Rummy Dhanoa's Blog Westchester County

New York Short sale where home sit on market for 3 years they are suffering through some of the challenges the rest of the country had over the past couple of years right now and will continue for the next 12 to 18months.   Right now in Westchester and Bronx Real estate we still are suffering wit...

The biggest influence on mortgage rates this week came from the Italian election, which reignited investor concerns about Europe and prompted a flight to safer assets. Fed Chief Bernanke continued to show strong support for the Fed's bond buying program, which was also positive for mortgage rate...

Retail Sales Increase Improving economic growth in the US was negative for mortgage rates this week. This was mostly offset by weakness in Europe and Japan, however. As a result, mortgage rates ended the week just a little higher. The biggest US economic report released this week was Retail Sale...

  In a week packed with big economic news, investors feared that the trend toward higher mortgage rates seen this month would continue. The risk that the Fed might signal a scaling back of its MBS purchases concerned investors. In the end, though, a neutral Fed statement and an unexpected increa...

WASHINGTON – As part of a broad effort to strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMI Fund), FHA Commissioner Carol Galante announced a series of changes to be issued this week that will allow the agency to better manage risk and further strengthen th...

NYS-Westchester County SONYMA Offer Products for 1st Time Homebuyers     The State of New York Mortgage Agency (SONYMA) offers five mortgage programs to assist first-time homebuyers with the purchase of a home in New York State.   Our five mortgage programs feature competitive interest rates, low...

The Latest Threat to The Real Estate Market Recovery!   A housing recovery may be under way, but there’s an obstacle that appears to be slowing down the rebound: the unusually high number of buyers who walk away from their contracts.   An average of nearly 18% of signed contracts on existing home...

Is the End of the Year the Time for Westchester Home Owners to Sell? Selling your home as the end of the year approaches is actually a good idea, but you need to have the right strategy in place. The holidays will be here before you know it and it’s vital that you put your plan of action into pla...

Westchester-Baby Boomers Considering Their Next Housing Move. Are You? Many older baby boomers have been putting off moving for years now, due to weak housing markets, price declines and losses in their retirement accounts. But as markets are beginning to recover, some may be unearthing their bur...