Mortgage Rates Move Higher

Mortgage Rates Move Higher For Second Consecutive Week

MCLEAN, VA–(Marketwired – Jan 18, 2018) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates rising for the second consecutive week.

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Death and Taxes

Death And The Stepped-Up Basis

By BENNY L. KASS

January 18

Question. My wife and I are retired and are in our seventies. We have two children, and our house is currently worth approximately $300,000. We purchased the property many years ago for $32,000, and currently have a very small mortgage and a $40,000 home equity loan. We are debating on whether to sell the house and take the up-to-$500,000 exclusion of gain, or to let our children inherit the house when we pass on.

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Tax Code effect on home equity loans

Did the tax code overhaul kill home equity loans?

By Kenneth Harney

January 17

It’s a big and confusing question for many homeowners in the wake of the December tax law changes: Are new interest-deductible home equity credit lines (HELOCs) and second mortgages now totally out of reach going forward?

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Creative Loans – Better Options

Is A Creative Loan Option Best For First-Time Buyers?
By Jaymi Naciri
January 17
If you’re in the market to buy a home and, especially, if it’s your first home, you’ve probably heard A TON about conventional and FHA loans. But just like you’re not like anyone else, your financial situation may not be either. The truth is that while you may think you need to go with one of these expected loans, it could be that there are far better options out there to meet your needs. This is especially true if you’re having a hard time coming up with a down payment, have a lower credit score, are still paying off student loans, or are continually getting priced out of your desired neighborhoods. These options are all worth mentioning to your lender as you discuss your home purchase.

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Improve Your Home-Buying Odds in 2018

5 New Year’s Resolutions That Can Help You Buy a Home in 2018

By ALEXA FIANDER

January 9

New year, new home? Whip your financial resume into shape to improve your home-buying odds.

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How to Sell a House with Fire Damage

Selling a House With Fire Damage? How to Do It and Not Get Burned

By Julie Ryan Evans | Jan 9, 2018

Selling a house with fire damage? Unfortunately, it’s a situation many homeowners face.

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Home Buyers Beware of “Green” Claims

How buyers can guard themselves from ‘greenwashing’

By Kenneth Harney

January 10

This is an update of a column that appeared in July 2016.

The practice is called “greenwashing,” and home shoppers need to be on guard: It means a house is being marketed as environmentally friendly and energy-saving when it doesn’t really deserve that description.

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Does It Makes Sense To Buy A New House Before Selling The Old One?

By Edward Brown

December 28

You’re interested in moving. You need to sell your old house first before buying a new one, right? After all, you don’t have enough of a down payment for the new house without selling the old one, and you are pretty certain your bank will not qualify you for two mortgages.

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Off-Market Real Estate Investments

An Inside Look At Off-Market Real Estate Investments

By Ray Pressley

December 28

Many investors recognize the advantages of off-market real estate over listed properties, for a number of reasons. I have dealt with off-market sales for over six years and eventuallybuilt an online marketplace around private offerings, so I’ve heard every question and answer you can imagine. Let’s take a look at some of the specifics of what separates listed and private real estate deals.

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Pending Home Sales up .2 % in November

Pending Home Sales Inch Up 0.2 Percent in November

WASHINGTON (December 27, 2017) – Pending home sales were mostly unmoved in November, but did squeak out a minor gain both on a monthly and annualized basis, according to the National Association of Realtors®. Heading into 2018, existing-home sales and price growth are forecast to slow, primarily because of the altered tax benefits of homeownership affecting some high-cost areas.

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