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Manhattan property values vs. Dow Jones average. How long will it last?
    
Did you know NYCMortgage.com has information and articles for home buyers specific to the NY, NJ, CT market? Learn here and get pre-qualified today with one of our lenders.
    
Consolidate debts, or make home improvements with a Home Equity Loan or a Home Equity Line of credit. Flexible access to your equity, when you need it.
    
Fed Meeting Ends With Rates Unchanged

The FOMC meeting concluded today with a statement that there would be no change to short term interest rates, citing mounting inflation concerns, despite a slowing economy.    This was widely anticipated by the markets and as a result there will be no change today’s mortgage rates.  Fed Meeting Ends With Rates Unchanged


Mortgage Rates Tick Up On July Employment Data

Mortgage rates will increase slightly today by about .125 to the points on mixed economic reports.   The Labor Department reproted that in July the unemployment rate was not as high as had been expected. This is good news for mortgage rates.  However, at the same time the number of job losses was lower than had been [...]


Mortgage Rates Up On Strong Reports

Bonds reversed course today, sinking as three pieces of economic data came in suggesting the economy is in better shape than thought.  First, Durable Goods Orders for June came in much stronger than had been expected, suggesting that the manufacturing sector is recovering.  Secondly,  University of Michigan’s Index of Consumer Sentiment for June came in [...]


 
    

New York Home Equity Loans : New York Home Equity

Using a home equity loan to gain financial flexibility is one of the most common financial strategies for New York Home owners.

New York Home Equity Loans

Many of us do have most of our net worth tied up in our homes. Although nobody wants to use up their equity, sometimes there are valid reasons for pulling out the equity rather than letting it just sit in the house. Do need to make improvements to your home?

Do you need to consolidate higher interest debts, such as credit cards?

Do you need to finance a one time large expense such as a child's tuition, a new car, or an unexpected medical bill?

Have you found yourself temporarily out of work?

All of these are valid reasons for using the equity stored in your home via a home equity. When taking out an equity loan it is not necessary to use all the equity. Rather, many people take out a Home equity line of Credit or (HELOC) and draw upon this line of credit only at the time the funds are needed.

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Our attempt is to provide our clients with up-to-date information on all current mortgage rates. The rates illustrated above are based on current market conditions for today, and are subject to change without notice.