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Local Market Update 

Please email janicelee@prula.com for your report - with subject line "City Report" - if your city is not listed above
SGV Market Overview
 

Mortgage Rates

U.S. averages as of December 27, 2012:

 

30 yr. fixed:   3.35%

15 yr. fixed:   2.65%
1 yr. adj:        2.56%

Janice Lee
Luxury Properties Director
540 South Lake Ave
Pasadena, CA 91101

Email me at:
Real Estate Resolutions For 2013

 

For years, both buyers and sellers have been sitting on the fence.

 

Buyers have been waiting for the market to bottom out, so they can purchase at the best price. Sellers have been waiting for prices to improve, so they can sell at a better price.

 

Continued...

Preserving the Mortgage Interest Deduction 

 

In a time when the U.S. government is looking for tax hikes and ways to cut back and reduce the federal deficit of $16 trillion, the homeowners' mortgage interest deduction is on the chopping block. While the whole deduction might not be scrapped, modifications and limitations to it could affect many homeowners.

 

Continued...

Watch For Mortgage Relief Wolves in Government Clothing 

 

Be on the lookout for "mortgage relief" companies that cloak themselves in government logos.  

 

The only thing they'll relieve you of is your cash.