History of Mortgage Interest Rates & Why We Shouldn’t Worry
As I write this in March 2018, interest rates are rising and may hit the 5 percent* mark this year. This trend is not slowing down and the days of 3 percent mortgage rates,
Trulia recently posted a blog, Not Your Father’s Housing Market, which examined home affordability over the last 40+ years (1975-2016). Their research revealed that:
“Nationally, homes are just about the most affordable they’ve been in the last 40 years… the median household could afford a home 1.5 times more expensive than the median home price.
Match Day is a term that is widely used in the medical community to represent the day when the National Resident Matching Program releases results to applicants pursuing residency and fellowship positions at hospitals and health systems around the country.
You may be ready to take the next step in your life and purchase your first home. You may even be ready to move on to a newer home. No matter the case, there are several things that you must do before you move into that beautiful new home.
Posted on Feb 27, 2018 in Financing
One of the questions we’ve been getting a lot from clients is “Is mortgage interest still tax deductible?” And the answer to that is absolutely yes. What has changed with the tax reform act that went through is the amount of standard deductions that someone will qualify for has increased,
Mortgage interest rates have risen by nearly one half percent thus far in 2018, most projections are for a five percent 30 year fixed rate by the end of the year and I personally would not be surprised to see it above that.