Items Tagged with 'mortgage interest'

ARTICLES

  • This is how real estate taxes can affect your tax refund

    LendingTree details how a metro's tax burden impacts a homeowner's refund
    If you're one of many Americans who hasn't filed their taxes yet, the chances are high that the rapidly approaching April 15th deadline is leaving you a little stressed. If you're worried about real estate-related taxes, LendingTree recently released a study that reveals some ways that homeowners can ease worries about their tax burdens.
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  • MBA: Rising mortgage rates put a damper on application volume

    Applications for 30-year fixed rate rise 2.5%
    Mortgage applications took a tumble for the week ending Mar.1, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Senior Vice President and Chief Economist Mike Fratantoni said slightly higher mortgages rates last week led to a decrease in application volume.
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  • MBA: More Americans are applying for mortgages as interest rates stabilize

    Applications for 30-year fixed rate rise 5.3%
    Mortgage applications rose again for the week ending Feb. 22, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Senior Vice President and Chief Economist Mike Fratantoni said homebuyers are responding favorably to a more stable interest rate environment.
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  • IRS: Interest paid on home equity loans is still deductible under new tax plan

    But not in every case
    The country’s new tax laws, ushered in by President Donald Trump and his Republican counterparts late last year, will bring many changes to the mortgage industry. Namely, the plan reduces the available mortgage interest deduction from $1 million to $750,000. But what’s the impact of the tax plan on home equity loans, home equity lines of credit, and second mortgages? The IRS has answers.
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  • The debate around the future of the mortgage interest tax deduction continues

    No final ruling on tax reform yet
    Answers to the future of the mortgage interest tax deduction should hopefully be tucked inside the much-anticipated tax reform plan from the Trump administration once it’s released. But until President Donald Trump reveals his official plan for tax reform, a lot is still up in the air. And now a new piece from CBNC threw another potential option out there for the MITD.
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