Besides providing you with a stable place to live and raise a family and a safe long-term investment, being a homeowner also allows you to take advantage of several tax deductions and credits that are not available to anyone else. Following are the top ways homeownership can help lower your income taxes. Mortgage Interest Deductions IRS Form Schedule A can
This week, mortgage rates rose, which was comparative to their usual intraday movement potential. However, the market has been anything but average. In fact, the numbers show that the recent intraday losses are among the worst that’s occurred during the year. The exact levels confirm that it is the fourth lowest within the last year. Losses and Gains The market
As the most recent jobs report was released, mortgage rates remained stable. Only a few lenders raised rates by microscopic levels. Although this is an uncommon occurrence, it is explained by the state of current world events. Oftentimes, the key part of gathered Employment Situation data is the top line job creation, or NFP. The average forecast for present NFP
The fourth quarter of 2015 saw a continued rise in homeownership rates from the previous quarter. The U.S. Census Bureau reported that 63.8 percent of Americans owned homes in the last quarter of 2015. The homeownership rate during the third quarter was 63.4 percent. The increase may be correlated with an increase in employment rates and less restrictive credit availability.
