October 2011 archive

Tax Proposals in the American Jobs Act

On September 12, President Obama provided the legislative text for the “American Jobs Act” that he summarily described during a September 8 speech to a Joint Session of Congress. In terms of taxes, the following summarizes the primary new and reduced taxes: Tax Increases, totally $461 billion: Limiting Itemized Deductions and Other Exclusions to 28% …

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Proceed with caution — adjustable rate mortgages gain new life

Mortgage rates are low. Absurdly low. They are lower today than at any time during the 1970’s, 1980’s, and 1990’s. In fact, they’re lower today than they were at any time during the huge run up in housing prices — fueled by historically low mortgage rates — that ended in 2006. Today many borrowers are …

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Permanent link to this article: http://betweenthenumbers.net/2011/10/proceed-with-caution-adjustable-rate-mortgages-gain-new-life/