Even though interest rates are higher than they were a few years ago, both new homebuyers and current homeowners looking to refinance can secure a good rate today. Plus, borrowers may soon see some relief if the
Mortgage interest tax relief may be extendedLAURA SLATTERY
Are you a homeowner? If you are, there's a good chance you're eligible for the mortgage interest deduction. The IRS allows you to claim a deduction for the mortgage interest you paid during the previous tax year. Even better, this deduction can apply to
Mortgage rates are the interest rate you pay to a lender on the mortgage balance you have outstanding. The lower your mortgage rate, the lower your monthly mortgage repayments tend to be, and vice versa. Different types of mortgage The type of mortgage you take out can affect the mortgage ...
The figure also risks the Bank of England slowing down its interest rate cuts - as there may be less need to stimulate the economy - according to Peter Stimson, head of product at the mortgage lender MPowered. But in better news for borrowers, the government has been encouragin...
Though not a formal mortgage relief program, VA borrowers can take advantage of the VA Streamline Refinance, also known as theInterest Rate Reduction Refinance Loan (IRRRL), which allows military service members and their families to quickly and affordably take advantage of low interest rates and ...
Refinancing may provide an opportunity to get a better interest rate or make a good mortgage even better. Either way, you’ll increase your short- and long-term financial security and increase the odds that hard times won’t put you at risk of losing your home. Increase Your Long-Term...
Treasury rate has bounced up and down over the past week, but things have been returning to current levels — even after the credit rating downgrade, which many watchers suggest was already accounted for in current rate levels. Still, the 10-year Treasury rate has inched upward slightly. News...
Distressed homeowners may be eligible for a variety of mortgage relief programs with their lender. Each type is designed to address specific financial challenges homeowners might face. Here’s a closer look at some of the options: Interest-free loans ...
I think interest rates will remain unchanged this week. The Fed seems to be holding steady until there’s clearer economic data, so I don’t expect any major movement, at least in the short term. Joel Naroff President and Chief Economist,Naroff Economic Advisors, Holland, PA ...