Tag Archives: mortgages

Are Closing Costs Deductible?

Posted on February 16, 2022 by Meg Powers

The answer to whether closing costs are tax deductible — or mortgage interest and property taxes for that matter — is often maddeningly, “It depends.” Basically, you’ll want to itemize if you have deductions totaling more than the standard deduction, … Continue reading →

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Are Closing Costs Deductible?

What to Know About Credit before Buying a Home

Posted on September 3, 2021 by Debbie Prosser

Like it or not, your credit score is one of the most important numbers in your life, ranking up there with your Social Security number, date of birth, and wedding anniversary. This three-digit number is your financial report card, except … Continue reading →

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on What to Know About Credit before Buying a Home

Homeowners Say Tax Reform Would Hurt Them

Posted on December 13, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, December 13, 2017 A majority of recently surveyed homeowners say that changing homeownership tax incentives would restrict their mobility and cause them financial strain, according to new data from the National Association of REALTORS®’ … Continue reading →

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Homeowners Say Tax Reform Would Hurt Them

Mortgage Rates Stuck in Holding Pattern

Posted on September 29, 2017 by Debbie Prosser

Daily Real Estate News | Friday, September 29, 2017 The 30-year fixed-rate mortgage barely budged this week, staying well below the 4 percent mark. “Rates held relatively flat this week,” says Freddie Mac Chief Economist Sean Becketti. “The 10-year Treasury … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off on Mortgage Rates Stuck in Holding Pattern

HARP Extended Through 2018

Posted on August 23, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, August 23, 2017 The Federal Housing Finance Agency announced that it is extending HARP, a popular government refinancing program, through Dec. 31, 2018. The Home Affordable Refinance Program was to expire on Sept. 30. … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , | Comments Off on HARP Extended Through 2018

Mortgage Rates Aren’t Budging

Posted on August 4, 2017 by Debbie Prosser

Daily Real Estate News | Friday, August 04, 2017 Mortgage rates have mostly held steady the past few weeks, with the 30-year fixed-rate loan still averaging below 4 percent. “The 10-year Treasury yield was relatively flat this week, as was … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Mortgage Rates Aren’t Budging

Mortgage Rates Push Above 4% Average

Posted on July 14, 2017 by Debbie Prosser

Daily Real Estate News | Friday, July 14, 2017 Average mortgage rates are moving up, posting increases for the second consecutive week. “After fully absorbing the sharp increases in Treasury yields over the past couple of weeks, the 30-year mortgage … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , | Comments Off on Mortgage Rates Push Above 4% Average

Lower Rates Buoy Refis, Not New Mortgages

Posted on May 25, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, May 24, 2017 Lower mortgage rates are prompting homeowners to refinance, but applications for home purchases aren’t rising. The Mortgage Bankers Association reported on Wednesday that total mortgage applications—including for refinances and home purchases—rose … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Lower Rates Buoy Refis, Not New Mortgages

Closing Timelines Get Even Shorter

Posted on April 24, 2017 by Debbie Prosser

Daily Real Estate News | Monday, April 24, 2017 The average time to close on all home loan types dropped to 43 days in March—the quickest pace since February 2015, according to Ellie Mae’s Origination Insight Report. A year ago, … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , | Comments Off on Closing Timelines Get Even Shorter