Avenue Mortgage, LLC

NMLS #1115220

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New York Penthouse Sells For $238 Million – Is This A Real Estate Bubble About To Burst?

August 7, 2019 by Kay Monigold

The most expensive home sold in America, so far, was a New York penthouse that sold for $238 million in January 2019. It is on the top of a building that overlooks Central Park. The 26-story luxury condo building designed by Robert A. M Stern is nearly all sold out.

Filed Under: Real Estate Tagged With: Market Outlook, Market Trends, Real Estate

Fed Lowers Key Interest Rate For First Time Since Great Recession

August 6, 2019 by Kay Monigold

The Federal Open Market Committee of the Federal Reserve announced the first rate cut to its key interest rate range since the Great Recession ushered in a series of rate cuts described as "quantitative easing." The Fed committee confirmed a quarter-point cut to 2.00 to 2.25 percent.

Filed Under: Federal Reserve Tagged With: Fed, FOMC, Interest Rates

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Our Team

Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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Tyler, TX 75703
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