National News

Jan. 15, 2019

What’s happening with mortgages as shutdown drags on?

NEW YORK – Jan. 14, 2109 – The partial federal government shutdown is complicating the already complicated process of getting and managing a mortgage. For one thing, the political storm is like severe weather at a major airport: You can expect minor delays or worse. And if you're among ...

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Posted in National News
Nov. 15, 2018

Want to lower your 2018 tax bill? Take action now!

NEW YORK – Nov. 14, 2018 – Income taxes can be taxing. And that's especially the case with the tax overhaul signed into law late last year.

The law created $1.5 trillion in tax cuts but did nothing to make the filing process simpler. In fact, the "Tax ...

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Posted in National News
Oct. 12, 2018

Mortgage rates hit 7-year highs – 30-year at 4.9%

WASHINGTON (AP) – Oct. 11, 2018 – Long-term U.S. mortgage rates leaped this week to their highest levels in seven years amid global anxiety over rising interest rates that has gripped financial markets.

Costs for would-be homebuyers are climbing. Mortgage buyer Freddie Mac said Thursday the rate on 30-year ...

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Posted in National News
Oct. 5, 2018

Mortgage rates edge lower – 30-year rate at 4.71%

WASHINGTON (AP) – Oct. 4, 2018 – Long-term U.S. mortgage rates edged slightly lower this week, taking a pause after five straight weeks of increases.

Costs for would-be homebuyers have been climbing, and the key 30-year rate has been running at its highest levels in more than seven years ...

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Posted in National News
Oct. 2, 2018

Americans’ FICO scores hit record-high average

BOSTON – Oct. 1, 2018 – 704! That's the new, record-high average FICO credit score among millions of Americans, and it's positive news for homebuyers, sellers, lenders and the economy overall.

What it signifies, according to Ethan Dornhelm, FICO's vice president of scores and analytics, is that ...

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Posted in National News
July 20, 2018

TaxWatch: Florida is still a low-tax state – No. 42 out of 50

TALLAHASSEE, Fla. – July 19, 2018 – Florida retains its ranking as one of the nation's lowest-tax states, according to the latest study released by Florida TaxWatch. Out of 50 states, Florida ranks No. 42 in the average amount of money paid by residents.

Florida TaxWatch findings

  • Floridians pay ...
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Posted in National News
April 9, 2018

4 demographic shifts worth watching

IRVINE, Calif. – April 6, 2018 – The aging of America, more immigrants and a population that's heading south are a few big trends to watch that will likely have a great impact on the housing market over the next decade, writes John Burns, CEO of John Burns Real ...

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Posted in National News
April 9, 2018

Are prepaid property taxes deductible?

WASHINGTON – April 6, 2018 – April 17 is the deadline for paying income taxes, but tax advisers still can't agree on whether homeowners who prepaid their 2018 property taxes in 2017 can fully deduct them.

Congress passed a tax reform bill late last year, capping write-offs for state ...

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Posted in National News
Feb. 2, 2018

Fed will likely raise interest rates in March

WASHINGTON – Feb. 1, 2018 – The Federal Reserve has left its benchmark interest rate unchanged but signaled that it expects to resume raising rates gradually to reflect a healthy job market and economy.

At Janet Yellen's final meeting as chair Wednesday, the Fed kept its key short-term rate ...

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Posted in National News
Oct. 6, 2017

22 Hard lessons businesses learned after the hurricane

NEW YORK (AP) – Oct. 5, 2017 – Harvey, Irma and Maria have taught small business owners that disaster planning is more than just evacuating and trying to mitigate physical damage – it's also about the "what ifs."

Many realized they hadn't done the right kind of preparation ...

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Posted in National News