Mortgage Rates Hit Lowest of 2017

Mortgage Rates Hit Lowest Mark of 2017

MCLEAN, VA–(Marketwired – Apr 13, 2017) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year mortgage rate dropping for the fourth consecutive week and hitting a new low for 2017.

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Advice for Retirees regarding Real Estate

5 Major Mistakes That Retirees Make With Real Estate

By Julie Ryan Evans

April 13

You’ve worked hard year after grueling year and, finally, retirement is on the horizon. There’s nothing ahead for you but lazy days of relaxation and idle time to pursue those back-burner hobbies. Hey, you’ve earned it!

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Vacation Home Sales Plummet

Affordability, Tight Supply Cause Vacation Home Sales to Plummet in 2016; Investment Sales Climb 4.5%

WASHINGTON (April 11, 2017) – Last year’s strongest pace of home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors, according to an annual second-home survey released today by the National Association of Realtors®. The survey additionally found that vacation and investment buyers in 2016 were more likely to take out a mortgage and use their property as a short-term rental.

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Mortgage Interest Deductions in Jeopardy?

Popular deductions for homeownership are targeted in tax plans

By Kenneth R. Harney

April 5

With the health-care bill back-burnered on Capitol Hill, the focus has shifted to tax reform. Among the key financial matters in play: Homeowners’ prized deductions for mortgage interest and property taxes.

Although no major version of an overhaul bill would eliminate the mortgage interest deduction, a plan known as the House Republicans’ “blueprint” would essentially sidestep it by doubling the current standard deduction from $12,600 to $24,000 for joint filers ($12,000 for single filers).

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Is The First Offer The Best Offer?

The First Offer May Be The Best Offer

By Bob Hunt

Monday, 3 April

Versions of this column have appeared before. It is still true. And for many, still relevant.

Sometimes when everything goes right we have trouble accepting that fact. Perhaps nowhere is this phenomenon more clearly illustrated than in the case where a seller receives a good offer right away.

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Current Mortgage Rates – Mar 30, 2017

Weekly Data

2017 Weekly Mortgage Rates Data [XLS]

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Mortgage Rates Decline

Mortgage Rates See Another Significant Decline

MCLEAN, VA–(Marketwired – Mar 30, 2017) – The 10-year Treasury yield remained relatively flat this week. The 30-year mortgage rate fell 9 basis points to 4.14 percent, another significant week-over-week decline.  Despite recent mortgage rate fluctuation, new home sales far exceeded expectations in February and jumped 6.1 percent to an annualized rate of 592,000.

News Facts

30-year fixed-rate mortgage (FRM) averaged 4.14 percent with an average 0.5 point for the week ending March 30, 2017, down from last week when it averaged 4.23 percent. A year ago at this time, the 30-year FRM averaged 3.71 percent.

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Real Estate As Part of Retirement Plan

Should real estate be part of my retirement plan?

By Katie Lobosco

March 28

Jake Walker in Michigan asks: 

I am 25 and wonder how I’ll retire since I won’t have a pension like my parents. Last year, I bought a rental property and my return was much higher than what I saw on my 401(k) and Roth IRA. I look at this as a way to diversify my portfolio and also generate cash flow in retirement. Basically, my version of a pension. Is this a good approach to have?

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Home Appraisals Can Be Challenged

Appraisals Can Be Challenged

By Bob Hunt

March 28

Question: We are refinancing our home to replace an adjustable rate mortgage with a good fixed rate loan. Unfortunately, the appraisal came in low and when I received the copy from the mortgage company I noticed many errors, some of which are significant.

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So Cal Home Prices Jump

Southern California home prices jump again as short supply fuels bidding wars

By Andrew Khouri

March 21

Southern California home prices jumped in February, posting the largest increase in more than a year, as buyers rushed to outbid one another for a meager selection of homes for sale.

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