Homebuyers: Save Money on Your Taxes Ahead of Tax Reform

• Depending on your situation, prepaying 2018 property taxes this year could make sense.
• You also could prepay January's mortgage and write off the interest in 2017.
• Both the Senate and House versions of tax reform would require you to live in your home for five years instead of two to get an exemption from paying taxes on any capital gains generated by the sale.

Homeowners might want to consider prepaying certain house-related expenses this year in advance of tax legislation that could clear Congress as early as this month. CLICK HERE for article.

The Easterbrook Team

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Mortgage Rates Jump as Bond Selloff Drags on and Housing Runs out of Steam

Rates may ease next week, in line with this week’s move in Treasury yields

By

AndreaRiquier

Rates for home loans jumped to a six-week high as bonds sold off in the wake of hawkish comments from the central bank and expectations for tax reform, mortgage provider Freddie Mac said Thursday.

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Call The Easterbrook Team for your home loan needs.  916.850.6050