Mortgage Rates Continue to Hover Near Yearly Lows

Mortgage rates showed little movement once again this week, continuing to hover near yearly lows, according to the latest data released Thursday by Freddie Mac. The 30-year fixed-rate average bumped up to 4.14 percent with an average 0.7 point. It hit its yearly low of 4.12 percent a week ago and was 4.4 percent a…

Good News for Homebuyers: Mortgage Rates Dip Lower

As the spring home-buying season commences, good news comes on the mortgage front. Mortgage rates dropped this past week, according to Freddie Mac. The group reported a 30-year fixed-rate mortgage averaged 4.34 percent in the week ending April 10, down from 4.41 percent last week. A year ago, 30-year rates averaged 3.43 percent. Lower mortgage…

Changes to Homestead Exemption Laws

Homestead exemption was originally introduced in 1970 as a reduction in property taxes for lower-income senior citizens. Then, in 2007, the program was changed to include all homeowners 65 and older or permanently and totally disabled, without an income requirement. Now, the State of Ohio is returning to the original practice, and will now be…

How Will The CFPB’s New Mortgage Rules Impact Consumers?

By Robert Riedl, CPA, CFP, AWMA New Mortgage Rules Scheduled to Take Effect in January The Consumer Financial Protection Bureau (CFPB) has issued new mortgage rules that are scheduled to take effect on January 10, 2014. Background In 2008, the rise in home foreclosures was viewed by many as the result of sub-standard mortgage lending…

Democrats Decry Changes to Homestead Tax Exemption

Oct. 18 (Dayton Daily News (OH)) — The new restrictions on the Homestead Tax Exemption that begin in 2014 for any homeowner who has not turned 65 are unfair and will be a burden on senior citizens of the future, said two local Democrats in a news conference today. Montgomery County Auditor Karl Keith said…

Government Shutdown Risks Hurting The Housing Recovery

The government shutdown is here. Whether it’s not being able to get a new Social Security card or visit a national park, Americans will immediately feel the effects. But there’s one bright spot of the economy that stands to be affected as well: housing. One of the biggest questions regarding the shutdown and how it…

Dayton Among Top 25 Housing Investment Markets

By: Olivia Barrow, Staff Reporter, Dayton Business Journal Sept. 10, 2013 Dayton landed on a list of the top 25 residential real estate investment markets. The city ranked No. 22 on the list, compiled by OwnAmerica using an algorithm that examines demand, price, net yield and economic development trends in the city. Dayton’s appearance on…