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Tax breaks for home mortgages to sink 30% in 2018 due to Trump tax law, study shows – The provision was added to help pay for the tax cuts. Also Read: Mortgage rates march to fresh 7-year high home owners will now only be able to deduct interest on $750,000 worth of mortgage debt.
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Rising mortgage rates could mean even fewer homes for sale this spring – Low supply last year caused home prices, which were rising already, to accelerate, and that continues now. Prices are increasing far faster than incomes, even as the economy and employment improves..
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Higher mortgage rates, rising prices costing homebuyers more than $1,200 a year – The recent jump in mortgage interest rates, along with the continued rise in home prices, has increased monthly costs for homebuyers by 15 percent and reduced their purchasing power, according to.
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Mortgage rates jump past 5%, signaling more home price cuts ahead – The average rate on the 30-year fixed sat just below 4 percent a year ago, after dropping below 3.5 percent in 2016. It just crossed the 5 percent mark, according to Mortgage News Daily. While more.
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Mortgage rates surge to a near 8-year high as house-hunters race the clock – Rates for home loans roared higher, taking the benchmark mortgage product to a new high and setting up a fresh test for an already strained housing market. The 30-year fixed-rate mortgage averaged.