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30 Year Fixed Mortgage Rates Article
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Current Mortgage Interest Rates Make Buying More Affordable
from: Mortage & Debt FactsThe current mortgage interest rates are very low right now and more people that have been renting homes are finding it more affordable to purchase their homes at this time. If you are renting your home that is money just thrown away, but if you buy your home you are making an investment. Buying a home is like putting money in the bank, because as you pay down the principal part of your mortgage loan you gain equity in your home.
Though the economy is a bit shaky, more people are taking advantage of the current mortgage interest rates to finally own their own homes. First time buyers get a tax break; they can deduct the interest you paid on the loan for the previous year. If you paid points to get your home, you can deduct up to what those points cost you. If you paid $6,000 for points, you can deduct that amount from your taxes. Due to the current mortgage interest rates it is in your favor to itemize all your house expenditures that you are entitled to on your tax forms. You can clearly see why owning your home is much more to your advantage than renting. Aside from the current mortgage interest rates saving you money, you can also save money by deducting your real estate taxes from your income taxes.
Everyone that wants to buy a home should take advantage of the current mortgage interest rates. The advantages of buying far outweigh the disadvantages of renting.
Another charge you may be able to deduct from your income taxes is the private mortgage insurance (PMI) premiums you have to pay if your down payment is less than 20 percent of total cost of your home. This deduction is dependent upon your income: the income limit is $50,000 on a single tax return and $100,000 on a joint return. This is a new write-off for homebuyers that got their mortgages in 2007. People that bought their homes before 2007 are not eligible for this write-off.
There are so many advantages to owning your home that it makes sense to take advantage of the current mortgage interest rates. Buying a home can seem a bit daunting, but with the right help most of the work can be done for you. A real estate agent can help you narrow down your choices for your home, and a mortgage broker can help you get the best possible current mortgage interest rates. All interest rates are not the same; however, mortgage brokers have a little more leeway to negotiate the lowest possible rate.
Whether you find your home on your own or employ an agent or broker, your objective is to get the best home for the lowest percentage of the current mortgage interest rates. Once you make your decision to buy a home you will have made an investment that will put money in your pocket over time.
30 Year Fixed Mortgage Rates Specific links
30 Year Fixed Mortgage Rates News
US 30-year mortgage rate falls to record 3.78 pct. - Philadelphia Inquirer
 OregonLive.com | US 30-year mortgage rate falls to record 3.78 pct. Philadelphia Inquirer AP AP For a fourth straight week, the average rate for a 30-year fixed mortgage fell to a record low. WASHINGTON - The average US rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost ... 30-year mortgage rate hits another record low Freddie Mac: 30-year mortgage rate down a tick at 3.78% |
Bankrate: Mortgage Rates Hold at Record Lows - MarketWatch (press release)
 San Francisco Bay Area Today (press release) | Bankrate: Mortgage Rates Hold at Record Lows MarketWatch (press release) NEW YORK, May 24, 2012 /PRNewswire via COMTEX/ -- Mortgage rates were little changed, remaining at record low levels. The average rate on the benchmark 30-year fixed mortgage rate was unchanged at the record low of 3.97 percent according to ... Mortgage Rates Remain at Record Lows Mortgage rates drop to new record lows, mortgage activity jumps Current Mortgage Rates: SunTrust, TD Bank and US Bank Home Purchase Rates for ... |
US 30-year mortgage rate falls to record 3.78 pct. - Glens Falls Post-Star
US 30-year mortgage rate falls to record 3.78 pct. Glens Falls Post-Star 2 hours ago • AP The average US rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year ... |
30-Year Fixed Mortgage Rate Rises Slightly After Falling to All-Time Low Last ... - MarketWatch (press release)
 Christian Science Monitor | 30-Year Fixed Mortgage Rate Rises Slightly After Falling to All-Time Low Last ... MarketWatch (press release) SEATTLE, May 22, 2012 (GlobeNewswire via COMTEX) -- The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently 3.63 percent, up four basis points from 3.59 percent at this same time last week. The 30-year fixed mortgage rate hovered ... Zillow: US 30-Year-Mortgage Rates Rose Slightly In Latest Week HSH.com Weekly Mortgage Rates Radar: Fixed Mortgage Rates at New Record Low Again Mortgage Rates: Low Mortgage Rates Spark Increase in New Home Sales |
30-Year Mortgage Rate Hits Another Record Low - WRTV Indianapolis
30-Year Mortgage Rate Hits Another Record Low WRTV Indianapolis NEW YORK (CNNMoney) -- Buying a home got even cheaper this week as interest rates on the 30-year fixed-rate mortgage set a record low for the fourth week in a row. The 30-year fixed mortgage, the most popular mortgage product, dipped slightly to 3.78 ... |