by Laura Baliestiero | Dec 14, 2021 | Home Buying, Mortgage Rates
In December, mortgage rates remain stable. The 30-year fixed mortgage rate moved lower from 3.10% to 3.11% during the week ending 12/9/2021. It seems that Investors are optimistic that the omicron variant of Covid-19 will not have a significant impact on markets. ...
by Laura Baliestiero | Oct 18, 2021 | Housing Market Updates, Mortgage Rates
As mortgage rates rise, homeowners are getting the wrong idea, new data says As mortgage rates have jumped to their highest levels in months, the brakes have been tapped on mortgage borrowing. That’s even though interest rates are still in the historically low...
by Laura Baliestiero | Sep 14, 2021 | Home Equity Loans, Mortgage Rates
Whether it’s a kitchen remodel or dedicated workspace at home, after a year of staying in, most homeowners have at least entertained the idea of a home renovation project. Skyrocketing home prices have resulted in a record amount of home equity on hand. By the end of...
by Laura Baliestiero | May 6, 2021 | Buyer, Buying a Home, Covid-19, Mortgage Rates
The housing market has been gaining strength in the last few years — particularly during the COVID-19 pandemic. Home values soared, buyer demand jumped, and mortgage rates hit historic lows. And ultimately, it’s made housing one of the few bright spots during an...
by Laura Baliestiero | Apr 7, 2021 | Closing Cost, Home Buying, Interest Rates, Mortgage Rates, Taxes
The answer to whether closing costs are tax-deductible — is often the most frustrating one- “It depends.” Basically, you’ll want to itemize if you have deductions totaling more than the standard deduction, which for 2021 is $12,550 for a single person and $25,100 for...
by Laura Baliestiero | Mar 8, 2021 | Down Payments, Mortgage Rates
A tax refund is one of several ways to come up with a down payment and closing costs to buy a home. Many mortgage programs have a requirement that monies used for a down payment be “sourced and seasoned.” Sourced funds mean showing where the money came from, sales of...
