Housing News Updates

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Catch up on the latest housing news!

 

California Fires Strain the State’s Housing Market 
The California wildfires have left many homeless, forcing them to search for new housing in an already tight market.

 

Mortgage Bankers Association (MBA) Open to New Home Owner Tax Breaks 
The POTUS has shared his desire to cut taxes. Now there’s movement toward a possible home owner tax break. Here are the highlights:

 

Daily Mortgage Rates 
Check out this week’s average mortgage rates, as they have trended lower.

  • While Mortgage rates fluctuated this week, they showed an overall decline.
  • 15 year fixed rates reflected the biggest drop, from 3.12% last week to now 3.00%. 
  • Now is a great time to buy or refinance as rates remain at all-time historic lows.

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