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Mortgage rates fall for the second week in a row

Mortgage rates fall for the second week in a row

by | Nov 26, 2022

Source: CNN --- Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61% the week before, according to Freddie Mac. A year ago, the...

Mortgage demand rises 2.2% as interest rates decline slightly

Mortgage demand rises 2.2% as interest rates decline slightly

by | Nov 26, 2022

Source: CNBC --- Mortgage applications rose 2.2% last week compared with the previous week, prompted by a slight decline in interest rates, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinance applications, which are usually most...

A New Bill Could Shield New Yorkers from Steep Rent Increases

A New Bill Could Shield New Yorkers from Steep Rent Increases

by | Feb 20, 2022

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 rent...

Are Closing Costs Tax Deductible?

Are Closing Costs Tax Deductible?

by | Feb 19, 2022

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 totaling more than the standard...

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