Mortgage Monday with the Senate. [#DHallTheINSIDER]

insider 11_13_2017

Photo Source: Southern Living Mag.

The Senate came back with their version of the new tax plan and it preserves the mortgage interest deduction cap of $1M, eliminates the deduction for property taxes, and features seven tax brackets (compared to the House bill which consolidated them into four).

Most frequently used method for submitting a mortgage application, whether refinance or purchase, for the first time was done online, up 28% from a year ago to 43%. However, satisfaction with online submissions dropped and it has a lot to do with setting the proper expectations, something an online platform or chat robot can’t provide.

Austin, Texas wins best city for veterans with its lowest veteran unemployment rate in the nation.

2018 will bring new faces to the Fed, as Fed Chair held by Janet Yellen will be replaced by Jerome Powell in February and Vice Chair and NY Fed President positions are still up for determination. December is only a month away and we’re still leaning towards expecting a rate hike.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s