sgip
Well-known member
Here we are on tax day and a question came to mind.
With the Fed extending HARP to 2015 and refusing to lift their monthly bond buying, word on the street is that we may see a sub 3% handle on the 30 fixed. The recovery does not appear to have legs most current indicators. Already today you can obtain an FHA loan at 2.875% for nearly zero points.
If we do see a sub 3.0% 30 fixed is the Mortgage Interest Deduction even worth taking? At what point is the MID worthless? I know there are 2.50% or lower ARM rates. What does that do to a persons deductions?
Discuss
With the Fed extending HARP to 2015 and refusing to lift their monthly bond buying, word on the street is that we may see a sub 3% handle on the 30 fixed. The recovery does not appear to have legs most current indicators. Already today you can obtain an FHA loan at 2.875% for nearly zero points.
If we do see a sub 3.0% 30 fixed is the Mortgage Interest Deduction even worth taking? At what point is the MID worthless? I know there are 2.50% or lower ARM rates. What does that do to a persons deductions?
Discuss