The Real deal-Mortgage rates are going up!
by jimmyturano
 Real Deal-Mortgage rates going up
Jul 28, 2015 | 54 views | 0 0 comments | 2 2 recommendations | email to a friend | print | permalink

As I stated last October 2014, the next year, twelve months will be the last time you see low mortgage rates.

Real Estate-by 37 year veteran Real Estate Broker-Jim Turano

Article: Forbes Magazine-by Bill Conerly confirms what I have been saying. read between the lines. Beginning this August expect rates to begin their journey upward for next two years.

Update: I added a comment on the Fed’s March 18 monetary policy statement, indicating a stronger case for an August tightening than this article indicates.

Interest rates are headed up, but at a fairly mild pace. The Federal Reserve will start pushing short-term rates up this summer, probably in June. Long-term rates will rise also, thanks to global demand for credit rising faster than global savings.

The Fed’s upcoming tightening decision puzzles many people, because current inflation is very low. The Fed’s goal is for their favorite inflation gauge, the personal consumption price index excluding food and energy, to rise by two percent annually. It’s currently at 1.5 percent.

Buyers waiting enjoying vacations thinking when they get to it they will buy a home.

See yourself on a mortgage calculator how much more your mortgage payments would be if you got a 500,000 dollar mortgage at 4.5% instead of 3.5%.

IF YOU ARE QUALIFIED AND HAVE NOT PURCHASED A HOME YET, RUN TO THE NEXT OPEN HOUSES BEFORE YOU LITTERALLY GET SQUEEZED OUT OF THE REAL ESTATE MARKET! 

Jim Turano/Broker-Diverse Real Estate, Middle Village,NY

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Real Deal-Mortgage rates going up by jimmyturano
Buy now while rates are low!
Jul 28, 2015 | 4 views | 0 0 comments | 0 0 recommendations | email to a friend | print | permalink

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The Real deal-Mortgage rates are going up!
by jimmyturano
Jul 28, 2015 | 54 views | 0 0 comments | 2 2 recommendations | email to a friend | print | permalink

As I stated last October 2014, the next year, twelve months will be the last time you see low mortgage rates.

Real Estate-by 37 year veteran Real Estate Broker-Jim Turano

Article: Forbes Magazine-by Bill Conerly confirms what I have been saying. read between the lines. Beginning this August expect rates to begin their journey upward for next two years.

Update: I added a comment on the Fed’s March 18 monetary policy statement, indicating a stronger case for an August tightening than this article indicates.

Interest rates are headed up, but at a fairly mild pace. The Federal Reserve will start pushing short-term rates up this summer, probably in June. Long-term rates will rise also, thanks to global demand for credit rising faster than global savings.

The Fed’s upcoming tightening decision puzzles many people, because current inflation is very low. The Fed’s goal is for their favorite inflation gauge, the personal consumption price index excluding food and energy, to rise by two percent annually. It’s currently at 1.5 percent.

Buyers waiting enjoying vacations thinking when they get to it they will buy a home.

See yourself on a mortgage calculator how much more your mortgage payments would be if you got a 500,000 dollar mortgage at 4.5% instead of 3.5%.

IF YOU ARE QUALIFIED AND HAVE NOT PURCHASED A HOME YET, RUN TO THE NEXT OPEN HOUSES BEFORE YOU LITTERALLY GET SQUEEZED OUT OF THE REAL ESTATE MARKET! 

Jim Turano/Broker-Diverse Real Estate, Middle Village,NY

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The NYPD K9 unit visited the club as part of the camp.
The NYPD K9 unit visited the club as part of the camp.
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ZAC Camp comes to Variety Boys & Girls Club for 2nd year
by Holly Bieler
Jul 28, 2015 | 52 views | 0 0 comments | 0 0 recommendations | email to a friend | print
The NYPD K9 unit visited the club as part of the camp.
The NYPD K9 unit visited the club as part of the camp.
slideshow
The Variety Boys & Girls Club of Queens kicked off its 2nd year of ZAC Camp this week, a water-safety program that utilizes classroom curriculum and hands-on lessons to teach five to nine-year-old club members the importance of being safe near water and arm them with swimming skills. Run by the ZAC Foundation, a non-profit water safety advocacy and education foundation, camp participants and organizers said they were excited to see the camp returning for a second year after what was an extremely successful inaugural program. “Last year was phenomenal,” said Blair Trunzo, executive director of the Variety Boys & Girls Club. “And this year’s only going to get better. We’re going to blow it out of the water.” Opal McCalla, director of Operations for the club, said plans to run the camp at the site began last year after staffers realized an aspect was missing from their popular aquatics program. “Our lifeguards are extremely talented and well trained, but we realized there was a whole piece of the water safety component that was missing,” she said. “Until ZAC, we didn’t really grasp the concept that aside from drowning, there are other dangers associated with being in the pool.” This education is a core tenet of the foundation, which was established in 2008 by Karen and Brian Cohn after their six-year-old son Zachary died when he became entrapped in the suction of a swimming pool drain. With many unaware of the dangers of pool drains, and drowning the leading cause of death for children under four years old, the foundation aims to educate families about the precautions to take near water, which aren’t always so obvious. Utilizing hands-on learning as well as its own book, The Polar Bear Who Couldn’t, Wouldn’t Swim, over the course of four days the ZAC Camp teaches children how to safely approach bodies of water, namely by utilizing ABCD: A for staying near adults, B for erecting barriers such as fences, C for taking swimming classes, and D for being cognizant of drains. At the camp’s opening ceremony on Monday, many students who participated last year still remembered the acronym, enthusiastically yelling out what each letter meant. McCalla said this was an indication of just how resonant last year’s camp had been, something she had witnessed throughout the year. “They retain that information,” she said. “You can see them checking to see where the drains are when they get into the pool, asking those important questions.” This year, the foundation will hold camps in 20 select Boys & Girls Clubs throughout the nation. Cheryl Green Rosario, executive director of the ZAC Foundation, said holding the camp at the Astoria chapter was a no-brainer. “[This location] gives us the ability to reach a diverse group of kids,” she said. “It has the leadership and staff and a great pool on site.” This year’s camp, whose membership swelled this year to about 100 students, will also include daily presentations from visitors such as the NYPD K9 unit and the FDNY, among others. As ZAC campers took to classrooms and jumped into the pool on the camp’s first day, Trunzo said the knowledge the 100 campers accrued over the four days would have repercussions far beyond the walls of the Boys & Girls Club. “One of the best things is seeing kids progress in their ability to swim,” he said. “This is knowledge they’re going to be able to take to any pool.”
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Protestors outside the Sunset Park branch.
Protestors outside the Sunset Park branch.
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