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Read MoreInterest Rates, and What that Means For You As a Buyer
Provided and Written by Casey Hamlin, NorthPoint Mortgage
The pace that mortgage rates have been rising has slowed significantly since the middle of November. I think they will continue to increase thru the end of December as the European Central Bank looks to taper their bond purchases or fail to extend them past March. The Fed Reserve will tell us what they will with the Fed fund rate on the 14th. A rate increase is considered a foregone conclusion, but the announcement will be telling of what the Fed is thinking for next year and investors will be watching closely.
I predict rates will be around 4.5% in the Spring of 2017 due to President Trump’s intent on infrastructure and defense spending at the same time cutting taxes. These policies raise the prospects for increased deficits and inflation. Neither are good for interest rates.
Portland, ME: Investors Take Notice
Many people are drawn to Portland's hustling yet quaint neighborhoods. All have their own character, it just depends on what you're looking for. If you're interested in learning more about home values and sales then take a look at the following data:
Save Money with Your Taxes: Maine Real Estate Knowledge
Three simple questions, and if you answer yes then you could save money on your tax bill.
1. Are you a permanent resident of the State of Maine?
2. Have you owned a homestead in Maine for the past 12 months?
3. What municipality is your permanent residence in? Is this the only property for which you'd claim a homestead property exemption?
What are you waiting for? Download the application for Maine Homestead Property Tax Exemption, fill it out and return to your local assesor to find out if you can start saving money on your taxes.