Many of you may have already heard but just in case you haven’t, the Fed. raised the prime rate today by .25%. Right now the prime rate is 3.75%. While this rate doesn’t necessary have a direct effect on mortgage interest rates , the Fed. also said they anticipated the prime rate to increase at least 3 more times in 2017. This statement did have an impact on rates today and mortgage rates increased slightly.
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With the construction of Hudson Yards, more employment means more housing needs! With the commute being just as quick in Edgewater than the Bronx, commuters are seeking housing here along the