Tag

mortgage interest

Year-End Tax Savings For Homeowners (Who Have a Mortgage & Itemize Deductions)

A $1 Tax Saved is $1 Earned (x $375?) [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  Please consult your CPA if you need tax advice.] With that disclaimer out of the way . . . let me...
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"Crying Wolf" on Interest Rates?

Still Low (For Now) For months (years?), Realtors have been warning prospective home Buyers that today’s low rates (still around 5% for those with excellent credit) won’t last much longer. That’s based on a number of potent economic factors: –Trillions in economic stimulus pumped into the economy by the Fed and its potentially inflationary impact;...
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What Are Mortgage Rates? Get Your Calculator

Blend of Two Variables Answering the question, “what are prevailing mortgage rates?” seems simple enough. After all, the answer should be “5%,” “5.25%,” or something similar, depending on one’s credit scores, and the mortgage product in question (fixed, 5 yr ARM, 10 yr. ARM, etc.). In practice, it’s a little more difficult, because rates are...
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