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' I was a seller. Michael connected with me. He connects with people, period. . He gave me realistic listing prices, understood my time-line and ... more '
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Real Estate Blog
Latest Posts

Real Estate Blog
Wednesday, February 26 2014

Posted by: Michael Ardolino AT 08:55 am   |  Permalink   |  0 Comments  |  Email
Tuesday, February 25 2014

Source: The Wall Street Journal

Posted by: Michael Ardolino AT 12:35 pm   |  Permalink   |  0 Comments  |  Email
Friday, February 21 2014



Keep Current Matters polled consumers about their views on the housing market and the economy. What are you views, share with us.

Posted by: Michael Ardolino AT 08:37 am   |  Permalink   |  0 Comments  |  Email
Thursday, February 20 2014
Sneak Peek

Sneak peek of the Medical and Research Translation "MART" building and New Bed Tower, Stony Brook Medicine.

Click here to view the MART building video.
 

Posted by: Michael Ardolino AT 04:16 pm   |  Permalink   |  0 Comments  |  Email
Tuesday, February 18 2014

It is projected that if the Fed continues to cut back on bond purchases that long term mortgage rates would start to climb. Many experts felt that Janet Yellen, who replaced Ben Bernanke as Fed Chair, was going to be less inclined to continue tapering bond purchases at the level established.

However, in her testimony in front of the Financial Services Committee last week, Yellen made it quite clear that she will in fact continue the current pace of tapering:

“In December, the Committee judged that the cumulative progress toward maximum employment and the improvement in the outlook for labor market conditions warranted a modest reduction in the pace of purchases, from $45 billion to $40 billion per month of longer-term Treasury securities and from $40 billion to $35 billion per month of agency mortgage-backed securities. At its January meeting, the Committee decided to make additional reductions of the same magnitude. If incoming information broadly supports the Committee's expectation of ongoing improvement in labor market conditions and inflation moving back toward its longer-run objective, the Committee will likely reduce the pace of asset purchases in further measured steps at future meetings.”

What does that mean to a prospective purchaser? Currently, Freddie Mac’s 30 year rate is at 4.28%. Here are the projected interest rates for this time next year:


Source: Keeping Current Matters

Posted by: Michael Ardolino AT 04:14 pm   |  Permalink   |  Email
Saturday, February 15 2014

Posted by: Michael Ardolino AT 09:25 am   |  Permalink   |  0 Comments  |  Email

 

Michael Ardolino
Team Ardolino/Realty Connect USA
764 Route 25A
Setauket, NY 11733
Office: 631-941-4300
Direct: 631-941-6262
Fax: 631-675-1857
Email:
Michael@Ardolino.com 

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