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Updated Interest Rates

30-year fixed	4.87%
15-year fixed	4.20%
1-year ARM	3.22%

News

Harvard Study Should Boost Stock In Housing Market
by Broderick Perkins - Realtytimes.com

Ken Browne initially balked at buying a second home investment property in Manhattan, concerned that a repeat of the 1980s downturn in Hartford, CT would put him in another overpriced market ready to go bust.
After input from real estate market experts and conceding "there is no crystal ball" he felt comfortable that market conditions are in his favor and decided to go for the deal.
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New York shows remarkable resilience in aftermath of terrorist attacks - Naples Daily News Business

[...] Three years after the terrorist attacks of Sept. 11, economists have pieced together a reasonably good picture of their effect on New York City's economy. That picture is one of remarkable resilience. [...]
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New York City 717 Fifth Ave. Sale Closes - Globest.com

The anticipated $353-million sale of 717 Fifth Ave. closed with Equity Office taking the 380,796-sf tower’s office [...]
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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All square footage and dimensions are approximate. For exact dimensions, you must hire your own architect or engineer. powered by OLR