When a buyers’ agent hooks a new client in search of a home on the South Fork, the agent finds a price target that the home buyer is comfortable with... more
With the federal funds rate the highest its has been in more than two decades, Residence asked PAR East Mortgage Company President and CEO Pattie Romanzi to share facts and advice for homebuyers seeking mortgages. How do mortgage rates now compare to last summer? Interest rates are 1.5 percent higher than a year ago, give or take. Is it wise to wait for rates to drop before purchasing a home? When rates come down, you can reduce your monthly payment and/or shorten your term. Sadly, for some first-home buyers, the higher rates reduce the house price they can afford and ...
9 Aug 2023 by Staff Writer
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on Jul 16, 2018