• A compilation of timely information regarding matters of interest to homeowners, buyers and sellers of real estate in Dobbs Ferry, the Rivertowns and the Westchester County, NY area in general.

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  • August 2011
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  • Scott’s Recent Sales

    Your Property Could Be Next

  • Park Hill Terr, Dobbs Ferry SOLD!

  • Belden Ave, Dobbs Ferry SOLD!

  • Secor Road, Hartsdale SOLD!

  • Draper Lane, Dobbs Ferry SOLD!

  • Virginia Ave, Dobbs Ferry SOLD!

  • Division Street, Hastings SOLD!

  • Crescent Ln, Dobbs Ferry SOLD!

  • Alkamont Ave, Scarsdale SOLD!

  • Temple Rd, Dobbs Ferry SOLD!

  • 17 Kent Avenue, Hastings SOLD!

Mortgage Rates Lowest in 50 Years

Mortgage rates for buyers in the Rivertowns and the rest of the country are at the lowest point they have been in the past 50 years. That is a staggering observation and something that should be taken seriously by any first time homebuyers or those considering moving up to a larger home or downsizing. With rates this low and prices some 30% off their pre-2008 levels, one would be hard pressed to find a better time to purchase real estate. The current rate for a fixed 30 year mortgage with no points is 4.15%. 15 year fixed rate products averaged 3.36% and 5 year hybrid ARM’s averaged 3.08%. Read more at:
http://www.marketwatch.com/story/mortgage-rates-hit-record-lows-freddie-mac-2011-08-18?reflink=MW_GoogleNews

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