May 2010

Mortgage Rates at New Lows, Thanks to Europe's Debt Crisis

Richard Benedetto

Tuesday, May 25th, 2010 at 12:13pm. 840 Views, 0 Comments.

  On Monday May 24, 2010, 12:44 pm EDT

Here's some good news for the struggling US housing market: Thanks to the European debt crisis, mortgage rates are at historic lows.

The current average rate for a 30 year fixed loan is 4.87 percent, according to Bankrate.com. That's the lowest rate for the 30 years since Bankrate started keeping track 25 years ago.

Even jumbo loan rates-loans for more than $417,000-have fallen. The 30-year fixed jumbo loan is at an average rate of 4.5 percent, down from nearly 6 percent at this time last year.

"It's the best time in our generation to buy," says Mark Zandi, chief economist at Moody's. "It may be the best time in any generation. Mortgage rates are so low and with homes prices down and lots of inventory, you…

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Petition To Dissolve Lakewood NY Successful

Richard Benedetto

Tuesday, May 25th, 2010 at 11:48am. 2569 Views, 6 Comments.

LAKEWOOD - Around 300 people in the village of Lakewood are prepared to vote for dissolution.

On Wednesday, Dr. Rudy Mueller, Merge And Lower Taxes Committee member, Democratic county legislator and Lakewood resident, told The Post-Journal that the committee - with both residents of Busti and Lakewood - has gathered enough signatures on its petition to put the issue of dissolving Lakewood up for a public referendum vote.

The committee formed about a year ago to look into the idea of consolidating the village and the town. At the same time last year, the Lakewood Village Board formed its own committee of village residents to also look into the possibility of merging the two municipalities.

Mueller said the committee is preparing the signatures to…

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Celeron NY Ribfest at Beautiful Chautauqua Lake June 9,10,11,12th 2010

Richard Benedetto

Sunday, May 9th, 2010 at 8:02pm. 4199 Views, 0 Comments.

Best Rib Cooking Teams                                                   

3 National Touring Rib Cooking Teams joined by local teams, Bulldog Barbeque and The Hog Wild Barbeque Co. serving the best in BBQ cuisine

Kid Zone                                                                            

We have not forgotten the children. We plan an expansive, larger than last year, where kids can ride all the rides for one low price. Kids of any age can get their face painted by a classic artist and can make their own special rainbow pixie candy stick. Bring the kids, come early and stay late.

Beer Tent & Wine Tasting.                                                                                  

Enjoy a stroll through Lucille Ball Memorial Park and…

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Bemus Point Surf Club to reopen May 27th 2010

Richard Benedetto

Monday, May 3rd, 2010 at 5:58pm. 2093 Views, 6 Comments.

BEMUS POINT - A new Surf Club is expected to open May 27.

Mayor Bryan Dahlberg said representatives who will be taking over the club have discussed their plans with him.

"We're just tickled," said Bemus Point Mayor Bryan Dahlberg. "We're extremely excited to have that building occupied."

Although some of the partners in the plan wish to remain anonymous, Niagara Falls restauranteur Jeff Taylor will be general manager as well as one of the Surf Club's owners, and Jamestown's John Frey, a Buffalo restauranteur and another Jamestown financial backer will all play a part in the Surf Club.

Frey could not be reached for comment Thursday.

"It's a good opportunity," said Taylor, who said it was "heart-breaking" to many that the Surf Club sat empty last…

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