I will discuss with you the topic of off-grid solar systems. The impetus of developing these articles centers around the growing trend of individuals who desire to become less dependent on their utility grid.

There are a number of system types that can be considered when making this move toward energy independence. Some of the questions that you want to start thinking about are:

Do I want my home to be completely off-grid or do I want the ability to have grid power should the need arise?

I have already installed a grid-tied PV system on my home, can I use my existing system and still have the ability to go off-grid?

I’m not sure I’m ready to invest in a battery based system; however, I would like to plan on adding that to my future or existing PV system. What options are there for me?

Now that you have started to think about these questions and which of these applies mostly to your situation we can begin to understand how these relate to the different types of off-grid PV systems.

System Types

There are a few basic types of off-grid systems to consider when evaluating the prospect of taking your home off-grid. The types of systems are; PV-Direct, Off-grid and Hybrid. Each of these types have different attributes that define what they are able to do. Each serves a specific purpose and is chosen by the needs that you require.

PV-Direct System

The PV-Direct system is this simplest of all off-grid systems. It contains the least amount of equipment and is therefore less costly than other off-grid systems types. Essentially the only components that are required are PV modules, disconnects/fuses/breakers, and the load.

The PV-Direct systems are a good consideration if you have devices which are DC powered and are remote. These could be well-pumps, dc-fan motors or any other DC powered device. The limitations to these systems are that they can only be powered when the solar resource is available. This makes them unsuitable for an off-grid home, but can still be considered if your off-grid home is remote and you have a well-pump or perhaps a greenhouse which requires ventilation.

Off-Grid System

The next type of systems is the Off-grid system. This is the most commonly thought of because it describes a home which is completely isolated from the utility grid by choice or

Off-Grid System

The next type of systems is the Off-grid system. This is the most commonly thought of because it describes a home which is completely isolated from the utility grid by choice or necessity. These systems contain more components than the PV-Direct system and by extension more energy usability because one of the primary components is energy storage (batteries).

Before I go further, I want to mention here that there are two types of systems that can be considered in an off-grid system. Those may be either DC coupled or AC coupled. I will cover both of these system types in more detail in a later article to help further explain the advantages of each and when they should be employed.

Off-grid systems are most common for homes that are in remote locations or in areas that are too far from a utility service where the cost of running utility service would be cost prohibitive. These circumstances are where off-grid PV systems are a great option to consider when traditionally you would need to rely on some type of fossil fuel or natural gas commodity to run a generator, which can be expensive and not environmentally friendly.

The main components of an off-grid system are the PV modules, charge controller, battery bank, battery management, DC/AC inverter and electrical safety equipment. You can also consider adding or keeping the aforementioned generator if the loads you wish to power require that extra boost, your batteries need an extra charge or you are really conservative and would like to have it just in-case.

http://www.civicsolar.com/resource/going-grid-solar?utm

Katonah-Lewisboro Schools Superintendent Search Gets Under Way | Katonah Real Estate

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Representatives from the firm hired to find a new Katonah-Lewisboro schools superintendent gave an overview of the search, which will involve a mix of confidentiality for candidates and public events.

The representatives, John Chambers and Deborah Raizes, are from Hazard, Young, Attea Associates. Chambers, whose resume includes having served as superintendent for the Bronxville and Byram Hills school districts, also brought up his 10 years of serving as a John Jay High school principal. Raizes’ resume includes having served as as a Scarsdale school board member, including time as president.

Raizes and Chambers, who gave a presentation at the school board’s Sept. 15 meeting, outlined the superintendent-search process.

Public participation will include a series of focus groups, which will be held on Sept. 29, Sept. 30, Oct. 3 and Oct. 7. The first focus group is scheduled for 7:30 p.m. at the high school library, while the second is set for 10 a.m. at the high school auditorium. Additionally, an online survey has been posted and will run until Oct. 3.

http://bedford.dailyvoice.com/schools/katonah-lewisboro-schools-superintendent-search-gets-under-way

Real Estate Foundations Look a Little Wobbly | Katonah Real Estate

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Is it too late to catch the real-estate rebound?

Just a few years after suffering its worst downturn since the Great Depression, housing has seen a remarkable recovery. Skimpy interest rates, pent-up demand and lower prices have sparked gains of about 20% in the median price of new and existing homes over the past two years.

The Dow Jones U.S. Select REIT Index—which covers a number of investment vehicles—has climbed about 150% since the beginning of 2009, roughly matching the Standard & Poor’s 500, including dividends.

But the market’s foundation is starting to wobble. In June, home prices fell 0.2% compared with May’s levels, according to the seasonally adjusted S&P/Case-Shiller Home Price Index tracking the 20 largest cities. It marked the second consecutive monthly decline. The dip the month before marked the first time in about three years that prices fell on a monthly basis.

True, prices for June rose 8.1% compared with last year, and data tracking the sentiment of home builders has improved. But every city in the U.S. has seen home prices rise at a slower annual rate lately. Mortgage applications to buy a home recently fell to their lowest levels since February, refinance applications were the weakest since 2008, and housing starts dropped in August.

“The pace of slowing…has been somewhat more abrupt than we had expected entering the year,” says Michael Gapen, a senior economist at Barclays, who says there’s “downside risk” to his bank’s expectation that home prices will rise as much as 8% this year.

What’s going on? In part, the soaring prices of the past couple years have started scaring off first-time buyers. Those higher prices have also encouraged homeowners to put homes up for sale, adding new inventory. Meanwhile, investors, who played a key role in stabilizing the market by buying bargain properties, have become more cautious.

The slowdown is good news for home buyers, of course. And recent weakness in real-estate investments, including home builders, has created opportunities for bargain hunters, some analysts say. But if the Federal Reserve begins raising interest rates next year, as expected, the cost of financing will increase—making things tougher for buyers and investors alike.

Below is a look at the new real-estate game and the best ways to play it.

REITS: Beware Rising Rates

One of the attractions of REITs is that they pay at least 90% of taxable income to shareholders as dividends, about 4% on average lately. But analysts say many real-estate investment trusts are trading at expensive levels. And rising rates could undercut REITs by making their dividends look less compelling compared with bonds.

Expensive valuations don’t mean avoiding REITs, analysts say—just shifting to larger, high-quality REITs with lower borrowing, such as Sam Zell‘s Equity Residential and AvalonBay Communities Inc., each of which pays dividends of more than 3%. Because of their size and balance sheets, these are seen as safer bets if rates rise

Down to Earth Farmers Markets | Katonah Real Estate

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Ossining Community Works to Eliminate Plastic Shopping Bags at Market;
Last Chance to Register for Piermont Apple Pie Contest on 9/28;
Honeycrisp Apples Arrive in Croton-on-Hudson + MORE

September 18-26th, 2014
DowntoEarthMarkets.com

What’s New, In Season, and On Sale This Week

Broccoli
Newgate Farms

Cauliflower – including
colorful varieties!
Gajeski Produce
Newgate Farms

Cherry Tomatoes
Rexcroft Farm

Cranberry Orange Rum Scones
e-Desserts

Lavender Scones
e-Desserts

Kabocha Squash
Rexcroft Farm

Marinated Fire Roasted Peppers
Sourced from Newgate Farms
Trotta Foods

Pumpkin Butter
Meredith’s Bread

Pumpkin Cookies,
Pies, Tarts, and more
Regular and gluten-free
Meredith’s Bread

Roasted Red Pepper and Mozzarella Ravioli
w/Newgate Farm peppers
Trotta Foods

Spaghetti Squash
Rexcroft Farm

Sushi-grade Tuna
American Pride Seafood

Click on a Market to see all vendor and event details…

Westchester County		Rockland County
Ossining Saturdays 8:30 am-1:00 pm	Larchmont Saturdays 8:30 am-1:00 pm	Piermont Sundays 9:30 am-3:00 pm
Croton-on-Hudson Sundays 9:00 am-2:00 pm	Rye Sundays 8:30 am-2:00 pm	Spring Valley Wednesdays 8:30 am-3:00 pm
Tarrytown/Sleepy Hollow Saturdays 8:30 am-1:00 pm	New Rochelle Fridays 8:30 am-2:30 pm	*Headed to the city soon?* Visit a Down to Earth Farmers Market in NYC!

Announcements

Croton

The farmers in Croton-on-Hudson are bringing in more unique melons varieties as the weeks progress, so we’re going to host another melon tasting. Stop by this Sunday to try these delicious fruits, freshly-picked from the late summer harvest.

Ossining: Together Let’s Eliminate Plastic Shopping Bags

Down to Earth Markets estimates that at least 64,000 plastic shopping bags leave the Ossining market/year. Plastic bags often end up as litter in our streets, green spaces, and waterways.
With this in mind, we encourage shoppers to Bring Your Own Bag a.k.a. BYOBag to the market.
As of Saturday, September 27th, vendors at the Ossining market will charge $0.10 for every
point-of-sale shopping bag with the expectation to eliminate them with time.

On September 20th and 27th, everyone is invited to donate your extra reusable bags to the Ossining market manager. The manager will offer these bags to shoppers for use instead of plastic. For every bag donated, the giver can enter a raffle for a $25 gift certificate to the Ossining Farmers Market.

Also, Green Ossining plans to host a “T-Shirt to Tote” workshop at the market, teaching all how to transform old t-shirts to reusable bags. Please visit our event calendar for full details.

Piermont – Registration ends soon for Apple Pie Contest on Sunday, Sept. 28

This is the last Sunday to register at the farmers market for the 2nd Annual Piermont Apple Pie Contest. The judges will be renowned Chef Peter X. Kelly, Mark Tasker, Head Pastry Chef of Balthazar, and esteemed Piermont community member, Sylvia Welch.
They will determine the winner in the categories of Best Tasting, Best Looking, Most Creative, and Most Traditional. Then they’ll turn the judging over to the public to taste each entry and vote on Best Overall. In a phrase, “Bring it.” Register this Sunday at the market or online HERE.

Rye

The Westchester Triathlon takes place on Sunday and it will be in Rye around the time of the farmers market opening (8:30 am). The market will be open per usual, but please note that area traffic may be rerouted for a short while. Join us in cheering on these inspiring athletes and then stock up on fresh, local foods at the market. See you there.

Vendor News: Wave Hill Bread Named Best Bread (Again!)

For the second year in a row, Connecticut Magazine has declared something that Down to Earth Farmers Market customers have known all along: Wave Hill Bread is the BEST BREAD around. Congratulations to Mitch, Margaret, and their talented crew! We’re so happy to have them at our markets in Larchmont on Saturdays and Croton-on-Hudson on Sundays.

For additional events, visit our Down to Earth Markets Event Calendar.

Stay tuned to all market happenings via our Down to Earth Markets Facebook page
and follow us on Instagram and on Twitter @DowntoEarthMkts.

Rotating* Vendors This Week
*Vendors who rotate through various markets during the season.
They enjoy getting to know many communities, and here’s where to find them this week:

Larchmont

Calcutta Kitchens
Christiane’s Backstube (Locally sourced, German-inspired baked specialties)
Flourish Baking Company
Hudson River Apiaries
Kontoulis Family Olive Oil
North Winds Lavender Farm
Trotta Foods

Piermont

**NEW TO 2014 MARKET!!** – Alpacatrax
(100% alpaca fleece, yarn, roving, and more from the Hudson Valley)
e-Desserts
#Freedom Craft Brewery

Rye

Kontoulis Family Olive Oil

Down to Earth Markets 173 Main Street Ossining, NY 10562 Phone: 914-923-4837

Real Estate will be Hurt by Higher Rates | #CrossRiverRealEstate

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The prolonged flat, stable period of mortgage rates came to an end this week as rates on the more popular types of mortgages surged, according to the latest data released Thursday by Freddie Mac.

Fixed mortgage rates’ biggest one-week gain this year pushed them to their highest level since early May.

Rates were climbing even before the Federal Reserve’s announcement Wednesday about its plans to wind down its trillion-dollar stimulus program.

The 30-year fixed-rate average spiked to 4.23 percent with an average 0.5 point. It was 4.12 percent a week ago and 4.5 percent a year ago. For the past 12 weeks, the 30-year fixed rate had drifted between 4.1 percent and 4.14 percent. This is the highest it has been since it was 4.29 percent on May 1.

The 15-year fixed-rate average jumped to 3.37 percent with an average 0.5 point. It was 3.26 percent a week ago and 3.54 percent a year ago. The 15-year fixed rate had floated between 3.27 percent and 3.22 percent for the past 12 weeks. This is the highest it has been since it was 3.38 percent on May 1.

Hybrid adjustable rate mortgages were mixed. The five-year ARM average rose to 3.06 percent with an average 0.5 point. It was 2.99 percent a week ago and 3.11 percent a year ago. This is the first time in six weeks the five-year ARM has risen above 3 percent.

The one-year ARM average fell to 2.43 percent with an average 0.4 point. It was 2.45 percent a week ago.

“Fixed-rate mortgage rates rose this week following the increase in 10-year Treasury yields being partially fueled by market speculation the Federal Reserve might change its interest rate guidance,” Frank E. Nothaft, Freddie Mac vice president and chief economist, said in a statement.

Freddie Mac says rates average 4.23% | #Katonah Real Estate

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Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates making their biggest one-week gain so far this year and bringing them to their highest level since the week ending May 1.

News Facts

30-year fixed-rate mortgage (FRM) averaged 4.23 percent with an average 0.5 point for the week ending September 18, 2014, up from last week when it averaged 4.12 percent. A year ago at this time, the 30-year FRM averaged 4.50 percent.
15-year FRM this week averaged 3.37 percent with an average 0.5 point, up from last week when it averaged 3.26 percent. A year ago at this time, the 15-year FRM averaged 3.54 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.06 percent this week with an average 0.5 point, up from last week when it averaged 2.99 percent. A year ago, the 5-year ARM averaged 3.11 percent.
1-year Treasury-indexed ARM averaged 2.43 percent this week with an average 0.4 point, down from last week when it averaged 2.45 percent. At this time last year, the 1-year ARM averaged 2.65 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

Quotes
Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.

“Fixed-rate mortgage rates rose this week following the increase in 10-year Treasury yields being partially fueled by market speculation the Federal Reserve might change its interest rate guidance. Meanwhile, the Labor Department reported that its Consumer Price Index (CPI) declined 0.2 percent in August reflecting declines in energy prices. Excluding food and energy, the CPI was unchanged.”

Buying Bedford Real Estate

Robert Paul Realtor buying Bedford real estate

Category Archives: Lewisboro

Londoners threaten to flee the capital over housing costs | Cross River Real Estate

Down to Earth Farmers Market | South Salem Real Estate

Navigating the NYC real estate market | Katonah Real Estate

New home sales power higher in August, soar by 18 percent | #SouthSalem #RealEstate

Going Off-Grid with Solar | #Waccabuc #RealEstate

Going Off-Grid With Solar

Katonah-Lewisboro Schools Superintendent Search Gets Under Way | Katonah Real Estate

Real Estate Foundations Look a Little Wobbly | Katonah Real Estate

Down to Earth Farmers Markets | Katonah Real Estate

Real Estate will be Hurt by Higher Rates | #CrossRiverRealEstate

Freddie Mac says rates average 4.23% | #Katonah Real Estate