Middle class in Boulder

Townhouses – Best Chance for Middle Class Families in Boulder

Boulder middle-income households are turning to townhomes, duplexes and triplexes for their housing needs. Middle class in Boulder are usually earning between 80 to 150 percent of area median income or up to $134,000 for a family of three. In other areas, heads of these middle-income families have good paying jobs that provide a comfortable middle-class lifestyle to their members. …

owning real estate

What are the Tax Benefits of Owning Real Estate?

People who have purchased their first home  are usually elated that they own a prime piece of real estate. Later, when their first tax season as homeowners rolls in, they realize (and celebrate!) the full impact of their new tax benefits. What are the tax benefits of owning real estate? Deduction in Mortgage Interests If you have taken out a loan in …

Low Mortgage Rates

Interest Rates Lowest Since November 2013

Mortgage applications rose 3.6% last week, spurned on by the lowest interest rates in the past six months.  According to the Mortgage Bankers’ Association,  these applications reflect both refinance and purchase applications. Purchase applications are considered the leading gauge for home sales.  They were 1% higher than the previous week, but 12% lower than year-over-year applications. Interest rates for 30 …

Mortgage Rates and Home Sales

2014 Mortgage Rate Swings May Impact Home Buying

In 2013, increased mortgage rates resulted in decreased home sales, as shown in the graph left.  This trend could continue in 2014, especially if there is a significant increase in mortgage rates. Although mortgage rates are still at historic lows, Freddie Mac recently posted 30-year fixed rates around 4.48%, the highest rate since September 2013. This is interesting, given that …

FHFA

2014 Mortgage Fees Postponed

 The US Federal Housing and Finance Agency, which oversees mortgage giants Freddie Mac and Fannie Mae, has postponed new mortgage fees that were scheduled to take effect in 2014. The fees are meant to safeguard banks against defaulting borrowers. Incoming FHFA chief  Mel Watt wants more analysis done, to see how the substantial fees and resulting increase in mortgage prices …