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Over 60 Years In Queens County

Thank you so much for all your help. You are a true God send and I feel blessed for having your assistance. Wishing you and your family well wishes and a Happy New Year too!

Thank you for “services rendered” to my complete satisfaction. On that note, a special thank you to Judy Ramirez and Veronica Fuentes for their many contributions. With your knowledge and experience...

Thank you for doing such a great job representing my son on the purchase of his condo. As I am sure you could tell, he was very nervous about the whole thing, been waiting for the other shoe to...

On behalf of the family of the Estate of Marlene U., I would like to express my sincere gratitude to the law firm of Futterman, Sirotkin & Seinfeld, LLP for its unwavering commitment...

I feel blessed that somehow your firm in and my life crossed because the result is the quality of my mother’s life in respect to current and future needs is secure …

Dear Martin and Ira, thank you so much for working so hard on my case for so many years. My life changed 10 years ago when this occurred. I'm glad this chapter of my life has closed.

Just wanted to express how happy I am with your firm. I have known you for over 15 years starting with the purchase of my first home and when I continued utilizing your services when...

Words can not fully express how grateful and impressed I am with your outstanding services. Working with you and your staff not only made me feel comfortable and reassured but ...

I wanted to express my sincere gratitude for your efforts over the last two years regarding my case. Your attention to the details surrounding-my case was second to none...

Me sentir bien comoda con mi dos abogados, el Sr. Martin y el Sr. Futterman, que me trataron mi caso con mucha delicadeza y puecieron mucho tiempo en mi case

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Is now the right time to buy a home?

Owning your own home in Queens is part-and-parcel of the American dream. Yet buying a home always has been (and continues to be) a very complex process. Dealing with those complexities may intimidate many to the point of not even wanting to buy unless market conditions are favorable. How can you tell when they are? It may seem difficult, but paying attention to interest rate forecasts may serve as a predictor of when it is best to buy. If current forecasts are to be believed, now may be the time to buy a home before higher rates (combined with other factors) make it even more difficult to do so. 

Business Insider recently published information from the Mortgage Bankers Association which show interest rates on mortgages to be the highest they have been in seven years. Listed below are the current rates on common mortgage packages: 

  • 30-year fixed-rate with conforming loan balances backed by Fannie May and Freddie Mac (with 20 percent down): 4.64 percent
  • 30-year fixed-rate backed by the FHA (with 20 percent down): 4.58 percent
  • 15-year fixed-rate (with 20 percent down): 4.02 percent

Experts predict that further rate hikes by the federal government could push rates to close to 6 percent by the end of the year. 

Increases in home prices have been witnessed in conjunction with decreases in overall sales being reported by the real estate industry. Those looking to sell might soon be deterred from doing so due to the new tax law removing some of the benefits of homeownership (those who currently own homes retain those benefits from being grandfathered in). Rising mortgage rates might also mean that they will not be able to afford as much house as they would like. Knowing this, you may want to quickly jump on home buying opportunities before conditions cause them to become less and less. 

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