Photo by Jorge Alcala on Unsplash House and Senate negotiators are working on their first edits to the newly proposed tax legislation. Both sides have agreed (not officially) to limit the deduction for mortgage interest on loans to $750,000 or less, as compared to the $500,000 that the House’s original bill called for. Bloomberg has a nice article on the details here. This is a far cry from some game-changing negotiation, but it might soften the blow for the valued tax break.
Welcome to December! If you’re anything like me you like to start the first of the month off by listening to the Bone Thugs n’ Harmony classic, “1st of tha month” where they tell you to “Wake up, wake up, wake up it's the 1st of tha month… To get up, get up, get up so cash your checks and get up.” Ironically enough it looks like we’ll definitely have to “cash our checks” in order to afford anything in 2018. Experts say that after Janet Yellen’s speech yesterday, the probabili
As expected, Washington D.C. is going to look a lot different in 2018. On Monday Janet Yellen announced that she will be stepping down as chairwoman of the Federal Reserve upon the swearing in her successor, Jerome Powell in February. What does this mean for the rates? Nothing… the brains at Goldman Sachs and Capital Economics believe that regardless of who is the next Fed Chair… rates will be on the rise at least 4 times in 2018. Reuters published a good read on this topic l