Fed Cuts Rates, More To Follow, What Rate Cuts Mean For Mortgages, Mandatory Composting Arrives In NYC: What Landlords Need To Know

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Fed Cuts Rates, More To Follow

The Federal Reserve cut interest rates last week by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their war against inflation and are turning their attention to protecting the job market. Chairman Powell said, "We made a good, strong start to this, and that is frankly a sign of our confid-ence, confidence that inflation is coming down. (Full Story)

What Rate Cuts Mean For Mortgages

The average interest rate for a standard 30-year fixed mortgage is 6.17% today, a decrease of -0.13% compared to one week ago. The average rate for a 15-year fixed mortgage is 5.44%, which is a decrease of -0.16% since last week. We can get you an even better rate with our connections too. Because of this, we will likely see a huge rush of buyers coming into the market. Our advice? Buy now to beat the rush! (Full Story)

Mandatory Composting Arrives In NYC: What Landlords Need To Know

New York’s quest to implement the largest composting program in the U.S. will take a big step forward on Oct. 6, when all residential buildings in Manhattan, the Bronx and Staten Island will be required to separate food scraps from other garbage each week in curbside bins.

(Read More)

Team News

Team Vacations

On the Martin Eiden Team, we work hard so we can play hard. Last week, many MET members were taking some time off to recharge, reset, and get ready for the Fall Market. Ramzis and Kliment went to Patagonia, Jarod and his wife Sara to Yosemite, and Alex visited San Miguel de Allende. A great time for a great team! See more on our Instagram page.

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Fed Cuts Rates, More To Follow, What Rate Cuts Mean For Mortgages, Mandatory Composting Arrives In NYC: What Landlords Need To Know

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