News & Information

Settled In

Settled In

The Manhattan Branch of Mortgage Master Inc. is officially in place and open! Now that we’ve settled into our new home, if you are in the area, please feel free to stop by and say hello! There’s unlimited coffee, water, and an excellent mortgage professional at your service. Please update your contact information for me […]


The Best Chances of Winning a Bidding War

The Best Chances of Winning a Bidding War

The tri-state real estate market is back, open houses are brimming and bidding wars are on. How do you equip yourself to have the best chance of winning a bidding war? Call or email me to get newly pre-approved. The crucial element to having the best chance of winning a bidding war is a recent pre-approval […]


Playgrounds with Sprinklers

Playgrounds with Sprinklers

If it’s hot and over 80 degrees, the sprinklers will be on in all city parks, some of the best include; – American Museum of Natural History – Arthur Ross Terrace, on the north side of the Museum, next to the Planetarium. Good for all kids, but gentle enough for toddlers and small kids. – […]


Summertime Info to Beat the Heat

Summertime Info to Beat the Heat

The Current Climate While still at historical lows, mortgage rates have been rising along with the temperatures of late. Nonetheless, compared with rates touching 18%/19% in the ’80’s, the rates right now are looking pretty good. Refinancing For anyone thinking about refinancing, it is important to consider how long you may keep a particular house […]


How Recent Rate Movement Could Affect You

How Recent Rate Movement Could Affect You

We’ve recently seen a rapid rise of mortgage rates over the past month, accelerated last week by the Fed’s announcement that they are going to begin a “scale back” of bond purchases later this year. In the past, to boost the economy, the Fed began buying huge amounts of mortgage back securities, keeping rates at […]


Moved to a New Company!

Moved to a New Company!

I’ve moved to a new company­­! Mortgage Master, Inc. Mortgage Master, Inc., is one of the leading mortgage lenders in the country. In 2012 Mortgage Master originated more than 7.3 billion in originations and employed over 700 quality individuals. I’m excited to join this team of outstanding professionals because they have built their business on […]


The Economic Calendar

The Economic Calendar

This week has a packed economic calendar with several points of interest. Among some of the most important are; the Fed’s latest meeting announcement this afternoon, the report on the international trade gap tomorrow, and information on the current employment situation Friday morning at 8:30am EST. As a point of reference, the government sets targets […]


Bad News Makes for Good Rates

Bad News Makes for Good Rates

What impacts the market rates available to consumers can vary widely, from unemployment numbers to events outside of the US. I watch all of these closely to determine when is the best time to lock in. A couple recent examples of events that meant an improvement in rates: – Unemployment numbers came in higher than […]


Start Your Spring Off Right

Start Your Spring Off Right

With Spring in sight, I look forward to warmer temperatures, but not so much the tax deadlines. It is important to get finances in order at this time of year, as much as we all want to avoid it. The quickest way to find out how much financing you qualify for now or in the […]


Pick my brain

Pick my brain

I hope that your new year has started off well, warm and healthy. Early in the year is when a lot of people take a look at personal finances, particularly with tax filings on the horizon. Please think of me when you need any information concerning real estate and mortgages. > Feel free to reach […]


Warmest Wishes this Holiday Season!

Warmest Wishes this Holiday Season!

From my family to yours, wishing you all the best this holiday season! Best, Jim Forward on this infoShareEmailFacebookPrint


After the Storm

I hope everyone is safe after last week’s storm and yesterday’s snow. I am grateful that my family was spared any damage or injury. My warmest thoughts go out to those impacted. As far as mortgages go, information has been coming in from lenders as to how they will be handling appraisals, rate locks and […]


Take Advantage of the Strengthening Market While Rates Stay Low

Take Advantage of the Strengthening Market While Rates Stay Low

Across the country, there is an abundance of evidence showing the returning strength of the housing market. According to a recent Federal Reserve survey, stronger housing markets helped boost economic growth at the end of the summer in nearly every region of the United States. Additionally, U.S. foreclosure activity hit a five year low in September […]


Initiate a Strong Strategy

Initiate a Strong Strategy

It has never been more important to be recently prequalified by someone you trust. In the past couple of years, as mortgage rates have been hovering at historic lows, home prices and rents around the New York Tri-State area have been consistently rising. Even with the Fed’s announcement last week of more stimulus to grow […]


Important Fact about Lowering Mortgage Payments

Important Fact about Lowering Mortgage Payments

There is no specific percentage amount that a mortgage interest rate needs to change in order for refinancing to be advantageous. In other words, a mortgage interest rate does not need to go down a full point or any specific amount for refinancing to make sense, instead it all comes down to how much will […]


New Historically Low Rate

New Historically Low Rate

Mortgage rates continue to move and the economy has been slow to pick up, but we just hit a new milestone. Last week the national average for the 30 year fixed rate mortgage fell to its lowest level in the 3.5% range.  Rates have been low so far this summer and pundits continue to question […]


Vital to Remember for Current Mortgage Process

Vital to Remember for Current Mortgage Process

With Summer now upon us, the real estate market in New York City has really picked up. My colleagues in the industry around town have seen a spike in attendees to open houses, multiple offers being made, and a lot more activity than even just three months ago. Rents in NYC have been continuously increasing and people are looking […]


When Does it Make Sense to Refinance?

When Does it Make Sense to Refinance?

Rates are currently at historically low levels. How long will rates stay this low? There is no exact answer to that. Rates have continued to stay at these low levels for several reasons, including, but not limited to, focused ongoing investment in “safe” securities (like bonds), and the continued uncertainty of the European debt crisis. […]


Market Update – Disappointing Economic News, No Effect on Rates

Market Update - Disappointing Economic News, No Effect on Rates

In a market looking for positive economic momentum, this past week’s data provided little positivity. Almost every financial measure announced reflected a slowdown in the rate of economic growth, with manufacturing activity growth seeing the biggest drop. Retail Sales growth slowed from last month and Industrial Production showed no growth for the second month in […]


Happy Spring!

Happy Spring!

The winter has finally passed, Happy Spring! For those of you celebrating Passover and Easter this week, may it be filled with family, fond memories and the best of times! Sincerely, Jim Forward on this infoShareEmailFacebookPrint


What’s Behind the Recent Move in Rates

What's Behind the Recent Move in Rates

Mortgage rates quickly turned following the release of last Tuesday’s announcement (3/13/12) by the Federal Reserve. Then following the release of mixed economic data over the next few days, mortgage rates ended last week significantly higher. While this Fed announcement was very similar to its last statement, it reflected some degree of improvement in the […]


Potentially Lower Your Property Taxes Now

Potentially Lower Your Property Taxes Now

Potentially lowering your property taxes comes down to one question, is the amount I am paying in property taxes accurately reflected in the current value of my house, condo or coop? If you have recently gone through a refinance or purchase with property taxes escrowed, and the value on the property appraisal came in lower […]


Why Rates May Inch Up Soon

Why Rates May Inch Up Soon

There are continuing concerns over Europe’s financial situation that have helped mortgage rates stay down lately. However, new extensions to payroll tax reductions and new GSE fees (government sponsored entity, i.e. Fannie Mae and Freddie Mac) could push these rates higher. The European “debt crisis” is still in the spotlight and consistently negative. Growth in […]


Happy 2012

Happy 2012

May 2012 be filled with the success, happiness, joy, love, peace, cheer and good health you deserve! If your New Year goals include buying a new home or refinancing the one you have, know that I will be here to help you along the way. Happy New Year to you and your family! Jim Forward […]