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A wealth of options for money advice
A wealth of options for money advice “The next 10 to 15 years will be spent getting comfortable buying services online,” Kitces, a Virginia-based financial planner who tracks the industry on his Nerd's Eye View blog, said. The range of online tools varies in Banks are often overlooked

Mojo - January 2014
Mojo - January 2014 A Virginia man who claims that as a teenager he was detained, interrogated, and abused in Kuwait at the behest of the Obama administration (a story I wrote about here) has won a key victory in his lawsuit against the government. A George W. Bush

Bank of America Mortgage Rates: 30-Year Refinance Rates and Home Loans for ...
Bank of America Mortgage Rates: 30-Year Refinance Rates and Home Loans for ... In other news, the Mortgage Bankers Association (MBA) reported on Wednesday, that its Market Composite Index, which measures overall mortgage activity, improved 4.7% on a seasonally adjusted basis in the week ended January 17. Loan applications for

Bank of Lancaster Announces Promotions
Randal R. Greene, President and CEO of Bank of Lancaster and Bay Banks of Virginia, reports that the Bank's Board of Directors promoted both Pamela J. Fawver and Robert H. Fleet, III to the office of Senior Vice President. Fawver, a life-time resident

New York compare mortgage lenders and hard money New York compare mortgage lenders and hard money, rates for refinancing and fha mortgage rates today againstmortgage rate ...

Weekly mortgage applications fall 2.3% as rates rise

"Treasury rates started to fall mid-week, as disappointing data on the U.S. trade deficit and non-manufacturing sector were released, but picked up later in the week, as market fears of a government shutdown eased and the November employment report showed strong job growth," said Joel Kan, an MBA economist.

Mortgage applications to purchase a home fell 1 percent for the week but are 10 percent higher than the same week a year ago. Several local Realtor associations are noting a jump in newly signed contracts to buy existing homes recently. That may be due to the prospect of higher interest rates in 2018 and some buyers wanting to close before the end of the year, given potential changes to the mortgage interest deduction in the Republican tax plan.

"The residential market in Northern Virginia during November provided some impressive sales statistics, counter to historical trends where the month is generally one of the quietest for selling," Tracy Comstock, principal broker of SilverLine Realty & Investment, said in a report from the Northern Virginia Association of Realtors.

New Tax Law Breeds Uncertainty In FC Projects, Housing Markets

The passage of the Tax Cuts and Jobs Act into law brings major changes to the local real estate market that prompt anxious anticipation about the shifting role and rewards of homeownership. Depending on the resulting effects the law has on home evaluations, it could cause the Falls Church City Council to adjust previous promises in order to keep recently approved major public projects on schedule for completion.

Here are the basics of the law’s alterations to the real estate market: It reduces the limit of the mortgage interest deduction (MID) from $1 million to $750,000 for all loans taken out after Dec. 15, 2017, applies a cap to itemized state and local tax (SALT) deductions at $10,000 while doubling the standard deduction for all filing status categories.

The law also preserves the capital gains exclusion that allows single taxpayers to exclude up to $250,000 (and $500,000 for married couples) from a home sale as long as they’ve lived in the home for two of the past five years. The capital gains exclusion was a necessary victory for realtors in the transient Washington, D.C. area (and more relevantly, in the City of Falls Church) since it makes home sales much more palatable for owners who may be required to move due to work obligations.