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  • Mortgage Interest Deduction Vital to Housing Market

    By: Dona DeZubePublished: October 29, 2010The home mortgage interest deduction saves the average home owner thousands of dollars at tax time, supports home values at the community level, and helps American home buyers get into their first house. How the deduction worksIn general, any home owners who pay U.S. taxes and who itemize their taxes can ...
    Posted to Placida Properties (Weblog) by 797316 on November 10, 2010
  • Mortgage rates rise to 4.24%, near record low

    WASHINGTON (AP) – Nov. 5, 2010 – Rates on 30-year fixed mortgages edged up this week to an average of 4.24 percent, still close to their lowest level in decades. The average rate for 30-year fixed loans rose from 4.23 percent the previous week, mortgage buyer Freddie Mac said Thursday. It was the third weekly increase in a row. Rates ...
    Posted to Placida Properties (Weblog) by 797316 on November 5, 2010
  • Mortgage Applications Rise

    Mortgage Applications Rise Mortgage applications to purchase homes rose 3.9 percent last week compared to the previous week on an adjusted basis. On an unadjusted basis, purchases rose 3.5 percent compared with the previous week, but were 30.3 percent lower than it was the same week a year ago. Including mortgage applications to refinance, ...
    Posted to Placida Properties (Weblog) by 797316 on October 27, 2010