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Thriving cities in Utah’s housing market. Do I keep looking even during the housing shortage?

Thriving cities in Utah’s housing market. Do I keep looking even during the housing shortage?

by Third Party | Feb 21, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: ABC 4 —  As of today, Utah has a housing shortage of 44,500 units. Should you keep trying to get into a home? Ace Allack of People’s Home Equity, has served as President of Salt Lake Home Builders Association and has insight into what makes our market...
A New Bill Could Shield New Yorkers from Steep Rent Increases

A New Bill Could Shield New Yorkers from Steep Rent Increases

by Third Party | Feb 20, 2022 | Mortgage Information, News/Current Events

Source: Thrillist —  With New York City rent prices recently seeing their biggest increase in over a decade, many New Yorkers are looking for any way they can to save on rent. A new bill under consideration in the state legislature could provide help by setting...
Are Closing Costs Tax Deductible?

Are Closing Costs Tax Deductible?

by Third Party | Feb 19, 2022 | Mortgage Information, News/Current Events

Source: House Logic —  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...
Mortgage stimulus for homeowners in each state explained – can you get up to $80,000?

Mortgage stimulus for homeowners in each state explained – can you get up to $80,000?

by Third Party | Feb 19, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: The U.S. Sun —  The American Rescue Plan Act set aside stimulus money for states to help people at risk of losing their homes. This is known as the Homeowner Assistance Fund (HAF), which provides nearly $10 billion for states and other US territories....
Why mortgage rates just crossed 4%, and what you can do about it

Why mortgage rates just crossed 4%, and what you can do about it

by Third Party | Feb 17, 2022 | Mortgage Information, News/Current Events

Source: Bankrate —  In early 2021, mortgage rates blew through the 3 percent threshold. Now, with the coronavirus pandemic mostly under control but inflation raging out of control, rates have topped 4 percent. After hitting an all-time low in January 2021,...
The average size of a new mortgage just set a record, as home prices continue to climb

The average size of a new mortgage just set a record, as home prices continue to climb

by Third Party | Feb 16, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: CNBC —  Homebuyers are facing one of the priciest housing markets in history, and that means they need larger mortgages than ever before. While mortgage demand is falling, due to rising interest rates, the size of the average purchase loan application...
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