The stock market continues on a rally which is taking investors away from the bond market causing our rates to increase. They are still very low but up from a couple of weeks ago.
Conforming 30 Year Fixed (up to $417,000) is at 3.99% at 1 Point and 4.25% at Zero, High Balance ($417,000 to $625,500) is at 4.25% at one point and 4.5% at zero and Jumbo (over $625,500) is at 4.875% at 1 Point. FHA is at 3.75% at no points up to $417,000 and 4% for the High Balance.
Wednesday, October 12, 2011
Wednesday, March 9, 2011
Property for Exchange Everywhere!
The choice of a tax-deferred exchange affords the seller/taxpayer an exceptional opportunity upon selling the property. A tax deferred exchange can best be defined as a sale without immediate tax implications with a window to replace the property with like-kind property and reduce the basis of the replacement property by the deferred gain, thereby deferring the tax to a future date.
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