Hi Friends, hope all is well! This month we wanted to share a few cool things specifically relevant to NYC homebuyers. First, an article on how to make a budget that fits your money personality. You can find out your money personality using the quiz in the article. Not everyone is good at budgeting, but it is such an important skill, especially when you’re preparing to buy a property. Second, we wanted to share some details with you about the NYSAR First Time Home Buyer Grant. And lastly, we wanted to share the news with you that the average 30 year fixed rate mortgage is now officially over 4%. Most of the pre-approvals we’ve been seeing recently actually have rates between 4-4.25%. A lot of good info, take a look and let us know what you think. 

As always, if you have any questions, need any advice, or are curious how the market is right now, feel free to reach out anytime 🙂

How to Make a Budget that fits your Money Personality


What kind of money personality do you have? Are you a Spender, Saver, Earner, Ostrich, or Sharer? Find out in this article. There’s a cool quiz here which will let you know what money personality you have. Then, it gives tips and ideas for the best budget that fits your personality. Pretty cool, and definitely a good exercise to do with your spouse or partner 🙂 

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NYSAR First Time Homebuyer Grant


NYSAR stands for New York State Association of Realtors. It is our state board and one of the things that they offer is a first time home buyer grant via their Housing Opportunities Foundation. It is a charitable foundation with the goal of assisting individuals in becoming homeowners. Applications are submitted online and you are notified of approval or denial by the following month. One of the requirements to qualify is that you must work with a NYSAR agent but lucky for you, our whole team are NYSAR members 🙂 

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Mortgage Rates now over 4%


After the first fed rate hike this week, the average 30 year fixed rate mortgage jumped to 4.16% from 3.85%. “The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year,” said Sam Khater, Freddie Mac’s chief economist. “While home purchase demand has moderated, it remains competitive due to low existing inventory, suggesting high housing price pressures will continue during the spring home-buying season.” Earlier today, the chief economist for NAR stated that he thinks many first time buyers will get priced out in the second half of the year. Sounds reasonable given the high prices and now higher mortgage rates. What do you think? 

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Well, that’s it for this month. Thanks for reading and for staying connected. As always, if you have any questions, need any advice, or could use some recommendations, please don’t hesitate to reach out! 

© Brooklyn Home Team at Keller Williams Realty Landmark II

9201 4th Ave, Brooklyn, NY 11209