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And less cash in home buying and lender underwriting. Weve talked a lot about some loosening in the market. More adjustable rate loans and even interestonly loans coming back. Freddie mac made some changes when it comes to student low debt as well. That should give branks and nonbank lenders a boost in earnings for the year. We actually have more housing data out today. Mortgage makeses edging up ever so slightly 0. 1 last week but existing home sales, thats where i really want to focus in on because they came in quite strong. Right . Yes, mandy. Were seeing healthier sales in june. Prices, not so much. Sales gained a larger than expected 3. 2 in june for the month, up 9. 6 for the year. Thats the strongest monthly pace in over eight years. But they came at a very high price. The median existing home price hit 236,400. Thats the highest ever. It is due to tight supply up less than half a percentage point from a year ago, just 2. 3 million homes for sale. It is also due to more expensiv ....
Im Shirleen Allicot in for lori stokes. Today i go wednesday, all 3rd. Bill evans is here with the exclusive forecast. We are kicking off the doug days of august. We will talk about interesting weather this week. But todays monday, hot and humid weather continues. We look at a temperature of 70 across the area. Parts of the area low 70s. Central park mid70s to 77 and we like 70s. Hanover 61. Its not so warm up in the suburbs. 73 out to the hamptons and Shelter Island and Northern Branch on long island, the far east end. Hiding 90 today. Like 95. The week. It is. Into the 70s. We will talk about that in the Heather Orourke is here. Yes, i am. How was your weekend . It was great. I cant tell you. I was on a secret mission. I figured you were. Maybe i can get infor ....
Big wind gusts so far this morning. 50 Miles Per Hour in lading. 30 islip. Thunderstorm warning for the eastern end of long island, east hampton, montauk, riverhead eastward the thunderstorms are spreading. They are down around southold to plumb to Fishers Island out to new london. There is another band through right now. Northern jersey, rockland, westchester to philly, you need your rain gear the next half hour. Then a steam bath. Heather is looking at the commute. How is that going . Not well for long island commuters. We head to the commute, a tree fell, downed wires, this is near stony brook. Something to keep in mind if you use the Port Jefferson branch. New Jersey Transit on or close, Metro North Wate ....
Thank you for joining us, im ken rosato, and you are never more than 7 minutes away from weather and traffic. Good morning everybody. Happy friday. If youre about to head out the door, grab your umbrella. You are going to need that. We have rain across the area, we have temperatures in the upper 70s. Its a morning where we start out with a muggy morning out here and a morning where were looking at whats going to be these showers and thunderstorms. 76 right now and passing through the area, its muggy. Were looking at the line from kingston to poughkeepsie down the toms river. Western jersey is shower free now and so is manhattan. Theres a little shower coming across Staten Island heading towards brooklyn and queens. Theres showers and thunderstorms up there at newburgh, and those are heavy along 84 and 87 and back to our west, drier, cooler air for tomorrow, which will be delightful. Well talk about that coming up in just a moment. ....