Why Mortgage Rates Are Rising Again After Today’s Inflation Report
Today’s inflation report showed that prices across the economy are still rising faster than the Fede

Today’s inflation report showed that prices across the economy are still rising faster than the Fede

Certain expenses on your tax return—especially depreciation—can often be added back to your income when we calculate your qualifying earnings for a mortgage. Depreciation is a non-cash expense. It reduces taxable income for IRS purposes, but it doesn’t actually reduce the money you earned.

The strongest short-term predictor for the next month is usually pending sales and new listings, because closings lag contracts.

Traditionally, homebuyers had two primary mortgage options: fixed-rate and adjustable-rate mortgages. Although the market now offers a wider variety of choices, this article focuses specifically on adjustable-rate mortgages.
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