New York Mortgage News

With the holidays approaching, chances are many homeowners will find themselves wishing they had some wiggle room with their monthly bills.  One payment where they can likely find some relief is with their home loan.  While no one can predict how long mortgage rates are going to last, most people...

In a telling sign, applications for mortgage refinancing climbed 21 percent last week, while home loan purchase applications fell 8.5 percent according to NYDailyNews.com. "There are about 18.5 million households that should be in the hunt to refinance," says Mark Zandi, chief economist at Moody'...

Now is the best time refinance, there's no doubt about it. Mortgage rates are at historic lows. This has caused a surge in refinancing by New York homeowners. According to NYDailyNews.com, the number of refi applications has received rocketed more than 50% in the past month. Restrictions on quali...

French soccer star Thierry Henry has just bought a penthouse in New York City for  $9 million, reports NYDailyNews.com. The recently-signed New York Red Bulls star purchased a fancy five-floor, triple-bedroom suite that should help Henry feel right at home in his new city. The new pad features tw...

While historically low mortgage rates have caused a New York mortgage refinancing boom, the housing market is still slow. And now, mortgage rates are inching higher. "What's hurting the housing market right now isn't mortgage rates," said Michelle Girard, senior economist at the Royal Bank of Sco...

Ex-fan favorite Tiger Woods moved into his new apartment in downtown Manhattan over the weekend, Us Magazine reported. The move came less than a week after the golfer finalized his divorce from wife Elin Nordegren. Tiger reportedly also took out a $54 million loan to help fund his new bachelor-pa...

I always wonder why? Why? Why, what, you ask? Well, I think it's summed up in "why don't people do the things you think they should?" Since I'm a mortgage professional and I love helping people save money on their mortgage payments, my big question is why don't more folks in New York refinance th...

The marvelous Rhinebeck N.Y. estate where Former First Daughter Chelsea Clinton held her $3 million wedding is back on the market. The 50-acre wooded property features an indoor pool and clay tennis court, which makes this home a perfect fit as your multi-million dollar dream home. The estate's b...