VIDEO UPDATE:

Rates Go Up, What Does the Big Beautiful Bill Act mean for Home Ownership? Here is Your Mortgage Rate Update!

TODAY’S MORTGAGE RATES

Mortgage Interest Rates went up
about .12% on the week with the
Mortgage Backed Security
Market trading down -34 bps.

Below are your average interest rates
across the country according to
Mortgage News Daily.

The big news last week was the
BLS Jobs Report which again
(drum roll please), came in
above estimates.

Job Creation in the U.S. came
in at 147,000 jobs compared
to an estimate of 110,000 jobs.
When job creation comes over
expectations, interest rates
typically go up and this report
was no different.

This upcoming week is relatively
slow with information that would
likely affect mortgage interest
rates.

There are a lot of characteristics
that go into a mortgage rate –
credit score, investor, loan to
value, loan amount, costs, etc.
Please call me to go over your specific
scenario so we can price your loan
out accurately.

Or you can get a Free Mortgage Quote
or Apply for a Mortgage with the links below.

Thank You! 

Beat The Banks

OR

Register

Thank you!

WHAT YOU NEED TO KNOW:
HOW DOES THE BIG BEAUTIFUL
BILL ACT AFFECT HOME
OWNERSHIP

Mortgage Interest Rate Deduction Restored
and Extended – Homeowners can deduct
interest on up to $750,00 in mortgage debt.
This makes home ownership more affordable.

Expanded SALT Deduction Cap – The
state-and-local tax deduction limit
rises from $10,000 to $40,000 annually
for households earning under $500K,
through 2025‑29 (phasing down after)
Homeowners in high-tax states (e.g.,
AZ, CA, NY) see significant tax
relief by deducting more of their property
taxes, reducing their federal tax burden.

PMI is now Tax Deductible Permanently –
PMI is charged when a homeowner is
using a conventional loan with less than
20% down.  Now this amount in their
monthly payment is tax deductible,
permanently.

20% Qualified Business Income Deduction
is here to stay – this allows landlords to have
cheaper taxes on rental income.

100% Bonus Depreciation is Back – Allows
Real Estate Professionals to deduct 100%
of their Qualified Depreciation on Home
Investments in year one. This strategy
allows real estate investors to use
depreciation to lower or eliminate
their taxable income.

Hope you have a fantastic week!!!