This holiday season has brought good news for anyone looking to buy a house or refinance a mortgage. According to the latest data released last Thursday by Freddie Mac, the 30-year fixed-rate average dipped to 4.55% with an average 0.5 point. (Points are fees paid to a lender equal to 1% of the loan amount.) It was […]
Trump Tax Proposal Impact on Homeowners
Analysts are examining who will benefit from the President’s Tax Reform proposal. Treasury Secretary Steven Mnuchin (right) said the plan will eliminate all personal tax deductions other than the mortgage interest deduction and charitable contributions. The tax plan would reduce individual and corporate income tax rates, from 35% to 15%, and repeal state and local […]