Tagged: mortgages

How Trump tax plan would alter mortgage interest deduction

How Trump tax plan would alter mortgage interest deduction

Each year, taxpayers subsidize America’s homeowners by roughly $70 billion, with the benefits flowing disproportionately to coastal areas with high incomes and pricey homes, from New York and Washington to Los Angeles and San Francisco.

Long-term mortgage rates unchanged: 30-year at 3.83 percent

Long-term mortgage rates unchanged: 30-year at 3.83 percent

Long-term mortgage rates are unchanged this week: The 30-year fixed-rate mortgage remained at 3.83 percent; the 15-year home loan, popular among homeowners who refinance their mortgages, stayed at 3.13 percent, mortgage buyer Freddie Mac says.

FEMA insurance chief: Harvey losses could top $11 billion

FEMA insurance chief: Harvey losses could top $11 billion

The head of the National Flood Insurance Program said Wednesday early estimates show Hurricane Harvey will result in about $11 billion in payouts to insured homeowners, mostly in southeast Texas.

Fewer Americans buy insurance in coastal areas

Fewer Americans buy insurance in coastal areas

Far fewer Americans compared with five years ago are paying for flood insurance in coastal areas of the United States where hurricanes, storms and tidal surges pose a serious threat, according to an Associated Press analysis of government data.

Fewer Americans buy insurance in coastal areas

Fewer Americans buy insurance in coastal areas

Far fewer Americans compared with five years ago are paying for flood insurance in coastal areas of the United States where hurricanes, storms and tidal surges pose a serious threat, according to an Associated Press analysis of government data.

How much do you need to earn to buy a typical house in Denver? At least $81,349, says report

How much do you need to earn to buy a typical house in Denver? At least $81,349, says report

Homebuyers in Denver need to make at least $81,349 to get a mortgage loan, which is 11.2 percent more than they needed a year ago, according to a new report. Denver is the nation’s ninth most expensive metro area based on salary needed to buy a median-priced home.

Former Colorado mortgage board chairman accused of stealing test questions for his employer

Former Colorado mortgage board chairman accused of stealing test questions for his employer

A former gubernatorial appointee who oversaw the state board that regulates Colorado’s mortgage loan originators for years allegedly stole test questions used by the national agency that certifies that profession, then repurposed them at a company where he helped people pass the exam, according to a federal lawsuit.

Rising interest rates, home prices push cost of housing in Denver up 15 percent

Rising interest rates, home prices push cost of housing in Denver up 15 percent

Typically, higher mortgage rates moderate increases in home prices Higher mortgage rates aren’t restraining home price gains.