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mortgage-interest

How Do Mortgage Fees Work?

Obtaining a mortgage can be a confusing and stressful process, particularly when your mortgage banker first shows you the laundry list of mortgage fees you are required to pay at closing. For the typical

Mortgage rates for April 2, 2015

A week of inconsistent economic results and plenty of stock market volatility to close out the first quarter helped keep mortgage rates in check.

CalHFA Announces Details of 2015 Mortgage Credit Certificate Program

The California Housing Finance Agency announced today the details of its 2015 Mortgage Credit Certificate program, a statewide program that enables first-time homebuyers to convert a portion of their annual mortgage interest into a direct dollar-for-dollar tax credit on their U.S.

Why the mortgage tax break isn't helping

For generations of U.S. homeowners, the tax deduction on mortgage interest has been a sacrosanct loophole that no one in Congress dare touch. But the collapse in interest rates is producing a bizarre and, so far, underappreciated result. It is making that loophole less and less valuable.