Market Rates

Freddie Mac's latest survey reports the 30-year fixed-rate mortgage (FRM) averaged 6.12 percent this week, up from last week's average of 6.10 percent. Last year at this time, the 30-year FRM averaged 5.66 percent.

"Keep in mind, however, long-term rates are still below December's monthly average and continue to fuel the housing market. Last week, mortgage applications for home purchases were stronger than last December's average. Even refinancing activity remains strong, averaging around 43 percent of all mortgage applications."

Preferred Service Mortgage

Tax Time and your Real Estate

What is deductible when it comes to my personal home?
Buyers: Interest paid on mortgage
Real Estate Taxes paid
Loan origination fees

Sellers: Interest Paid on loan up until date of payoff
Real Estate Taxes paid up until date of settlement

For more detailed information on your property and taxes, look through the IRS website.

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