Mahta Sharif - COMPASS Real Estate

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Mahta Sharif - COMPASS Real Estate Real Estate Agent

10/18/2024

DID YOU KNOW?

* The average 30-year fixed-rate mortgage rose to 6.44% in the week through Wednesday, hitting the highest level since August (Freddie Mac). A week earlier, it was 6.32%. Average 15-year mortgages jumped to 5.63%, from 5.41% a week earlier. While some buyers may be deterred by this, they may want to consider the alternative.....even higher rates.

09/19/2024

DID YOU KNOW?

* The 30-year fixed-rate mortgage averaged 6.2% last week, down from almost 8% in the fall of 2023. This may be the biggest opportunity for some to lower their monthly cost of housing via re-financing if they 'dated the rate, married the house'.....? Those financing now may be able to negotiate a lower rate later if/when rates drop further. (WSJ)

09/19/2024

DID YOU KNOW?

* The FED cut their rate by 50 basis points, double what most had anticipated. Many believe this could deliver that 'soft landing', the original mission.... we've now entered the era of normalizing rates.

08/15/2024

DID YOU KNOW?

* What is an EREV? It stands for EXTENDED RANGE EV whereby a gasoline-fueled motor charges the battery generating electricity and extends the range to over 600 miles. The battery is lighter and smaller. The overall car is lighter too. Maybe the best of all worlds as it can sharply reduce pollution? (BLOOMBERG)

08/15/2024

DID YOU KNOW?

* The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) fell slightly to 6.54% from 6.55%. The refinance share of mortgage activity increased to 48.6% of total applications from 41.7% in the previous week. Applications for a mortgage to purchase a home rose just 3% for the week and were still 8% lower than the same week one year ago. (CNBC)

07/25/2024

DID YOU KNOW?

* Real Estate has multiple tax advantages: One of them is when you inherit property, the IRS applies a stepped-up basis to that asset. This means, for tax purposes, the base price of the asset resets to its value on the day you inherited it. If you were to hypothetically inherit property and then immediately sell it, you would potentially owe no taxes on those assets. The rules are the same whether you jointly own the property or not. Capital gains tax on the jointly owned inherited property will be evenly split, based on the ownership stake, for each owner who inherited a piece of the property.

07/10/2024

Here are the 10 locations across America where you are most likely to snag a good percentage off the asking price when buying a home

07/10/2024

Buying and selling real estate is littered with costly obstacles, but you can steer clear of many of them.

06/12/2024

DID YOU KNOW?

* Mortgage rates are forecast to come down to 6.5% in the fourth quarter. (CNBC)

06/12/2024

DID YOU KNOW?

* The U.S. has more liquid investable wealth than any other country, with $67 trillion dollars available. Liquid wealth includes listed company holdings, cash holdings, and debt-free residential property holdings. (Henley)

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540 S. Coast Highway, Ste 202
Laguna Beach, CA
92651

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