Generally, if you exchange investment property solely for investment property of a like kind, gain may be deferred into the future under Internal Revenue Code Section 1031. If as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the extent of the other property and money received. …
Continue reading ‘Like-Kind Exchange Real Estate Tax Tips’ »
The average rate for the conventional 30-year fixed mortgage has dropped below the 4 percent mark for the first time in history, according to numbers released Thursday by Freddie Mac. The GSE’s market analysis also shows that the 15-year fixed rate – which has become a popular refinancing option among existing homeowners – fell to …
Continue reading ‘Thirty-Year Mortgage Rate Falls Below 4%’ »
Fixed mortgage rates fell to all-time record lows this week following the Federal Reserve’s announcement of “Operation Twist.” The central bank’s new stimulus policy entails reinvesting principal payments from its holdings of GSE debt and mortgage-backed securities back into new mortgage bonds issued by Fannie Mae and Freddie Mac. The Fed also intends to purchase …
Continue reading ‘Fixed Mortgage Rates Sink to Lowest on Record’ »
Interest rates on home loans offered up a mixed bag of results this week, with fixed-rate mortgages showing no change or dipping slightly and adjustable-rate mortgages ticking upward, according to data released Thursday by Freddie Mac. Even with the inconsistencies, mortgage rates across the board remain near their record lows. Those lows may drop farther …
Continue reading ‘Mortgage Rates Mixed This Week but Expected to Head Lower’ »