Mixed Signals for Housing Market, Part 1

Whether you are an optimist or a pessimist about the housing market there is plenty of data available to support your position.  During my search for what to write about today I came across a number of articles supporting a recovery in the housing market and an equal number of articles suggesting we aren’t out of […]

Mortgage Interest Deduction On Its Way Out?

  It appears that ending the mortgage interest tax deduction is being discussed in Washington as a way to reduce the budget deficit.  The mortgage interest deduction allows homeowners to lower tax bills by deducting interest on home mortgages from their taxable income. Interest on up to $1 million in mortgages on first and second […]

Mortgage Rates Below 4%

   Bloomberg is reporting the average rate for a 30 year mortgage has dropped below 4%. That is the lowest rate ever recorded by Freddie Mac whose records date back to 1971. I can remember thinking back in the late 90’s and early 2000’s when I was a loan officer that anything below 6% was amazing. […]