Mega Millions!

This week Mega Millions topped One Billion Dollars. Inconceivable! Many years ago, I can well recall when a lucky lotto winner won 5 Million dollars and it seemed like so much! Of course, it was and is. However, the difference now is that when people were canvassed a few short years ago and asked what would they buy should they win, the answers were invariably “Oh I will be giving money to charities and then I will buy …..” To me, it seemed as if they wanted G-d to hear them and grant them their wish. What I am now hearing amongst those people canvassed on the nightly news is that they would purchase a home. I heard three people in a row mention that and I thought it interesting.

Yes, when mortgage rates were rising, inventory still low, purchasing a home seemed out of many people’s reach. However, the rates did drop recently, and a 30 year mortgage can be obtained in the 5.5 to 6.6% rate!!!! Not only that but I was approached by Justin from the First Republic Bank yesterday and he quoted to me a 30 year Fixed rate of 4.75% (with 20% Down ) and they would also allow a small lender’s credit towards closing costs of $4000. This applies to loans up to One Million Dollars, and obviously qualified buyers! It is also only applicable to certain areas, and guess what! 11 The Boulevard in New Rochelle’s Historic District falls into that category! Oh my goodness! Great news! This charming home is only $869,000!

There also happens to be an open house there tomorrow from 1-3 p.m. Please join me

New Rochelle is Great!

About Gay E. Rosen

Gay E. Rosen is a Top Realtor in the Larchmont and New Rochelle (Lower Westchester) area. She is diligent, caring, driven and thorough (with a sense of humor).Utilize her expertise. Call her!
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