This week will be very important for mortgage rates despite the fact that it is a holiday shortened week. There are four relevant factual economic reports scheduled for release along with the minutes from the last FOMC meeting. This means that we may see fairly significant changes to rates more t
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12/31/2007
This week, President Bush signed H.R. 3648, The Mortgage Forgiveness Act of 2007, into law, sparing homeowners the tax burden associated with canceled mortgage debt.Prior to this action, forgiven mortgage debt due to foreclosure, short sale, or deed in lieu of foreclosure, was considered taxable
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12/28/2007
This holiday shortened week brings us only three economic releases for the markets to digest. The bond and stock markets are open tomorrow but will close early in observance of the Christmas Holiday and will reopen for normal hours Wednesday morning.The first piece of economic data released this
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12/23/2007